[component]

Ethiopian here

Yes, Chinese contractors are having a big boom (banks, stadiums, airports & roads)

There's a shortage of foreign currency due to the mega projects underway - medicine, electronics, car prices have nearly doubled

[dvfjsdhgfv]

> medicine, electronics, car prices have nearly doubled

What about salaries? Is the net result positive for you?

[component]

Salaries went up a bit also tax was reduced - needless to say the price spikes aren't proportional but it's a start

[bytematic]

I imagine most or almost all of those jobs are going to chinese firms and citizens

[gandreani]

> There's a shortage of foreign currency due to the mega projects underway

Could you elaborate? How is there a shortage if there's a ton of foreign investment coming in?

[Habesha]

Not all mega infrastructure projects are foreign aid/loan financed. For example the 6000 MW Nile Grand Renaissance Dam is self financed by Ethiopia.

Beside there is a deficit between export and import leading to currency shortage.

https://www.reuters.com/article/ethiopia-energy-idUSL6N0N91Q...

[nwah1]

This sounds more like a case of rental values of locations increasing, as the price of prime urban land is bid up, requiring laborers be paid more to achieve the same standard of living, and inflating costs across the board.

Same issue that all booming cities face, whether it is New York, San Francisco, London, Hong Kong, Tokyo, or anywhere else.

Some manage it better than others.

[andrewksl]

Genuinely curious: As far as you know, are the projects synergistic, or do the Chinese offer lopsided/predatory deals?