Somalia imported goods worth $3.34b in recent years. Shockingly, Powder milk—Caano Booro—imports stand $157m. An honest QUESTION to our traders & private sector players: how much does it cost to build a powder milk processing plant in Somalia to avert $157m imports, create jobs?
Grap your Somalia Investor Magazine Apr-Jun, 2020 copy. Ahmed Nuur Ali Jum'ale's business journey that begin 60 years ago; ups and downs of this journey and his word to the Somali youth, aspiring to become successful entrepreneurs plus many stories and articles.
I am deeply honoured and grateful to have been awarded as an Outstanding Professional for this year's Africa’s Outstanding Professionals Awards (2022), which took place last evening, in Addis Ababa, Ethiopia. I graciously dedicate this award to the SOMINVEST
@Invest_Somalia
team.
A bag of cement costs $7 in Mogadishu, Bossasso and Berbera, $10-12 in all other regions. Same cement grade costs $3, $3.5 in Ethiopia & Kenya respectively. Almost all cement in Somalia is imported from the Middle East. Some national and private sector discourse is badly needed.
A Real Estate developer is putting a pilot project of 3 units (120 apartments) in Mogadishu. Condominium law is almost getting there. Private sector led economic growth is the most sustainable one.
Somalia construction material import bills are on a steady rise, valued at: $93m in 2020; $147m in 2021; $294m in 2022; $341m in 2023 (without Q4). Top among imported material are cement, steel bars, tiles and paints.
In ka badan 500 (40ft) konteenar oo yaanyo shiid-shiid (Ketchup) ah ayaa Soomaaliya sanad kasta loo soo waarida! Halka xilli-tacabka yaanyada meel lakala geeyo lawaayo! Miyaanan warshadeysan karin?
Mr. Minister, countries do not facilitate and promote outbound health tourism and instead strengthen their domestic healthcare infrastructure and systems to reduce the outbound. Visa challenges are of MFA ambit. We must strive to reduce the ‘100m’ and spent domestically.
We are looking forward to further strengthening the relationship between the Somalian and Indian Government, by working on the challenges faced by the citizens seeking healthcare: Mr. Ali Haji Adam Abubakar, Minister of Health, Somalia at
#AHCI2023
summit.
@PMOIndia
Two years ago today, I was appointed to lead
@Invest_Somalia
with the sole mandate of promoting, attracting & facilitating FDI into and within Somalia. Happy to lead a very competent, dedicated
#InvestSomalia
team with marvelous achievement and great planned activities.
After briefly chatting with my neighbor, Adil Mohamed Alashri, an Egyptian who taught in
#Somalia
’s Allahi secondary school in 1973, tells me the Bambelmo and Liido beach in Mogadishu still lingers vividly in his mind! Very passionate about
#Somalia
.
Trade between Somalia & Turkey stood at $187 million in 2018. Turkey made $180 million in exports to Somalia while
#Somalia
made $6 million exports to Turkey. The Trade & Economic Partnership Agreement (TEPA) has to be concluded soonest to allow Somalia boost its export to Turkey
Personal News: Happy to have joined the University of Nairobi for a postgraduate studies leading to the award of Doctor of Philosophy in International Studies. I will looking more into contemporary and emerging trends of the modern diplomacy.
Despite COVID19 shortcomings, Real Estate & Construction in Somalia is on the rise. Alburuuj Tower in KM5, Mogadishu, is getting off the ground. The project which is being constructed by Alburuuj is expected to be completed late next year.
#MogadishuRising
My greatest advice to young/professional political aspirants in Somalia: NOT all professions END UP or lead into politics. You can enjoy professional life, be successful without venturing into politics. Not all ACADEMIC CREDENTIALS qualify one to become a politician.
@alihwarsame
Bismillah,
Congratulations to my eldest son, Abdirahman Mohamed, for your graduation today, earning first Degree in Business Administration with emphasis in Marketing.
You never followed fears. You indeed set the academic par high for your followers.
Somali Civil Aviation Authority must, pursuant to the Chicago Convention on International Civil Aviation of 1944 & subsequent treaties, enforce stringent state responsibilities. International flights with a domestic leg should first land at the capital & thereafter fly domestic
Somali politicians should consider this photo a wake up call. Political sophistication should no longer be the business. People need basic deliveries: water, education, basic healthcare, not a world class one. The least to ask in my view.
Starting the day with a one-hour workout, medium dark roasted cup of espresso and perusal of leading online global news outlets has been an admirable routine.
Major victors and profiteers of civil war, who led anarchy in times of war in Somalia, shouldn’t benefit from peace dividends, let alone play a leading role in state craft— time to fumigate warlords from Somalia politics.
Am glad to report, a Somali colgoromate is putting the first industrial park in Mogadishu to house about 120 industries in different capacities. There seems a light at the end of the tunnel.
Local investors in Somalia should explore possibilities of setting up industrial parks in the country, more so in Mogadishu. The city has no designated industrial zones. Putting residential & industrial spaces together is not only hazardous but also unsustainable.
@AbdulBillowAli
Proud of this formidable
@Invest_Somalia
team, alongside
@MoPIED_Somalia
support team, who has delivered
#SIICO22
first day. See you again tomorrow as we unpack & open up three more strategic priority sectors for foreign direct investments.
Arrived in Milan, Italy. Leading a Somali delegation (Government officials, Somalia investors & private sector reps). The delegation will be engaging their Italian counterparts & manufacturers in the agricultural technology, equipments and banks.
@MoPIED_Somalia
@Invest_Somalia
SANY Group, a global leading manufacturer of construction and mining heavy machinery and equipment is looking for a competent distributor for
#SOMALIA
.
Mid musharrax RW ah oo xalay goor dambe soo wacay
#Mowlaca
ayaan ku iri: inta damaca RW ku jiro waa badan yihiin ee calaf kaaga iska sug. Kuye; tol haddaan nahay yaan calaf leygu halleyn ee si kale wax halloo magaciisiyeeyo!
@JustAwHirsi
@ASalwe
Provocative diplomatic gesture is meant to force a state to resort to an overly emotional response. Time to express outrage, but remain measured. Somalia’s sovereignty is not a titular one.
Zam Zam university in Baidoa has completed first phase of rice farming pilot project. Results show 1 hector of land is cabable to produce 40 tons of rise, why import 40% broken rise from non-traditional trade ‘partners’?
A butchers in Dubai would make it no secret that ‘albeit the meat was stamped from Kenya/ Ethiopia, it was originally from Somalia.’
Somalia meat is a global brand with consumer preference. It needs nominal investments to remove the few constraints and bottlenecks.
Local investors in Somalia should explore possibilities of setting up industrial parks in the country, more so in Mogadishu. The city has no designated industrial zones. Putting residential & industrial spaces together is not only hazardous but also unsustainable.
@AbdulBillowAli
The sooner Somalia’s political class realize that the problem is neither the President nor the Prime Minister but the constitution the better. Current provisional constitution served its purpose (transition to democracy), time to overhaul Somalia’s governance system.
@JustAwHirsi
Celebrating 40+ pleasant and productive years at my riverside hometown spending joyful time with family members & childhood friends. Aug 6 is my birthday. We can’t replay the past but can only reflect. Alle ayaa mahadle.
I want to challenge those who post the number of books they read towards the end of every December: to finish reading Koran 5-10 times during this Ramadan.
@JustAwHirsi
@ASalwe
@Aynte
are asking to join the premier league. Please register yourself with the
#Mowlaca
Major electricity service providers in coastal towns of Somalia should diversify & invest in mega commercial fish & seafood cold storage facilities for public lease. This will serve the growing need for marine products storage, expand market opportunities and increase efficiency
The Central bank of Somalia board of directors singed into force " Mobile Money regulation 2019 " and its effective date on Aug 1st, 2019. Very detailed piece of legislation that will regulate mobile money products, good read.
Under the leadership of H.E
@HassanSMohamud
, Somalia is poised to become the 8th East Africa Community Member State TOMORROW, as the block’s Heads of State are set to convene for the 23rd Ordinary Summit of the EAC Heads of State, in Arusha, Tanzania, tomorrow.
After keenly observing your talent in interior design & arts, the editor at
@Somaliainvestor
offered you an interview and one page advertisement for your creative work in the next edition.
@SORECOExpo
too offers you a 3x3m booth to show case your talent. Time to appreciate talent
1 KG of Fish costs $4-6 in Mogadishu and yet we have one of the longest coastal areas in Africa? This is an epic failure in value-chain development which is costing the economy so much. One needs a basic fishing gear to fish and save money. Fish must cost less than the red meat.
My morning tour in Mogadishu shows a construction boom in Somalia, a sign of confidence and economic recovery.
Real Eatate and Construction in Mogadishu defies agains all odds.
From E-learning, Telemedicine, Zoom meetings, E-wedding, E-graduation to spiritual and E-Eid Celebrations. World 2.0 is Tech led, you either change or perish. Digital Eid celebrations with my juniors, thousands of miles away. Eid Mubarak!
62 years ago today, our country got its independence & self-rule (through struggle). It has chosen a sky-blue colored flag that reflected societal values of unity & multilateralism, hence joined the UN at the 864th plenary meeting, 20 Sept. 1960. Happy Independence Day Somalia!
Greatly inspired by the level of enthusiasm of Turkish firms to invest in
#Somalia
. Had meetings with several firms in a targeted sector-specific investment promotion mission. Solutions offered by these firms are of interest to our energy sector, which requires innovation & FDI.
I am grateful to the
@uonbi
Institute of Diplomacy and International Studies (
@ddis_uon
) Post Graduate Committee for approving my PhD thesis topic— Impacts of economic nationalism policies on Foreign Direct Investment (FDI) flow into Somalia.
The heavy lifting part begins now.
Somalia’s reconstruction by the private sector is in full gear, its visibly upswing. One can say, this is a reconstruction era for the country. Better aspects of this industry growth are; Labour catch up at par with this peak and inward capital flight, both very encouraging 1/3
Global edible oils demand is estimated $93.2 billion, with a 9% AGR.
In 2022, Somalia imported $186m worth Palm Oil, becoming the 47th largest importer of Palm Oil in the world. To substitute half of the above one needs to invest $10m to set up local crude palm oil refinery!
◉ Oman has 3,165 km coastline with 315 Fishing Jetties
◉ Somalia has 3,333 km coastline with less than 10
Fishing Jetties
◉ Massive investment opportunities exist
Somalia, the gem of Africa that has been in the ruff for a while, is up and back. Good news for the private sector, the country and the region at large. Congratulations to everyone who delivered.
In a couple of weeks, I will be joining
@UMmalta
, Master in Contemporary Diplomacy and Digital Governance, as partially funded by the Ministry for Foreign Affairs and Trade Promotion—Government of Malta.
I went to Addis recently, it has become the new Nairobi for
#Somalia
’s political and business elites, legacy of Monica Juma’s misguided policies towards
#Somalia
. Somalis feel brotherly towards Ethiopia, despite the old hostility. H.E Uhuru Kenyatta can still revise this trend!
Thrilled to welcome our newest member to our ever growing investment promotion network -
@Invest_Somalia
Somalia Investment Promotion Office. To learn more about SomInvest, check out their website:
Universities in Somalia should encourage their graduates to research that which propel innovation in order to connect the currently missing dots between academia & industry. University research is not about theoretical testing, it should provide practical solutions to industries
Great to be present at the opening of the renovated
@SomaliainUganda
by H.E
@HassanSMohamud
. Special thanks to Amb. Ali Mohamed Mohamud, Ambassador of the Federal Republic of Somalia in Uganda, diplomats & the Somali business community in Uganda.
Glad to have witnessed today the signing ceremony of the United Nations Sustainable Development Cooperation Framework (UNSDCF) for
#Somalia
, an extensively consulted & reviewed document which lays a solid foundation for Somalia-UN engagement for the next 5 years (2021-2025).
First Ramadan in my lifetime -so far- that I will be COOKING myself, EAT myself, with no one nearby (no group Iftar) and pray Tarawih ALONE. Inventing new diet in this Ramadan. The intersect between
#COVID19Lifestyle
&
#Ramadan2020
.
INVESTOR SUCCESS. a group of investors have piloted Potato farming in Erigabo, Sanaag region of Somalia—here is the result. Investors are now planning a commercial scale farming of the same.
@Invest_Somalia
of
@MoPIED_Somalia
stands ready to facilitate, support
When we initiated the Saba Awards in 2017 with the sole purpose of corporatization of Somali companies, most of them were skeptical. Those who participated in 1st year & continue to do so confirm its contribution to their companies. Am glad to associate myself with the initiative
Restaurants & businesses along the Somalia coast lines (Mogadishu in particular) must preserve morality, stop dumping garbage to the shores. And funny enough, expect nonprofit organizations to collect the garbage everyday. Let businesses sort out their mess at own cost!
Happy to meet with Jenifer Bamuturaki, the new Chief Executive Officer (CEO) of the Uganda Airlines, in Kampala and exchanged views on how best the airlines can increased its flight frequency to Somalia.
Since 1991, Somalia’s Ministry of Foreign Affairs didn’t get SUSTAINED reforms to streamline its foreign policy delivery which had, & continues to have, bearing on our internal dynamics. A successful FP implementation facilitates national socio-economy and political progressions.
Industrialization in Somalia has long been a government & development led. Unfortunately, the private sector still assumes that industrialization is a government business. Time the government regulates & the private sector takes the lead of the industrialization agenda forward.
Such a pleasure to have had a meeting with
@Abdimaleik
earlier today. He is indeed a brilliant researcher whose interests are across politics. We discussed possible study areas of FDI, economic development and some innovative economic remodeling approaches.
To achieve energy transition & cross the net zero line is easier in Somalia than most countries in Africa. There are no large fossil plants in use & the country has one of the highest energy potential from solar & wind. Morocco generates over a third of energy from renewables!
As per the current traffic surge both in passenger & flight (domestic & international), Mogadishu aiport in its current form will be incapable of handling the short-medium term projected traffic trends. Mogadishu doesn’t have the luxury to wait, it urgently needs a new airport
Pleasure to welcome Dr. Mohamad H. Saripudin, the new Ambassador of the Republic of Indonesia Somalia, to
@Invest_Somalia
. Somalia-Indonesia investment cooperation is essential for the two countries in the Indian Ocean rim.
H.E
@HamzaAbdiBarre
and
@HonBeenebeene
have today commissioned the construction of SOMINVEST (
@Invest_Somalia
) Tower, an ultramodern, green and tech oriented building that is expected to enable SOMINVEST deliver its mandate effectively.
Congratulations to SOMINVEST team.
Somalia has abundance in political 'analysts', with majority exhibit signs of struggle or activism. My friends, activism is priceless but addictive, specially before it becomes a profession. Essence in analysis is striking a balance and perspectives.
#ProfessionalAnalysis
Happy to meet with Ismail Abdalla Ali, a talented investment promotion & facilitation professional who worked with Saudi Arabian General Investment Authority (SAGIA ). I welcome investment promotion professionals to SOMINVEST for their contribution to attract FDI into Somalia.
Had a wonderful chat with
@FatimaSomali
, one the most promising young Somali foreign policy/critical security minds in Istanbul. Her thoughts on the strategic security shift in the Horn and Turkey’s foreign policy towards the region are admirable. Remain focused and good luck!
I received Ahmed A. Hassan (Wataac), the President of the Somalia Chess Federation, to my office today. Mr. Wataac has brought a timely gift (FIDE branded chess board) for the SOMINVEST team. We drew in two stiff rounds, to avoid a 3rd. I started playing chess some 30 yrs ago.
Had the pleasure of paying a courtesy visit to
@ugandainvest
and met with my brother
@mukiza_robert
who is doing a great work in FDI promotion, facilitation and industrial parks development. With 10 existing parks, he aims at 25 before 2026.
No more abandonment/severance of diplomatic allies over others— Somalia foreign policy must focus on overlapping mutual interests to expand the horizons of its allies— withstand proxy diplomatic spats.
#SomaliaInauguration
Council of Ministers of the Federal Government of Somalia has approved the Trademark Law. A step that will provide brand exclusivity, reduce brand conflicts & enhance import standards. Currently imported goods in Somalia bear reputable brands identity while substandard!