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Tag Archives: Investment

Opinions

Somaliland: Dahabshiil is epitome of altruism

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The outbreak of civil war  in late eighties had of course precipitated a disaster for Somali people,  among the people who were deeply affected fiscally were particularly  city-dwellers  having not own no livestock’s and and farms to fall back on, after they were caused to evacuate and leave their belongs behind. Thereby many emigrated to other countries where […]

Somaliland

Somaliland:President Silanyo Receives French Ambassador

Silanyo with French Envoy

By Goth Mohamed Goth President Ahmed Mohamed Mahmoud (Silanyo) today in the Presidency received the republic of  France Ambassador to Kenya, Somalia and Somaliland Ambassador Etiennce De Poncins, Hargeisa. President Silanyo and French ambassador held lengthy discussions in which they explored ways to enhance future bilateral relation between the Somaliland and the republic of France. […]

Business

Somaliland:Somali banker sees hope in business order after chaos

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By Edmund Blair NAIROBI (Reuters) - Somalia’s government must lure more investors to drive the private economy because business owners have an interest in cementing fragile security gains, the chief executive of Somalia’s biggest financial firm said. Abdirashid Duale’s company, Dahabshiil - which with a handful of others has survived the anarchy of the past two decades – exemplifies a […]

Business

Wind Brings Light to Somaliland

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By Ed McKenna HARGEISA, Apr 22 2013 (IPS) – A wind turbine, situated some 20 kilometres outside of Somaliland’s capital Hargeisa, has become a significant totem of the country’s changing energy landscape. The breakaway semi-autonomous region that was once part of Somalia has struggled to develop its economy despite dilapidated energy infrastructure that makes it […]

Business

Somaliland:Investing in the Horn

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SDC as a key to investment in this region of Africa Supported by the Department for International Development (DFID) Facilitates investment into the Somaliland, Horn of Africa Bonds together investor and community interests Relevant to long term quality investment projects Operates under World Bank anti-corruption guidelines The SDC was founded in 2011 and is part of a […]

Somaliland

Somaliland:SDC Launches New Website

SDC

The SDC, has now launched its new website. The website will help to bring investors and host communities together as well as act a platform through which to share news and information on the SDCs activities and projects. The SDC (Somaliland Development Corporation) was founded in 2011 and is part of a process that seeks […]

Business

Investing in Somaliland (Part II)

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Last week, we looked at investing in Somaliland, whose economy is characterized by its informality, and entrepreneurship. This week, we delve into different sectors, starting with the telecommunications market, which is booming, but still facing many challenges. Booming Telecom Sitting at a meeting with business leaders, it is common to see each person with two […]

Somaliland

Somaliland: exploration in ‘Africa’s 55th state’

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Jan 28, 2013 Until 2010, Hussein Abdi Dualeh worked as a simple project manager in Los Angeles overseeing the use of natural gas as fuel for cars. It was a natural progression given his downstream engineering experience and his career start in the UAE as a salesman out of high school, marketing lubricants for Abu […]

World

Turkey Investing in Future with Africa Policies, Particularly Somalia: Experts

Foreign Minister Ahmet Davutoğlu ( AA photo)

Turkey is investing in Africa by opening new embassies, developing bilateral political ties with African countries and investing in projects regarding humanitarian aid, public education, social welfare and infrastructure building, according to several African experts. Over 20 political experts and diplomats from different African countries attended an annual conference on peace and security in the […]

Business

Investment and development in Somaliland

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  Britain recently reaffirmed its pledge to spend 0.7% of gross-national income on aid by 2013, with the biggest announced increase in aid for Somalia – a 208% rise planned between 2010 and 2015. A proportion of this increase will go to a new Somaliland Development Fund, set up jointly with the Danish agency DANIDA, and […]

Somaliland

HAVE YOUR SAY: Investment in the country that isn’t

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In a post-conflict environment, attracting new foreign and domestic firms is central to private sector development. It has been twenty years since Somaliland withdraw from its union with neighboring Somalia. Do you think that Somaliland has taken enough strides toward establishing itself as a politically and economically viable state in this period? Do you think […]

Opinions

Lawrence Solomon: Capitalist haven

OPINION | MAY 25, 2012 Lawrence Solomon British traditions boost the de facto state of Somaliland Second in a series. Next: Cutting Greater Somalia down to size It’s the only African country that doesn’t rely on foreign aid from the world’s rich governments. It’s a Muslim country in Africa that has had a functioning democracy […]

Africa

SOMALIA: Mogadishu recovers slowly

Photo: Phil Moore/IRIN Lido beach is reminiscent of seaside towns around the world

Photo: Lido beach is reminiscent of seaside towns around the world (Phil Moore/IRIN) MOGADISHU — It is Friday morning in Mogadishu and Lido beach presents a scene reminiscent of seaside towns around the world. At the top of the beach, women sit with their wares, selling water and ice-lollies from cool-boxes. The middle-beach is dominated […]