The economic future of Somaliland

[*Nobleman*]

Ok so now the election are out the way and a successful transition has taken place, what should the economic future of Somaliland look like?

Firstly its def proven that Somaliland is resource rich. Just look at the houses built in Somaliland, half the materials used is what is considered semi precious stones in the UK, like granite, limestone etc. Walahi I know people personally who have exported small amounts of gems for personal profit.

In terms of oil, by default (due to location) I think the whole of the horn has plenty. In fact this company Ophir energy claim they have exploration rights to somaliland. See link

http://www.ophirenergy.com/Default.aspx ... ter_id=129

Since the population is pretty small I think everyone will get their fair share inshallah.

I just hope we dont follow the african model where we export our raw materials and then import the processed good for ten times the price and also be dependant on foreign aid

Somaliland needs to invest in production and try and build industries and in turn create jobs etc.

This is all down to good governance though. Inshallah in the next 30 years we will see a 'somaliland wealth fund', where we rival the qatari fund and invest and own western companies.

[hargaysaay]

the fuck are you horta ma umada gobolada waqooyi galbeed baad ka tirsan tahay

[Siciid85]

Indeed everything depends on a good governance, let's hope the new government isn't corrupted as the one before.

[Keyse_0208]

the fuck are you horta ma umada gobolada waqooyi galbeed baad ka tirsan tahay

[*Nobleman*]

the fuck are you horta ma umada gobolada waqooyi galbeed baad ka tirsan tahay

Primitive mindsets like this will hold us back decades. You mention anything good and constructive and the first thing imbeciles like this say is Issaq ya ka tirsan tahay.

[Galmeygaag]

Nobleman, economically S/L has little to look forward to, its not that the people cant do it. the Somali people have already proven they are more than capable of economic success, even constructing an and using oil rifinary somewhere south of Xamar, near Merka and many other mega projects in the pipeline. but what makes you think an entity like S/L is capable of such an achievement when they have given away Berbera port to Ethiopia ?

the Northern regions have cought up economically with the South but allowing themselves to be occupied again by not Britain but Ethiopia will stagnate their progress and the South will probably rule catch up again and rule the whole horn economically like it did during the 70s and 80s.

good luck with your endevous though, we all want you to do well and not be a burden to the southern tax payer lol.

[Siciid85]

Galmeygaag, i believe somaliland can achieve with the right government a non corrupt 1, most of the problems that faced somaliland in the past was corruption of former governments.

[Cumar-Labasuul]

Nobleman, indeed we need to invest heavily so that we can improve somaliland's economic future. I've mentioned previously in another thread about some of the things we need to focus on:
1. Redevelop Berbera port
2. Provide access to clean, safe drinking water
3. Building an efficient road network
4. Creating more jobs for the general public

viewtopic.php?f=245&t=249988

[HooBariiska]

the government cannot really do much due to the fact the budget is pretty small.
but they can introduce policies and practice good governance

-lure the disapora back to invest (reduce taxes for ppl openin businesses, etc)
-reward and encourage companies that produce goods that are sold overseas ( we need more companies that make things)...i.e furniture, tuna,
-export more goods & life stock to our neighbours
-entice more of our neighbours to invest in our country

[Galmeygaag]

Galmeygaag, i believe somaliland can achieve with the right government a non corrupt 1, most of the problems that faced somaliland in the past was corruption of former governments.

bro that is correct, but this new government also need to do something about Somaliland's foriegn relations mainly with Ethiopia and directly engage with the Berbera Port issue.

Cumar-Labasuul
2 of your 4 points are completely depending on Ethiopia-Somaliland relations and not the investment of the people, business naturally are redirected to Bosaso port, this not only means huge loss in tax from business but also means less jobs and a public with weaker purchasing power.



people say Africans are entrepreneurs, well Somalis are expert entrepreneurs with a vast network and generally have open mindness to diverse business relations. what stops Berbera city and port from developing is not the people but the relationship Somaliland has made with Ethiopia.

[*Nobleman*]

Nobleman, indeed we need to invest heavily so that we can improve somaliland's economic future. I've mentioned previously in another thread about some of the things we need to focus on:
1. Redevelop Berbera port
2. Provide access to clean, safe drinking water
3. Building an efficient road network
4. Creating more jobs for the general public

viewtopic.php?f=245&t=249988

the government cannot really do much due to the fact the budget is pretty small.
but they can introduce policies and practice good governance

-lure the disapora back to invest (reduce taxes for ppl openin businesses, etc)
-reward and encourage companies that produce goods that are sold overseas ( we need more companies that make things)...i.e furniture, tuna,
-export more goods & life stock to our neighbours
-entice more of our neighbours to invest in our country

Some very good points I agree.

We really need to learn how to turn raw material into finished goods. Not only will this create industries, jobs and exports for somaliland but it will also create wealth for the people. Alhamdulilah we are blessed with abundant raw materials, we should put this to good use.

[oldenglish]

In terms of oil, by default (due to location) I think the whole of the horn has plenty. In fact this company Ophir energy claim they have exploration rights to somaliland. See link

http://www.ophirenergy.com/Default.aspx ... ter_id=129

Puntland has Africa Oil- joint fromerly Canmex a major offshore onshore- rig supplier. A Canadian heavy weight listed on the TSX.

And Bootlegland has Ophir what a complete chuckle

Is this Aprils fools?

[SahanGalbeed]

We need a good road network and to develop the port of Berbera .Ethiopia is growing fast , they need a second port , we can benefit from it greatly , also I am sure we can compete with the UAE built project that the port of Djibouti is , port that is over capacity right now .The UAE is losing money on their investment from Djibouti to Dakar , they ain't getting the return they thought they would .The future is bright and things can only go up as far as we are concerned my brothers and sisters.

[Paddington Bear]

When you set such unrealistic goals for yourself is when you begin to go down the slippery slope of blaming the government for not achieving them.
Calm down and have a look around you, Nobelman. The most you should expect from this government and the ones that follow it are small incremental changes such as the improvement of roads, the encouragement of free media and the attainment of international recognition. There is a glass ceiling that the economy of Somaliland cannot surpass without International recognition, and even then, it is not likely to see great growth without creating local know-how or importing it from outside (the latter requires attractive remuneration).

The next five years for Somaliland should be all about strengthening the existing infrastructure, improving the governmental institutions, creating new ties with International partners and, most importantly for a country that seeks recognition, creating an image for a society that unites it and sets it apart from the rest of Somalia.
Most of this must and should begin with the local media. They must feed on the average Somaliland caricature and amplify it. They must focus on local legends (separate to those in Somalia, Djibouti or the Ethiopian occupied Somali areas) and bring them to the fore. They must pay homage to Somaliland (not Somalia) artists, authors, poets and historical figures. They must change their entire vernacular to be one that concentrates on Somaliland. For instance, if you read an article in Jamhuuriya Newspaper and see a line in it (as you would) that begins with “Somalido waxay ku maahmaahda” you’ll know that the mission has failed. Such small details matter when forging a societal identity and the repetition of them eventually seeps into the collective mindset. Therefore, the line should be (or should have been) “Somalilandarka waxay ku maahmaahan”, etc, etc.

It may seem militant, pedantic and useless but if your foundations are not solid enough and your separation/difference is not highlighted in everyday speech/actions, there will come a time when the average geel jire may scratch his head and ask “why are we seceding from Somalia again?”

Does posting on this section makee me a qabiilist?

[abdalla11]

-lure the disapora back to invest (reduce taxes for ppl openin businesses, etc)

One of the main differences between Puntland and Sland is the role that the diaspora plays. If you take a look at properties in Sland you will see that diaspora owns the majority of the its properties (i.e the diaspora invests more than the locals) while the locals of Puntland own more goods in Puntland than its diaspora