Posts Tagged ‘Somalia’
Informal trade shouldn’t be crushed, but rather formalised using incentives, says Ecobank research head.
“Somalis are by nature entrepreneurial, which explains the recent increase in investment in Mogadishu and other parts of Somali territories.”
“Urban businessmen, international corporations, and rural pastoralists have all functioned in stateless Somalia, achieving standards of living for the country that are equal or superior to many other African nations.”
“It is a once in lifetime opportunity to see a country being rebuilt. We have seen it in Rwanda and Sierra Leone. Every time that happens it brings great opportunities.”
Years of war has taken Somalia off the map as a business destination. But with calm returning to the country, a group of investors has identified an opportunity for a bank.
Somalia should be invited to join the East African Community (EAC), writes Prof William Ochieng of Maseno University.
Canada’s Africa Oil is planning to start exploring for oil in Somalia’s semi-autonomous Puntland region.
Somalia, a country that has over the years mostly made headlines for violent civil unrest and piracy, is an unlikely birthplace for one of Africa’s largest money transfer companies.