World
Business and investment missing from the agenda of the London Conference on Somalia
February 12, 2012 · 1 Comments
To say that Somalia gets a bad press is an understatement, and yet those who know the region well are aware that considerable commercial activity is taking place. Whilst no one should underestimate the challenges of doing business in the region HABA recognizes the significant role that stimulating entrepreneurial and business activity can play in providing employment, economic security and hope. It is therefore regrettable, but hardly surprising that the forthcoming London Conference on Somalia (http://www.fco.gov.uk/en/news/somalia-conference/) has omitted business and investment from its agenda. The security and aid fixation of the FCO, DFID etc is causing a myopia with regards to Somalia and the Horn of Africa in general that HABA fears will ensure that few tangible benefits result from this conference. An opportunity sadly missed.
For further details contact:
Mark T Jones – Executive Director
E-mail: marktjones@ha-ba.com Tel: +44 (0) 7727615774
Press Release issued 12th February 2012
Tags: HABA, London Somali Conference, Mark Jones, Somaliland news, Somalilandpress
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First things first, peace is the prerequisite of investment and there is no peace insight in Somalia. But you are right investment can go to the stable regional countries like Somaliland and I agree that would create employment and stability. Therefore would have set a good example for Somalia. I am sure the UK government knows about the abundant oil resources in both Somalia and Somaliland and I'm sure that there will not be an international conference on Somalia, but there will strong private sector UK competition in Somaliland and Somalia in the near future, the London conference is aiming to put UK in good PR position and one step ahead of other competitors.