An Exciting New Business Just Opened in Mogdishu
- Thread starter EainA2
- Start date
Espaa_
Ku sali nabiga {scw}
Its the same people that own the coffee shop isnt it? I recognise that belmonde name
It is and they’ve opened the two most generic businesses. Somalis lack creativity and risk takingIts the same people that own the coffee shop isnt it? I recognise that belmonde name
The average citizen can't even afford these hotels and I doubt they have enough customers, probably just using them to park their money.
Espaa_
Ku sali nabiga {scw}
If i had so much money, I would genuinely open a pharmaceutical company back home specialising in tropical diseases such as malaria, polio, tb, cholera, yellow fever and blood infections. Instead of importing it from turkey, we could have our very own homegrown medication we could sell to local hospitals. Less reliance on these external countries, everyone gets cheap medication, I get rich and help my people at the same time
this would create jobs for the healthcare sector as well and I could hire the top university students from our very own cities and change the future of somali healthcare for ALL.
but then again somalis love quick money from useless coffee shops that half the city cannot afford and empty hotels in which no foreigner uses.
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I was gonna say it was just another hotel until I opened the spoiler
Somalia is stuck in a massive nationwide bystander-effect
everyone keeps hoping someone else will do it but it never happens because they are all the same
Espaa_
Ku sali nabiga {scw}
Im 19 and doing a degree apprenticeship i dont even like in data science and am probably going to drop out this year to pursue chemical engineering at a uni. There is no bystander effect in my case because im simply BROKE.
however you are right to point out the general bystander effect. But I wouldn’t pin it on the nation as they themselves are suffering at the hands of the government but I’d pin it on the diaspora. A lot of us are broke living in social housing in the west but go to somalia acting like some btec mr birling making initiatives without the thoughts and blessings of the local community
Idilinaa
VIP
OP has an agenda obviously he wants to short change Somali businesses into a singularity. Hotels are opening up because there is urban expansion, growing commerce and travel happening.
Gave a brief run down here
First of all, coffee shops and hotels are two of the most common types of small-to-medium businesses globally from America to Europe to Asia. Are Americans "lazy" because they have Starbucks on every block? Are Italians "unambitious" because of their endless cafés? No, it’s called meeting consumer demand , something any basic economics course would teach you.
Second, hotels are demand-driven businesses. No one opens a hotel if there aren't guests. Somalia's growing hotels reflect the recovery of urban centers, increased travel, and commerce , something you somehow twist into a negative because you don't understand basic business models.
Third, the reason you only see coffee shops and hotels on social media is because those are consumer-facing businesses. No one is going to make viral TikToks showing their engineering firms, tech startups, construction companies, medical practices, law offices, or logistics businesses that Somalis run because their target market is not TikTok audiences.
If you actually cared to dig deeper instead of projecting stereotypes, you'd know Somalis are massively active in sectors like:
- Telecommunications (Hormuud, Golis Telecom Somalia, Somtel, NationLink Telecom, SomLink,Telesom, Amtel Somalia, Durdur Telecom, SomNet Telecom,)
- Banking & Fintech (Agro Africa Bank, Amal Bank, Amana Bank, Dahabshiil Bank International, Daryeel Bank Ltd, Galaxy International Bank, International Bank of Somalia (IBS), Mybank Limited, Premier Bank, Salaam Somali Bank, SomBank Ltd:DEEQTOON, EVC Plus, Zaad, Jeeb, E-Dahab, , SAHAL, MyCash, E-basa.etc and this with (SPS))
- Real Estate & Construction ( (ACC), (DEEQA), IAG International L.L.C, SECCO Ltd, Docol Group, Horyaal Group, Afrah Construction Company Limited, TTN Construction Company, Mubarak Group of Companies,, Jubba Cement)
- Manufacturing, Energy, Agriculture, Logistics (check my post history for examples)
Somali youth who earn STEM degrees often don't have the same direct institutional networks (corporate pipelines, internships, nepotism) that other groups might have. It's not because of laziness, it's because immigrants and displaced communities historically face structural barriers , no matter how qualified they are.
Second, Somalis are highly entrepreneurial, so many STEM graduates actually start their own companies, work freelance, or go into independent consulting, rather than traditional 9-5 employment models. You won't always see that captured in simple "employment statistics" that measure success only by western HR standards.
Somalia and the wider Somali diaspora are seeing a huge rise in tech, engineering, and finance entrepreneurship , just because it doesn’t make BBC headlines doesn’t mean it’s not happening.
Somalia’s Tech Boom Amid Challenges - Somali Magazine
Somali Magazine - In the heart of Somalia, a tech boom is underway. Despite the ongoing challenges of political instability and economic hardship, Somali entrepreneurs are harnessing the power of technology to drive economic growth and social change. Tech start-ups are sprouting across the...somalimagazine.so
If Somalis were "lazy and unambitious," you wouldn't have rebuilt entire telecommunications, banking, agriculture and construction industries from scratch after civil war destruction , without foreign aid or government support , something 99% of other nations would have collapsed under.
Somalia has a 90% informal economy, so although the businesses/industries are out there and you can search them up and find many of them through google really but there is no single space directory that list or collect them all in one place or even documents them in a formal way. They are advertised mostly locally as well so that's another thing.
Another thing that shows high business activity is that you see a lot of these advertisement posters lining up the streets in mogadishu. Even in the middle of the road.
You can see the diversity of businesses lined up as well here in this walk through of Mogadishu.
Also i pointed out that a lot of times hotels are connected to other businesses in the post i made:
Somali businesses are actually extremely diverse. It crosses into many different sectors.
You can also see it on how there is many different conglomerates that deal with different things.
View attachment 359024Moumin Group
moumin.com
View attachment 359025
Home - Horseed Group
Horseed Group Our Portolio Access webmails here Mail us to start business with us: info@horseedgroup.com Business Units We pride ourselves on a broad range of specialties Learn how we’ve worked to deliver cutting-edge customer-focused solutions. Foodstuffs Industry We make available a wide range...horseedgroup.so
Star Group of Companies
www.stargroup-som.com
View attachment 359026
View attachment 359027National Group Of Companies | Home
nationalnfs.com
View attachment 359028
View attachment 359029
View attachment 359031
There is soo many different conglomerates in Somalia it would take a page and more to list them all i have found.
In Somalia they don't really have corporatism you see in the west they behave more like cooperative enterprises. They are often community driven and collectively owned.
The hotels yall keep rinsing to diminish Somalis with are actually connected to the businesses that range from construction/engineering companies, drilling, plumbing, electricity, real estate and mechanics.
They also deal with micro-financing as well and are connected in turn to banking or financial services.
Hotels much like the expansion of housing and apartments in the city reflects growing demand for accommodations both from locals and expats as the population grows , business increase and middle class expands. You are seeing Hotels and Real Estate on platforms on tiktok more due to advertisement and marketing. It doesn't mean that's the sole business Somalis engage in.
Also i had to educate some of you before even @cunug3aad
that Somalis are setting up many different factories and manufacturing facilities . He was not aware that Somalis set up a salt manufacturing plant in Galmudug back in 2021 and a business to market the salt products in Mogadishu to distribute across Somalia.
Somalia salt production
Why dont we make salt on large scale? Seems easy enough of an industry to get into and we got large amount of hot dry land. I am aware of xaafuun which was a tuulo in puuntland that the italians made into a salt factory https://en.wikipedia.org/wiki/Hafun_Salt_Factory But after brits came it...www.somalispot.com
Mogadishu alone in 2018 had 40 factories and 30 industrial facilities , seeing that Somalia's economy 4x time what it was in 2018 according mobile money transactions of 2023 , manufacturing is probably double that now. Same throughout the rest of the country.
They have things ranging from steel mills, concrete batching, cement productions, pipes/wires, various productions of building materials. Boats production, fabrics, pharmaceuticals, aluminum a bunch of stuff
This is why i told @Shimbiris that we need better centralized update-able data collection and information on business and industries. It makes many Somalis unaware of the economic activity in their regions or how it operates really and sometimes turn to social media or read nonsense headlines to know more(Somali journalists are awful)
For example one of the example "conglomerates'' i gave in the other thread has not only a "Hasan Wali Hotel" but other businesses
In addition to these there alike 8 businesses and companies part of them.
Same with the other conglomerates they have various businesses and invest in the hotel industry as well
Air Transport & Hotel Services – ADCO Group Of Companies
adcosomalia.com
You can also see it in the local construction/engineering conglomerates , hotels are just one among many services they build and provide. So the businesses and demands are diverse
Services – Mubarak Group of Companies
mubarakonline.com
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