What are the benefits of Somalia in having business with Ethiopia and Eritrea?

Mogadishu-Landlocked nation in talks with nations to build naval base, Ethiopia to rewrite part of foreign, national security policy, Ethiopia is considering adding a space force to its defense capabilities in a process to modernize the country’s military.
Political and economic reforms, Prime Minister Abiy Ahmed began implementing after coming to power in April. The landlocked Horn of Africa nation, which hasn’t had direct access to the sea from Eritrea seceded a quarter of a century ago, also plans to build a naval base.

“Considering the context of modern warfare, land, air, seas, cyber and space a defense force that can readily meet this context is in the process of being built,” Abiy’s office said in a statement emailed Thursday from the capital, Addis Ababa. Its defense-forces law has been revised to include a navy and “will in future also include Cyber Security and Space Force considerations,” according to the statement.

Ethiopia on the other hand, has also fallen foul of Somalia’s government, most recently, when it signed a port management agreement Berbera

Generally, Government debt as a percent of GDP is used by investors to measure a country’s ability to make future payments on its debt, thus affecting the country borrowing costs The position of Ethiopia, as compared with the rest of the world, has worsened, Recent reports show that capital spending in April–July contracted sharply in annual terms, as the government tries to encourage private enterprise and reduce the role of the state in the economy. This translated into a narrower fiscal deficit, along with a decline in imports and a lower current account deficit, despite a sizable fall in exports—especially on agricultural products and gold.

Meanwhile, there was more good news in the political arena. In mid-October, the government signed a peace deal with rebels in the oil-rich eastern region. Later in the month, parliament approved Sahle-Work Zewde to become the country’s first female president—a further sign of political openness from Prime Minister Abiy Ahmed.

The statistic shows the national debt of Ethiopia from 2012 to 2016, with projections up until 2022. To 2018, the national debt of Ethiopia amounted to around 46.36 billion U.S. dollars.