The race for business opportunities in Somalia will begin

[Naaima]

somali business kale mayaqaanan aan ahayn: baqaar, hotel, shirkado telefoono ama koronto xariiriso .we need new business and investment

[Voltage]

[quote="8Ball"]enezuela is an oil rich nation period. If you look at the prices of oil worldwide its astronomical. Of course if you're an OPEC member and you export oil you have alot of clout. Its a major commodity in the world.

[/quote]


Yes but you have to understand why even THEY had to form cartels to survive the onslaught of the Multinationals. OPEC is one of the most studied cartels in the world showing how even countries with such necessary commodity who are supposed to make the West scared and come at them nicely and persuasively had to form a cartel to survive

[8Ball]

[quote="Voltage"]


"And those foreign investments come with their catches, in exchange for putting capital they want to have control, this is what that individual is forgetting."

Its part of redevelopment. Multinational corporations stimulate job opportunities for citizens but they will also be allowed major taxbreaks while their profits will not remain in Somalia.

"Previously the Western nations industrialized on the BACK of Africa. They got all their capital and free raw materials to stimulate their economy gradually going through the stages to their service based economies while they now are the obstacle to Africa's success cuz they want to keep it a helpless woman they can molest at will every time they get horny"

Well im not too sure about that. Capitalism was created out of sucking the blood out of third world nations. US corporations or any other conglomerate will not go into Somalia unless they can see a huge potential for profits. And I don't mean marginal profits.

[Voltage]

8ball, trust me Somalia is paradise for mulinationals. Sure there is not a scarcity of any item in the world that exists in Somalia which is why they are content with the status quo, but they cannever have enough to eat so when Somalia DOES get its act together, we are focked.

We might as well stay in anarchy unless we implement an ISLAMIC state tho then investment is crossed off the list.

btw are you Somali and what do you study? I am a pre-med student but I love economics

[8Ball]

[quote="Voltage"][quote="8Ball"]enezuela is an oil rich nation period. If you look at the prices of oil worldwide its astronomical. Of course if you're an OPEC member and you export oil you have alot of clout. Its a major commodity in the world.

[/quote]


"Yes but you have to understand why even THEY had to form cartels to survive the onslaught of the Multinationals. OPEC is one of the most studied cartels in the world showing how even countries with such necessary commodity who are supposed to make the West scared and come at them nicely and persuasively had to form a cartel to survive"


It also helps when you have a firm leader within your nation opposed to US and other corporations getting a firm hand one of your precious commodities. Venezuela is the worlds 5th largest producer of oil.

[8Ball]

[quote="Voltage"]

"8ball, trust me Somalia is paradise for mulinationals. Sure there is not a scarcity of any item in the world that exists in Somalia which is why they are content with the status quo, but they cannever have enough to eat so when Somalia DOES get its act together, we are focked."

Not neccessarily. It will take alot of time and alot of guile by government officials to get results. It is possible but wont be easy.


"We might as well stay in anarchy unless we implement an ISLAMIC state tho then investment is crossed off the list."

Not a good option. Investment is "key" to stimulate economic growth. It does have its advantages and disadvantages though.


"btw are you Somali and what do you study? I am a pre-med student but I love economics."

Not. I majored in Business Admin and marketing. I did study economics as well.

[1 double 00 %]

[quote="8Ball"][quote="1 double 00 %"]

"Bollocks... the west dont give a fuk about building africa let alone setting up construction companies in somalia... all they want is raw materials to run their own economy. As an example...setting up a succesful construction company comes with high start-up cost, you also need to have a reliable supply chain, a bullet proof business plan and most importantly in africa you need to have good links with government officials."

That is partly true. Ask yourself this question. How are they going to obtain the raw materials needed? It takes money and investment to do that so they essentially have to invest financial resources achieve that goal.

[/quote]
looking at somalia
There will be heavy investment or privatization in the energy sector, fishing and agriculture and maybe telecommunications. Everything else is high risk--low return to corperate companies therefore open to entrepreneurs, now these can be either indigenous or foreign. you should know that its extremely difficult for anybody to start a business in a foreign land, there's the language and cultural barriers and many more problems so the native will always have the advantage when it comes to enterprise.

The point im trying to make is as a somali...it will always be easier for you to invest in your country, you just need look at things in context and focus less on the western economy.

[Voltage]

[quote="8Ball"][quote="Voltage"]

"8ball, trust me Somalia is paradise for mulinationals. Sure there is not a scarcity of any item in the world that exists in Somalia which is why they are content with the status quo, but they cannever have enough to eat so when Somalia DOES get its act together, we are focked."

Not neccessarily. It will take alot of time and alot of guile by government officials to get results. It is possible but wont be easy.


"We might as well stay in anarchy unless we implement an ISLAMIC state tho then investment is crossed off the list."

Not a good option. Investment is "key" to stimulate economic growth. It does have its advantages and disadvantages though.


"btw are you Somali and what do you study? I am a pre-med student but I love economics."

Not. I majored in Business Admin and marketing. I did study economics as well.[/quote]


8ball what are then if not Somali?

[8Ball]

[quote="1 double 00 %"]

[/quote]

looking at somalia
There will be heavy investment or privatization in the energy sector, fishing and agriculture and maybe telecommunications. Everything else is high risk--low return to corperate companies therefore open to entrepreneurs, now these can be either indigenous or foreign. you should know that its extremely difficult for anybody to start a business in a foreign land, there's the language and cultural barriers and many more problems so the native will always have the advantage when it comes to enterprise.

Double00,

Believe me there are some obstacles like you mentioned but its not that difficult. That's why there are trade missions at embassies in each nation. They will cut most of the redtape involved. These corporations will have the ability to present their strategy and marketing plan to government officials.


"The point im trying to make is as a somali...it will always be easier for you to invest in your country, you just need look at things in context and focus less on the western economy."


That's a great way of looking at it, but seriously can the somali diaspora support a nation that is trying to rebuild? Can they do this alone? Do the math?

[1 double 00 %]

[quote="8Ball"]

That's a great way of looking at it, but seriously can the somali diaspora support a nation that is trying to rebuild? Can they do this alone? Do the math?[/quote]

if a bit more peaceful, of course they can invest in somalia no problem. The somali diaspora should be the core of the business investment in somalia but as i said in my first post of this thread... you cant just go there and expect your piece of the cake, no matter how good your idea is and when i say that i'm talking from experience.

Rite now im in djibouti, i always wanted to do something back home and i got this oportunity this yr cos i had decided to do my university work placement in djibouti.
Trust me when i say this its easy to start up a business in africa cos the market is not saturated like the west and when you there u will see what is needed there. The problem is the people's mentality. here its not about what you know but who you know. So the best advice i can give to anybody in the diaspora community looking to start a business back home is to go back there for a yr and find out as much as you can and make as much links as you can. after that u'll be amazed how easy things can be done here.

[Alchemist]

[quote="1 double 00 %"][quote="8Ball"]

That's a great way of looking at it, but seriously can the somali diaspora support a nation that is trying to rebuild? Can they do this alone? Do the math?[/quote]

if a bit more peaceful, of course they can invest in somalia no problem. The somali diaspora should be the core of the business investment in somalia but as i said in my first post of this thread... you cant just go there and expect your piece of the cake, no matter how good your idea is and when i say that i'm talking from experience.

Rite now im in djibouti, i always wanted to do something back home and i got this oportunity this yr cos i had decided to do my university work placement in djibouti.
Trust me when i say this its easy to start up a business in africa cos the market is not saturated like the west and when you there u will see what is needed there. The problem is the people's mentality. here its not about what you know but who you know. So the best advice i can give to anybody in the diaspora community looking to start a business back home is to go back there for a yr and find out as much as you can and make as much links as you can. after that u'll be amazed how easy things can be done here.[/quote]

Interesting, thanks for the advice sxb... I plan to do just that inshallah..

[1 double 00 %]

^^Great to hear that saxiib


By the end of this yr i'm planning on setting up an organisation to facilitate living and working in Djibouti for young people coming from abroad to do their work placement. This organization will help them find placement opportunities and support with such issues as:

Travel information
Rent/accommodation
Financial Help
Setting up a bank account
French lessons
Recreational activities

[snowflakes821]

[quote="1 double 00 %"]^^Great to hear that saxiib


By the end of this yr i'm planning on setting up an organisation to facilitate living and working in Djibouti for young people coming from abroad to do their work placement. This organization will help them find placement opportunities and support with such issues as:

Travel information
Rent/accommodation
Financial Help
Setting up a bank account
French lessons
Recreational activities[/quote]

For this work placement thing, do you have to have a specific degree. I would love to work and live in Djibouti. Please pm me more.