Somalis most entrepeneurial ethnic group in Africa!!

[TheMightyNomad]

Somalis lock down Africa's newest State -- South Sudan

http://mereja.com/forum/viewtopic.php?t=51665&p=307854

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.

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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.


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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.

[TheMightyNomad]

Somali business in Dubai
http://afrikansarvi.fi/issue8/85-matkak ... s-in-dubai

Dubai is well-known as a tourist resort and a juncture for business, but also as a city of foreigners and guest workers.

Dubai is one of the seven emirates constituting the United Arab Emirates: in addition to Dubai, there are also Abu Dhabi (which serves as the capital), Ajman, Fujairah, Ras al-Khaimah, Sharjah, and Umm al-Quwain. It has been estimated that of the 2.1 million people in Dubai, about 90% would be expatriates. Expatriates have different opportunities to succeed in the country depending on their skills and contacts: unskilled migrants are in the most unfavorable situation.

There are no reliable statistics available on the number of Somalis who permanently live in Dubai. According to some estimates, in 2005 there might have been some 10.000 Somalis living in Dubai and 20.000 in the U.A.E. (Haga 2009). However, the actual number of Somalis in Dubai is much higher, if temporary visitors are counted as well. Dubai is one of the international airports through which flights to and from Somalia pass, and it makes the city very popular among the travelers. In addition, Dubai is an important port and a center for Somali business community.

I visited Dubai for a few days in March 2014, on the way from Hargeisa back to Finland, and wanted to learn more about the life of Somalis in the U.A.E., in particular Dubai. I had an opportunity to speak with a few people who had either moved on from other resettlement countries that they had moved to in the 1980s and 1990s after the war in Somalia had broken out, or who had moved to Dubai straight from Somalia. In addition, I met travelers who were on their way to Somalia.

The Somali millionaire 'thanked' for being rich

The emirate of Dubai is one of the richest places in the world with a large population of foreign nationals - including tens of thousands of expat Somalis, some wealthier and more successful than others.

Somalis are actually the second biggest exporters from the rich country of dubai!

[TheMightyNomad]

Swedes eye Somali success

A visiting entourage wants to learn from the business acumen of some of Minnesota's enterprising immigrants.

http://www.startribune.com/local/minnea ... 14968.html

Jamal Hashi stood outside the sprawling Karmel Square mall in Minneapolis, surrounded by visitors from Sweden.

They had traveled thousands of miles to learn how he went from struggling refugee to successful restaurateur.

How he opened one restaurant, then another.

How he came up with the perfect recipe to introduce Somalia to the Minnesota State Fair: camel-on-a-stick.

How, the Swedes wondered, can they get in on this?

The commercial success of Minnesota's enterprising Somali community has been noticed in Sweden, which has its own burgeoning Somali population. A delegation of 24 Swedish government and academic officials are in town all week to try to unlock the secrets behind that success and carry them back home.

"It's in our DNA to be entrepreneurial people," said Osman Sahardeed, a native of Somalia who runs a business doing translation. "Since the seventh century, Somalis were dealing with the outside world. They know how to market their skills."

The Swedes' whirlwind tour is hosted by the African Development Center of Minnesota, a nonprofit entity that offers lending and technical help to refugees to start their own businesses.

Seeds of their historic visit were first planted in 2005 when a Swedish professor named Benny Carlson traveled to Minnesota and was struck by the sheer number of booming markets and malls run by Somali-Americans in the Twin Cities.

He vowed to return with a team of government officials to use Minnesota as an example of what can be done in Sweden.

[LiquidHYDROGEN]

This is the kind of topics we need.

[Smile-LiKe-SuN-RiSE]

We are business oriented people, but first we should put our petty differences aside and start working there.

Somalia Ha Noolaato

first time I agree with Daniboy

[VeiledGarbasar]

Somalis

The first entrepreneur I knew; my father.

[Bella18]

[TheMightyNomad]

This is the kind of topics we need.

yeah! i wonder why no one posts any beneficial info!

Rather than complaining how messed up somali diaspora youth is! or qabil this and that!

or speak of arabs all day! Maybe we need to change theme of this forum and post postive threads in regards to succeeding somalis.

i will post more entrepeneurs!

[TheMightyNomad]

MAO Harrar Horse - Ethiopia

Mohammed Abdillahi Kahin Ogsadey (b.1920s-2006) was a Somali business tycoon based in Ethiopia, where he established MAO Harar Horse, the first African corporation to export coffee.



If you think the Harrar Horse logo is popular here, you should see what it means in Ethiopia. Ogsadey’s reputation is legendary: first beginning as a truck driver, then becoming the first native African coffee exporter in Ethiopia, and ultimately, building a coffee empire which is famous throughout the county and the world.

[TheMightyNomad]

Invicta Capital Limited provides investment opportunities for private and institutional investors. The company offers investment opportunities for investors that cover a range of technologies, including solar, wind, hydro, and biomass; corporate advisory services to advise private and corporate clients in mergers, acquisitions, and management buy outs; and advises private clients and corporations on equity and tax efficient investments in film production and distribution. It also advises private and corporate clients in the valuation and acquisition of music rights; and offers investment solutions to institutions, wealth management firms, and individual client advisers. Invicta Capital Limit... worth 1.5 billion Pounds
Detailed Description

Omar Abdi Ali (Somali: Cumar Cabdi Cali, Arabic: عمر عبدي علي‎) is a Somali entrepreneur, accountant, financial consultant, philanthropist, and a leading specialist on Islamic finance.[1] From 1986 to 1999, Omar was CEO of Dar al-Maal al-Islami Trust (DMI Trust), a Middle Eastern financial and banking group, which under his management increased it assets from $1.6 billion USD to $4.0 billion USD. He is currently the chairman and founder of the multinational real estate corporation Integrated Property Investments Limited and its sister company Quadron Investments.

[TheMightyNomad]

Oasis Centre Mall (above picture) - Kampala, Uganda - cost over $25 million and owned by Amina Mogeh Hersi, a Somali born in Kenya, whose father made riches in the cement industry.

This is the owner below. She is whose who in Uganda and has dinners with the elite of East Africa including Somali presidents when they visit Uganda.



Amina has launched several multi-million dollar projects in Kampala, Uganda,[1] such as the luxury mall the Oasis Centre and the Laburnam Courts. She also runs Kingstone Enterprises Limited, one of the largest distributors of cement and other hardware materials in Kampala. In Uganda they call her Mama Harris.

[TheMightyNomad]

Somalis own quite of number of airlines il post some!

[TheMightyNomad]

Gateway - Uganda

The rise, fall and rise of Uganda’s rich

Hussein Shire

He’s one of the quiet tycoons. He keeps out of sight and hates showing off his wealth. But when he walks into a room, his very presence whiffs of wealth.

Shire is the owner and CEO of Gateway, one of the largest bus companies in the country - with more than 100 buses operating all over Uganda.

Gateway is also the only Ugandan company that operates a service to Kenya.

Born in Tororo, Shire, a Somali by origin started his career in the transport industry, ferrying passenger in a blue Peugeot 504 car along the Tororo – Malaba highway.



Ugandan media says:

Being a resilient people, Somalis have prospered because they are willing to take risks and accept smaller profits. Yassin Mattan, Head of Business Affairs for the Somali Community Association in Uganda, explains that when it comes to trade, “everyone wants to be very competitive in terms of the pricing factor, so it’s the margin that people are looking for.

While some people are looking for a higher margin, these guys [Somalis] are looking for a lower margin. They’re looking at the turnover.”Hassan Mohammed Hersi, for example, has been Manager of Half East Forex Bureau on Kampala Road, for 11 years.

African Express Airways - Kenya

African Express Airways is the second fully Kenyan designated airline to over 30 countries in four continents. The airline is largest and oldest privately owned in East Africa based at Jomo Kenyatta International Airport in Nairobi.

It is owned by Captain Musa Bulhan, who is the most qualified pilot in Kenya. Only the national carrier of Kenya enjoys same privileges with this airline.

Away from public glare, Capt. Musa’s airline has a distinct characteristic-it is one of the country’s two designated carriers, the other being the national career, KQ.

[TheMightyNomad]

Daallo Airlines - Dubai



Daallo Airlines is a Somali-owned airline based at Dubai Airport Free Zone in Al Garhoud, Dubai, United Arab Emirates


Daallo Airlines was established in 1991 by Mohamed Ibrahim Yassin and Mohammed Ibrahim Yassin Olad.[7][8] It began operations on 20 March 1991 with one Cessna aircraft. Soviet aircraft are largely used, although some Boeing and Airbus aircraft have been added, enabling the launch of direct flights between Djibouti and Paris in July 2001, and flights between Djibouti and London in October 2002.

[ramzy2277]

this sounds like hawdian kind of posts.