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
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
What about salaries? Is the net result positive for you?
Could you elaborate? How is there a shortage if there's a ton of foreign investment coming in?
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.
Beside there is a deficit between export and import leading to currency shortage.
https://www.reuters.com/article/ethiopia-energy-idUSL6N0N91Q...