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What Is Driving The Success Of Somali Traders?

What Is Driving The Success Of Somali Traders?

From Standard Business

The phenomenal growth of Somali businesses in Kenya’s commercial towns and urban centers is an envy to any would-be entrepreneur or business person. From the often frequented restaurants in Nairobi’s Central Business District to well-stocked boutiques their business models have created a massive economic touch, which cannot be overlooked. Behind this upward curve though is a business based on trust, a character trait that has remained elusive in many conventional entrepreneurs, who find it hard to trust their wealth with others, however creative their ideas may be.

Trust, in a good number of the Somali community resonates loudly in respect to raising enough capital among family members and close friends for a profitable venture as well as one that creates an even economic impact in the entire society. Takaful Insurance Managing Director Hassan Bashir agrees that trust in the community has played an incredible role in fueling success in their business growth.

Written by Winsley Masese/Read more at Standard Business