Somali businesses are actually extremely diverse. It crosses into many different sectors.
You can also see it on how there is many different conglomerates that deal with different things.
moumin.com
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Horseed Group Our Portolio Access webmails here Mail us to start business with us: info@horseedgroup.com Business Units We pride ourselves on a broad range of specialties Learn how we’ve worked to deliver cutting-edge customer-focused solutions. Foodstuffs Industry We make available a wide range...
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There is soo many different conglomerates in Somalia it would take a page and more to list them all i have found.
In Somalia they don't really have corporatism you see in the west they behave more like cooperative enterprises. They are often community driven and collectively owned.
The hotels yall keep rinsing to diminish Somalis with are actually connected to the businesses that range from construction/engineering companies, drilling, plumbing, electricity, real estate and mechanics.
They also deal with micro-financing as well and are connected in turn to banking or financial services.
Hotels much like the expansion of housing and apartments in the city reflects growing demand for accommodations both from locals and expats as the population grows , business increase and middle class expands. You are seeing Hotels and Real Estate on platforms on tiktok more due to advertisement and marketing. It doesn't mean that's the sole business Somalis engage in.
Also i had to educate some of you before even
@cunug3aad
that Somalis are setting up many different factories and manufacturing facilities . He was not aware that Somalis set up a salt manufacturing plant in Galmudug back in 2021 and a business to market the salt products in Mogadishu to distribute across Somalia.
Why dont we make salt on large scale? Seems easy enough of an industry to get into and we got large amount of hot dry land. I am aware of xaafuun which was a tuulo in puuntland that the italians made into a salt factory https://en.wikipedia.org/wiki/Hafun_Salt_Factory But after brits came it...
www.somalispot.com
Mogadishu alone in 2018 had 40 factories and 30 industrial facilities , seeing that Somalia's economy 4x time what it was in 2018 according mobile money transactions of 2023 , manufacturing is probably double that now. Same throughout the rest of the country.
They have things ranging from steel mills, concrete batching, cement productions, pipes/wires, various productions of building materials. Boats production, fabrics, pharmaceuticals, aluminum a bunch of stuff
This is why i told
@Shimbiris that we need better centralized update-able data collection and information on business and industries. It makes many Somalis unaware of the economic activity in their regions or how it operates really and sometimes turn to social media or read nonsense headlines to know more(Somali journalists are awful)