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Old May 15th, 2010, 11:09 PM   #1
ja'far
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War And Business? The Telecom Case In Somalia

Despite the violence, a serious humanitarian crisis and an over 20 year conflict devastating the country, Somalia remains a thriving market for some businesses, reveals the Wall Street Journal in an article entitled “Telecom Firms Thrive in Somalia despite War, Shattered Economy”.

The article stresses that despite “the absence of any government-regulated phone or Internet access”… “the competition to supply phone service has stoked the nascent revival of Somalia's shattered economy, and it shows that some complex businesses can thrive even in one of Africa's least developed markets”.

“The success of Somalia's telecom sector isn't all that unusual for a war-shattered economy, experts say. In countries with shaky economic foundations, such as Afghanistan and the Democratic Republic of Congo, telecommunications companies have stepped in to provide missing infrastructure”, explain experts.

“In a way, their leverage goes beyond pure telecom service”, says Svet Tintchev, a World Bank expert on the telecom industry in developing countries, specifying that these companies haven’t competed only for customers, but also cooperated with each other to maintain their networks and set prices to ensure that competition doesn’t become too cutthroat.

The wide insecurity in some cases also guarantees business, given that everyone wants to get in touch with relatives to ensure they are safe.

A thriving business considering that one of the four largest Telecom companies in 2009 registeredsales of about $40 million a year, “substantial in a country where an estimated 70% of the population lives on less than $2 a day”.
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Old May 15th, 2010, 11:22 PM   #2
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This is clear proof that Somalia and Africa can progress if organizations such as the IMF and World bank are absent.

$40 millian in sales for one out of the four telecom companies in Somalia?
Damn, it seems we're wasting alot of time.
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Old May 16th, 2010, 07:16 AM   #3
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really inspiring story, thanks ja'afar for sharing
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Old May 16th, 2010, 10:20 AM   #4
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Somalia's telecommunications sector is much stronger now than it was before the war.
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Old May 17th, 2010, 06:32 AM   #5
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Quote:
Originally Posted by Xusein View Post
Somalia's telecommunications sector is much stronger now than it was before the war.
true indeed. On the other hand, i hope Dahabshiil and Daallo continue their success. We need more emerging companies in Somalia.
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Old May 17th, 2010, 08:46 AM   #6
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Well, Dahabshiil has recently joined the telecom industry with SomTel International so we will see how it does in that arena.
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Old May 17th, 2010, 10:04 AM   #7
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true indeed. On the other hand, i hope Dahabshiil and Daallo continue their success. We need more emerging companies in Somalia.
Dahab shill they have opened a bank in Djibouti, some insiders told me they want to expand to different countries in the region and even they are toying the idea whether to open Islamic bank also in Malaysia and some other countries
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Old May 17th, 2010, 12:04 PM   #8
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true indeed. On the other hand, i hope Dahabshiil and Daallo continue their success. We need more emerging companies in Somalia.
Daallo no longer exist and now the Premier Somali Airline in Somalia seem's to be Jubba and Dahabshiil took advantage of the collapse of Al Barakat after 9/11 but since then another company by the name of Qaran Express has emerged and since its based in Mogadihsu where all the money flows, it has advantage.
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Old May 17th, 2010, 12:51 PM   #9
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Daallo no longer exist and now the Premier Somali Airline in Somalia seem's to be Jubba and Dahabshiil took advantage of the collapse of Al Barakat after 9/11 but since then another company by the name of Qaran Express has emerged and since its based in Mogadihsu where all the money flows, it has advantage.
from their website their indicated they will resuming their flights to Djibouti and Somalia from 3rd June, which is next month http://www.daallo.biz/news.asp
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Old May 17th, 2010, 01:16 PM   #10
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They are bullshitting the company has folded and is banned from the EU Plus their bread and butter route which is from the UK to Djibouti and onto Somalia is now being taken by Emirates group. Fly Dubai which is a low cast airline now flies daily to djibouti from dubai and the fares are dirt cheap. Jubba and East African which is a kenyan based company but owned by a Somali run the show now.
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Old May 17th, 2010, 02:24 PM   #11
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Quote:
This is clear proof that Somalia and Africa can progress if organizations such as the IMF and World bank are absent.
u dont attract the world bank or IMF unless u are near bankrupt and need to borrow money

so i dont know what the IMF/world bank got to do with this. . .

If African leaders run their countries well they wont need an IMF handout
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Old May 18th, 2010, 12:45 AM   #12
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Quote:
Originally Posted by paddylo View Post
u dont attract the world bank or IMF unless u are near bankrupt and need to borrow money

so i dont know what the IMF/world bank got to do with this. . .

If African leaders run their countries well they wont need an IMF handout
well, we're basically saying the samething.

If country like Somalia is ignored by the outside world, it can find some solution to its problems.
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Old May 20th, 2010, 02:04 AM   #13
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Quote:
Originally Posted by Xusein View Post
Well, Dahabshiil has recently joined the telecom industry with SomTel International so we will see how it does in that arena.
Dahabshill has enough capital to start a decent airline. I think they should consider it.
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