Cowke Posted July 10, 2010 Have you all ever wondered why somalia has more advanced telecommunication industry plus advanced banking system? The only logical explanation I can think of is somalis need an advanced telecommunciation system because when they call their relatives in the diaspora they need "phone and good calling rates" or how else can they tell them "send me $100". Plus they need an efficient banking system because without that how else will they recieve that $100 their waiting for from their diaspora relatives!!! Anything outside of those two areas they are hopeless don't you find that strange? Quote Share this post Link to post Share on other sites
Somalina Posted July 11, 2010 Oh wow! I've always wondered about that and now thanks to you I know... You are a mystery solver runtii bless your heart... Quote Share this post Link to post Share on other sites
NASSIR Posted July 11, 2010 Nina, Cawke does need ur help. He is ur distant cousin, isn't he? Quote Share this post Link to post Share on other sites
Miskiin-Macruuf-Aqiyaar Posted July 11, 2010 One of the greatest mysteries that baffled Soomaalis had finally been solved. Quote Share this post Link to post Share on other sites
Somalina Posted July 11, 2010 lol@distant cousin... as if! Cowke would be lucky to be my cousin! Quote Share this post Link to post Share on other sites
Geel_jire Posted July 11, 2010 I don't know about the banking system but the telecom infrastructure is very advanced relative to everything else. They benefit greatly from non-regulation by any national telcom agency .. otherwise they would have to pay 10s of millions of dollars to license even small portions of the available spectrum. but they are backward in pretty fundamental area .. there is no interoperability between different telcom networks i.e if you have a hormud phone you can only call those on the hormud network same goes for nation, telesom etc. at least that is the way it was since I was there last and I doubt much has changed. another thing going for them is the relatively small customer base .. < 1M per major city. Quote Share this post Link to post Share on other sites
Cowke Posted July 11, 2010 Geel Jire somalia has an efficient banking system or hawala whatever you want to call it. Money is sent reliably quickly and efficiently with minimal error. Telecommunication is doing quite well itself with cheap calling rates. But the thread was why are these two industries the only industries that seem to be doing well in somalia where-as others are not? My explanation was provided in my earlier post and that's the only rational explanation I can think of. If you can explain why those two industries seem to be doing well and others are failing then provide your input. Quote Share this post Link to post Share on other sites