They only found this oil in 2 blocks. There are 13 more blocks left.20 billion is the 6th largest? Lol
I think he meant barrels.20 billion is the 6th largest? Lol
Doubt. Think about it, a nation can't magically grow and prosper due to getting a huge amount of money over night. Depends on the country and its history. The Somalia Project has been a rough path to walk on. A democracy with 1m1v, equality, and anti-tribalist society within this century? Maybe. Unlikely tho.
But the figures ive seen elsewhere varies, it ranges from 70%, 81%, 85% to 90%. Somalia is almost a cashless society only few percentage points until it's totally driven by digital payment, it if it isn't already.
It actually shows you how high trust the society is. It fits with what Japanese American author Francis Fukuyama said and i believe it perfectly describes Somali society.
Trust: Social Virtues and Creation of Prosperity, in which he describes "the ability of various peoples to organize effectively for commercial purposes without relying on blood ties or government intervention".
It actually shows you that Somalia is not a tribal based society because tribal society or kinship based society is a low trust one. It does not extend beyond their immediate family
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You can also see the low rates of homicide , robbery and general everyday street crime amongst Somali society in general, is typical of high trust society like Japan for example.
You need to have a incredibly high amounts of trust to be dealing with eachother through mobile money. When you're dealing through mobile money especially in a context where there's limited consumer protection, no strong regulatory safety nets, and very few formal dispute resolution mechanisms every transaction is, in a way, a vote of confidence.
That’s not something that works in a low-trust environment. If people were constantly afraid of being cheated, if there wasn’t community-level accountability, or if social cohesion were weak, the system would fall apart.
I would personally call Somali society a segmentary cooperative high trust society that bridges bonds with national-scale collaboration.
Just like Japan is family-centric without being nepotistic, Somalia is clan-structured without being destructively tribal in its everyday economy and social behavior.
The proof is in the mobile money, the national business ecosystem, and the low crime rates Somalis trust each other far beyond their clans, making them a modern, resilient, high-trust society in practice, not just theory.
I hope the public sector picks up the slack eventually since local Somalis can't do everything.I like his optimism and excitement he has for Somalia's potential future. It goes to show there are Muslims out there that feel passionate at thought of other Muslims succeeding. But i certainly do wish it was 70% to Somalia and 30% to Turkey. Sigh....
The only thing we can do is wait and cross our fingers that the parliament don't fold on this and that it will lead to a better deal.
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Somalia’s Parliamentary Committee Opposes Secretive Oil Deal With Turkey
Somalia’s Parliamentary Committee Opposes Secretive Oil Deal With Turkeywww.garoweonline.com
Somalia socio-economically already operates as a non-tribal society. You can clearly see this in the national business eco-system. It's always operated like a cooperative, non-tribalist society historically speaking.
This is something i shared in private conversation:
What i would actually call Somali society:
The simple fact that there is highly robust, strong and functional private sector that can function without government intervention cross regional, cross communally means Somalia is not a tribal society.
The Public sector however doesn't reflect that especially in the FGS because rather than being local oriented cooperative one, its been hijacked by foreign political actors and it's rendered depended and weak. So they don't even answer to Somalis. They answer to their foreign handlers.
If the central government operated like the ICU or the Kacaan, how the resource wealth would be handled would be dramatically different because they answered directly to the Somali people, so protecting the country's long term interest would take precedence.
Why didn't the Turkish owners develop the airports drainage system? No accountability with Turkish firms in south Somalia.
I hope the public sector picks up the slack eventually since local Somalis can't do everything.
Venezuela is sanctioned for their commie policies. And brutally cracking down on its people. Otherwise they’d be living luxuriously.Having huge amount of natural gas and oil doesn't mean you will be rich instantly.
A wise venezuelan man.![]()
In order for that to happen. FGS would have to survive without getting defeated by AS. Which seemingly they had hard time surviving in aaden yabaal. Considering their 3k soldiers got routed by 250 AS troops. Otherwise i fully agreeIf more Somalis stepped back and assessed the full political-economic picture, they’d realize we’re in a better position than at any time since 1960. Western powers are disengaging, Ethiopia is struggling internally, and even AMISOM can’t secure stable funding.
In order for that to happen. FGS would have to survive without getting defeated by AS. Which seemingly they had hard time surviving in aaden yabaal. Considering their 3k soldiers got routed by 250 AS troops. Otherwise i fully agree
Extremists can never take over. They either face stiff resistant from the locals as they have zero legitimacy because they operate with a foreign imported ideology that is out of sink with Somali societal and cultural norms.
There is a reason why ISIS are all foreigners isolated in some desolate mountain and why most of AS recruits are foreigners.
When AS became an Al-Qaida affiliate , it purged most of it's local membership
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The biggest strength of Al-Shabaab is that it presents itself as an alternative to the corrupt FGS.
The biggest strength of the FGS is that it is the only internationally recognized government.
Somalis need their own nationalist inclusive movement to counter both narratives. The private sector is already independent of both Al-Shabaab and the FGS. Business leaders and communities must organize neutral zones that operate outside the influence of both groups.
Where money flows freely, governance can emerge. For example encourage business hubs and communities to self-govern, rejecting both extremist and foreign-backed policies.
Create “no-conflict zones” where Somali businesses, elders, and youth build independent governance.
Strengthen economic networks that bypass both the FGS and Al-Shabaab taxation.
The economy is already Somali-led now governance must follow.
Time will tell. Amisom is packing up and leaving by summer. Since they’re swimming in debt. Qatar is planning on conference for donors the end of this month. US jumped ship we just have to hope EU does aswell. Also Idlina that would require for Somalis to have will to fight. We’ve not seen the will to form groups. Nor the will to fight. I could care less about PL. Southerners have to have will to fight.If the FGS and Amisom is removed and replaced with a local alternative , then Somalis will be able to defeat AS easily. You can look at how Puntland easily took out Daesh without any outside financial support.
AS can't even capture areas within Ogaden , Somaliland and Puntland. Even though AL-Qaida sleeper cells probably existed in Somalia since the 70s at the earliest and 90s at the latest , they never got a solid foot in until 2007 where they exploited the weakening of local resistance and leadership after the US backed Ethiopian invasion to nest themselves by exploiting that security gap. They are sustained purely from those very circumstances that created .that oppurtunity.
And IS did something similar in so far as they exploited the security gap created by geography and limited resources to nest themselves into caves in desolate mountains.
I explain it further here: