Corrupt TikTok

[Idilinaa]

Not true at all. Somali businesses are community-driven and rely on collective investment.

Lets take Dar-Salam that you mentioned, it was not funded by diaspora at all.

It was funded by Salaam Bank in Somalia to provide affordable housing and to combat overcrowding and congestion in the city and it was meant for all Somalis in Mogadishu.

Somalia housing boom as Mogadishu emerges from ashes of war

Somalia's elegant colonial villas were left in ruins by two decades of street fighting among warlords, and the seaside capital Mogadishu was dubbed the most dangerous city in the world. Some seven kilometres (four miles) outside Mogadishu in a formerly largely rural area, new homes are...

sg.news.yahoo.com

The same bank that i mentioned just now also funds the renewable energy in Somalia to invest in companies like BECO in order to make electricity more affordable, again example of community driven and collective investment.



Businesses don’t rely on one powerful person, but on shared ownership and stakeholder trust

Hormuud that you keep mentioning has multiple thousands of Somali shareholders and stakeholders spread out across, so not only is their revenue re-invested into services and businesses but so is the company's wealth and ownership spread out.
They even mention this on their website

https://hormuud.com/about-us

Somalia’s private sector benefits all Somalis, not just elites. Low-cost remittance services, affordable mobile banking, and decentralized electricity grids help even rural areas.

---

---

---

I also would like to point out.

Unlike Ethiopia or Kenya, where foreign corporations dominate key industries, Somalia’s economy is entirely locally owned. It make's Somalia a unique case in Africa.

For example: Hormuud, Somtel, and Salaam Bank are Somali-owned, unlike Kenya’s Safaricom (Vodafone-owned).

In Kenya, Nigeria, South African, Ethiopia, Major retail chains, agribusiness, and manufacturing in these countries are foreign owned. Ethiopia’s banking & telecom sector was state run for years but is now being sold to foreign investors.

Not only do these companies monopolize the wealth and ownership instead of spreading it out through multiple local partnership investments and shareholders but since they are foreign owned they exit the country with the revenue they extract and don't even re-invest into the country and they pay locals dirt poor salaries and provide expensive services. That doesn't even happen in Somalia.

Somalia's economy functions like this:

Remittances + Local Investment = A Self-Sustaining Growth Model.

With no major reliance on either FDI(Foreign Direct Investment) or Foreign Loans or aid to fund most ventures or services.

 

[Aseer]

Atleast we aren't 1st place anymore guys, we are making progress.

 

[Idilinaa]

View attachment 357483

Atleast we aren't 1st place anymore guys, we are making progress.

"Percieved levels of public sector corruption" lool.

It matters less because Somalia is private sector driven which functions outside the Public sector and the corruption is concentrated in the Public sector which comes mainly from foreign imposition and funding.

It's not really reflective of Somalia as a whole. This corruption has less impact on the daily lives of ordinary Somalis, who rely more on private businesses and community efforts.

With Somalia, pointing out corruption in the FGS or its illegitimate leadership honestly doesn’t reflect much. The reality is that Somalia’s economy is entirely private sector driven, unlike most African countries where the government controls everything.


In most of Africa, the state is the biggest employer, service provider, and economic driver. If the government fails, everything collapses. But in Somalia, the government barely functions, yet the economy keeps growing. This proves that Somalis don’t rely on the state at all. Almost all services: banking, education, infrastructure, and even security are provided privately or through community efforts.


HSM and his cronies are just stealing foreign donor money, while Somalis don’t even trust them with their own. The economy thrives on private business, diaspora remittances ($2.9B annually, more than most African countries get in FDI), and local investment. Corruption affects foreign aid more than the daily lives of ordinary Somalis.


Meanwhile, Ethiopia, Kenya, and Nigeria depend on their governments for employment, infrastructure, and investment. Somalia is the opposite. Somalis own their businesses : key industries aren’t controlled by foreign companies like in Kenya or Ethiopia. That’s why Somalia has a level of local financial independence that most of Africa lacks.


Somalia also doesn’t wait for the government to build roads, hospitals, or schools. Locals and the diaspora self-fund infrastructure projects. Somali universities, hospitals, and banks are mostly privately owned. Even electricity, telecoms, and water distribution are handled by businesses, making them more efficient than government-run services in other African nations.


So when people make these lazy TikTok comparisons, showing Somali politicians with captions about corruption and "70% of Somalis living in poverty" (which is an exaggeration), they misrepresent Somalia’s reality. Yes, corruption exists, but Somalia’s self-reliant economy keeps things running, unlike in many other African countries where corruption directly ruins lives.


At the end of the day, Somalia doesn’t depend on the government which is something most African countries can’t say.

 

[Aseer]

"Percieved levels of public sector corruption" lool.

It matters less because Somalia is private sector driven which functions outside the Public sector and the corruption is concentrated in the Public sector which comes mainly from foreign imposition and funding.

It's not really reflective of Somalia as a whole. This corruption has less impact on the daily lives of ordinary Somalis, who rely more on private businesses and community efforts.

How come poverty and starvation is rife throughout somalia and people are in dire need of food aid and basic services? Is it because of us having a weak public sector? What about the immigration rates out of somalia and how many youth are leaving due to the poor state of the country and its rampant corruption?

 

[Idilinaa]

how come poverty and starvation is rife throughout somalia and the need for constant food aid? Is it because of us having a weak public sector?

It's not. The poverty that you do see often comes from displacement, through violence (Alshabab vs Govt forces & allied forces) or natural catastrophe like flooding. They devastate communities.

So it comes from dispossession not from lack of money in the country or economic growth or lack of delivery of services by the private sector. 1 family will lose everything in an instance and be displaced from their homes. All that i mentioned is pretty much concentrated in south central and even the IDPS in the north are mostly southerners. Most of the displacement does not actually come from drought only like 2000 are.

If anything FGS and Alshabaab is the biggest obstacle for Somalis and our source of problems.

 

[X29]

How do we get rid

The poverty that you do see often comes from displacement, through violence (Alshabab vs Govt forces & alied forces) or natural catastrophe like flooding. They devastate communities.

So it comes from disposition not from lack of money in the country or economic growth or lack of delivery of services by the private sector. 1 family will lose everything in an instance. All that i mentioned is pretty much concentrated in south central

If anything FGS and Alshabaab is the biggest obstacle for Somalis and source of problem. I wish they both burn in hell.

How do we get rid of both of these blood suckers their both so incompetent it disgusting

 

[Idilinaa]

How do we get rid

How do we get rid of both of these blood suckers their both so incompetent it disgusting

Firstly, Somalis both in the diaspora and within the country need to recognize the power and resources they already possess. We are not helpless; we have built a resilient, private sector driven economy and community led systems that function despite the failures of the public sector.

The key now is to build on this foundation. The diaspora, with its financial resources, skills, and networks, has already played a crucial role in supporting local initiatives, businesses, and community driven projects. Local Somalis have taken development into their own hands, organizing through community based platforms like WhatsApp groups, mobile banking etc to fund and manage infrastructure, education, healthcare, and even security without relying on a dysfunctional government.

The next step is to use this collective strength to create systemic change. We need to channel our resources and efforts into building accountable, inclusive governance structures that truly serve the people. This means supporting grassroots movements and local governance initiatives that prioritize the needs of Somalis over the interests of corrupt leaders or militant groups.

We must also continue to invest in the private sector and strengthen local institutions, ensuring that they remain independent and resilient. By doing so, we can further reduce the influence of the FGS and Al-Shabaab, who thrive on instability and dependency.

Ultimately, the goal is to create a Somalia where the public sector complements the private sector and community led efforts, rather than hindering them. This will require sustained pressure from civil society, the private sector, and the diaspora, alongside international partners who are willing to support genuine reform. It won’t be easy, but with unity and determination, we can reclaim our country from those who exploit it.

 

[Afar indhood]

@Idilinaa

- Lo'leey, as I already explained, means those who keep cattle. So, indeed there were cattle farmers but it was taboo like blacksmithing (or would you deny that was a taboo too?). I never said anything about other livestock. Only cattle.

- Thank God unicorn proved me wrong (about the fish thing). Again, certain people exclusively fished and still do but the majority of Hawiye were not fishers. I don't know about Northerns.

- Hormuud owns Salam bank (literally every branch of the bank has an adjacent Hormuud branch), Somtel And Buruuj which built Daraslam and has a near monopoly on road/large-scale construction. Hormuud also imports gas, plus other things. I think it also owns or co-owns BECO.

Historical record kulahaa. There are zero historical references to many aspects of the somali life because we are an oral society.

Am I being trolled here?

 

[Idilinaa]

@Idilinaa

- Lo'leey, as I already explained, means those who keep cattle. So, indeed there were cattle farmers but it was taboo like blacksmithing (or would you deny that was a taboo too?). I never said anything about other livestock. Only cattle.

I can pull the same invention on every livestock and say Farsaasey is an insult. It means those who keep horses because Somalis have huge taboo against owning horses.

The ones who own goats are called Ariiyaal, its particularly the most offensive thing

No need for proof or sources. Just trust me bro , i have deep knowledge about Somali culture. It changed recently that's why.

You see how retarded that sounds because Somali society was centered around a livestock economy they don't feel degraded by owning livestock regardless if they were cattle or something else.

And no there is no real taboo against blacksmithing. This is often misrepresented. There was economic specialization but that's about it.

- Thank God unicorn proved me wrong (about the fish thing). Again, certain people exclusively fished and still do but the majority of Hawiye were not fishers. I don't know about Northerns.

Coastal population fished and if there was hawiye sub clans that lived permanently on the coast they fished.

Among Northerners it was mainly Majerteen and Warsangeli etc that engaged in fishing because they had more spread coastal settlements, due to their distrubution.

But most Somalis preferred meat over fish overall though due to the abundance of livestock.

- Hormuud owns Salam bank (literally every branch of the bank has an adjacent Hormuud branch), Somtel And Buruuj which built Daraslam and has a near monopoly on road/large-scale construction. Hormuud also imports gas, plus other things. I think it also owns or co-owns BECO.

Hormuud does not fully own Salaam Bank and they are two separate entities, they both engage in joint ventures and microfinancing and they even provide funds to mostly to small businesses to boost economic growth.

Salaam Somali Bank contributes to Somalia’s economic growth through a free microfinance program

Salaam Somali Bank contributes to Somalia’s economic growth through a free microfinance program

www.garoweonline.com

Each company invest in eachothers businesses and owns a share in it. So they all risk share. The ownership is also spread out and they engage in diversification.

Salaam bank is owned by a diverse group of business owners. Again as it states on their website.

Salaam Somali Bank (SSB)

Salaam Somali Bank (SSB) is the first privately-owned bank in Somalia. We began our operations on October 2009. The bank is regulated by the Central Bank of Somalia. The bank is owned by trusted Somali business owners with over 30 years (Three decades) of experience in the business sector and...

www.salaambank.so

SSB is owned by trusted Somali business owners and is run by a dedicated team of professionals with over 20 years of experience in banking and financial management services.

Their collaboration with Hormuud is mainly microfinancing and investment, not ownership.

Salaam Entrepreneurs Fund (SEF) is a $5 Million entrepreneurship fund allocated by Salaam Bank in collaboration with Hormuud Telecom for Somali entrepreneurs.

They help fund various sectors in economy:

SEF is three years Fund program aimed to cultivate the young Somalia entrepreneurs’ potential by giving them start- up capital to convert their business ideas into reality. The fund aims to focus on investing in the following five key sectors:

1. Technology
2. Renewable Energy
3. Farming
4. Fishing
5. Livestock

Also just to make it clear Salaam Bank is not the only private Bank in Somalia that deals with community driven financing. There is several privately owned banks.

For example there is Amal Bank in NorthEast that funded housing projects. Shared this in a different thread

Amal Bank Somalia | Modern Islamic Bank and Personal Banking in Somalia

Amal Bank is a modern Islamic bank that offers a wide range of financial products and services in Retail, Corporate, Institutional, Diaspora and Microfinance Banking. Based in Somalia.

amalbankso.so

The same banks funds roads and constructions as well.

I am just showing this because there is no 1 single business or company that monopolizes anything in Somalia. Other banks like Dahabshiil Bank, Premier Bank, IBS Bank also invest in business growth.

But you start to see that Somalia's economy is built on a decentralized business model.
Somali businesses cross-invest in multiple industries, ensuring shared risks and profits. There is no single dominant corporation, rather, businesses own shares in each other’s ventures.

Somalia has a highly competitive private sector.No single business dominates the market. Banks, telecom, and construction sectors all compete, funding thousands of small and medium businesses

Monopolies happen when one company controls everything, but in Somalia, companies invest in each other, creating shared economic growth instead of corporate dominance.

Historical record kulahaa. There are zero historical references to many aspects of the somali life because we are an oral society.

Am I being trolled here?

Somali society is mostly a written society, they communicated via letters, kept administrative records, wrote a few chronicles on important events, kept records of genealogies, hagiographies, and religious poems/works and written agreements/laws.

Historical records are combination/intrepretation of collected writings from many diverse sources.

Also if what you were saying was even a thing there would be extensive poetry and cultural relics left by it. There is none.

You sound more like the troll to me. You know zilch but you pretend you do.