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Old September 13th, 2017, 08:26 PM   #2381
AM2
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Originally Posted by Yoniii View Post
It's easy to point fingers but I wouldn't be surprised if corruption in Ethiopia is on the same level or worse than Nigeria.
Come on Yoniii, get real. Nigeria is one of the most corrupt countries in the world, if not THE most. How can you compare them to Ethiopia? Just one minister in the Goodluck Jonathan administration has stolen hundred of millions of dollars and is under investigation in Nigeria, Europe and the US. And that's just one person who was a minister very recently:

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Details of the complaint states that over a four year period spanning 2011 – 2015, the former minister used her influence as sector minister to secure lucrative oil contracts to companies owned by Kolawole Akanni Aluko and Olajide Omokore.
The authorities allege that proceeds from the said contracts were laundered in and through the United States and used to purchase most of the assets they wanted forfeited.
The assets in question include a $50 million condominium located in one of Manhattan’s most expensive buildings —157 W. 57th Street — as well as a yacht, the Galactica Star, valued at $80 million.
http://www.africanews.com/2017/07/17...on-complaint//

How can you compare this to corruption in Ethiopia??
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Old September 14th, 2017, 12:05 AM   #2382
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Originally Posted by AM2 View Post
Come on Yoniii, get real. Nigeria is one of the most corrupt countries in the world, if not THE most. How can you compare them to Ethiopia? Just one minister in the Goodluck Jonathan administration has stolen hundred of millions of dollars and is under investigation in Nigeria, Europe and the US. And that's just one person who was a minister very recently:


http://www.africanews.com/2017/07/17...on-complaint//

How can you compare this to corruption in Ethiopia??
They have more assets due to oil but how will you investigate if you suspect corruption in Ethiopia? You can only sit and hope that government officials are doing the right thing.
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Old September 14th, 2017, 04:58 AM   #2383
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https://www.transparency.org/news/fe...ons_index_2016

Corruption perception index ranks Ethiopia better at 108/176 vs Nigeria at 136/176 countries. For a country enjoying plus $400 billion in GDP, they sure do have a funny way of showing their wealth (i.e., deteriorating infrastructure, archaic transportation mode/locomotive, bankrupted airline/flag carrier, etc.

The first step in solving Nigeria's problem lies in Naijas' ability in recognizing that there is an epidemic within the country. Revolution is imminent if the country's income is dependent solely on oil revenues i.e., Venezuela 2.0.

In all honesty, Ethiopian Airlines is neither the cause nor the solution of current aviation problems in Nigeria. Current scrutiny, backstabbing and animosity instigated by Arik etc. should provide EA enough tell-tale signs to quietly pull out from any deals with Nigeria
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Old September 14th, 2017, 08:21 AM   #2384
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Nigeria is extraordinarily corrupt, yes (as if we're not), but it has immense market potential and it would be virtually negligent for Ethiopian not to pursue it.
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Old September 14th, 2017, 10:49 AM   #2385
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Originally Posted by Yoniii View Post
It's easy to point fingers but I wouldn't be surprised if corruption in Ethiopia is on the same level or worse than Nigeria. They have free media and more transparent and independent institutions. You'll get beat up or worse if you try to investigate politicians in Ethiopia.
Do you honestly think that Ethiopia is corrupt on equal par with Nigeria? Do you think having liberal press stops corruption? China does not have a liberal press and political system but India on the other hand has a liberal political space, which one of the two is corrupt? Liberal democracy in developing countries as a matter of fact exasperates corruption because there are many centers of power in them, as opposed to the single center of power in the so called autocratic ones, so if the state wants to take action on a corrupt politician or business man in a liberally democratic developing country like Nigeria or India , his power base will prevent it ,make it complicated or difficult from doing so, but in a place like China or Ethiopia the state can take action when needed, as it is demonstrated in Ethiopia in recent days.

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What's insane is your suggestion to pull out from one of EA's most profitibale/important destinations.
He did not say "stop flying to Nigeria", he said "stop the dealing with Arak Air to buy it or to manage it.
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Old September 14th, 2017, 01:24 PM   #2386
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Nigeria is extraordinarily corrupt, yes (as if we're not), but it has immense market potential and it would be virtually negligent for Ethiopian not to pursue it.
Even invest the money that they have not been able to repatriate from Nigeria on Arik and put it to good use
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Old September 14th, 2017, 01:40 PM   #2387
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... but in a place like China or Ethiopia the state can take action when needed, as it is demonstrated in Ethiopia in recent days.


As always there are nuances ... people are not stamped in a factory and act the same way in every country, culture and environment. Maybe you should use Rwanda as an example ... the two examples you gave are not really fairing well. If you are a self made business man you would know how corrupt the Ethiopian system is let alone praise it as a corruption fighting country.

Corruption index out of 176:

Rwanda: 50
Mauritius: 50 - democratic with independent press
South Africa: 64 - democratic with independent press
Ghana: 70 - democratic with independent press
China: 79
Ethiopia: 108
Nigeria: 136 - democratic with independent press
Kenya: 145 - democratic with independent press
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Old September 14th, 2017, 01:49 PM   #2388
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Originally Posted by GetLostInET View Post
Even invest the money that they have not been able to repatriate from Nigeria on Arik and put it to good use
I like this idea. two birds, one stone
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Old September 20th, 2017, 11:49 PM   #2389
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LOL ... after all that hoopla over Ethiopian negotiating over Arik air, Tewolde is coming out and point blank denying there were any negotiations this year

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Ethiopian Air Seeks Zambia, Chad and Congo Hubs, But No Arik Bid
By Nizar Manek
September 15, 2017, 5:39 AM PDT

Ethiopian Airlines Enterprise is in talks about founding regional divisions in Zambia and Chad and aims to buy part of the Democratic Republic of Congo’s national operator in a push to consolidate its lead as Africa’s biggest carrier.

An outline plan for a joint-venture airline in Zambia should be signed with the government and private-equity investors in a few weeks, leading to a final agreement by November, Chief Executive Officer Tewolde GebreMariam said in an interview. That will give Ethiopian a new hub in Lusaka serving southern Africa alongside Malawian Airlines, in which it has a stake.

Parallel discussions are underway in Chad for the establishment of a new national carrier there, Tewolde said. Ethiopian also wants to take equity in state-owned Congo Airways, with which it already has a strategic partnership including technical assistance, the CEO said in Addis Ababa, where his company has built up a major hub targeting inter-continental transfer traffic.

While Ethiopian Air is pursuing alliances on several fronts, with Uganda mulling proposals for a joint venture and Equatorial Guinea’s Ceiba Intercontinental a candidate to upgrade a maintenance deal into something bigger, Tewolde said there’s no truth to reports that his company is seeking to buy Arik Air, the largest airline in Nigeria, Africa’s most populous country.

“We haven’t had any discussions and we have not submitted a bid,” the CEO said, adding that while there were talks last year, Arik is now under the control of national receiver Asset Management Corp. of Nigeria. He said he was also unaware of interest in Arik from any other bidders.

Startup Option

Nigeria has separately appointed advisers including Deutsche Lufthansa AG’s consulting arm to evaluate the business case for setting up a new national airline, Reuters reported in May. That plan may provide opportunities for Ethiopian Air in the future, though there have been no talks, Tewolde said. The carrier already has a foothold in West Africa through ASKY Airlines of Togo.

Plans for an airline in South Sudan are on hold given the “very difficult” situation in a country in the fourth year of a civil war, the executive said.

Ethiopian, Africa’s largest airline by revenue, is continuing to evaluate single-aisle jetliner models as it closes in on an order for between 10 and 20 aircraft with 100-plus seats before the end of this year, Tewolde said.

Boeing Co.’s smallest 737 Max 7 is in the running, alongside the Bombardier Inc. C Series, Airbus SE A320 family and Embraer SA’s E195, with the manufacturers continuing to refine their financial pitches. The Bombardier CS100 might be the most suitable plane, with 106 seats, but buying the Canadian jet would mean adding a new type to the fleet, the CEO said.

The U.S. suspension of Export-Import Bank funding may be an issue for Boeing, he said, as might a fraud probe that’s led the U.K. to suspend export credit for Airbus. The European planemaker was able to provide direct funding for 10 A350-900 jets worth more than $3 billion that Ethiopian agreed to buy at the Paris Air Show, Tewolde said.
https://www.bloomberg.com/news/artic...ut-no-arik-bid
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