Reddit users wondering why rich Somalis don’t invest back home

[Chaseyourdreamzz]

There wondering why Somalis would rather invest in Kenya Zambia other African countries etc

 

[Midas]

There wondering why Somalis would rather invest in Kenya Zambia other African countries etc

They actually do though. @Idilinaa It's kind of wild how these conversations on somali history,buisnessman,academics, etc get repeated all the time as some dude/girl probably a teenager or in their early 20s who knows very little about this stuff develops an intrested in somali related matters and makes unfounded assumptions out of ignorance (youthful ignorance if I'm being generous)

 

[Unicorn]

There wondering why Somalis would rather invest in Kenya Zambia other African countries etc

Whts there to wonder. Somalia has an awful government whether its northside or southside. People who have businesses want a predictable peaceful country to invest in. Somalia isnt known for tht. Also, most times you have to live only where ur tribe is. What if the places their tribe lives in is at war or people/customers are too poor to buy things. Ive noticed tht as long as the country isnt ran by Somalis our people become successful. Its sad.

 

[Chaseyourdreamzz]

They actually do though. @Idilinaa It's kind of wild how these conversations on somali history,buisnessman,academics, etc get repeated all the time as some dude/girl probably a teenager or in their early 20s who knows very little about this stuff develops an intrested in somali related matters and makes unfounded assumptions out of ignorance (youthful ignorance if I'm being generous)

I’m aware a lot of money has been poured into Somalia over the last 10-15 years by our business community especially xamar and other major urban centres

 

[gasara]

They actually do though. @Idilinaa It's kind of wild how these conversations on somali history,buisnessman,academics, etc get repeated all the time as some dude/girl probably a teenager or in their early 20s who knows very little about this stuff develops an intrested in somali related matters and makes unfounded assumptions out of ignorance (youthful ignorance if I'm being generous)

One time they will say that they don’t contribute and the next is that people send too much remittance back home. Which one is it Most of the rich families I’ve met here invested a lot back home. They practically live their majority of the time. They got nice guuris.

 

[AbdiBashirJR]

People have to understand for it to be called an investment in somalia, they have to expect to make money out of it meaning its low or even moderate risk on return anything past that is sadaqah. Ppl invest in nairobi because its safe and also is a somali hub.