Somalia economy stronger than others in Africa, UN-backed meeting says

[NASSIR]

Stability in the south is all we need. IA, things will be great for Somalia for the years to come.

 

Somalia economy stronger than others in Africa, UN-backed meeting says

Busy waterfront and lively marketplace in northern coastal city of Bossaso

 

Despite 17 years of crisis in Somalia, the economy there is stronger than that of many countries in Africa in terms of gross domestic product and imports and exports, participants at a United Nations-backed meeting held in Dubai said today.

 

In a final declaration adopted at the end of the meeting organized by the UN Political Office for Somalia (UNPOS), business people from Africa and the Middle East, personalities from Europe and the United States and members of the Somali business community acknowledged economic stagnation in the country, which has not had a functioning government since the fall of Siad Barre's regime in 1991 and where fighting has intensified in recent months.

 

But they said Somalia's economy could be boosted through livestock and livestock products, agriculture, money transfer, telecommunications, infrastructure, oil and gas, mining, transport and even tourism, according to a news release from UNPOS.

 

The non-Somali participants “expressed their readiness to consider ways and means to encourage the Somalis to follow a 'critical path' that will lead to the stability necessary for political, economic and social development,” the Office said.

 

The meeting requested UNPOS to impress upon the parties in Somalia to put the interests of the country before other interests, and work towards the return of peace and security.

 

Source: UN News

[Armchair Politician]

The things holding back Somalia from really booming economically are poor infrastructure and war in the south. Though the war has been trumpeted as the biggest reason, I personally feel that the poor infrastructure is a bigger one.

 

Initiatives like new highway construction and new ports in Las Qoray and Hobyo are a good start to improving the infrastructure situation.

[General Duke]

Camir, thank you for the article bro.

Wonderfull stuff.

[Gediid]

Another avenue for jumpstarting the slow economy is the full lifting of the livestock ban currently imposed by the Gulf nations.I know pre ban revenue totalled close to $250 million/year and that coupled with the $500 million or so in remittances could mean a nation with a stronger economy than many African nations.As far as the business community goes innovative ways are needed now since currently the practice is limited to doing what the other businessman does which is more like wuxuu Cali furey ayaan ana furayaa....

[General Duke]

^^^great point..

[General Duke]

Dhaqaalaha Soomaaliya oo la ammaanay

Last Updated::2008-01-30 14:26:13

 

New York (HRNet) Warbixin qoraal ah oo laga soo saaray Xafiiska Siyaasadda Qaramada Midoobay ee Soomaaliya UNPOS ayaa lagu sheegay in dhaqaalaha dalka

Soomaaliya uu aad uga wanaagsan yahay dalal kale oo Afrikaan ah.

 

Wax soo saarka gudaha, dhoofinta iyo soo dejinta ayaa la sheegay in dhaqaalaha Soomaaliya uu ka dhigay mid ka wanaagsanaada dalal badan oo qaaradda afrika ku yaalla.

 

waxaa kaloo warbixinta Qaramada midoobay lagu sheegay in dhaqaalaha dalka Soomaaliya lagu sii horumarin karo haddii hab wanaagsan loo helo ganacsiga ay ka midka yihiin Isgaarsiinta, dhoofinta xoolaha nool iyo waxyaabaha kale ee manaafacaadkooda, xawilaadaha, Kaabayaasha dhaqaalaha iyo soo saarista iyo iibgeynta saliida iyo gaaska uu hodonka ku yahay dalka Soomaaliya.

 

Warbixintan waxaa ay soo baxday ka dib markii la soo gabagabeeyay kulan labo maalmood socday oo looga hadlayay horumarinta dalka Soomaaliya oo ay magaalada Dubai ee dalka Imaaraadka ay ku yeesheen ganacsato caan ka ah Soomaaliya iyo Bariga Dhexe.

 

Dhammaan shakhsiyaadkii ka hadlay shirkaasi ee ajnabiga ahaa waxaa ay hoosta ka xarriiqeen in ganacsiga Soomaaliya loo adeegsan karo horumarinta siyaasadda iyo nabadgelyada dalka.

 

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