Published On: Tue, Dec 4th, 2012

HABA Press Release: A remarkable year of changing perceptions about business with the Horn

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Press Release 

A remarkable year of changing perceptions about business with the Horn

With 2012 fast drawing to a close the Horn of Africa Business Association (HABA) is delighted to reflect on a year of growing commercial interest and engagement in the Horn of Africa. As a non-political organisation, HABA is committed to helping others realise the enormous economic potential of the region and works assiduously to change many preconceptions and misconceptions.

“It has been really encouraging to see so many individuals, companies and NGOs eager to discover more about the region. Foreign investment levels are on the rise and it is heart warming to see members of various Diaspora communities returning to play a constructive role. HABA has witnessed a sea-change this year, with all sorts of people eager to learn more about the Horn and its neighbours. We feel confident that people from across the region, along with their friends internationally will help maintain this momentum for the good of all.” – Mark T Jones, Executive Director, HABA.

HABA works with following countries: Djibouti, Eritrea, Ethiopia, Somalia and Somaliland (The Horn of Africa), Kenya, South Sudan, Sudan, and Uganda (The Greater Horn) as well as forging further business links being forged with Burundi, Rwanda and Tanzania.

HABA believes that commercial confidence has been bolstered by a lessening of regional tensions coupled with peaceful elections at both a local and national level. In the coming year it sees a number of sectors proving particularly attractive to both local and foreign investors:

  • Agriculture and agri-processing
  • Construction and Real Estate
  • Fisheries
  • Livestock
  • Transport & Logistics

All of these sectors should go some way to alleviating the problem of youth unemployment.

HABA is proud to have been at the forefront of highlighting opportunities in the field of hydro-carbons, but also believes that there is even greater potential in the area of renewable energy, particularly solar. Water and food security, along with environment, need to priorities for the entire continent and the world at large in 2013. HABA believes that with a continued spirit of pragmatism, co-operation and mutual respect attitudes towards the region will continue to change for the better.

For all the progress that has been made, scepticism will remain in various quarters and it means that all who care about the Horn and the Greater Horn will be required to re-double their efforts to ensure that progress continues.

HABA promises to work without fear or favour to help address the ‘knowledge deficit’ about 12 countries – 278 million – 1 dynamic region.

 

For further details visit the HABA website (www.ha-ba.com) or contact:

 

Mohamed Ali – Operations Director

E-mail: mohamed@ha-ba.com       Tel:+44 (0) 7730 276976

 

Mark T Jones – Executive Director

E-mail: marktjones@ha-ba.com Tel: +44 (0) 7727 61577

 

 

PRESS RELEASE

Issued 3rd December 2012 by:

 

 

 

  • mohamed cheers

    Haba has the grasp of all that's needed for the 12 Countries? It's interesting to note that
    Haba would be a London based International investor Corporate headed by Mark T. Jones
    Executive Director? BTW one more priority field is the IT Private Sector? For instance, the Somcable
    contract? I think the British C&W has profound expertise on the Redsea/Indian Ocean, and could
    also join the Economic chases opportunities? The original Somcable plan making Berbera
    shores the Submarine fiber optic site is a good catch for the British C&W to re-negotiate with the
    Somaliland Govt? I think that the West should lead the developing World in more partnerships
    ways than the old decaying protectionist capitalism? Pragmaticism with less Militarism wars and
    less Arms race nuclear proliferations? Mother Nature powers are only created to become custodian
    services for the super human beings mankind? World leaders and Rich corporates are fully
    responsible not to abuse the unique universal divinity laws? The strong and developed Govts
    are more responsible to undo ideological conflicting interests of the Global Village? The Mileu
    World is yearning for much better policies and politics than was/is the cases in enforce?
    Cheers.

    • Madar

      Stop wasting your time talking about the cable project, this has been awarded to Somcable an indeginous company owned by Somalilander with projected investment of circa $50 million and will be completed by 2014. Somcable got in there first by putting there money were there mouth is whilst others dithered thats business warya.

      However direct foregn investments in partnership with local businesses is a good thing.

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