{{{Welcome To New Mogadishu, Somalia. 20/06/2014}}}

[armenianbodyhair]

This looks good, I hope it works out well for the people and not just big business from overseas.

[Theron]

I think it is possible that the future Africa may somewhat resemble today's SE Asia, which is still not 1st world, and has huge wealth discrepancies, and poverty, but also has tremendous opportunities and maturing industries.

Not within this century, and most likely not within the next century. Optimism without realism is dangerous.

On the topic of African development, I'm particularly wary about Chinese meddling and propping up of corrupt regimes, U.S-style.

That said, I'm happy to see a focused and ambitious Somalia emerging from the rubble of its civil war.

[Smaug]

Nice, looking foward.

[Fedex]

Interesting, I guess there's a business opportunity now. Does people there eats apples or drink wine?

[zhaoyun]

Not within this century, and most likely not within the next century. Optimism without realism is dangerous.

I don't think Africa will become first world in this century, certainly not at the levels of the West and Japan. But I do think it can develop into a large market with more stable political entities.

On the topic of African development, I'm particularly wary about Chinese meddling and propping up of corrupt regimes, U.S-style.

I am sure this will happen. Africa is a major area of interest for the PRC.

That said, I'm happy to see a focused and ambitious Somalia emerging from the rubble of its civil war.

Me too

[Prince Of Macrobia]

Gulf nations, businesses urged to invest in Somalia.

[Prince Of Macrobia]

Interesting, I guess there's a business opportunity now. Does people there eats apples or drink wine?

Of course, we do eat apple but not grows in Somalia, we imported some other countries. About the wines, the top leaders do drink wine if you know what i mean these secular one.

[Prince Of Macrobia]

I've been living outside Somalia since I was 4 years old but now willing to go back home. I turned 26 years in this month.
I know what is like been living outside your country and how is like being living as a refugee.

However, no matter how people look and what Ethnic they belong or Religion they believe in but in life I experienced that hate none, Love all.

[Selurong]

Its far too early to speak of a developed Africa, also depends on what you mean by developed. I think there will continue to be huge wealth discrepancies in Africa as well as many social problems, but undoubtedly, many African states have reached a stage where they can afford to provide some stability and tremendous economic growth as well. I think it is possible that the future Africa may somewhat resemble today's SE Asia, which is still not 1st world, and has huge wealth discrepancies, and poverty, but also has tremendous opportunities and maturing industries.

Either way, I think for a sharp, adaptible entrepreneur, Africa presents many opportunities because many of its lower tier industries are not dominated by long time market players, and thus with less capital, you can establish a significant presence.

I heard of an entrepreneur from one of my ancestral provinces in Eastern China who went to Malawi with funds scraped from his villagers with no clue as to what Africa was like, decided it was hot so he opeed an ice cream factory and ended up becoming the dominant ice cream producer in the region and one of the most influential businessmen there within a scope of ten years. That's impossible in a developed country, but if you have maybe $50,000 in capital and can sense opportunities, you can accomplish these things in Africa where lower tier industries provide a great deal of growth and lower threshholds of entry for businessmen.

I encountered that tactic in an economics forum, wherein the speaker likened it to a Bloody ocean and Blue Ocean dynamic. Businesses in the blue ocean zone favor start-ups and small enterprises because the place is untapped but businessmen in the bloody ocean zone (saturated markets), often compete with one another only to fail and there is little chance of any start-ups succeeding there.

If you want to get ahead with little you should go to young markets and not slug it out and eventually die in mature ones.

[Óttar]

Africa is rapidly rising as an important market full of economic opportunities as a whole. This is a very good time to go to Africa as a businessman as opportunities are abundant and the market allows entry for newcomers.

The Chinese are making big inroads there, and if I'm not mistaken, India as well. There is a book with Africa divided between the flags of India and China on the cover. I should read it.