Somalia | Economy and Infrastructure News

[ja'far]

Originally Posted by Constantine MMX

Sure sxb, here they are:

- Duo eye survey in Puntland

- AllSanaag

Sxb, nice pictures and great link.

Keep up the good work!!!

[G.O.E.T.I.A]

why somalia lack a highway? geeeeezzz, i was expecting somaliland to fare better, and at least have some connection to Djibouti.

[Xusein]

Somalia does have roads...not a dual carriageway ok but it has connections to it's neighbors. That map is a future map of a inter-African highway network, I assume with the issues atm they don't want to connect with it but I'm sure in the future this will change.

[G.O.E.T.I.A]

^ Xusein thanks for the corrections and info bro. I hope for the best, cheers, specialy for Somaliland and Djibouti. I want an easy highway that will take me hours to borama instead of a day geeezzzz .

roads = economy, instead of other projects ,somalis should focus on building roads. i mean more roads, and this time, the better the roads the better the progress inter regionaly.

[Xusein]

The lack of infrastructure investment is the biggest hurdle to development (other than politics/instability) but I think the officials are starting to figure that out. Personally I think they should let private companies do the work and maybe work out some kind of private-public partnership to build the infrastructure (from roads, electrical grid and water)...

The telecommunications industry is a good example of how it can be done, the companies didn't need a government for that.

[G.O.E.T.I.A]

Originally Posted by Xusein

The lack of infrastructure investment is the biggest hurdle to development (other than politics/instability) but I think the officials are starting to figure that out. Personally I think they should let private companies do the work and maybe work out some kind of private-public partnership to build the infrastructure (from roads, electrical grid and water)...

The telecommunications industry is a good example of how it can be done, the companies didn't need a government for that.

oh man in Djibouti we're stuck with one main (government owned?) operator called Evatis meanwhile in somaliland alone, you will see many operators. not to mention the other government owned bodies like electricty and water provider.....

competition is healty, I think we have a lot to learn.

kudos to somalia

man one thing i learned from somalis, is that they're good at business looolll seriously, no kidding, damn good when it comes to business and private companies.

it's very hard to be selv sufficient in Djibouti without much help from the state

[Janub]

I want to hear more about Somalis in telecom and resource management like that Naspure company. I'm tired of xawaalah business and it really has no potential or future, I hope the Dahabshiil group and others diversify into other industries at least with investments alone.

[Constantine MMX]

Originally Posted by G.O.E.T.I.A

^
roads = economy, instead of other projects ,somalis should focus on building roads. i mean more roads, and this time, the better the roads the better the progress inter regionaly.

Somalia isn't really dependent on trade from its neighbours, and its first three main export partners are outside the continent, though the link to Djibouti should be strengthened. However the current network of highways, gravel roads, dirt roads, small ports, large ports, and various airports serve Somali traders well enough for the moment.

Somalia's network of highways is 22,100 km long, 2,608 km of which are paved. The percentage of roads that have been paved and maintained by Somalis during the civil war period is the same as of that of Kenya and Ethiopia, and much higher than in Tanzania. - Link

Only when the civil strife subsides, can we begin to think about potential stronger regional links in the form of transnational highways. Now resources are better spend on maintaining what we have.

[Constantine MMX]

Somagem Mining Company Ltd was founded to incubate and grow opportunities in the natural resource sector in Somaliland, 'Company' strategy. The timing reflects the strong outlook in demand for minerals, in particular precious gemstones as an asset class, and a paucity of significant new economic discoveries in recent years.

To meet this supply side challenge Somagem has assembled a team of talented and professional experience. Together we have the necessary skills and network to access and evaluate numerous opportunities and select those with the highest potential. Once identified Somagem incubates a new subsidiary and assembles a dedicated, experienced and highly motivated management team to develop each opportunity. Link

Emerald


Peterasite


Ruby


Saphire

[Ras Siyan]

Interesting updates guys, keep it up!

[Xusein]

Wonder where in Somaliland they're finding these gems...

[Constantine MMX]

Africa Oil Provides Update on Puntland (Somalia)

Africa Oil Corp. ("Africa Oil" or "the Company") (TSX VENTURE:AOI)(OMX:AOI) is pleased to announce that Africa Oil, together with Range Resource Ltd. and Lion Energy Corp., its joint venture partners, has entered into amending agreements with the Government of Puntland, represented by the Puntland Petroleum and Mineral Agency, in respect of the production sharing agreements ("PSAs") for the Dharoor Valley Exploration Area and the Nugaal Valley Exploration Area. Under the PSAs, as amended, the First Exploration Agreement has been extended for a further 12 months, from January 17, 2011 to January 17, 2012.

Under the amended PSAs Africa Oil is obligated to spud a minimum of one exploratory well in the Dharoor Valley Exploration Area by July 27, 2011. A second exploratory well is required to be spudded in the Nugaal Valley Exploration Area or, at the option of Africa Oil, in the Dharoor Valley Exploration Area, by September 27, 2011.

In addition, the proposed farmout to Red Emperor of a 20% interest in each of the PSAs, previously announced on June 15, 2010, has been approved by the Government. Under the Red Emperor farmout Red Emperor is committed to pay a disproportionate share of the costs related to Africa Oil's drilling commitments in the First Exploration Period.

Keith Hill, President and CEO of Africa Oil commented on these developments as follows: "We look forward to the upcoming wells in the rift basins of Puntland which we believe could hold similar potential to the geologically related basins in Yemen which contain more than 6 billion barrels of discovered reserves. We appreciate the cooperation and efforts from the government in granting this extension and are in advanced negotiations with a drilling contractor to meet these obligations. We also would like to welcome our new partner Red Emperor to the joint venture."

Africa Oil Corp. is a Canadian oil and gas company with assets in Kenya, Ethiopia and Puntland (Somalia). Africa Oil's East African holdings are in what is considered a truly world-class exploration play fairway. The Company's total gross land package in this prolific region is approaching 350,000 square kilometers. The East African Rift Basin system is one of the last of the great rift basins to be explored. New discoveries have been announced on all sides of Africa Oil's virtually unexplored land position including the major Tullow Albert Graben oil discovery in neighbouring Uganda. Similar to the Albert Graben play model, Africa Oil's concessions have older wells, a legacy database, and host numerous oil seeps indicating a proven petroleum system. Good quality existing seismic show robust leads and prospects throughout Africa Oil's project areas. The Company is listed on the TSX Venture Exchange and on First North at NASDAQ OMX-Stockholm under the symbol "AOI". Source

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Like I said before I don't welcome this, however its interesting to note that two blocks alone in Puntland have potentially the same yield as Sudan and Yemen.

[Lailax]

Originally Posted by Xusein

Wonder where in Somaliland they're finding these gems...

Wonder how much the land near it would cost

[Janub]

Originally Posted by Xusein

Wonder where in Somaliland they're finding these gems...

Smart man, I'm thinking about setting up my own exploration team.

[Xusein]

I was hoping that they would be in Gobolka Togdheer but it seems that is not the case.

According to the website, their two mines are in Simodi and Mandheera, two villages further west closer to Hargeisa.

[Janub]

Its a shame that I know Somaliland's geography better than you.

You can clearly see its Waqoyi terrain. Maybe you could confuse it for Sool, Nugaal or Sanaag or possibly parts of Bari or Awdal, but Togdheer is too reddish and flat (VERY similar to Mudug & Galguduud) to have been featured in the images shown on the website.

[Xusein]

Unfortunately no, I'm no expert in telling the regions apart other than towns.

Not all of Togdheer is flat though, it has foothills in the extreme north.

[musa90]

Originally Posted by Xusein

Unfortunately no, I'm no expert in telling the regions apart other than towns.

Not all of Togdheer is flat though, it has foothills in the extreme north.

Crash course in North Somali landscapes:

Sanaag-Bari: Very rocky & hilly with a white hue of rocks
Sool-Nugaal: Similar to Sanaag-Bari but it becomes less hilly
Mudug: Semi-flat with red soil and many african umbrella trees
Togdheer: Similar red soil as Mudug but less trees and more rocky
Waqooyi Galbeed: Soil is yellow-brown, hilly.

[Janub]

Originally Posted by musa90

Crash course in North Somali landscapes:

Sanaag-Bari: Very rocky & hilly with a white hue of rocks
Sool-Nugaal: Similar to Sanaag-Bari but it becomes less hilly
Mudug: Semi-flat with red soil and many african umbrella trees
Togdheer: Similar red soil as Mudug but less trees and more rocky
Waqooyi Galbeed: Soil is yellow-brown, hilly.

There's your lesson, Xusein. When you move south it becomes harder to tell some regions apart, Shabelle and Jubba are hard to distinguish but Jubba is a bit hilly, Bay & Bakool are flat plains with no rivers but sufficient waterfall, Gedo is part arid and part tropical sort of a mix of Bay/Bakool and the river regions.

[Xusein]

Thanks for the geography lessons, Janub and Musa.

If or when I ever go back I'll try to pay more attention to the styles of land. When I went when I was a teenager, it looked all the same to me.