Somali run property project in Tanzania

[samadoon-waaxid]

This guy is to East African economy what Mohamed El-aryan is to the U.S economy,a management tycoon.Soolians doing big thing

[union]

Looks nice. In the globalized world, people will invest their money where they can be sure their assets will be protected under the rule of law. In Somalia, there's a high probability that some goat shagger tribes men will come from the bush and try to claim the development as his based on bogus tribal land ownership.

[Mondey]

building another man's world

Dumb topic. When this is in Xamar or Gaalkacyo tell them to let us know, otherwise nobody gives a shit.

Xamar and galkacayo are not ready for this sort of projects yet.. there is no economy there is no flow.

[ina aadan]

Xamar oo kaliya somaliya ma aan e dhulka somalidu ay leedahay wuu badan yahay intiisa badan waa nabad.
Jabuuti,hargaysa,boorame,burco, berbera, bosaaso, diridhaba, jigjiga, Gaarisa iyo magaaloyin badan oo somaliyeed ba u baahan in la maal gashado e in wadan aadan lahay aad galiso maal wa laga yara fiicanyahay.

[barakaboy10]

is this project exclusively run by Somalis? wow!

how could they invest so much money in a foreign African country!!! how could someone be rest assured to have the guts to invest in such huge amount of wealth in Africa, a continent with its ever-increasing reputation as the most "corrupt, unstable, uncivilized, brutal, prone to wars" continent in the world?

even large and powerful american and European companies who are able to withstand huge losses are reluctant and afraid to invest in Africa, much less about small-scale Somali companies. there are no property laws in Africa and what the governments want always tops all the other things. plus they could lose their properties for no reason or war can break out, as simple as that.

investing in your own country is not only a noble undertaking but patriotic.

even if i had millions of dollars, i wouldn't have never invested in Africa, except my country, Somalia, which i dearly love.

shame on them for being cowards!!!

[udun]

My understanding is the Tanzanian government intervened this project and Treasury department put a hold on some of the projects. As far as I know, this group is not investing in Tanzania any more.

Here we go again, This reminds me of your Dahabshiil stories and other fake claims you run around with on the forum. The Tanzanian government is a shareholder in this project. Last time I was in Tanzania I saw the project going on myself.

They are selling off plan and finished properties as we speak, and there posting updates on the website if you have a look. Local banks are even offering mortgages to buyers since last week.

As a matter fact, one of the men pulled out of this project and he is investing the booming telecommunications business in Somalia. The guy in the photo, Salleebaan, complained about putting his money in a country like Tanzania. That was in 2008.

It is well-known fact that Tanzania is one of the worst country to do business in East Africa.

Ciyaal Warta, I agreed with you Somalis should not be putting their money in overseas country; they should be willing to take the risk to put their money in Somalia. At least, that will employes 100s and 1000s of Somalis. Any infrastructure improvement will also help Somalis.

[Enlightened~Sista]

Beautiful, I wonder why can't the houses in Somalia be built like this? Waxa ka dhisan oo dhan waa wax foolxun, that need to be razed to the ground and built over again.

[Executive]

My understanding is the Tanzanian government intervened this project and Treasury department put a hold on some of the projects. As far as I know, this group is not investing in Tanzania any more.

Here we go again, This reminds me of your Dahabshiil stories and other fake claims you run around with on the forum. The Tanzanian government is a shareholder in this project. Last time I was in Tanzania I saw the project going on myself.

They are selling off plan and finished properties as we speak, and there posting updates on the website if you have a look. Local banks are even offering mortgages to buyers since last week.

As a matter fact, one of the men pulled out of this project and he is investing the booming telecommunications business in Somalia. The guy in the photo, Salleebaan, complained about putting his money in a country like Tanzania. That was in 2008.

It is well-known fact that Tanzania is one of the worst country to do business in East Africa.

I meet him in Tanzania in 2009, and 2010 and he is still the Managing Director. Even the picture I posted is from 2009, at a deal signing in Dar. I know where your hate is coming from, you called the guy a terrorist in another topic. Having been to Tnz several times and seen the success of the somali community over there, I can assure you its not a bad place to make money.

[udun]

Here we go again, This reminds me of your Dahabshiil stories and other fake claims you run around with on the forum. The Tanzanian government is a shareholder in this project. Last time I was in Tanzania I saw the project going on myself.

They are selling off plan and finished properties as we speak, and there posting updates on the website if you have a look. Local banks are even offering mortgages to buyers since last week.

As a matter fact, one of the men pulled out of this project and he is investing the booming telecommunications business in Somalia. The guy in the photo, Salleebaan, complained about putting his money in a country like Tanzania. That was in 2008.

It is well-known fact that Tanzania is one of the worst country to do business in East Africa.

I meet him in Tanzania in 2009, and 2010 and he is still the Managing Director. Even the picture I posted is from 2009, at a deal signing in Dar. I know where your hate is coming from, you called the guy a terrorist in another topic. Having been to Tnz several times and seen the success of the somali community over there, I can assure you its not a bad place to make money.

You're miskiin if you're trying to educate me about Salleebaan Abdi Duale The project has been stopped now and his business partner, Mohamud, is investing the Telecommunications business in Somalia. I even know one subcontractor who was working them, and he too has abandoned Tanzania and its government controlled market

It is true that it sucks to put your money in Tanzania, and there is a reason why Somalis are doing well in Kenya, Uganda, Zambia, and Mosambique in terms of business. The whole country of Tanzania's economic policies is so unpredictable that you could loose all of your investment at the intervention of the treasury department. That is what happened to those guys.

Guryo meel laga taagay baa la amaanayaa

[Basra-]

tanzanians are the MOST SAVAGE africans in east africa. Capital illetrate reer badiiyaal.

[udun]

tanzanians are the MOST SAVAGE africans in east africa. Capital illetrate reer badiiyaal.

Too many emoticons in your comment Islaan Basra that I could not get your point

We all know you're sijui, so educate us with your two magic

[MrSinister]

we live in a global world, business knows no boundaries. stupid qaxooti's and their tuulo mentality.