October 14, 2014

Somalia is back - part 2

Almost a year ago I wrote an article with the subject that Somalia might be back in business. You can find it here: How to invest in specific countries in Africa, like Somalia and Rwanda. To summarize:
  • The economy will grow by 10 percent each year 
  • 60,000 Somali refugees return each year 
  • 350 new companies are registered each year 
  • Rents and property prices have begun to increase. In 2012, a five-bedroom rental apartment was $500 a month, today it's $4,000

Today I found a new video called "Mogadishu's face lift" (Mogadishu is the capital of Somalia and was nicknamed the most dangerous city in the world). The videos shows that Somalia has continued to improve. Let's hope this trend continues.