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Discussion Starter · #1 ·
Somalia, Kenya sign power, electricity pacts

The transitional federal government of Somalia on Saturday signed power and electricity pacts with neighboring Kenya, a Somali official said.

Abdurrazak Sheikh Muhyidin, the minister of petrol and electrical energy, water and minerals, said that Kenya is ready to help Somalia restore its power supplies.

The minister also said Somalia will be provided electricity generating equipment, including solar devices, by the Kenyan government.

The accord, which took place in Nairobi, was signed by Somalia’s power and energy minister and Kiraitu Murungi, the Kenyan minister of energy, according to Muhyidin.

Murungi said Kenya will aid the construction of electricity plants in Somalia.

The minister also said Kenya will help train the employees of Somalia’s ministry of electricity and energy.

Muhyidin said the Somali government will enroll all private electric supply companies in the nation in an effort to unite them.

The lack of a strong central government since 1991 has led to many Somali businessmen establishing private electricity companies.

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Discussion Starter · #2 ·
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."

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Discussion Starter · #3 ·
Old, but significant.

Firm to Fund Berbera Port

ADDIS ABABA - French company Bollore Africa Logistics is to invest €500-million in the Somali port of Berbera, a crucial lifeline for landlocked Ethiopia, a diplomat said Wednesday.

Berbera, less than 300 kilometres east of the former French colony of Djibouti, faces Yemen on the Gulf of Aden and is the economic capital of Somaliland, a breakaway state more stable than the rest of Somalia.

"Bollore is about to invest €500-million in Berbera port to improve the port and create a new corridor to the hinterland.

Ethiopia is very excited about that," a French diplomat based in Addis Ababa said.

"The project is not completely finalised, but Bollore has a huge presence in West Africa and is interested in East Africa," the diplomat said on condition of anonymity.

The company is part of a group owned by Vincent Bollore, a leader in West Africa's ports sector and close friend of French President Nicolas Sarkozy.

Somalia has the longest coastline on the continent and forms the "horn" of Africa, which juts out into the Indian Ocean and Gulf of Aden and commands access to some of the world's busiest maritime trade routes.

Ethiopia has had good relations with the self-proclaimed government of Somaliland and is heavily reliant on the port of Berbera for supplies.

The Bollore group confirmed to AFP in Paris it was interested in the project but did not elaborate further.

"We have not made an offer yet and no amount has been agreed," a spokesperson said.

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Discussion Starter · #4 ·
New Somali Debit Card Expected to Boost Business Transactions


In Somalia, there’s now an easy way to access money sent by relatives overseas, a debit card introduced by the Somali international money transfer company Dahabshiil Financial Services

Somalis can use it at more than 250 locations in Somali-speaking areas, including Somaliland, at supermarkets, petrol stations and other businesses that honor the card. For the first three months, customers will not be charged a transaction fee.

If the company’s branches are closed, customers can use a cash-back service allowing them to add an extra amount of money to the total purchase price so they can get cash or buy other goods.

The debit card was introduced this week in Hargeisa, Somaliland, in part, says Dahabshiil CEO Abdirashid Duale, because there’s customer demand from businesses and a steady supply of electricity needed for the Internet, a crucial part of the new debit card system.

“The debit card goes through a system to check for security, [to see if the] customer has money on the card…. Without the Internet [it] will not work,” he says.

Duale expects the card to be available soon in the peaceful parts of Somalia and at some point in the capital, Mogadishu.

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Discussion Starter · #5 ·
Big increase in meat consumption in Dubai

3 May 2010 DUBAI — Dubai’s meat consumption has increased dramatically if the number of animals imported for slaughtering is an indication.

Dubai Municipality has recorded a steep increase in the number of farm animals brought for tests after being imported through various ports in the emirate this year.

The civic body’s Veterinary Services Section, which conducts various tests on imported livestock to ensure animal and public health safety received 3,52,610 animals during the first quarter of this year — an 80 per cent increase from the 196,143 figure for the same period in 2009.

Head of the section Hashim Al Awadhi, told Khaleej Times that 80 per cent of the livestock are imported for slaughtering. “Only 20 per cent goes for breeding,” he said.

The official attributed the steep hike in livestock imports to increased meat consumption and resumption of livestock imports from Somalia after the ban on the country’s livestock was lifted by the UAE’s federal authorities.

“Somalia, India and Pakistan are three major countries from where we receive cows, sheep and goats. Somalia is sending a lot of livestock these days after the Ministry (of Environment and Water) lifted the ban on their imports,” he explained.

The Veterinary Quarantine Unit in the section tests all imported animals, and inspects shipments of animal foods imported and intended for re-export to ensure that they comply with required health and safety specifications in the emirate.

According to Al Awadhi, there has also been an increase in the number of shipments of imported animal feeds during the first quarter of this year. He said there were 273 shipments as compared to 237 shipments in 2009, recording a rise of 15 per cent.

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Discussion Starter · #6 ·
WorldRemit Founder Wins Entrepreneurship Award for New Money Transfer System



Dr Ismail Ahmed, the founder and CEO of WorldRemit, won the entrepreneurship award at the Somali Achievement Awards ceremony held in London on 11 December 2010 in recognition of an innovative online money transfer business he established earlier this year. WorldRemit enables members of the diaspora to send money safely from the comfort of their own homes at any time of day or night.

Dr Ahmed said, “We are delighted to have won this community award which recognises the contribution of our innovative business to the Somali diaspora. Winning this award as well as the prize we won at the prestigious London Business School business plan competition in May 2010 is a fantastic accolade for our business and our team.”

Traditionally migrants used to send money home through “hawala” agents which meant withdrawing cash from a bank, taking time off to visit an agent, queuing up to hand over cash, and presenting identification documents. Up to 90% of transfers are $100 or less, but on average it takes up to one hour to travel to and from an agent location. In some cases the travel costs of those who don’t live near agents are more than the amount they send.

Now, using a variety of payment options including debit and credit cards, customers can send money to family and friends from the privacy and convenience of their own home or office without the need to queue up at an agent location.

WorldRemit currently offers money transfer to 25 countries. Recipients can receive money either by collecting cash from one of the many pay-out locations or directly in their bank or mobile phone account.

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Discussion Starter · #7 ·
2007 article with interesting figures on growth and challenges

Somalia: Civil War Hides Steady Growth of Internet Services

Balancing Act (London)

March 5, 2007 - Posted to the web March 5, 2007

Russell Southwood
London

Somalia was one of the last African countries to get connected to the Internet after the country established its first ISP in 1999. But today the country has internet connectivity to almost 53% of the whole area of the country and the Internet business is mushrooming in the country and becoming one of the fastest growing services along with telephony.

Based on the 2006 report of Somali Telecommunication Association (STA), a watchdog organisation that oversees the Policy development and regulatory framework of ICT sector in Somalia, by the end of 2005 there were more than 0.5 million users of Internet services in the country with 22 established ISP and 234 cyber cafes with growth of 15.6% per year.

Several types of Internet services are available in the country including dial up services that are mainly provided by the major network operators in the country. The major players include Global Internet Company which is a jointly owned by the three major networks of Hormud Telcom, Telcom Somalia and Nationlink. Global Internet Company is the biggest ISP in the country and the sole provider of dialup services in South- central regions of the country. While in Somaliland and Puntland, Internet services has been bundled within the network products and services whereby each network delivers Internet dialup services into its own subscribers. Major regional service leaders include Telsom, and Ts in Somaliland regions and Golis and STG in the Puntland region.

Dial up internet services in Somalia is the fastest growing internet services in Africa as Somalia enjoys landline growth of more than 12.5% per year compared to Horn and eastern Africa countries where landline is experiencing a serious decline due to vandalism and increase cost of copper cables in the international market. This growth is attributed to the unique services policy adopted by the Somali telcom operators that is based on free local calls within each town of in the country. Landline has become the product of choice and most affordable telecommunication service in the local market. By just paying a flat rate of US$ 10 per month for unlimited calls and US0.005 per minute for Internet connections, with one time connection fee of US$50.

The other high-flying Internet service in the country is Wireless Internet for corporate, learning institutions, UN, NGO and diplomatic Missions. This service is provided by both dial up and non-dial up ISPs. Major cities like Mogadishu, Hargeisa, Bosaso, Kismayo and Galkayo, the services has been delivered at the pricing structure ranging from US$ 150- 300 per month for unlimited internet access with bandwidth rate of 64kbs up and down.

For instance, the capital city Mogadishu hosts the biggest wireless internet services and has largest subscriber base in the country and Dalkom (Wanaag HK), webtel, Orbit, and Unitel are the major leaders of service providers. The challenges facing the wireless internet providers include the cost of subscriber terminal equipment and electricity supply as well the cost of bandwidth.

Somafone, one of the GSM services providers, has also introduced a GPRS service for wireless Internet in the market. GPRS service has not yet picked up in the local market but it is available in Mogadishu and its neighbourhood regions of Lower and Middle Shabelle.

ADSL and LRE( long range ethernet) Internet services are also offered in Mogadishu, specially for the business centres and corporate institutions in the city. The services has not been extended to other major cities in the country but expected to be completed in the near future. So far Global internet is the only operator at the moment able to provide ADSL services in Mogadishu.

In the last quarter of 2006, Dalkom Somalia came up with a programme extending ADSL services throughout the country by providing ADSL equipments to all network operators in the country with a revenue sharing business model, after realising a great shift of Internet connectivity and the huge demand for broadband services in the market. Most of the operators are studying this proposal and expected to be endorsed by this year. It hopes this will help the operators to improve internet usage, increase the subscriber base and connectivity of internet in the country. Dalkom Somalia says it has technical and resources capacity to roll out countrywide ADSL services in collaboration with all the networks in the country.

The cost of ADSL services in country, believed to be the cheapest in the sub-region. For instant, the cost of the terminals plus the installation is about US$100 while the rate of services is determined by the number of computers that to be connected. For example ADSL services connected to one computer costs US$30 per month for unlimited Internet access and unlimited downloads.

Internet over the satellite services is also offered in the country especially in the remote areas and the cities that have no either dialup or wireless Internet services. Major clients include UN, NGOs, financial institutions particularly the remittance companies and Internet Cafes. Currently over three hundred satellite terminals, connected to various teleports in Europe and Asia are available throughout the country. This type of services have shown a stable growth of 10-15% per year.

But the more the broadband wireless Internet increases throughout the country, the less there will be a need for satellite Internet. Therefore the market for satellite Internet has gone down in the past three years in the urban areas of Somalia while this type of services picked up in the rural areas and the demand has been steadily growing up. The Educational centres, media companies and financial institutions have been contributing to the growth of the demand of Internet over the satellite services as these institutions are pushing the extension of services into the remote areas of the country, in order to be able to operate in rural areas.

The biggest challenge for Internet services in Somalia is the cost of bandwidth as most of the customers are currently paying between US$ 2500-3000 per Mbs per month. The Major international bandwidth providers include TAIDE, Skyvision, Etisalat, Sinosat, and Newskies , Eutalsat, Panamsat and Intelsat.

Dalkom, an international gateway and Internet backbone operator in Somalia provides various products and solutions for the internet services providers(ISP), corporate institutions , learning centres and cyber Cafees include cheap bandwidth through Its backbone, internet over satellite and Premium routes for the content providers and media operators as well international voice gateway services for global carriers.

Dalkom Somalia considers the internet market one of the fastest growing sectors in the country and it will keep on growing in the next two decades as market is shifting into data and Voip services. Most of the ISP are shifting to development of contents, integrated solution of Voice and data, VOIP, hosting and video streaming as e-commerce and media over internet are the deals of the day. Dalkom's international gateway has a capacity to support the growing internet market demand of country and still trying to source more affordable bandwidth in the international market in order to improve affordability of bandwidth in the local market as bandwidth becomes a precious commodity in the market. Dalkom Somalia has also plans to expand its international gateway services into regional operators by building a sub-station in the regions of Somaliland and Puntland as well the completion of its commercial national backbone in order to further improve international connectivity of the country and minimise the cost of network operations as the current international gateway supports the network operators in South-central Somalia

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Discussion Starter · #8 ·
Government of Punt Land State of Somalia, Lootah Investment sign strategic agreements worth Dhs170m

Lootah Group, a regional industrial group operating in Middle East and Africa, has signed incorporation agreements with the Punt Land State of Somalia Government, initially worth Dhs170m.

The newly born companies will strive to develop, manage and operate the Bosaso Airport, Seaport and a Free-Trade Zone as well as co-manage state customs.

According to the agreement, a set of new companies will be established. The Bosaso Airport Company will have a mission to provide leading airport aero-ground services. It will initialy work to complete the Airport Complex towards international standards including its new 3.4 km runway, taxi and apron areas, main and auxiliary buildings and security perimeters.

The Bosaso Seaport Company shall have a mission to provide attractive seaport services by increasing berth depths and maneuvering capabilities, increasing the quayside by 400%, and establishing a prefab concrete block shoulder at sea to protect basin from swell. The Bosaso Free Trade Zone over 500,000 square metres shall improve logistic services and cost/performance to all merchants and traders alike.

Integratia Business Group, a subsidiary of Lootah Group has also signed a professional services agreement to co-manage Bosaso Customs for the coming 10 years and introduce best practices that will increase agility to material movement, improve merchant satisfaction and add to state earnings. On the onset, all the current business areas; laws, bylaws, policies, standards, regulatory, work processes, human capacity, financial and technologies, will be developed and set to meet the international standards for safety, security as well as boost of overall effectiveness and effciency.

His Excellency, The President of the Punt Land State of Somalia Mohamud Musa Hirsi, welcomed the agreement saying:

"These infrastructure and services initiatives are key to position our state on the fast track for growth. At the home of Africa, Bosaso is situated at the crossroad of business and trade. We should put all our effort to make the Punt Land State of Somalia a safe place for foreign investors, and help grow our economy. These new initiatives will also have a positive impact on the people of Somalia, as new job opportunities arise. We believe that this new partnership with Lootah Investment will help us reach a better future."

Ibrahim Saeed Ahmed Lootah, Chairman of Lootah Investment and Lootah Group, added:

"We are very committed to support the growth vision of his Excellency the President of the Punt Land of Somalia and we are very privileged to partner with the state government. We have carried out many projects across the region and we have the appropriate knowledge to help grow these initiatives to fruition and success."

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Discussion Starter · #10 ·
Beledweyn River Water Filtration Plant



Press Release
Thursday, January 06, 2011

Napsure supplied a modern and state-of-the-art river water treatment plant with a production capacity of 100m3/day to Furat Mineral Water in Beledweyn, Somalia.

Naspure is a Sharjah (UAE) based and Somali owned company specialized in the design, manufacturing and installation of water treatment plants. The installation and commissioning of the treatment plant was made by local technicians following an Operation & Maintenance Manual written in Somali language without a single mistake.

The treatment plant is very modern, fully automated, compact and operated by PLC (programmable logic controller). The treatment plant removes dirt, particles, disease causing bacteria (pathogens), and viruses and produces a high quality drinking water that far exceeds WHO standards. Naspure will heavy rely on local technicians for any future water projects in Somalia.

The treatment plant is currently operated by Furat Mineral Water, a Beledweyn based company. Furat’s owner Abdulqadir Nuur Liiban is very pleased with the excellent services provided by Naspure. - Source



Company website: www.naspure.com
 

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great thread. I love how Somalis themselves are so motivated and entrepreneurial, almost every business success you hear about in Somalia is from a Somali, either diaspora or local. (and in mobile communications and internet, they seem to really be thriving)

I can only imagine how far the country could go if it only had peace.
 

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Discussion Starter · #12 ·
^The situation forces them to take the initiative, its not really a case of motivation per se. If you want a school, hospital, Internet, Cinema & recreation in your town, you have to organise and build these structures and links yourself, since at the moment there is no one in the capital that has the capacity to do it for you, so you have to rely on yourself and other like minded citizens and diasporans.

I do hope this "do it yourself" culture is fully ingrained across the country by the time peace returns in the South.
 

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:cheers: Love this initiative. Water resources is a major issue that is ignored in Somalia.


great thread. I love how Somalis themselves are so motivated and entrepreneurial, almost every business success you hear about in Somalia is from a Somali, either diaspora or local. (and in mobile communications and internet, they seem to really be thriving)

I can only imagine how far the country could go if it only had peace.
Other than peace and a government, what would be great would be a functional financial system that supplies credit to companies to expand. We are seeing the start of this with companies such as Dahabshiil which are going further than mere remittance services into full-fledged banks. :) This would make the sky the limit. Of course, the chicken and the egg scenario is rampant here, this can't be done until a truly functional, recognized, and legitimate government with real powers is in place. A central bank is necessary as well.
 

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Discussion Starter · #14 · (Edited)
Sudan & Somalia Are Potential Oil Export Majors; China Sets Scene For Geo-Politics.

CAIRO - International oil companies (IOCs) from the West are reluctant to invest in oil exploration and production (E&P) ventures in Sudan and Somalia, which are likely to become major crude oil exporters in the next decade. With China leading non-Western IOCs into these two countries, the stage is being set for a major geo-political competition for gain from the future energy rewards in this part of Africa by the Western powers.

The Western IOCs have concentrated on West Africa and its deep waters, a major petroleum province overtaking most other non-OPEC sources of light/sweet crude oil. Although this region's main oil producers, Nigeria and Angola, are members of OPEC, the others there have grown as exporters of high-quality crude oils. But their exports will decline rapidly from 2011. Nigeria remains the most popular source of such light/sweet crudes, despite chronic unrest in this country

East Africa, however, is emerging as a rival to the west and the north of this continent. This poses a major challenge to Western IOCs which are barred from Sudan and Somalia by issues ranging from human rights to a US-led war on Islamic terror groups. But the US is starting an exit strategy in Iraq - with regional implications for the oil-rich Persian Gulf Persian Gulf, arm of the Arabian Sea, 90,000 sq mi (233,100 sq km), between the Arabian peninsula and Iran, extending c.600 mi (970 km) from the Shatt al Arab delta to the Strait of Hormuz, which links it with the Gulf of Oman - and is beginning a push into East Africa. This should encourage Western IOCs to prepare for a move into East Africa, where they will be competing with Chinese and other Asian IOCs.

China is the biggest investor in Sudan and is moving into Somalia's petroleum resources. And, as Petroleum Argus Argus Media Ltd (formerly known as Petroleum Argus Ltd) is a leading independent provider of price information, market data and business intelligence for the global petroleum, natural gas, electricity and coal industries.

China is the world's second largest oil market, having grown from 5m b/d in 2002 to over 7m b/d. Though still far smaller than the US market (21m b/d), China's has grown by more than 400,000 b/d a year since 2002; US oil demand growth is limited to 250,000-300,000 b/d per annum.

Yearly. . China drives the oil market, while the US is becoming less relevant each year. China in 2007 is expected to overtake the US as the world's biggest green-house gas (GHG) emitter.

Sudan now is producing over 540,000 b/d of crude oil and exporting 425,000 b/d of crude and 30m tons/month of refined petroleum products. Its exports should exceed 1m b/d by 2011/12, 1.5m b/d by 2016 and 2m b/d by 2020. Together with Somalia, Ethiopia and other East African countries, this region may by 2020 export 3m b/d - still below West African or North African exports - but in the subsequent years it might get closer to these rivals. - Source
I don't welcome this at all, nothing should be awarded until Somalia is back on her feet and in the same mature political and social position as say Ghana or Algeria before explorations/drilling is started. Though most figures on Somalia's economy are decades old, most observers have noticed a positive trend in the private sector, the growth of services and agriculture which have become more robust. Industry is estimated at 10%; not until this figure is atleast at 25% should oil become a factor, this is to prevent a potential resource dominated and dependent country. :2cents:
 
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I don't welcome this at all, nothing should be awarded until Somalia is back on her feet and in the same mature political and social position as say Ghana or Algeria before explorations/drilling is started. Though most figures on Somalia's economy are decades old, most observers have noticed a positive trend in the private sector, the growth of services and agriculture which have become more robust. Industry is estimated at 10%; not until this figure is atleast at 25% should oil become a factor, this is to prevent a potential resource dominated and dependent country. :2cents:
However, wisely used Oil would be a blessing to get Somalia back on its feet

However, that being said, it would take at least Somalia another 5 to 10 years to realistically thinking about exporting any natural resource
 

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However, wisely used Oil would be a blessing to get Somalia back on its feet

However, that being said, it would take at least Somalia another 5 to 10 years to realistically thinking about exporting any natural resource
As of now, oil is bad thing for us.

I totally agree with constantine, all these oil companies are looking for is profit and more profit.
 

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I don't welcome this at all, nothing should be awarded until Somalia is back on her feet and in the same mature political and social position as say Ghana or Algeria before explorations/drilling is started. Though most figures on Somalia's economy are decades old, most observers have noticed a positive trend in the private sector, the growth of services and agriculture which have become more robust. Industry is estimated at 10%; not until this figure is atleast at 25% should oil become a factor, this is to prevent a potential resource dominated and dependent country. :2cents:
Don't forget corruption, it would just skyrocket from already shocking levels.
 
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