I’m not tryna be pessimistic but water electricity and telecom is big business. I know for a fact the telecom market is dominated by 1 company and as for electricity it requires too much capital for the infrastructure. What I’m saying is for the average abdi unless your loaded it’s hard to get in
Also until Somalia is secure I wouldn’t risk investing in big business, they are vulnerable to attacks unless you know someone in the government if you catch my drift
how stable is banking if foreign countries can freeze assets belonging to somali banks
I am not going to solely own the infrastructure like port, roads, electricity, water, telecom are big meal tickets, they are slow returning assets, but it's safe, it doesn't get any safer then investing into necessities of urban life, rather then luxuries, most spending will happen around basic utilities, most business activity will happen around ports and roads. So I didn't say I was going to build it all myself, but I would contribute 50k towards such a promising industry.
I will have 5 main portfolios. Possibly more when I see new 'strategies' because it's not about businesses, it's about strategy u need to develop and qorsho before u even begin investing or your 'trial n error' will cost u money.
1. Land plots in future political capitals, get in early, hold it, slowly sub-divide plots when the timing is right.
2. Electricity/Water/Port/Airport/Roads if these are privitized by the govt like some are like Garacad port, Electricity, Water is also I will jump in and place a good portion of my cash into it. The only thing that isn't privatized is roads and airports and that may change in the future. I will also be eyeing these future money makers in emerging regional govt capitals when they get their shit together.
3. Fast returning business as a short-term goal of collecting cash quickly
4. Offloading a certain portion of my cash into offshore interest based accounts so it can grow also there.
5. The one I am eyeing the most and where I place a considerable amount of wealth will be the banks, especially commercialized banking based on interest, as long as the govt regulates out the informal black market ones, we will own the loans industry for all the nation or state. If the govt has the right policy of course of creating a middle class thru labour laws and rights and wages that are in-line with realistic probability of a new middle class.
I am very interested in 'machinery' as I think that is the 'gap' in Somalia where I can dominate, cut down on labor costs, and deliver quicker products then standard businesses. I will definitely be eyeing any sector opportunity where machinery is involved and how I can out-do local production on time,cost, and product delivery.