Somalis are like the vulchers when it comes to smelling business opportunities and money. Where there is death, there is always a vulcher hoovering above and where there is business hope, there is a Somali.
South Sudan became the newest country in Africa in 2011 and already Somalis sealed and locked down all the important business portfolios and channels.
No one is allowed to import or distribute certain goods including petroleum and even currency unless its a Somali business. Dahabshiil is the sole body entrusted to handle South Sudan's currency exchange by the finance minister. Hass Petroleum is the only company allowed to import oil/petroleum and distribute it in south Sudan and will soon handle exporting South Sudan's vast oil resources via Kenya and Djibouti.
To understand more on how Somalis locked up these whole region from Somalia, Kenya, Uganda, Tanzania, Rwanda, Mozambique to South Sudan see (Somalis: The most entrepreneurial people in Africa) by clicking here: viewtopic.php?f=2&t=51524)
Here is the story written by South Sudanese resident (Joseph) from the oil rich Abyei.
The emancipation of this country has opened up economic opportunities that were hidden, and Somalis are among the people who have found business opportunities in South Sudan, and have come in great numbers partly driven by famine that has stricken their country, and partly driven by a desire to do business. Somalis are hard working people and have proved their skills in the business sector. They are leading in certain businesses and they monopolize certain most strategic commodities in South Sudan such as:Foreign exchange bureaus: they are the pioneers in this sector.
They own, hold large shares in foreign exchange bureaus and run most of the largest chunk in this vital business. Building materials: they monopolize import and distribution of cement and iron bars. Anyone should know the sensitivity and the strategic importance of this business.Petroleum: Somalis have the monopoly of importing and distributing petroleum. Who is that does not know the strategic importance of petroleum? Groceries: Somalis are competing neck to neck with the Northern Sudan merchants who are still here.
Therefore, if you happen to step into a fanciful grocery it is either owned and run by an Arab from the Republic of Sudan, or is owned and run by a Somali. Electronics: Somalis are very active in this sector, and own a number of these stores that sell the latest electronic equipments such as large flat screen LCD TVs, CD recorders, laptops, radios sets, generators etc.
When Ethiopia opens its market, we going to jump on them from every corner and they won't even know what hit them.
No African people or state can compete with Somali businesses and with Somalia recovering that will only make us stronger in these regions because now we will build warehouses to dump in everything from Dubai, Istanbul, Rio de Janeiro to China in our warehouses and from there take it to Eastleigh....from there to Uganda, Rwanda, Burundi and South Sudan.
We are watching Ethiopia and so far its not ready for capitalist Somalis.
Personally, me and my friends supply goods to Angola and its booming.