USAID Economic Package seeks to improve Somaliland’s Businesses

[Jacaylbaro]

The U.S. Agency for International Development (USAID) East Africa Mission on June 7th 2011 rolled out an ambitious program to enhance business investment and economic opportunities in the self-declared republic of Somaliland.

 

The developed agency which launched a blueprint multimillion initiative dubbed ‘Partnership for Economic Growth’ in the capital Hargeisa, says it seeks to improve the environment forinvestment and expand economic opportunities in the tiny Northern region of troubled Somalia

 

“We believe in the resiliency and entrepreneurial spirit of the Somali people,” said Acting USAID East Africa Mission Director, John Power. “This partnership will not only benefit the local economy, but will also promote stability.”

 

The US’s largest aid agency will provide Somaliland’s business communities with new opportunities to help them improve their incomes and build a better future.

 

As Hargeisa emerges from a backdrop of historical destruction, the USAID led program will address strategic economic fields both in the private and public sectors.

 

“The Partnership for Economic Growth will work with a broad range of government authorities and private sector to assess strengths, weaknesses and investment opportunities in the most productive Somali value chains, including livestock, fisheries, gums and resins” USAID said in a press statement

 

Part of the program also includes addressing the role of women in entrepreneurship by helping women groups achieve some form of sustainable development through enhancement of their much neglected businesses.

 

“It will improve access to business development services, especially for women entrepreneurs. It will support the development of regulatory policies to do business better and ultimately attract more investment” the statement read in part.

 

At a colorful function attended by representatives from the Ministries of Commerce Industry and Tourism, Agriculture, Livestock and Fisheries, the Chamber of Commerce, financial institutions, private sector, women entrepreneurs and local associations, Somaliland authorities hailed the initiative describing these efforts as one that will revitalize the economic mainstay of the region.

 

“The private sector is the pillar of the economy,” said Abdulahi Dirie Jama, Secretary General of the Chamber of Commerce. “It is a source of revenue for the government and a major supplier of livelihood for residents.”

 

 

Source: Hiiraan Online

[NASSIR]

If USAID is serious about its aid and development programs, it should help build critical infrastructure where the need for such investment is high through collaboration with local, well-established organizations that have maintained a good track record of valuable services. In Sool and Sanaag regions , this investment is very critical to the livelihoods of the communities concerned. Let's help build schools, small ports and feeder roads. My vison is that an educated Society that's engaged in regional and over-seas trade promotes local peace and progress. It's time to pay attention to the neglected regions of Somalia.

 

JB, Thanks for the post.

[Jacaylbaro]

It's time to pay attention to the neglected regions of Somaliland

Indeed ............ Thanks for the concern

[Leezu]

^^ How sad changing his statement.

[Saalax]

Excellent.

[NASSIR]

Lol@Leezu. JB thinks he can get away with his tampering of my line there.

[Jacaylbaro]

don't worry ,,, we all mean the same thing

[London2010]

Where the arabs I wonder, where are the masters of a culture they have raped and looted.

[Jacaylbaro]

Here They Are ...

 

 

[NASSIR]

Jacaylbaro;729219 wrote:

don't worry ,,, we all mean the same thing

Of course, we all want the best for our homeland though we may vary on the path to reaching that goal.

[NASSIR]

London, Arabs are struggling with their own core issues of instability, lack of freedom and democracy. It's better that we learn from today's winners.

[Taleexi]

Good development.

[London2010]

NASSIR;729312 wrote:

London, Arabs are struggling with their own core issues of instability, lack of freedom and democracy. It's better that we learn from today's winners.

And who exactly are today's winners. Because one thing is certain they are not arabs.

[Taleexi]

As the world stands NOW. The winners are the west.