RE:RE:Update... Political Instability; Conflict—Although Ethiopia boasts a multi-party democracy, with the current government elected into power in 2010,
the country has a history of political instability. Furthermore, the country has a history of conflict with some of its neighbours, particularly
Eritrea. Any political instability or renewed conflict would have a negative impact on Allana’s ability to operate in the region, as well as its
share price.
Reliance on Djibouti—Given Ethiopia’s sour relations with Eritrea, and the land-locked nature of the country, Allana’s project relies on
export from a port in neighbouring Djibouti. Despite being highly dependent on trade with Ethiopia, there is the risk that Djibouti could
impose a transit tax on potash shipments. This would alter our forecasts. Furthermore, if relations were to sour between the two
countries, there is the risk that transit could be cut off.
HMMMMMM eh Bashertrasher............a transit tax on potash shipments(80% of the potash produced is already spoken for at a reduced discount)
https://www.marketonemediagroup.com/wp-content/uploads/2014/04/RJ-AAA-and-ICL-Feb122014.pdf