- by Fruit Shop Webmaster
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1 - Over two decades, Somaliland has built a successful market economy, with GDP of $350 per capita - it is higher some African countries like Tanzania ($280) and Eritrea ($190). Somaliland private sector has enjoyed growth, catalyzed by low levels of regulation and comparatively small government bureaucracy. A number of government services has been outsourced to private sector such as vehicle licensing and registration, are delivered through local businesses.
2 - Total Somaliland Central government income has increased over the last few years and it reached little over $200 million dollars in 2013. This is still very small for the needs of the country but the increase shows a a steady improvement in the economic activities and revenue collection for the public services.
3 - Somaliland is notable for thriving livestock export. In 2012 4 million sheet/goats and 300,000 cattle/camels were exported to the middle east. Livestock remains in the mainstay of Somaliland's economy.
4 - There is also thriving services sector, which hosts a number of major international businesses, including Dahabshiil Money Transfer company which is the largest in the region and operates across the world.
5 - Somaliland boasts of a highly competitive telecoms Industry, providing mobile and landline services that are among the cheapest in Africa. It costs $1 for 20 minutes call from Somaliland to the United States.
6 -In 2010, Somaliland Beverage Industries made the country's single biggest investment to date - opening a $17 million Coca-Cola production facility to supply the region. The factory has plans to expand into producing Dasani water and Minute Maid juices in 2014.
7 - Somaliland is moving to develop what is estimated to be highly significant hydrocarbon reserves in the country. A 2D seismic survey of offshore Somaliland, consisting of 5100 KM of modern seismic data (and on-shore program of 34,600 KM of aeromagnetic data collection) was undertaken in 2008/9. Three International companies have signed Production Sharing Agreements with the government and are involved in early-stage surveying. Airborne survey and 2D seismic surveying in Togdheer region has already began by Genel Energy. The first exploratory drilling programmes are expected to start in early 2014.
8 - Somaliland is in the process of exploiting proven reserves of iron, manganese and coal. Minerals and Mining LTD, Kenyan Company, has signed an agreement with the government to mine minerals in the country. Somaliland will start producing by 2014, exporting an estimated half a million tonnes within five years. Nubian Gold of Canada is currently prospecting for various minerals in the Maroodijeeh/Gabiley regions.
9 - Somaliland receives remittances estimated at $800 million dollars per year from the Diaspora (this generates significant economic activities in the country).
10 - Somaliland has quietly emerged as a reliable trading post in the Gulf of Aden, which World Bank Africa hailed as "success story" in Africa. The World Bank Reports comments that despite conflict and fragility in the surrounding region, the "relative peace and security in Hargeysa in the past decade has allowed a vibrant private sector to develop" and that the government has made strides setting up some of the institutions and rules necessary for business to operate.
11 - Somaliland is connected to the rest of the world by Berbera and Hargeysa airports; Berbera airport has one of the longest runways in Africa. Hargeysa Airport has been renovated recently to accommodate larger airplanes. Somaliland entered agreements with International companies like Ethiopian Airlines.
12 - Berbera port already serves imports and exports to and from Somaliland as well as the neighboring countries of Ethiopia and Somalia.
13 - Tourism is a potential growth industry, with historic towns, offshore islands, coral reefs, rare birds, and Las Geel cave paintings which are estimated to be 7000-10,000 years old; providing major attractions.
PEACE AND SECURITY
14 - Somaliland co-operates willingly with the its neighbors and with international community in the fight against terrorism by sharing intelligence information about potential threats, enforcing a UN arms embargo against Somalia and policing its own territory. Somaliland constitution is unique in committing the State and nation to combating terrorism; regardless of motives
15 - Somaliland has effectivelytackled piracy along its coastline, ensuring that the waters off Somaliland's coast are largely free from pirate attacks. Nearly 90 pirates are currently in prison in Hargeysa.
16 - Somaliland has demobilized clan militia, integrating them into unified police and military forces in the early 1990's.
17 - Somaliland has removed and destroyed tens of thousands of landmines during the war, it is estimated that a million mines were planted in Somaliland, making it "among the most mine-populated territories on the planet".
18 - Somaliland has established a highly progressive constitution, which entrenches the separation of power between th three branches of government, balances representative democracy with traditional governance institutions, ensures the existence of active opposition political parties and a free and pluralistic media.
19 - Somaliland has developed a unique form of governance that could serve as a model for state-building in other parts of the world. Somaliland has proved that traditional social systems can be fused successfully with modern democratic principles to create popular and sustainable governments.
20 - After regaining independence, the Somali National Movement worked to establish a civilian representative government. In so doing it has been credited as "one of the few movements in contemporary African history to have effectively dealt themselves out of power.
- by Fruit Shop Webmaster
- Hits: 2547
Here's how to find our shop.
Drive along Main Street to the intersection with First Avenue. Look for our sign.
From the center of town, walk north on Main Street until you see our sign.
Take the #73 Bus to the last stop. We are on the north east corner.