Somalia | Economy and Infrastructure News

[Constantine MMX]

A glimpse into 2012:

World Wide Somali Students



PLANTING THE SEEDS THAT WILL BEAR TOMORROW'S FRUITS

As we receive the first pictures (more details and commentary to come soon) of the WSSP conference in Somalia, the team in London is working hard to lay the groundwork for the UK Launch Conference on Saturday 19th November, inshallah.

The Agriculture Program is a cornerstone project led by brother Mohamoud: a trained Agricultural expert and a practical individual who has worked tirelessly over the past few years to give his knowledge back to his people and homeland. Read the following Spotlight Flyer to learn more about the Agriculture Program.

Over the coming few weeks, we hope to shine our Spotlight on the other two areas of Operation Restore Home 2012 (Education and Medicine/Healthcare) so that our members, supporters and followers have a better idea of the objectives. We ask all Professionals/Graduates (of all discplines) to sign up to "Worldwide Somali Professionals" on LinkedIn and take part in discussions, vote and help steer the direction of Operation Restore Home 2012. - Dr. Sharmarke Mohamed.

[Xusein]

I admire their enthusiasm.

[Constantine MMX]

They mean business, another planned conference will take place in Mogadishu, 2012. I might be there as well, if things work out for me.

[Xusein]

The Somaliland VP opened a new livestock center in Berbera. Not in English, sorry.

M/weyne Ku Xigeenka Oo Xadhiga Ka Jaray Maxjarkii Labaad Ee Shirkada Al-jaabiri Iyo Mashaariic Kale


Hargeysa (Somaliland.Org)- Madaxweyne ku xigeenka Somaliland, Mudane, C/raxmaan Cabdilaahi Ismaaciil (Saylici) ayaa maanta xadhiga ka jaray dhismaha maxjar labaad oo Ganacsadaha Sucuudiyaanka ah ee Saleebaan Al-jaabiri ka hirgelisay magaalada xeebta ah ee Berbera ee gobolka Saaxil.

Madaxweyne ku xigeenka oo ka hadlay furitaankii Maxjarkaasi ayaa soo dhaweeyay maalgelinta uu ganacsadahaasi ku sameeyay dalka waxaanu yidhi “Farxad ayay noo tahay in aanu furno maxjarkii labaad ee shirkadani maalgalisay oo sida noo muuqata runtii waa maxjar balaadhan markaa gacmo wada jira ayay ku gooyaan waxaanay muujinaysaa wax wada qabsiga beesha caalamka iyo dawlada Somaliland, waxaanan diyaar u nahay markasta inaan soo dhaweyno cid kasta oo wax gashanaysa dalkan iyo dadkan faa’iidana isoo kordhinaysa isaguna ka faa’iidaysanaya.”

Wasiirka xanaanada xoolaha Dr Cabdi Aw Daahir oo xafladaasi ka hadlay ayaa sheegay in bishan carafo hal dollar laga dhimi doono lacagtii xoolaha laga qaadi jiray, waxaana hadalkiisii kamid ahhaa ahaa “Horta maxjarkan waa maxjar qaranku leeyahay waxaana maamulka shirkada Sucuudi Imaaraat ee maamusha maxjarada Al Jabiri, waxaanu hal dollar ka dhinay qiimihii xoolaha dhoofka laga qaadi jiray bisha Carafo, sanadka cusubna in aanu dib u eegno oo u qiimayno in intaa laga sii badiyo.ayaan rajaynaynaa.”

Wakiilka Shirkada Sucuudi Imaaraat ee maamusha maxjarada shirkada Al-jabiri Mr. Xasan Qalaf Xasani ayaa u mahad naqay xukuumada Somaliland iskaashiga iyo wada shaqaynta ka dhaxaysa waxaanu tilmaamay inay dhiirigeliso mashaariicda ay ka fuliyaan dalka. Wakiilku waxa uu intaasi ku daray in maxjarkani uu faa’iido u yeelan doono wadanka, waxaanu xusay in maxjarkan cusub bedkiisu yahay 3km oo isku wareeg ah.

Wakiilku waxa uu sheegay in shirkadiisu ay horumarinta gobolka Saaxil ugu deeqday adduun dhan 70 kun oo Dollar.

Sidoo kale waxa uu madaxweyne ku xigeenka xadhiga ka jaray mashaariic kala duwan oo wasaaradda Duulista iyo Hawaddu ka hirgalisay madaarka Berbera iyo jid laami ah oo dhererkiisu yahay 350M, waxaana mashaariicdaasi faahfaahiyay oo ka warbixiyay wasiirka Duulista iyo hawada Md. Maxamuud Xaashi, waxana uu yidhi “Mashaariicdan waa mashaariicdii ay xukuumadani u balan qaaday bulshada Somaliland, gaar ahaan gobolkan Saaxil kuwaasi oo horumarinaya kaabayaasha dhaqaale guud ahaan mashaariicdan waa kow iyo toban mashruuc oo la xidhiidha jidadka iyo casriyaynta madaarka Berbera.”

Sidoo kale madaxweyne ku xigeenka waxa uu kormeer ku tagay dekeda caalamiga ah ee Berbera dhismayaasha cusub ee ka socda iyo qaybaha cusub ee lagu kordhiyay waxaanu halkaasi madaxweyne xigeenka warbixin ku siiyay maareeyaha dekeda Berbera Axmed Yuusuf Dirir, waxa kale oo madaxweyne ku xigeenku kormeer ku tagay garoonka kubada cagta ee magaalada Berbera oo dhismihiisu wado dawlada hoose ee Berbera. Maayarka ayaa ka warbixiyay garoonkan magaalada Berbera waxaana uu yidhi “Garoonkan waxa aanu ugu tallo-galnay mid lagu qabto xitaa ciyaaraha Afrika, waxa nashqada ku jira qaybtii VIP-da meeshii diyrayska lagu kala bedelanaaya si dadku aanay isku arag.” Madaxweyne xigeenka Somaliland iyo wefdigiisu waxa kale oo kormeeray haamaha kaydka shidaalka ee Berbera, waxaanay maantaba ku soo noqdeen Hargeysa.

Weriye Cumar Maxamed Faarax

Somaliland.Org/Hargeysa

cumarmfaarax@hotmail.com

http://www.somaliland.org/2011/10/18...shaariic-kale/

[Xusein]

More news from Somaliland.

Country’s First International Business Fair to Take Place 17th-21st December 2011


HARGEISA (SomalilandPress)—According to the organizers of Somaliland Business Fair, the country’s first business fair will take place on December 17 to 21st of 2011 in the capital of Somaliland Hargeisa. Mr. Ali Mohamed Yusuf who is the managing director of this business expo said more than forty companies from 10 countries will be part taking Somaliland International Business Fair.

Mr. Ali Mohamed went on to say thus far they have confirmation that businesses based in Somaliland, Djibouti, Ethiopia, Kenya, Yemen, South Somalia, UAE, China and Turkey will be showcasing their products and services to the people of Somaliland. The purpose of this international business fair is to give these businesses an unexploited market in Somaliland and grow revenue by their presence here. Also this opportunity will show the world the role that Somaliland can play in the East African Market which is currently an emerging market.

Somalilandpress | Oct 19, 2011

http://somalilandpress.com/somalilan...ber-2011-24175

[ja'far]

Nicely done Xusien!!!!!!!!!

[Constantine MMX]

Originally Posted by Xusein

The Somaliland VP opened a new livestock center in Berbera. Not in English, sorry.

Exports to Saudi Arabia alone are set to hit a million heads of Livestock by 2013, I predict a few more opening across Woqooyi and Bari.

[Xusein]

Definitely. If all goes to plan, commerce through both Berbera and Bosaso ports is set to grow a lot in the next 2 years and money will be coming in the other way...it is looking good indeed.

[desert burner]

wonderful news to hear

[Constantine MMX]

BCIMR Opens First Commercial Bank In Somaliland

Hargeysa, Somaliland, February 07, 2009 (SL Times) - The Banque pour le Commerce et l’Industrie - Mer Rouge (BCI-MR), the partly-owned subsidiary of French bank BNP Paribas, held a ribbon-cutting ceremony on Sunday in Hargeysa to officially open the first commercial bank ever in Somaliland. It is the first bank to open in Somaliland and is expected to boost Somaliland banking services and connect the unrecognized republic to the global market. It will also create new jobs for the locals.

The bank will issue a letter of Credit (LC) to it’s clients that can be used for international trade for both import and export transactions. Participants in the ceremony included Mr. Thierry Choinier – First Secretary of France’s Embassy to Djibouti, business executives, traders, traditional elderly, Parliamentarians, Central Bank officials, varies organizations from NGO’s and special guests.

BNCI-MR (Djibouti) Managing Director Mr Ould Amar Yahya said the Bank’s program of branch openings was a solid indication of its confidence in the region and today is the most respected bank in the Horn of Africa.

“BNCI-MR opened the first branch in Djibouti 1954 and has since opened over 71 branches world wide - today it’s the most respected bank in the Horn of Africa and has contributed greatly to the development of the Horn of Africa,” he said.

Somaliland Finance Minister, Hussein Ali Duale (Awil) - who was also present described the event as a milestone for his administration who he said took a lot of efforts to make this possible and for Somaliland as a nation.

“The world economy heavy relies on financial institutions that lets them borrow capital and issue them LC without them all businesses are crippled,” he said while addressing the guests. He added that anyone who wants to open a bank in Somaliland is welcome as long as they will meet the country’s standards and terms.

The Banque pour le Commerce et l’Industrie Mer Rouge (BCIMR) is a subsidiary of the French group Bred Banque Populaire, which is present in 71 countries, with well known names such as NATIXIS, COFACE, Banque Populaire, etc. The BCIMR is the largest bank in the Horn of Africa, representing between 65% and 70% of deposits and 45-50% of the credits distributed. From its base in Djibouti, the BCIMR has played a significant part in over fifty year’s of economic development of the region; including Ethiopia, Somalia, Yemen, and Eritrea.

Subsequent to the new merger of Banque Populaire/Caisses d’Epargne, the group has now emerged as the leading French bank in terms of asset management, with over 500 billion Euros managed around the world, 40 billion Euros of stockholders’ equity, 8200 branches and over 100000 employees.

The BCIMR, supported by its intra-group synergies, offers a diverse and complete range of services in three fields:

- Retail Banking, from current account services to the most complex financial engineering services in the areas of corporate financing and asset management,
- Financing and Investment Banking, to meet the development requirements of major economic players,
- Trade Services, for all operations involving documentary credit, international guarantees and stand-by letters of credit.

The BCIMR is connected to all of the principal financial markets around the world for its investment needs and its financing operations in international trade. It is the ideal partner for investors in the Horn of Africa. With subsidiaries of its international banking group, the BCIMR participates in sophisticated corporate finance and estate management solutions to finance large scale-projects.

The BCIMR has begun to make inroads for its long term strategy for diversification of its commercial operations and its adaptation to the regional economic environment. Based on acceptable conditions of risk and profitability, the BCIMR continues to offer its clients even more innovative products and services. This diversification of its products and services is a decisive factor in reducing the volatility of the profit margin.

Its objective is to maintain a positive margin between the growth rate of its net banking income — which concerns its interest margin and commissions — and that of its management expenses. This enables it to pursue a policy of reducing its working coefficient or indicator of operational efficiency, without any reduction in the cost necessary for revenue growth. - Source

Old news, but never posted here. More and more international banks are opening in Hargeisa.

[Xusein]

I would have prefered a local bank to be the first commercial bank but this is still welcome news.

[Ras Siyan]

Glad to hear that the BCIMR opened up a branch in Somaliland... It's one of the 2 oldest banks in Djibouti...

[Constantine MMX]

Interesting article, highlighted earlier by Xusein in the politics topic:

Turkish ministry to train Somalis to fish, raise grain

ANKARA - Anatolia News Agency

Ninety male and female Somalis will come to Turkey to be trained on how to raise livestock, use tractors and other agricultural equipment, manage complexes, slaughter animals and fish as part of efforts of the Turkish Agriculture Ministry for its “Somali Action Plan.”

The plan was recently approved by the Agriculture Ministry, which will train Somali farmers selected by the Somali authorities how to raise livestock and use agricultural equipment. All the expenses of the participants will be covered by the Turkish ministry, which collected nearly $350 million in aid through various donations. Paid expenses include accommodation, transportation, training and food.

After receiving training for three weeks in Turkey, the Somali farmers will be given some plots of land by the Somali authorities to grow their own crops and raise their own animals. Farming equipment worth nearly 4.3 million Turkish Liras has been donated to the Somali Action Plan.

Turkey will also supply various seeds, tractors, irrigation systems and other equipment for the Somali farmers. The ministry plans to send nearly 100 tons of corn, rice and other vegetable seeds to the famine-stricken country.

Meanwhile, Turkey’s Meat and Fish Institute (EBK) plans to slaughter 3,000 cattle during the Kurban bayram holiday Nov. 6 to 9 and ship the red meat to Somalia. Turkey’s Grain Board (TMO) will also send nearly 35,000 tons of flour to the country. In total, Turkey will ship nearly 20 fishing boats, five excavators, 20 tractors, 20 heavy plows, 20 cultivator machines and 50 computers and printers to Somalia.

Turkish Prime Minister Recep Tayyip Erdoğan and his family visited Somalia’s war-torn capital Mogadishu on Aug. 19 to highlight the need for greater famine relief. It was the first visit by a leader from outside Africa in almost 20 years.

“No word is sufficient to describe the agony there,” Erdoğan said while addressing the 66th session of the General Assembly of United Nations last month.

He said Turkey’s approach to Somalia was grounded firmly in humanitarian principles. “Along with emergency humanitarian aid, Turkey is also determined to help build the infrastructure facilities that will enable this country to stand on its feet.”

Sunday, October 23, 2011

[musa90]

Interesting updates, keep up the good work.

[Constantine MMX]

Turkey plans to build the largest children’s hospital in East Africa in the Somali capital of Mogadishu. The children’s hospital will be funded and constructed by the Yardım Eli aid association and will contain 100 beds. The complex in which the hospital will be located will also include an education center, a mosque and a guesthouse. - Source

[Xusein]

Cant wait for construction to start! When it happens, a development thread in the projects forum should be created.

[Constantine MMX]

I've gone ahead and made one now, we should update as construction starts and progresses.

[Ras Siyan]

Turkish ministry to set up second hospital in Somalia

The Turkish Ministry of Health will set up a second field hospital in Somalia within the scope of Turkey’s assistance to the famine-stricken country.

The second hospital will be resistant to severe climate conditions and be set up near the former parliamentary building which now houses shelters. The Ministry of Health’s Somalia team’s head Dr. Akif Saatçio?lu said Nov. 5 the second hospital would be larger than the first one that the ministry previously set up in the region.

Saatçio?lu said the second hospital would be located in one of the best places of the capital Mogadishu and would be close both to shelters and the city center. The hospital will be open to patients soon, he added. With two field hospitals and one mobile hospital, Turkey will be able to help people in a very large part of the capital.

Somalia is facing one of the worst droughts of the past 60 years. The epicenter of the drought lies on the three-way border shared by Kenya, Ethiopia and Somalia, a nomadic region where families heavily depend on the health of their livestock. Uganda and Djibouti have also been hit by the disaster. Tens of thousands of people have so far been displaced due to the humanitarian situation in the region.

Meanwhile, Turkish Ambassador to Mogadishu Cemalettin Kani Torun has wished peace and development for Somalia during the Eid al-Adha religious holiday. Torun said yesterday activities of Turkish aid associations became more intensive following the August visit of Turkish Prime Minister Recep Tayyip Erdogan to Mogadishu.

Torun said aid associations had collected donations for Somalians for the religious holiday, and the meat of sacrificed livestock was being delivered in Mogadishu and southern parts of the country. The Turkish Embassy to Mogadishu was opened Nov. 1.

source

Not sure which hospital it's about, but I'm admiring the Turkish role in Somalia so far...

[Ras Siyan]

Originally Posted by Constantine MMX

The above is probably related to:

Newly-found Somali company to bring peace to country

Five Somali companies signed an agreement here on Sunday to establish a joint company providing much-needed electricity and gas infrastructure to the under- developed country.

The agreement was signed at the sideline of the round table meeting after the closing of the United Nations' Somalia Conference in Istanbul.
Sharif Ahmed Said, director of the Somalia Business Council, said: "this project will give Somali people the peace dividend that has eluded them for so long."

The Trans-National Industrial Electricity and Gas Company will start with an investment of 1 billion US dollars from the partners and other investors. The five companies, which asked to remain unnamed for the moment, will provide the initial 300 million dollars down payment. The five companies are all local, not international.

The remaining funding will be provided by individual, not institutional, investors and by the manufacturers themselves, Abdullahi Hussein, spokesman for one of the companies told Xinhua.

The company aims to implement the Somalia Peace Dividend Project, a labor intensive electricity and gas infrastructure program to provide these services for the new industrialization of Somalia, and will be carried out in two phases.
The first phase, expected to start in the next 6 months, will train and use the skills of young people to provide electricity to exclusive economic zones and communities.

A written press release said the workers will be able to improve their livelihood as they receive training to construct, install and manage the infrastructure, which will help "reduce poverty, find alternatives to looting, piracy and unnecessary violence and stabilize the country and bring lasting security and prosperity to Somalis."

The second phase where factories will be established in specially designated economic zones for the local transformation or for fisheries, livestock, agriculture and mining industries, is expected to go live in 12-18 months, which Hussein admitted as " optimistic."

Overall, the project aims to provide training and employment opportunities for an initial 100,000 jobs throughout Somalia and Somaliland. Hussein said security was not a concern for the project, adding that "tribal democracy means we leave control and management to the locals, they are part of the company."

Source

This really is interesting. Any news on the project?

[Xusein]

I'm also interested in knowing what came about that.