Welcome to SomaliNet Forums, a friendly and gigantic Somali centric active community. Login to hide this block

You are currently viewing this page as a guest. By joining our community you will have the ability to post topics, ask questions, educate others, use the advanced search, subscribe to threads and access many, many other features. Registration is quick, simple and absolutely free. Join SomaliNet forums today! Please note that registered members with over 50 posts see no ads whatsoever! Are you new to SomaliNet? These forums with millions of posts are just one section of a much larger site. Just visit the front page and use the top links to explore deep into SomaliNet oasis, Somali singles, Somali business directory, Somali job bank and much more. Click here to login. If you need to reset your password, click here. If you have any problems with the registration process or your account login, please contact us.

Somaliland booms: Economic success in Somaliland

Daily chitchat.

Moderators: Moderators, Junior Moderators

Forum rules
This General Forum is for general discussions from daily chitchat to more serious discussions among Somalinet Forums members. Please do not use it as your Personal Message center (PM). If you want to contact a particular person or a group of people, please use the PM feature. If you want to contact the moderators, pls PM them. If you insist leaving a public message for the mods or other members, it will be deleted.
OUR SPONSOR: LOGIN TO HIDE
User avatar
Mr.Wise
SomaliNet Heavyweight
SomaliNet Heavyweight
Posts: 1726
Joined: Thu Aug 29, 2002 7:00 pm
Contact:

Somaliland booms: Economic success in Somaliland

Postby Mr.Wise » Mon May 21, 2007 2:37 am

On the dusty streets of the market place in the Hargeisa, the capital, goods are displayed.

Money-changers also do a brisk trade, converting between shillings, dollars and euros.

They are cashing in on relative stability in the enclave to build solid businesses.

Goods in the market are brought in through the port of Berberra. The port itself is the backbone of the territory's economy and the main source of revenue for the government.

This is the port of Berberra, the single most important facility in Somaliland, it accounts for about 80 per cent of national revenue.

Strategically located off the Gulf of Aden, which connects this part of Africa to the Middle East, it is the port of choice for many.

Ali Omar is in charge of the port's management.

"This port is important not only to Somaliland but the whole region," he says.

"Goods brought in through here find there way to Ethiopia, Somalia, Kenya and sometimes even Uganda."

Two-way aid

If the docks of Berberra oil the wheels of the government, then it is remittances from abroad that keep the private sector moving.

Many families survive on money sent back by relatives in Europe, the US and the Gulf who fled during during the 1991 civil war.

The government estimates that the diaspora sends back about $500m to Somaliland every year.

Yet Somaliland's population also sends money to their relatives abroad, when the going gets tough for them.

As one woman, Amina, says:

"I am sending money to my mother who lives in Canada. I want her to come and stay with us during the summer. I have up to seven relatives living in Canada. We support each other."

Optimism

The large flows of capital have contributed to the rapid economic recovery in post-war Somaliland.

In the capital, multi-storey buildings are springing up.

The livestock sector has traditionally been the backbone of the Somaliland economy.

A seven-year ban on export of Somali livestock to the Gulf had a crippling effect on both the rural and urban economies.

However, a recent lifting of this ban has provided much optimism.

Somaliland's people for now depend on their more predictable sources of income to survive.

And for now they seem to succeed.

Source: Al Jazeera

User avatar
Gedo_Boy
SomaliNet Super
SomaliNet Super
Posts: 9918
Joined: Sun Jan 29, 2006 12:49 am

Re: Somaliland booms: Economic success in Somaliland

Postby Gedo_Boy » Mon May 21, 2007 2:52 am

I might be overseas in the next year and I intend on visiting Hargeisa Very Happy

qudhac-m
SomaliNet Heavyweight
SomaliNet Heavyweight
Posts: 2593
Joined: Sun Apr 13, 2003 7:00 pm
Location: somaliland

Re: Somaliland booms: Economic success in Somaliland

Postby qudhac-m » Mon May 21, 2007 2:57 am

GB

Guns are not allowed in so before you come leave your Gun,Knife home.

User avatar
Gedo_Boy
SomaliNet Super
SomaliNet Super
Posts: 9918
Joined: Sun Jan 29, 2006 12:49 am

Re: Somaliland booms: Economic success in Somaliland

Postby Gedo_Boy » Mon May 21, 2007 2:59 am

qudhac-m

war aniga, I come in peace just like all the other Marexaan businessman in Hargeisa.


I will contribute to the economy through the hotel industry, restaurant, sightseeing, and maybe with a contribution the economy by way of mahar Very Happy gabar i siiya ma garateen Cool

qudhac-m
SomaliNet Heavyweight
SomaliNet Heavyweight
Posts: 2593
Joined: Sun Apr 13, 2003 7:00 pm
Location: somaliland

Re: Somaliland booms: Economic success in Somaliland

Postby qudhac-m » Mon May 21, 2007 6:47 am

GB

Do mareehaan have 100 she camal i dout it, so the girl are for the guys who look after them financially not a for the poor guys
who drink water for supper.

Suldaan qudhac ku leh nin kuu digay kuma dilin sxb maygaag


OUR SPONSOR: LOGIN TO HIDE

Hello, Has your question been answered on this page? We hope yes. If not, you can start a new thread and post your question(s). It is free to join. You can also search our over a million pages (just scroll up and use our site-wide search box) or browse the forums.

  • Similar Topics
    Replies
    Views
    Last post

Return to “General - General Discussions”

Who is online

Users browsing this forum: nnjrewzas112 and 68 guests