Investing in somalia can be very profitable

[Mr_smooth]

but seriously how is somalia right now? have you been there as of recently?

Yes last year in xamar its doing good ofcourse still uneasy being there but its getting better every time I visit

 

[somaliaristocrat]

Yes last year in xamar its doing good ofcourse still uneasy being there but its getting better every time I visit

it should be like early dubai 2005 in a couple of years no?

 

[Mr_smooth]

it should be like early dubai 2005 in a couple of years no?

yes sure xamar has so much potential its crazy

 

[somaliaristocrat]

yes sure xamar has so much potential its crazy

but xamar has individuals who do not want it to develop no? as well as foreign interests and obviously some xaasid somalis?

 

[SomaliWadaniSoldier]

U better buy house now. 62k will become 180k in the future.

Invest now or u will regret later.

 

[Mr_smooth]

U better buy house now. 62k will become 180k in the future.

Invest now or u will regret later.

a bakar in around the shopping center is a better value you get far more rent

 

[Mr_smooth]

but xamar has individuals who do not want it to develop no? as well as foreign interests and obviously some xaasid somalis?

yes sadly we can only hope things change

 

[somaliaristocrat]

yes sadly we can only hope things change

its quite stupid that we have xaasid people when they live petty purposeless lives. especially when they gain nothing from being selfish.

 

[sgfrmtheblock]

Investing in Somalia is only viable if you have connections in government or established businesses. The risks are too high if you are talking about serious investments, laws and regulation aren't acknowledged in many cases.

 

[somaliaristocrat]

Investing in Somalia is only viable if you have connections in government or established businesses. The risks are too high if you are talking about serious investments, laws and regulation aren't acknowledged in many cases.

Hmmmmm....what is the worse case scenario then? If i go in solo to a country with a new government with their hands full.

 

[Mr_smooth]

Investing in Somalia is only viable if you have connections in government or established businesses. The risks are too high if you are talking about serious investments, laws and regulation aren't acknowledged in many cases.

Yes but land or property ownership for the most part in Somalia exists if you have the confirmation letter with the stamp of your purchase and ownership that's all you need and no one can do anything.

Just last week a my uncle told me he had someone kicked out of his house who stole his property apparently the guy moved in his house during the war and lived their ever since but my uncle lost his letter of ownership he got his letter again presented it to the folks in xamar and they came to the house and told him to get jogging......many other cases like these

 

[Mr.Haggis]

I own a land in qardho worth 40k right now. Bought it for under 2k 14 years ago.

 

[somaliaristocrat]

Yes but land or property ownership for the most part in Somalia exists if you have the confirmation letter with the stamp of your purchase and ownership that's all you need and no one can do anything.

Just last week a my uncle told me he had someone kicked out of his house who stole his property apparently the guy moved in his house during the war and lived their ever since but my uncle lost his letter of ownership he got his letter again presented it to the folks in xamar and they came to the house and told him to get jogging......many other cases like these

I.mean couldn't have he got him to pay rent or something in the meantime make some.money out of him I've always wondered why no one does that

 

[sgfrmtheblock]

Yes but land or property ownership for the most part in Somalia exists if you have the confirmation letter with the stamp of your purchase and ownership that's all you need and no one can do anything.

Just last week a my uncle told me he had someone kicked out of his house who stole his property apparently the guy moved in his house during the war and lived their ever since but my uncle lost his letter of ownership he got his letter again presented it to the folks in xamar and they came to the house and told him to get jogging......many other cases like these

I agree, land is probably on of the few things that you can invest in without worrying too much(if you have the right papers). Many people who fly back home can see for themselves that business in Somalia is not at a good enough standard.

 

[somaliaristocrat]

I agree, land is probably on of the few things that you can invest in without worrying too much(if you have the right papers). Many people who fly back home can see for themselves that business in Somalia is not at a good enough standard.

What you mean not good enough standard

 

[sgfrmtheblock]

What you mean not good enough standard

There are many things you would have to see for yourself. For example, lets say you decide to open a business like a restaurant or construction company. Perhaps millions of young men don't have jobs in Somalia, if you were to offer them something that isn't a desk job or a variant of that, the chance his likely that they will not take it. Which means you would have to employ a bantu or oromo to do the job.

They all study to become politicians and economist in shitty universities in the worlds worst failed democratic state and poorest country.

 

[somaliaristocrat]

You would have to see for yourself. Lets say you decide to open a business like a restaurant or construction company. Perhaps millions of young men don't have jobs in Somalia, if you were to offer them something that isn't a desk job or a variant of that, the chance his likely that they will not take it. Which means you would have to employ a bantu or oromo to do the job.

They all study to become politicians and economist in shitty universities in the worlds worst failed democratic state and poorest country.

Oh..then they arent hungry enough don't worry about them lol. Im sure there are those who are hungry and will do anything to feed their families. I think it would be better to look for them.

 

[sgfrmtheblock]

Oh..then they arent hungry enough don't worry about them lol. Im sure there are those who are hungry and will do anything to feed their families. I think it would be better to look for them.

Yh, lol we will have to wait until our parents generation stops sending money back home to see real improvement from within. Sure there are plenty who will work hard but are sometimes tough to find.

 

[KULTA]

When you are buying land /house you must videotape everything wallee that would be the ultimate proof

Videotape every single process

 

[IPushFatKids]

This isn't the type of investment Somalia needs -- land/property purchases, hotels, restaurants etc. Why can't diaspora Somali's move beyond investing in rent seeking businesses?

What we need are export-oriented businesses that bring in desperately needed foreign currency into the country, not extracting/reallocating wealth already inside the country. But I won't be too harsh as there are reasons for this -- no electricity, at least reliable and affordable energy. Somali government needs to make energy priority #1, even beyond security imo.

Somalia is the only country in the world without a single power plant.......think about that.