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Somali managed construction Project in Tanzania

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Executive
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Somali managed construction Project in Tanzania

Postby Executive » Sun Jun 13, 2010 2:39 pm

Its a Public company listed in Sudan and Kenya but the board of directors and senior management are Somali :up: :up: I believe that they are also investing their own funds into these projects

http://www.ipiltd.com/bahari

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AbdiWahab252
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Re: Somali managed construction Project in Tanzania

Postby AbdiWahab252 » Sun Jun 13, 2010 2:51 pm

My connect at the Central Bank tells me that the property market is cooling down and in for a correction. I suggest you lay low and wait.

P.S. Land laws in TZ are archaic and hostile to foreigners.

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Re: Somali managed construction Project in Tanzania

Postby Executive » Sun Jun 13, 2010 2:56 pm


P.S. Land laws in TZ are archaic and hostile to foreigners.


True, If you know the right people in govt its not too bad, Somalis in TZ are well connected, plus a bit of bribery helps :lol:

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AbdiWahab252
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Re: Somali managed construction Project in Tanzania

Postby AbdiWahab252 » Sun Jun 13, 2010 3:00 pm

Exec,

Yes, but they can flip the script on you very quick especially if you are a Skinny. Just ask about what happened in the early 1980s under Nyerere, Skinnies, Hindi and others faced serious economic restrictions.

I personally wouldn't invest millions in fixed assets in TZ when I can do the same in Kenya where a foreign investors rights are more adequately protected.

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anilweyne
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Re: Somali managed construction Project in Tanzania

Postby anilweyne » Mon Jun 14, 2010 1:25 am

Hijacking the topic and directly injecting tribalization........the're are Somalilanders.

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Re: Somali managed construction Project in Tanzania

Postby BODHI » Mon Jun 14, 2010 2:42 am

Hijacking the topic and directly injecting tribalization........the're are Somalilanders.
YOU'RE GRAMMAR IS HORRIBLE DIE A SLOW DEATH :arrow: :arrow: :arrow: :arrow:


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