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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 proje

• dvfjsdhgfv 8y ago
  > medicine, electronics, car prices have nearly doubled What about salaries? Is the net result positive for you?
  • bytematic 8y ago
    I imagine most or almost all of those jobs are going to chinese firms and citizens
  • component 8y ago
    Salaries went up a bit also tax was reduced - needless to say the price spikes aren't proportional but it's a start
• gandreani 8y ago
  > 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?
  • nwah1 8y ago
    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.
  • Habesha 8y ago
    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-idUSL6N0N91QM20140423 https://www.reuters.com/article/ethiopia-energy-idUSL6N0N91Q...
• andrewksl 8y ago
  Genuinely curious: As far as you know, are the projects synergistic, or do the Chinese offer lopsided/predatory deals?