VOICED : Somalia housing boom as Mogadishu emerges from ashes of war

Mogadishu, once known for its colonial villas, is experiencing a transformation with a new housing estate funded by the Somali bank Salem. This project aims to provide affordable homes for Somalis, especially those leaving overcrowded Mogadishu. The development is part of an economic boom as diaspora Somalis return, capitalizing on the city's relative peace. Despite security challenges, such as car bombs and insurgent threats, the project reflects progress. However, economic disparities remain, with the local GDP per capita significantly lower than the Sub-Saharan average. The new neighborhood symbolizes Somalia's rebuilding efforts.

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