Category: Economy

DP World Berbera: Trade Brings Hope for Somaliland

DP World Berbera: Trade Brings Hope for Somaliland

Short video capturing the transformation that has taken place in Berbera since DP World took over the port in March 2017. Honestly don’t think any other company could have pulled off the transition. Continue reading “DP World Berbera: Trade Brings Hope for Somaliland”

Technologies Transforms Ethiopia’s Farmers to Net Wheat Exporters

Technologies Transforms Ethiopia’s Farmers to Net Wheat Exporters

After suffering from recurrent large-scale famines, Ethiopia has become a net exporter of wheat for the first time, owing largely to the deployment of technology. Other African countries should likewise embrace irrigation, mechanization, and fertilizers to improve food security and unlock the continent’s agricultural potential. Continue reading “Technologies Transforms Ethiopia’s Farmers to Net Wheat Exporters”

Tapping Ethiopia’s GERD Power could Spark an Economic Prosperity in Somaliland

Tapping Ethiopia's GERD Power could Spark an Economic Prosperity in Somaliland

The construction of the Ethiopia Renaissance Dam has been a topic of controversy in the Horn of Africa region, with concerns raised about its potential impact on downstream countries such as Egypt and Sudan. However, there are also opportunities for neighboring countries such as Somalia and Somaliland to benefit from the dam’s electricity generation capacity. There are potential economic and social benefits of accessing the cheap electricity of Ethiopia for Somaliland, as well as the challenges that must be overcome in order to realize these benefits. Continue reading “Tapping Ethiopia’s GERD Power could Spark an Economic Prosperity in Somaliland”

EIB Funding Djibouti’s Wastewater Treatment & Water Desalination

EIB Funding Djibouti’s Wastewater Treatment & Water Desalination

Solar powered desalination scheme to transform water security for 550,000 people; largest ever EIB engagement in Djibouti signed during working visit to Luxembourg

Continue reading “EIB Funding Djibouti’s Wastewater Treatment & Water Desalination”

Pharo Construction Limited: A Critical Catalyst In Somaliland’s Development

Pharo Construction Limited: A Critical Catalyst In Somaliland’s Development

In 2021, Pharo Ventures Somaliland set out to help rebuild Somaliland through job creation, adding economic value and developing skills. The first Somaliland Venture, Pharo Construction Limited (PCL), seeks commercial profitability whilst serving the overall purpose of economic development in multiple ways. This article details five channels through which PCL boosts development: job creation, infrastructure, technology transfer, skills development, and sustainability, both environmental and social. We conclude with some of the highlights of PCL’s work to date. Continue reading “Pharo Construction Limited: A Critical Catalyst In Somaliland’s Development”

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”