What's Wrong With Somali Business People

[DR OSMAN]

What's wrong with Somali Business people and their brains around business? look at Mogadishu they will spend 1 million on a shiney new 7 storey tower(even tho my mother said the quality of the build is very low standard and if earthquake happened mogadishu is finished), but my dad pointed out to her 1 millionkasi bay 'daar' gelinayan so they try to sell an image of modernity while it sits there not generating a 'cent' for them becuz their not producing products or services, no wealth is being added, it's a dead investment. My dad said they are still primitive brained and only follow what others r doing even if it's wrong.

So what do u guys say? what can we tell the somali business community about this dangerous trend that is developing where we invest but the investment isn't producing any wealth. Is it time we direct them into manufacturing, banking so their loans r making money while allowing other ppl to open businesss and buy properties?

I know what most of u will say 'agriculture' like a typical turd worlder, agriculture is over-supplied globally, prices r constantly low per unit or tonne, investment cost is high and it's a 'seasonal' business model depending on harvest, not a day to day money maker, the value chain is low never seen a farmer labor ppl generating more spending in the market place.

What do we do waryaa we are in this economic curse.

 

[DR OSMAN]

@Libaax-Joore wat do we do this is an economic curse on us on everything we do, not just politics but even our business model is 'inkaar'. @TekNiKo is this siyad curse for the rebellion? war na caafi waryaa, pls represent us to siyad grave for forgiveness.

 

[Libaax-Joore]

@Libaax-Joore wat do we do this is an economic curse on us on everything we do, not just politics but even our business model is 'inkaar'. @TekNiKo is this siyad curse for the rebellion? war na caafi waryaa, pls represent us to siyad grave for forgiveness.

Xurmadle emperor said abdullahi dani is our modern day version of Franklin Delano Roosevelt he will up lift us how Franklin Delano roosevelt up lift the American people during the Great Depression 1929-1939 and lead the United state of America to world war 2 victory 1939-1945

 

[DR OSMAN]

Xurmadle emperor said abdullahi dani is our modern day version of Franklin Delano Roosevelt he will up lift us how Franklin Delano roosevelt up lift the American people during the Great Depression 1929-1939 and lead the United state of America to world war 2 victory 1939-1945

 

[DR OSMAN]

This the son of somalia @Libaax-Joore

 

[DR OSMAN]

Their r so many gifted kids in Somalia who design proto-types of many products but no investor will come and invest in them the materials to create the real product plus the international community take them quickly noticing their talent is 'genetic' and all it needs is 'formalizing', that's how america n the west developed to bring all the world's brain into their countries, before that they were 'disgusting' places and they know that. They always look worldwide for 'genetically' gifted kids and steal them for their country.

@Libaax-Joore why we don't trust our ppl, why we worship other cultures and what they produce? if we dont put respect into our own culture n ppl and invest in them, no-one else will.

Daar layska dhisanayo oo aan waxbo soo saarin waa dead investment for owner, it doesns't generate jobs for locals who can develop income and become a consumer to grow our market. At least with manufacturing u will have a hard asset a building hanti, land plot, plus a product production to generate wealth daily.

@Erythrean wat u think of this shit?

 

[Inquisitive_]

What's wrong with Somali Business people and their brains around business? look at Mogadishu they will spend 1 million on a shiney new 7 storey tower(even tho my mother said the quality of the build is very low standard and if earthquake happened mogadishu is finished), but my dad pointed out to her 1 millionkasi bay 'daar' gelinayan so they try to sell an image of modernity while it sits there not generating a 'cent' for them becuz their not producing products or services, no wealth is being added, it's a dead investment. My dad said they are still primitive brained and only follow what others r doing even if it's wrong.

So what do u guys say? what can we tell the somali business community about this dangerous trend that is developing where we invest but the investment isn't producing any wealth. Is it time we direct them into manufacturing, banking so their loans r making money while allowing other ppl to open businesss and buy properties?

I know what most of u will say 'agriculture' like a typical turd worlder, agriculture is over-supplied globally, prices r constantly low per unit or tonne, investment cost is high and it's a 'seasonal' business model depending on harvest, not a day to day money maker, the value chain is low never seen a farmer labor ppl generating more spending in the market place.

What do we do waryaa we are in this economic curse.

Agriculture is the foundation, then cheap energy, manufacturing and at the top is Tech.

There is no skipping that order, every developed nation is self sufficient food production wise and the biggest tariffs are placed their, if your not, your toast especially in a world that is turning towards deglobalization.

Germans became a power house because of cheap energy from Russia, the other Europeans could not compete with them.

In Somalia you have none of that, can't even sell ice cream as the cost of energy alone decimates whatever profit you made.

There is a reason why they all build hotels, restaurants and cafeteria, it's quick money with the least amount of Investment + its status symbol for these xoolo.

Your people are malnourished, deformed and brain-dead because of a lack of nutrition despite sitting on so much fertile land, always flirting with famine, the investment cost is far less then what you think just to be self sufficient, all that is required is the will and right policies, this is the easiest problem to solve.

 

[Inquisitive_]

Their r so many gifted kids in Somalia who design proto-types of many products but no investor will come and invest in them the materials to create the real product plus the international community take them quickly noticing their talent is 'genetic' and all it needs is 'formalizing', that's how america n the west developed to bring all the world's brain into their countries, before that they were 'disgusting' places and they know that. They always look worldwide for 'genetically' gifted kids and steal them for their country.

@Libaax-Joore why we don't trust our ppl, why we worship other cultures and what they produce? if we dont put respect into our own culture n ppl and invest in them, no-one else will.

Daar layska dhisanayo oo aan waxbo soo saarin waa dead investment for owner, it doesns't generate jobs for locals who can develop income and become a consumer to grow our market. At least with manufacturing u will have a hard asset a building hanti, land plot, plus a product production to generate wealth daily.

@Erythrean wat u think of this shit?

The second building block before manufacturing is cheap energy, currently in Somalia, the cost of energy is the highest in the world.

No sane person would ever invest or build a manufacturing plant, makes no sense if you crunch the numbers, you will go broke very quickly before you even employ someone.

Solar/wind farms with exclusive manufacturing districts/zones is the way to go, but good luck bribing officials, tribal chiefs and the hordes of mooriyaan on top of securing that place.

The biggest obstacle is security, cleansing the khawariij and moriyaans from Somalia, the very worst of our people are the ones that are armed.

The above requires a serious investment and it's not something the average millionaire can do by himself, it has to be a collective thing or government sponsored.

 

[nanat]

@Libaax-Joore wat do we do this is an economic curse on us on everything we do, not just politics but even our business model is 'inkaar'. @TekNiKo is this siyad curse for the rebellion? war na caafi waryaa, pls represent us to siyad grave for forgiveness.

I also observed a lot of wasted investment in Somalia.
Ganacsato with large capital collect millions and they'll just decide to build a hotel/restaurant, an Appartment or ugly mall, without even doing a proper market research.
They'll just make decisions based on their feelings.
Maybe there's a need for services that are usually done by investment firms & banks in the West such as market research, evaluation, financial advisers, planners.
These Somali businessman are not up to date with the current economy.
There tons of other industries that'll generate way more money than these hotels, restaurants, malls, useless universities.
We really need qualified business advisors, industry researchers, market researchers, planners services in Somalia.

 

[Dima&Damo]

Their r so many gifted kids in Somalia who design proto-types of many products but no investor will come and invest in them the materials to create the real product plus the international community take them quickly noticing their talent is 'genetic' and all it needs is 'formalizing', that's how america n the west developed to bring all the world's brain into their countries, before that they were 'disgusting' places and they know that. They always look worldwide for 'genetically' gifted kids and steal them for their country.

@Libaax-Joore why we don't trust our ppl, why we worship other cultures and what they produce? if we dont put respect into our own culture n ppl and invest in them, no-one else will.

Daar layska dhisanayo oo aan waxbo soo saarin waa dead investment for owner, it doesns't generate jobs for locals who can develop income and become a consumer to grow our market. At least with manufacturing u will have a hard asset a building hanti, land plot, plus a product production to generate wealth daily.

@Erythrean wat u think of this shit?

The old generation of somalis don't trust the youth the same dudes from the kacaan/90s war/terrorist 00s are still there all we can do is wait for their demise

 

[DR OSMAN]

Agriculture is the foundation, then cheap energy, manufacturing and at the top is Tech.

There is no skipping that order, every developed nation is self sufficient food production wise and the biggest tariffs are placed their, if your not, your toast especially in a world that is turning towards deglobalization.

Germans became a power house because of cheap energy from Russia, the other Europeans could not compete with them.

In Somalia you have none of that, can't even sell ice cream as the cost of energy alone decimates whatever profit you made.

There is a reason why they all build hotels, restaurants and cafeteria, it's quick money with the least amount of Investment + its status symbol for these xoolo.

Your people are malnourished, deformed and brain-dead because of a lack of nutrition despite sitting on so much fertile land, always flirting with famine, the investment cost is far less then what you think just to be self sufficient, all that is required is the will and right policies, this is the easiest problem to solve.

What's your views on this 'daar' business model happening, it's doesn't produce nothing and actually costs to operate and maintain, so their already in a day to day negative losses, plus their not making money from it.

They all think the 'renting' model to international community is their production value. No I.C is coming. Nairobi has done this model and their whole economy is 'aid dependent' still, it's not creating a workforce, it's not targetting a large consumer base overseas with their goods. It's siyad barre last words to the nation wuxu ka tagay Dal kama usan tagin Dad.

I see a nation but not humans, everything they touch turns to a curse @TekNiKo

 

[Inquisitive_]

What's your views on this 'daar' business model happening, it's doesn't produce nothing and actually costs to operate and maintain, so their already in a day to day negative losses, plus their not making money from it.

They all think the 'renting' model to international community is their production value. No I.C is coming. Nairobi has done this model and their whole economy is 'aid dependent' still, it's not creating a workforce, it's not targetting a large consumer base overseas with their goods. It's siyad barre last words to the nation wuxu ka tagay Dal kama usan tagin Dad.

I see a nation but not humans, everything they touch turns to a curse @TekNiKo

Most of these buildings have solar so the cost from an energy standpoint is not so much.

I don't think it's smart but what else can they do with that money to make money? The options are small and what I discussed before is outside of there means, only dahabshiil and hormuud are capable of it or some other collective group coming together.

That requires a vision and a long-term outlook and you know that generation doesn't think that deep and to be honest neither do we.

 

[DR OSMAN]

I also observed a lot of wasted investment in Somalia.
Ganacsato with large capital collect millions and they'll just decide to build a hotel/restaurant, an Appartment or ugly mall, without even doing a proper market research.
They'll just make decisions based on their feelings.
Maybe there's a need for services that are usually done by investment firms & banks in the West such as market research, evaluation, financial advisers, planners.
These Somali businessman are not up to date with the current economy.
There tons of other industries that'll generate way more money than these hotels, restaurants, malls, useless universities.
We really need qualified business advisors, industry researchers, market researchers, planners services in Somalia.

Great idea bro, this wud be a legitimate and useful business player among our service industry providing useful intel to business ppl, govt, and generating jobs for locals directly and indirectly(thru their advice on how to maximize their investment capital, lower their operating cost, get the best product/goods/services return as possible and ensure the investment value chain remains locally in the nation not abroad)

 

[DR OSMAN]

Most of these buildings have solar so the cost from an energy standpoint is not so much.

I don't think it's smart but what else can they do with that money to make money? The options are small and what I discussed before is outside of there means, only dahabshiil and hormuud are capable of it or some other collective group coming together.

That requires a vision and a long-term outlook and you know that generation doesn't think that deep and to be honest neither do we.

The pattern I noticed is to get as far away from the natural resource base( mining/trucking/shipping of raw materials and be in the middle or top tier of the investment value chain.

Top tier is 'intelligence sector of academics, equipment makers' which is unlikely, middle tier is 'processing and crafting raw resource and owning the final product wholesale value', u get it cheap unprocessed and then u take the largest portion of the product value. Like congo diamond, buy it cheap unprocessed, and invest into warehouses for the processing and wholesale it locally and overseas. Plus this is 'long term product' it can be stored and not 'expire' or be 'season' dependent

 

[DR OSMAN]

@Inquisitive_ I know u don't like banking model due to ribbah but it's unavoidable as the whole world is doing it, it's like saying we will stop medicine cuz it contains alcohol. It's unavoidable.

Banking is the most critical infrastructure to a market place, if it's not there, the locals have no way to seek loans for their business ideas, plus it provides a useful service to the economy as bankers will do deep risk analysis on the loan and what your investing in and working out the 'benefit to risk ratio' which means their scanning the market to ensure your not investing into something that has low odds or high risk.

Plus the growth in 'fees' the bank will get will increase their capital wealth while others r eating to by setting up businesses. Everyone wins

Collateral is always needed so locals need to put something of value that's worth the loan given in-case they default on repayments.

 

[DR OSMAN]

@Inquisitive_ as for energy remember it's not the 'price' of it that matters only which is important I know, ppl forget 'reliability' and 'outages' due to a low capacity back-end, this mean down-time in production and if this adds up, it can cripple u over the long-run. U don't want to lose 5 hours a day for 365 days a year to power outages, that's 1825(76 days) hours of potential products n goods that could've been made n processed for market. Plus ur customers n partners who use your goods or products will see u effecting their value chain.

That's why I suggested creating 'residential' area n keep them on residential power but create an industrial zone where their connected to enough energy to do their business function.

 

[nanat]

Another key problem in Somalia is land, we really need a Land reformation policy.
No investors local or foreigner will feel save to invest in a land owned by clans.
Each clan has millions of people, so if you build a factory somewhere in Somalia the Land that your factory sits is now owned by a clan, you're just a secondary owner.
There's no problem with clans owning the land or claiming to own.
The problem is how unreliable & unregulated these clan ownerships are.
They'll say we owned this land a few years later there comes a bunch of odayaal from another clan with a 100% authentic Sabarloog showing they owned the Land you were sold by the other Clan.
So to avoid this we either need to make all the land to be a property of the State or at least make half of Somalia's entire land fall under the ownership of the federal government & federal States, at least these two have laws, rules, regulations they'll have to adhere to, unlike oday qabiileed.
To avoid the federal government or federal States misusing this system, we should make a law that says the only requirement that an investor needs is to have the required capital, 2. no environmental issues with his planned project.

At the moment so many people with money are afraid to invest their money in other regions/towns where their clan doesn't live or dominate.
Land reformation policy would solve this issue

 

[nanat]

@Inquisitive_ I know u don't like banking model due to ribbah but it's unavoidable as the whole world is doing it, it's like saying we will stop medicine cuz it contains alcohol. It's unavoidable.

Banking is the most critical infrastructure to a market place, if it's not there, the locals have no way to seek loans for their business ideas, plus it provides a useful service to the economy as bankers will do deep risk analysis on the loan and what your investing in and working out the 'benefit to risk ratio' which means their scanning the market to ensure your not investing into something that has low odds or high risk.

Plus the growth in 'fees' the bank will get will increase their capital wealth while others r eating to by setting up businesses. Everyone wins

Collateral is always needed so locals need to put something of value that's worth the loan given in-case they default on repayments.

Only stupid people will think they can develop a country without a banking sector.
Banks are the engines of modern economy.
How can you avoid recession, inflation, market crush, los of foreign reserve without banks?
Banks in this age are a must or else the result will be staying in our current chaotic situation forever.
Even Saudi Arabia, Qatar, Bahrain have Banks.
You can't avoid Banks.
You can use the interest money or some part of it as a Sadaqah, to help poor communities.

 

[DR OSMAN]

@Inquisitive_ PL has road inspector agency to make sure infrastructure is built to standard, but no-one has the same for businness or manufacturing, u can scam someone once with low quality product or service but they will never use again thus u go bankrupt, china is learning from this and reforming it's business practises as it doesn't foster wealth development over long periods of time. So this is another area which the govt or an agency needs to have power n control over in the market, as it will hurt them as taxes will reduce when businesses go broke.

 

[DR OSMAN]

Another key problem in Somalia is land, we really need a Land reformation policy.
No investors local or foreigner will feel save to invest in a land owned by clans.
Each clan has millions of people, so if you build a factory somewhere in Somalia the Land that your factory sits is now owned by a clan, you're just a secondary owner.
There's no problem with clans owning the land or claiming to own.
The problem is how unreliable & unregulated these clan ownerships are.
They'll say we owned this land a few years later there comes a bunch of odayaal from another clan with a 100% authentic Sabarloog showing they owned the Land you were sold by the other Clan.
So to avoid this we either need to make all the land to be a property of the State or at least make half of Somalia's entire land fall under the ownership of the federal government & federal States, at least these two have laws, rules, regulations they'll have to adhere to, unlike oday qabiileed.
To avoid the federal government or federal States misusing this system, we should make a law that says the only requirement that an investor needs is to have the required capital, 2. no environmental issues with his planned project.

At the moment so many people with money are afraid to invest their money in other regions/towns where their clan doesn't live or dominate.
Land reformation policy would solve this issue

When u say no environmental rule, they can create as much commercial waste? well how we going to sustain ourselves if the environment is gone