Category: Economy

Ijaara Dam on South East of Gabiley – Somaliland

Ijaara Dam on South East of Gabiley - Somaliland

Pharo Ventures is the commercial, for-profit arm of The Pharo Foundation and has been set up to harness the power of a vibrant private sector by investing in enterprises across a variety of spheres within East Africa. Continue reading “Ijaara Dam on South East of Gabiley – Somaliland”

Ambitious Development Projects Earmarked in Somaliland’s 2021 Budget

Ambitious Development Projects Earmarked in Somaliland's 2021 Budget

The Government of Somaliland, through the 2021 Budget, will continue to address the country’s most pressing development needs in order to catalyze growth while adhering to the National Development Plan II and the 2030 Vision. Continue reading “Ambitious Development Projects Earmarked in Somaliland’s 2021 Budget”

Leveraging Somaliland’s Blue Economy

Leveraging Somaliland’s Blue Economy

Q1 2021 Op-Ed of Somaliland Professionals Association (SLPA Quarterly Op-Ed)

The blue economy is one of the least exploited sectors in Somaliland contributing 0.3% to GDP despite the fact that the Horn of Africa has the largest coast in mainland Africa. Somaliland has an 850 km long coastline that borders the Gulf of Aden and the Indian Ocean. Currently there are more than 600 species present in Somaliland’s marine fisheries of which 400 could be leveraged commercially. However, less than 10% of these fish stocks are exploited leaving the blue economy completely untapped.  Continue reading “Leveraging Somaliland’s Blue Economy”

African Agency & Chinese Power: The Case of Djibouti

African Agency & Chinese Power: The Case of Djibouti

It seems unlikely that Djibouti – smaller than Belgium and with fewer than 1 million inhabitants – can expect to enjoy any agency vis-à-vis the Chinese behemoth.

Djibouti’s agency depends upon many factors, including its strategic geographical location; the great powers’ concern over the security of sea lanes of communications and, as a result, piracy in the Gulf of Aden; China’s Belt and Road Initiative (BRI) and interest in establishing a naval base there; and reactions to these Chinese decisions by Djibouti’s other partners. In other words, the great powers’ interest in and competition over Djibouti have widened this country’s room for maneuver. Continue reading “African Agency & Chinese Power: The Case of Djibouti”

The State of Energy in Somaliland

The State of Energy in Somaliland

SLPA Q3 Analytical Op-Ed- by Engineer Abdisamed Artan
Somaliland’s State of Energy

Developing countries have one large need limiting their ability to progress and advance – access to affordable, reliable, and clean energy. After all, companies and societies cannot thrive sustainably without access to reasonable electricity and petroleum products. While this pressing issue happens in developing countries around the world, one prime example is Somaliland, where electricity and petroleum products are priced higher than those in their peer countries. Continue reading “The State of Energy in Somaliland”

Somaliland: Adan Abbey – Founder of Horn of Africa Insurance Company

Somaliland: Adan Abbey - Founder of Horn of Africa Insurance Company

Adan is Co-Founder and President of Horn of Africa Insurance headquartered in Hargeisa, Somaliland. The company offers Auto, Property, Medical, and Marine Cargo coverage in Somaliland & Somalia. Continue reading “Somaliland: Adan Abbey – Founder of Horn of Africa Insurance Company”

King Salman Relief Distributes 30,000 Food Baskets in Somaliland

King Salman Relief Distributes 30,000 Food Baskets in Somaliland

Hargeisa, May 04, 2020 — King Salman Humanitarian Aid and Relief Center (KSrelief) concluded yesterday its project of distributing 30,000 food baskets in Somaliland, which benefited 180,000 individuals. Continue reading “King Salman Relief Distributes 30,000 Food Baskets in Somaliland”

Somaliland: Unaware of the Potential in her Blue Economy

Looking at the efforts towards “Ocean- based Resources” or what has lately been known as “The Blue Economy” by African countries bordering oceans and having ports, Somaliland is blind to what is taking place around her, given her wide access to the Red Sea, that is vital and important for the global economy. Continue reading “Somaliland: Unaware of the Potential in her Blue Economy”