Why are they allowing Turks to take over every industry.

[scarecrow]

I'm all for international investment but i think we should learn from our African counterparts, they've allowed foreigners to come and invest in basic developments, leaving the economy in tatters, the 'take take and give nothing' strategy, taking advantage of our ignorance and lack of creativity.

We can have somali brands selling somali owned products, is there really a need for a turkish furniture company in mogadishu? All it will do is take business away from the somali hooyos who have been in this business.

I also think there is major corruption as turkish owned port will properly give turkish imports into mogadishu some real good incentives.

The biggest hotel in xamar is turkish. WTF!

The people in xamar need to understand you don't need turkish companies which are far more advanced and at an advantage to come and run a monopoly in the place, it's devastating for the economy. It's turkish made, turkish imported, and only Turks will benefit all that money spent on those products will not stay in our economy.

 

[Manafesto]

Unfortunately the south and Mogdishu has been a Turkish controlled colony for a decade now, they took over all the major money makers the government was supposed to collect tax form such us the Mogadishu port and airport, they fish on our sea illegally and now the Turkish dictator is trying to secure and rob our natural resource, they are sucking us dry and we have ignorant Somalis praising them and see them as a savoir.

 

[DR OSMAN]

@scarecrow the great thing about that is, none of mogadishu foreign investors will be calculated as the GDP of Mogadishu, it will be calculated for that nation, it's their foreign capital which reports back to their home country. Mogadishu is foreign investor paradise who loots their customer money and invests back in Turkey. Only a Hawiye can think this is wise. U talk about natural resource theft, wat about FDI theft of industries.

I would make a law that any FDI in PL requires private investor joint partnership so at least we are getting something from it locally for our GDP.

 

[GemState]

It's not Turks monopolizing industries, but Somalis. Every sector in Somalia is basically controlled by a few families.

Look at Somali owned companies such as Hormuud, Golis, Dahabshiil, etc, that is the very definition of a monopoly.

 

[DR OSMAN]

It's not Turks monopolizing industries, but Somalis. Every sector in Somalia is basically controlled by a few families.

Look at Somali owned companies such as Hormuud, Golis, Dahabshiil, etc, that is the very definition of a monopoly.

Waryaa your biggest hotel is stealing your diaspora and international visitor money and all u get from it is low paying jobs like cleaner and security guard while high end jobs go to turkish workers who will build a house in turkey from your market place lol. Wallahi they will hire turks to do any job that is expensive and give the locals the work that turks don't want. What's worse is, you call him your brother lol, his not your brother waryaa, he is your pimp. Enslaved mind.

He owns your port and takes 45% of that earnings to turkey, same with your airport and then steals your hotel industry by creating an up-scale hotel where international vistors will dump their dollars into, while u say 'walalaheena turkiga'. You lot are mess without darod, u will be conquered within a few decades

 

[GemState]

Waryaa your biggest hotel is stealing your diaspora and international visitor money and all u get from it is low paying jobs like cleaner and security guard while high end jobs go to turkish workers who will build a house in turkey from your market place lol. Wallahi they will hire turks to do any job that is expensive and give the locals the work that turks don't want. What's worse is, you call him your brother lol, his not your brother waryaa, he is your pimp. Enslaved mind.

He owns your port and takes 45% of that earnings to turkey, same with your airport and then steals your hotel industry by creating an up-scale hotel where international vistors will dump their dollars into, while u say 'walalaheena turkiga'. You lot are mess without darod, u will be conquered within a few decades

Worrying about Xamar when DP World is straight-up refusing to renovate Bosaso Port, amazing

Turks aren't angels, but they are a far better alternative to the Gulf States

 

[DR OSMAN]

Damn turks are doing well in Mogadishu

45% of the airport/port in Mogadishu plus the most up-scale hotel in Mogadishu which will take also the upscale customer market be it foreign/govt/local. 45% of port taxes alone is a few million a month over 20 year contract is quite healthy returns for not doing much.

He hasn't even dumped a cent into port investment lol to make matters worse lol, at least then you can say u got something back for losing so much revenues. The only thing they build was a terminal that cost 5 million. 5 million investment for 3 million a month for 20 years, damn what a pimp session that was, you are so cheap wallahi. For 5 million investment u signed away 20 years of slavery to turks. 20 years x 40 million a year. That is nearly 1 billion dollars all for what just 5 million down investment.

Waryaa afkaga ka leexi majerten, we are not stupid like you hawiye where we get robbed 1 billion over 20 years for 5 million terminal investment, dagaal ba dhici laha in PL

 

[DR OSMAN]

@GemState watch majerten fiery response. @Jablibax loves u but not us Nugaalis, we hate u wallahi. Jama Ali Jama loved u but not us

 

[DR OSMAN]

@GemState u lost 1 billion just thru the airport over 20 years and all u got back is 5 million terminal, 5 million investment over 20 years. That is 250k a year, 250k/12 months is 20k a month. While he takes 3 million a month, all u made was 20k a month, and his pocket is filled up with 3 million a month. Let's not forget that he owns all your hospitals and dominates the health-sector. He owns all your roads and does the road projects.

You are just a nijas to them. How can one nation dominate your road contracts, hospital, hotels, airport, and port? The only thing left is water/telecoms/electricity/construction companies are u going to sell that to him also? i am sure u will, cause your a futo qaawan. @scarecrow the only thing left in Mogadishu is construction companies/telecoms/water/electricity and this maybe gone with turkish telecoms coming soon and turkish electricity providers and water providers. They are taking all the key industries that are considered infrastructure. Then they will ensure all products in mogadishu are bought from turkey manufacturers lol, these are 'mean ass pimp daddies' and the biij is always hawiye.

I can't wait till turkish cooperation farmers are sold prime land in the south to dominate the agriculture sector with the southy losing another industry lol, it's a matter of time before those big ass machinery from turks are told to supply the vegetable/fruit market of Mogadishu

 

[GemState]

Damn turks are doing well in Mogadishu

45% of the airport/port in Mogadishu plus the most up-scale hotel in Mogadishu which will take also the upscale customer market be it foreign/govt/local. 45% of port taxes alone is a few million a month over 20 year contract is quite healthy returns for not doing much.

He hasn't even dumped a cent into port investment lol to make matters worse lol, at least then you can say u got something back for losing so much revenues. The only thing they build was a terminal that cost 5 million. 5 million investment for 3 million a month for 20 years, damn what a pimp session that was, you are so cheap wallahi. For 5 million investment u signed away 20 years of slavery to turks. 20 years x 40 million a year. That is nearly 1 billion dollars all for what just 5 million down investment.

Waryaa afkaga ka leexi majerten, we are not stupid like you hawiye where we get robbed 1 billion over 20 years for 5 million terminal investment, dagaal ba dhici laha in PL

Amazed at the xaar you just posted, firstly the bulk of the 45% of the revenue that the Turks get is re-invested in the seaport, where you got the idea that they invested only $5 million into the port I will never know. Furthermore, a new arrangement was reached with the firm, their lease over the port got reduced and now they have to invest $50 million over 5 years.

At the very least the port in Xamar was renovated and modernized with its revenues increased, now answer my question:

Why is DP World refusing to renovate Bosaso Port?

 

[DR OSMAN]

@scarecrow finally you noticed what I noticed a long time ago but no-one cared to listen. Mogadishu is losing every industry to Turks. From hospitals/airports/ports/road tenders/hotel industry. They are now going to get the govt to sign away 'farm lands' to Turks who will come in and 'mass produce vegetables and fruits' meaning all southy farmers will start crying 'shaqo ma haysano' lol. Then they will dominate the water sector by saying 'clean turkish treated water' and the southy will be outplayed again same with electricity. Yes good u noticed this waryaa, it's scary stuff what is happening in Mogadishu a people who don't control their own market is what is emerging, economic colonialism

 

[scarecrow]

Unfortunately the south and Mogdishu has been a Turkish controlled colony for a decade now, they took over all the major money makers the government was supposed to collect tax form such us the Mogadishu port and airport, they fish on our sea illegally and now the Turkish dictator is trying to secure and rob our natural resource, they are sucking us dry and we have ignorant Somalis praising them and see them as a savoir.

What's wrong with the government though! Doesn't take a rocket scientist to see the turks for what they are?

We can let them in by all means but regulate what foreigners can and cannot invest in!

Foreigners should not be allowed to own more than 50% of a company and 95% of the workforce should be locals, they should also source and utilise local produce as well give training to locals so it will become 100% local staff in the end.

 

[DR OSMAN]

Amazed at the xaar you just posted, firstly the bulk of the 45% of the revenue that the Turks get is re-invested in the seaport, where you got the idea that they invested only $5 million into the port I will never know. Furthermore, a new arrangement was reached with the firm, their lease over the port got reduced and now they have to invest $50 million over 5 years.

At the very least the port in Xamar was renovated and modernized with its revenues increased, now answer my question:

Why is DP World refusing to renovate Bosaso Port?

Kulaha Mogadishu port is renovated, where waryaa? increased revenues means nothing when 50% of it is signed away to turks for 20 years. Nothing has been renovated in Mogadishu port

 

[DR OSMAN]

What's wrong with the government though! Doesn't take a rocket scientist to see the turks for what they are?

We can let them in by all means but regulate what forgeiners can and cannot invest in!

Foreigners should not be allowed to own more than 50% of a company and 95% of the workforce should be locals, they should also source and utilise local produce as well give training to locals so it will become 100% local staff in the end.

Don't let @Teeri-Alpha the free market capitalist hear that sort of regulation, he will cry 'communism' and 'govt controls' don't work and investors will run away, but he also fails to see how an unregulated market place only leads to locals losing their only industries to economic colonialists.

 

[DR OSMAN]

@scarecrow that's why I die by the principle of banking. At least with banking u eventually own it, but in FDI and Charity, you are forever dependent. It's better being dependent over 20 years and walking away with an asset, then to sit there for 20 years waiting for charity or foreign investors. If we had access to banks this will only mean paying off the capital plus profit margins over a duration of time and then it's all yours. It leads to your own freedom and some sort of hard asset to pass down. This cannot be said of charity or remittance or grants or whatever nonsense they call it, it creates dependence and thru dependence u r never free. I argue the same with FDI with majority of the benefit aligned to the investors and their countries who will benefit the most either directly thru employment or thru supplier chains.

I congratulate Kheyre for working hard on this matter to open up the banking institutions to Somalia, it's a very wise policy that we gain access to the capital and invest ourselves rather then have someone else invest and then revenue share over 20 years. That cost of upgrading the port let's say is 200 million. It's better going to a bank and getting the 200 million with a 3% interest then to sit there and share half your revenues for 20 years for the same 200 million investment. Islamic banking promotes profit/loss sharing which is insane which is identical to FDI principles.

At least then you lose only 3% on the 200 million over 20 years which is 6 million profit margin to the bank over 20 years. That is 300k lost a year, surely losing 25k a month to service your loan each month to a bank is better then revenue sharing 3 million a month over 20 years to Foreign investors. That's 40 million lost each year compared to 300k lost by going thru bank loan route.

At least then your industries also benefit thru the supply chains locally, employment of your locals benefit. FDI and Loans, I would go with Loans anydays of the week. Infact I would make investors compete with why can't I just get a loan and pay back 6 million over 20 years, rather then lose 40 million a year for what is essentially the same 'investment of 200 million'.

As usual @teeri won't respond what his economic reasoning is for FDI over Loans

 

[DR OSMAN]

Waryaa @Teeri-Alpha get in here we having an economic discussion on FDI vs Loans vs Charity. Your input would be highly appreciated as your the economist by trade in here.

 

[scarecrow]

@scarecrow finally you noticed what I noticed a long time ago but no-one cared to listen. Mogadishu is losing every industry to Turks. From hospitals/airports/ports/road tenders/hotel industry. They are now going to get the govt to sign away 'farm lands' to Turks who will come in and 'mass produce vegetables and fruits' meaning all southy farmers will start crying 'shaqo ma haysano' lol. Then they will dominate the water sector by saying 'clean turkish treated water' and the southy will be outplayed again same with electricity. Yes good u noticed this waryaa, it's scary stuff what is happening in Mogadishu a people who don't control their own market is what is emerging, economic colonialism

Ofcourse they'll take everything this is just the beginning. Somalia is underdeveloped and there are plenty of opportunities and every sector is hardly touched.

They know somalia is on the rise and the turks are smart they're taking advantage of a bad situation with a weak powerless government corrupt qabilists politicians same story across Africa.

I would like to think we're different but 30 years of anarchy has meant we become slaves to yet another foreigner nation.

What I want to know is why isn't anyone talking about this? Is it a taboo topic to mention turkey the new colonialists.

 

[DR OSMAN]

@GemState Bosaso port haka daba wareegin, why you think all it's agreements are in secrecy and not before parliament, becuz it would cause an absolute outrage if Bosaso port gets the same deal like Mogadishu. Shit we are mad that we are losing prime fishery products to foreigner trawllers, u think we will allow such trawllers to dominate our market also? maskin ba tahay oo aan waxba ka ogayn aduunka oo manta dhar ana ku xiray 200 years ago

 

[0117]

Erdoğan allied corrupt business groups are exploiting Somalia under the guise of Humanitarian support.You shouldn't use this as example to score a point against FDI.The Mogadishu port is day light robbery and looking at the details of the deal one can conclude that the country is being sold off.This comes quite a shock with how the gov reacted to the Berbera deal

 

[Ras]

Only the Turks have enough clout to run businesses in Somalia.

Anyone else that tries to compete with the warlords who run Somalia's monopolies would end up as shark food.

The next government needs to protect the future entrepreneurs because otherwise we'll end up with a stagnant economy ran by the status quo or foreigners who made a deal with the warlords.