http://au.finance.yahoo.com/q/aks?s=PSA.AX If you look at these stats,(financial disclosure) their earnings and cash flows are negative for the last 10 years. The Co. is not doing good. Their Beta is also higher than the Market indicates. Beta is the thing with which to measure the company's variability, its risk. So it indicates higher risk than the average market. Besides, the company has very low equity--enough money to ward off unfavorable circumstances. I hope they make the best out of this deal and began dialogue, collobaration, and commitment to solving issues of resource management, and underwriting a legitimate contract that ensures the safety of the environment, reporting on the distribution of resources, and employment equity.

I used to hear when I was young. biyooleeyaa biyooleeyaa barakadii sheikh Uweesoowa Ever been there?

If World Bank is to extend loan to Somalia on the reconstruction of its devastated infrastructure, it would give it to the TFG , the transitional federal government under which both "Somaliland" and "Puntland" are part of its system. In the below article on March 25 that was addressed to the TFG few months after its establishment obliges for the full payment of these loans to win a new loan. Somalia's account shows $430M loan defaulted by the last functioning regime. The only avenue to winning a new loan from the World Bank is to ask major power countries like the U.S and EU to clear up this old loan, but the government must meet structural conditions. It can, however, obtain streams of financial aid from anywhere as the government is now pursuing. Btw, Hadhwanaagnews is not reliable site and I am not even sure of who these white men are? Probably U.N agents? ---------- Somalia must pay arrears to win new loans - World Bank Thu March 24, 2005 3:56 PM GMT+02:00 NAIROBI (Reuters) - Impoverished Somalia must clear $430 million of debt arrears to the World Bank and International Monetary Fund before the bank can start lending to the new government, a bank official said on Thursday. Somalia has lacked a central government since 1991, when the country descended into anarchy, emptying its treasury, destroying its government ministries and preventing it from servicing its debt to international lenders. A transitional federal government was formed in neighbouring Kenya last year after years of futile peace efforts and is trying to restore order in the lawless Horn of Africa state of at least seven million people. "Once a country is in arrears it cannot receive a loan from the World Bank," said Makhtar Diop, the World Bank's director for Somalia, Kenya and Eritrea. "The $430 million of arrears needs to be cleared before our institution can come in and lend money," Diop told reporters in Nairobi, the capital of neighbouring Kenya. The World Bank is working with the government to propose a debt arrears clearance programme, the bank said. He said World Bank experts were studying the legal status of the new government, aiming to forestall any attempt by Somali factions to say the debt was issued to a different government so they should not be held responsible for it. "Once we have solved this legal problem and it has been accepted in the international community that this is the government that is representing Somalia then one can start engaging as to how we solve the issue of debt," Diop said. The World Bank has earmarked $4.6 million as grants to Somalia over the next three years to support the livestock and meat industry, combat HIV/AIDS, and promote macroeconomic data analysis and dialogue, the bank said. The bank, which is also involved in plans for the relocation of Somalia's government from Kenya, is funding an assessment that will help shape any future aid for Somalia. Last month, the transitional government appealed to donors for $77.3 million for security and a relocation budget for the government for the next six months.

Geeljire, Don't you believe that we are very intolerant society? My point, when Islam is the most widely practiced religion in Ethiopoia, how can we label them as Kufaars? Yes there are Kufaar elements but to label all as Kufaars is disingeneous and misleading. Besides, Ethiopia came to assist us and it is ready to pull its troops anytime.

"citing the unity of European countries as one nation and share one currency." Well that is basically the Economic community of Europe. Wiilo, please don't even think about such scenerio. It is demeaning to the sovereingty of our country and personally deprives you of the dignity to be a Somali from Somalia. I thought you were nationalist or did you use it as cards stacked against the TFG.

"7. The EU stands ready to offer financial support for AMISOM within the framework of a concerted and global international effort stressing the importance of an all-inclusive political dialogue and genuine reconciliation " These conditions are very hard to meet and it simply means sorry we can't support you. EU just drifts with the tide of U.S foreign policy issues. It does not have the ability to lead or make genuine decisions.

Muslim Ethiopians abound Ethiopian troops and consider themselves as Ethiopians. Islam is the most widely practiced religion in Ethiopia (source: CIA World Factbook) If we rule out the elite ruling class, Ethiopia can not be exclusively considered as a Christian State as most observers do. This is what Sheikh Barud said prior to the war. "“all Somali Christians must be killed according to the Islamic law. A Muslim can never become a Christian but he can become an apostate. Such people do not have a place in Somalia and we will never recognize their existence and we will slaughter them” Talk about Intolerance in our doomed society. http://bsimmons.wordpress.com/2006/10/19/somali-islamists-declare-we-will-slaughter-christians-somalis-are-100-muslim-and-will-always-remain-so/

^When we have millions of $ spent on the reconciliation of Somalis in Mbgathi which resulted in the election of Abdullahi as the TFG president, is it not wrong to discredit such leader and espouse a monolothic movement? I assume you meant to hint "the removable of a leader" as Sheikh Sharif, the self-nominated ruler of the erstwhile Islamists. Good thread by Taako Man.

I give all my support to ShatiGudud, the man who helped the TFG in its entire existance. He hails from the region and has the full support of his people. He is also considered to be the man who freed Bay and Bakool from the status of captive society.

Terrible advice saxib. The government is blind of its potential benefits. First it should promote reconciliation with good elements of the old radical Islamic courts and refrain from using iron fist to contain the reemergence of insurgence to effect a desirable change in its pursuit of stabilization and demobilization plan. There are saboteurs who will seize the opportunity of the Gov's naive plans and fascist behavior as well as its political peddlers who interpret the TFG from the perspective of parochial frame of mind. Second, it should engage in direct diplomatic talks with United States and accept its suggestions without the presence or contemplation of the MIddle Man that is Addis Ababa. Now that it won the battle, it should not use sight of the task at hands. We have already lost the diplomatic and financial backing of the Arab League, but still the United States is here to extend a hand to the TFG. Consider this, America's foreign policy and military engagement have attracted both domestic and international criticism, (the War in Iraq is compared with the French war in Algeria by some advocators of U.S critical interest) so he wants to reverse this picture and make Somalia a viable state, but the Government is obviously blind of the intentions and the voice of the Washignton. In its recent editorial, Wardheernews has this to say, "As WardheerNews has been following the undersecretary’s work on Somalia for some time now, she has consistently proven to stay on course on the Somalia issue. In the face of reckless academics, who approached here at the last Convention of the African Studies Association, notably Peter Shroeder, she affirmed her believe in maintaining and protecting the territorial integrity of Somalia. We therefore consider her a dependable player in the Somalia affairs, whose advice needs to be heard both as a friend to Somalia and as a high ranking official in the most powerful nation on earth." And I agree with that, esp. that title of its editorial, which signals supercharged political messages to all stakeholders. Now is not the time for Triumphalism in Somalia

Abu Paragon is a good writer and a man of great wisdom , but I insist that he should continue expressing his views to agitate the public to the right cause. This man is from the heart of Sanaag and centainly embodies the symbol of freedom and independence. Unfortunately, he was lending his knowledge and critical analysis to a movement riddled with uncertainly and difficulty path--shackeled in the chains of our social ills.

U.N. Backs Deployment of Troops to Somalia http://www.nwitimes.com/articles/2007/01/11/ap/headlines/d8mj18m81.txt Russia's U.N. Ambassador, Vitaly Churkin, the current council president, told reporters after a closed-door meeting Wednesday that members regard Somalia as "a high priority matter" and are concerned about instability, security, and the humanitarian situation. "They expressed their support for the plan to send a humanitarian assessment mission to the border between Somalia and Kenya and spoke of the importance of adequate humanitarian support for Somalia," he said. "They strongly supported inclusive political dialogue among various political forces in Somalia. They favor speedy deployment of IGASOM," a new force to be set up by the African Union and a seven-nation regional group.

Sophist, this is something that has been missing from the Politics section and I am glad Ngonge is doing it. His parady relies on what is on the News and personal observation.

No brother, these leaders are not infallible but they are like us who are prone to making gaffes. The author, on the other hand, is directly communicating with them and giving them advisory policy notes so that they can coordinate things and not act freely in commenting on something other than what they are entitled to--assurances from the head of state and MPs. These types of gaffes is what haunted the Islamists, lack of coordination and organization. Gov minsters could at least refer to the constitution in whose provisions they can use to guard themselves from mistakes and advance the policies of the government based on its charters. One: Abdullahi Yusuf admitted to this amid widespread allegations by his opposition that Ethiopia among others has been running the show in the beleaguered TFG. Two: it reeks of a shameful degree of disorganization and lack of policy and media coordination between the various actors in the government. One, therefore, hopes that these incidents are not a sign of things to come as part of the daily occurrences from the TFG in the future. I think these two issues will be done away with it now and the future.

Ngonge, I laughed hard , not one tinged with contempt. You have a way with parody that is quite creative

^I agree with Sophist. As a matter of fact, Mogadishu is an ancient city often dominated by merchants and urban people. Nomads from the interior settled the surroundings of Mogadishu and were indeed essential to its economic growth, however, Mogadishu--Persian title, is for all Somalis and no clan has ever dominated. People who abandoned their houses and properties would come back to reclaim and live there peacefully.

This political dialogue is beyond your grasp.

PRESIDENT YUSUF SHOULD APOLOGIZE TO THE SOMALI NATION January 10 2007 It has been disheartening, indeed, humiliating, to many Somalis to hear their President, Abdullahi Yusuf Ahmed of the Transitional Federal government (TFG), saying, over the air waves, that he heard the news of US planes striking places within his country’s borders, over the media. Ironically, the President uttered these words in a press conference in Mogadishu—the Capital—as he was ushered in to Villa Somalia, the Presidency of Somalia, 26 months after his election for the post in Nairobi, Kenya. Needless to emphasize that he was given that opportunity through the courtesy of the Ethiopian government. It has been even more demoralizing that his Foreign Minister was giving a different position on the situation to an Arab TV station—that it was the “TFG that had asked for the US assistance” in this situation, including for “hunting militant Islamists who were on the run”. The reality remains that it would not matter whether Abdullahi Yusuf knew of what was going on or not, or whether his government initially asked for the US assistance or not—given the current situation of the nation and the US policy towards the militant Islamists. The US government would have done it this way, any way, with or without the government’s immediate consultation. And, perhaps, it would be done ”rightly s by the US”, as Abdullahi Yusuf said in the same interview. Two things are, however, at issue here. One: Abdullahi Yusuf admitted to this amid widespread allegations by his opposition that Ethiopia among others has been running the show in the beleaguered TFG. Two: it reeks of a shameful degree of disorganization and lack of policy and media coordination between the various actors in the government. One, therefore, hopes that these incidents are not a sign of things to come as part of the daily occurrences from the TFG in the future. It is a given that the TFG, Ethiopia and the USA are allied, at least, in as far as the campaign against the militant Islamists is concerned. It is also a given that the TFG needs the assistance of both governments and others to eradicate the foot holds of militant Islamists—especially the foreigner elements among them—from the country, if the TFG must build on its victory over the UIC and bring about peace and stability to the people. Governments supporting the TFG in this endeavor should as much as possible, therefore, avoid acting in ways embarrassing to the fledgling government or humiliating to the Somali masses. Such acts would only embolden the opposition including the attenuated, but recoverable, Islamists and warlords. Acts of this nature can only render the hard won foreign assistance only counterproductive. If those embarrassments repeat themselves often enough, the TFG will not last for long, and that will be costly for Somalia, as well as the TFG and its friends elsewhere. The TFG should, on its own, also improve on coordinating between its Ministers and other actors. The President should provide those interviews in consultation with the members of his Cabinet under the leadership of the Prime Minister, Mr. Ali Mohamed Geddi. Another example of such lack of coordination which may have been confusing to the nation and to the world has been that, while the Spokesman of the government had earlier pronounced that the government was prepared to talk with all the relevant parties, the President only yesterday said that his government was not ready to pardon the leadership of the Islamists. In essence, this also means they would not be willing to talk to them. Whichever way ends up to become the right policy, the government must avoid giving mixed signals to its people. The Government ought to avoid talking down to the nation. For example the President has asked the “people” to surrender their arms to the government because they were “the” “people”—“shicib”—as the President put it in the said interview. In that same breath, the President has failed to explain that the requested action is in the interest of internal peace, security and stability in the country. For this policy to be implemented as smooth as it must be effective, the government must assure the public some peace and security in due course, by promulgating well thought out policies and plans on the matter, rather than making cursory promises here and there. And even if that was the point, it was not articulated cogently well. The President must also assure the nation that Somalia shall be free from foreign presence as soon as an irreducible minimum of stability is regained—which should be sooner than the later. Over the years, the western media has called the Somali people as “ungovernable”. That is a very bad characterization of a great nation. It is true that Somali masses have missed the right leadership for a good government over the years since independence in 1960, and have remained leery to the designs of its political elite since the ouster of Barre’s regime in 1991. They have feared, and do still fear, the repeat of the despotism, nepotism, cronyism, corruption and tyranny which they had experienced under previous governments. Thus they have been slow to usher in any form of government, without having tested it, first. The nation though gave a chance to the earlier TNG to prove itself. But then they removed their support for it when it could no longer work. I hope the current TFG can make a difference for the sake of all—the Somali people, the international community and for the leadership within the TFG. Otherwise, the consequences will be bitter for all sides. In the mean time, and in the interest of forward progress, an apology to the nation is in order, on the part of some of the leaders of the TFG for their gaffes, if to assure the nation that they are learning from their mistakes and that they are willing not to repeat them again. The President must apologize for his blunder by declaring that he did not know that US forces were conducting air raids within the borders of his country. The Minister of Interior, Mr. Hussein Mohamed Farah Aideed, should, like wise, apologize for his uncalled for remarks, in relation to which he later admitted over the BBC, Somali Service, and contrary to his earlier utterances, that there were no TFG plans for integration with Ethiopia. Despite the admission, the Minister had failed to apologize for his blunder, and should, therefore, immediately do so. The Minister of Foreign Affairs, Mr. Ismail Hurre Bubba, has to apologize for misspeaking to the international media without coordination with his government, as is evidenced by the contradiction of his message with that of the President in the case of the American air incursion within the borders of Somalia. For now, it does not matter which assertion—his or the President’s—was true. The PM, Mr. Ali Mohamed Geddi, should apologize as publicly as he had earlier (spring/summer of 2006) uttered the remarks that his government would not mind if the international community had recognized “Somaliland”. Although the matter was discussed in the Parliament earlier on, a public apology is still in order to set the matter on a new foot, now that he is in the Capital. . Finally, I also hope that Somalis everywhere will take my criticism for what it is: honest in its intent, positive in its content and constructive in its outlook. I wish to impress on all, that by avoiding those above mentioned gaffes and blunders sooner, could we only speed up the process of reconciliation and bring us all to witnessing new and renewed functioning government institutions in Somalia. One also hopes that calls for renewed reconciliation by some quarters, does not mean a repeat of the Embagathi Process. All must remember that this government is represented by all clans and segments of the society, which was the point and purpose of those two complete years spent on patching it up. Yes, indeed, there is need for reconciliation between the parties within the Parliament, which has hitherto remained divided over many issues. Hence, replacements as per members of the Parliament on the basis of decisions made by relevant constituencies are possible; but new additions to the Parliament from outside can only disturb the balance on which those fragile institutions were built—no matter how crooked or unprincipled some may deem it to be. However, major revamping and adjustments of the arrangement could only be deemed necessary, if an agreement in principle can be reached with “Somaliland”. Abdalla A. Hirad MHirad@aol.com

Castro, I don't think he is insinuating or wishing harm to the president, for that will render all the works and future plans of the TFG futile and our country more choas and ungovernable. Yes Libax, I feared this ominous bank of assasination before, God forbid.

Originally posted by General Duke: ^^^I know, but its Yusuf who wins from these meetings because he is open to all, including his former rivals. This is a great move, Abdiqasin is on record supporting the TFG stabalisation plan which centres on the AU troops helping to recruit the new national army of 40,000 troops. Great move by the two former leaders.

Just a couple of hours ago, I watched the air strikes live on CNN. Don't rely more on unreliable sources.

Great article by Gaildon, but I know he is just afraid of ominous possibility of Ethiopia redrawing its map and taking over Somalia, but that case might be beside the point of his fear and an insult to our own intelligence that Soomalia will disappear from the world map. Logically considering this worst case scenerio, If Somalia is to disappear, Italy and England should have more rights than mere, aid dependent Ethiopia who can't even sustain their own troops for one month. Zenawi is crying that he can't mainain his troops in Somalia for even a month and asks for immense financial support for their stay should they continue assisting Somalia. I believe the government should take steps to attenuate public fears of this ghoulish eventuality and educate us of their future plans and how they intend to transform Somalia from its long self-induced destruction and anarchy. Another possibility the author raises is that "Ethiopian troops will leave, but they will leave behind a government beholden to it and a country in shackles." This is similar to what we have discussed before about Lebanon. It was a country racked by 17 years of civil war and finally swallowed the bitter tablet of letting intervention troops come in, and they hastily instituted a regime divided on seperate allegiances. Even more ominous is the specter of a new Somali security force packed with Ethiopia’s men, as it were. Make no mistake about it, the menacing nightmare of a government where even the President dare not make a move that can rub Ethiopia the wrong way towers redoubtably over all other possibilities. Remains to be seen, but I hope this doesn't happen. The writer has backed up his article with enough reasoning and evidence.

Mansa, brother name calling has been an art of war for the advocators of the ousted Islamists. I won't be surprised if they call you tribalists or other bad names. Baashi and many other good contributors have resolved to staying out of this forum because of these emotive charges.

Originally posted by Taako Man: The pot calling the kettle black OH MY. Where was the Arab League when South Lebanon was getting lighten up? Good Question!

May Allah take them to the Janna. They were escaping from the anarchic situation of Somalia. One of the reasons I will advocate for the establishment of a central government to bring Somalia's anarchy to an end, something that warmongers aren't aware of.