Manufacturing in Somalia is very expensive (Electricity prices) the average businessmen would never opt for it,this flour factory is owned by Hormuud who are super rich and can make it workThe smart ones built flour, pasta, and dairy factories, stuff that’s imported every year for billions of dollars. All they have to do then is sign contracts with local supermarkets and shops to meet demand.
Start up costs would range between 500k to $10 million. Somalis have spent more on plots of useless land and empty hotels. Greenhouses growing super in demand crops like Avocados, Coffee beans and Chilli would also be another safe investment.
Manufacturing in Somalia is very expensive (Electricity prices) the average businessmen would never opt for it,this flour factory is owned by Hormuud who are super rich and can make it work
It is not owned by Hormuud.Manufacturing in Somalia is very expensive (Electricity prices) the average businessmen would never opt for it,this flour factory is owned by Hormuud who are super rich and can make it work
Oh, Hormuud again, monopolising every industry, with no regulations to stop it.
Manufacturing in Somalia is very expensive (Electricity prices) the average businessmen would never opt for it,this flour factory is owned by Hormuud who are super rich and can make it work
So it's still a positive progressFYI folks this factory is 4 years old lol.
I think you haven't even watched the video stop rushing to comment all the grain is from Within the country not imported from Russia or ukrainemilling flour with grain from russia and ukraine. Somalia is one of worst countries when it comes to food independence. 100% of our food(grains) are imported. And only from two countries aswell.
With modern crop yields the interriver region of southern somalia could feed 40 million people easily. Food independence is a must to be geopolitically independent. You cannot trust the global trade network. That’s why the EU countries subsidize agriculture. Modern agriculture is not profitable but that doesn’t matter because food production gives a country options strategicly.
Modern agricultural yields made it so that during covid when the price of milk crashed. it was cheaper to dump milk that to transport it a couple dozen miles to a distribution center. Imagine cents to a gallon cost is what america can achieve.
Milk costs more in somalia rn than American milk wholesalers kkkk
They clearly said in the video this is a good starting point to revive Somali agriculture.. Some Somalis are their own worst enemyI think you haven't even watched the video stop rushing to comment all the grain is from Within the country not imported from Russia or ukraine
Currently none we rely on Diesel powered machines we are moving towards clean Solar EnergyHow is the country's electricity grid? how many power plants do we have?