A White Guy's inconvenient trip to Puntland and Somaliland inspires him to invest and turns into a billionaire Frankincense exporter
- Thread starter Manafesto
- Start date
Can you give me more info? like who is he and what did he do?WTH, why did he have to invest in Somaliland instead of Puntland even though his whole trip to Somalia starred in Bossaso.
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Kool-Aid
VIP
He must have had more fun in SomalilandWTH, why did he have to invest in Somaliland instead of Puntland even though his whole trip to Somalia starred in Bossaso.
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He must have had more fun in Somaliland
I heard the Cadaan flock over there because on fucking street you can not only find prostitute for hire but also you f boys, I bet boys like @Gantaal97 cost less than a dime on the infamous focking street in Hargeisa.
You are playing qabiil politics and this exactly what hold Somalis back. The real question is how did we (Somalis) didnβt came up with this idea and made that money. Foreigners are making bank while people like op are focusing on some unrecognized clan states.WTH, why did he have to invest in Somaliland instead of Puntland even though his whole trip to Somalia started in Bossaso.
Kool-Aid
VIP
These wh*res will make Somaliland into a developed country! If I ever become presidents of Somaliland i'm building statues in there honor.
Odaaiyo laangab Cali Saleeban gaalyo go do something useful for once in your life instead of spending endless time on the net obsessed with us don't ever mention me again nacla waaxatahee waas gaalyo gaalyo dhalayI heard the Cadaan flock over there because on fucking street you can not only find prostitute for hire but also you f boys, I bet boys like @Gantaal97 cost less than a dime on the infamous focking street in Hargeisa.
WTH, why did he have to invest in Somaliland instead of Puntland even though his whole trip to Somalia started in Bossaso.
Odaaiyo laangab Cali Saleeban gaalyo go do something useful for once in your life instead of spending endless time on the net obsessed with us don't ever mention me again nacla waaxatahee waas gaalyo gaalyo dhalay
Why you so emotional Naya? is Deji Ilkacaseey...
Don't call me that gaalyo daayuusyahowWhy you so emotional Naya? is Deji Ilkacaseey...
Bundasliga
VIP
Building hospitals and schools ?
Sounds like Invest hundred thousand getting millions in return with Frankincense
Sounds like Invest hundred thousand getting millions in return with Frankincense
Thugnificent
Father, lover, scholar, landheer
It's mostly marketing. He buys frankincense in SL and turns it to oil in the US. He then bottles it and sells it in a pyramid scheme like structure to cadaan soccer moms. He makes big bucks through marketing. It's either xaram(+300% margins, scam like) or very questionable. Somalis should stick with the legitimate side.
The reason somalis are struggling with the legitimate side of the business is lack of connections in the west and trade barriers. Most westerners like a structured supply chain with guaranteed inventory. That's why they buy mostly from Dubai even though there isn't a single frankincense tree over there.
The one that really fucks us is the trade barriers. Importing frankincense resin and then distilling it in your home country is cheaper then buying the oil in SL or PL. Thats because there's a 20% import tarrif. Frankincense resin costs a few dollars per kilogram but if you turn it into oil it's worth up to 6000 euros per liter. So importing raw and prossesing it domestically is always cheaper.
The only way Somalis will get their fair share of the market is if they form a corporation where the government buys all the frankincense from the farmers and sells it internationally. Somalis produce like 80% of the supply of frankincense so we'd probably dictate the prices.(I probably don't see this happening within the next 50 years because of lack of centralized government/greedy businessman who would sell on the black market then).
On another point if I ever become madaxweyne first thing I'd do is round up all frankincense traders and publicly punish/embarrass them for their slave like practices. I'll make a thread about them in the future kkk.
NordicSomali
VIP
Funding, supply chains, marketing, management, etc...
WTH, why did he have to invest in Somaliland instead of Puntland even though his whole trip to Somalia started in Bossaso.
i will build u schools worth $10,000.00 and i will pocket your resources worth 1 billion. Good deal for white man
The funds he used to build that small hospital in the Sanaag region of PL was most likely donations he collect from donors, so the whole giving back thing he did didn't cost him a thing, anyway good investment with 100% of your profits back and sometimes no taxes can only be found in Somaliland becoz it is corrupt to the obviluon.
Warsangeli in Sanaag also trade Frankincense.WTH, why did he have to invest in Somaliland instead of Puntland even though his whole trip to Somalia started in Bossaso.
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