Somaliland Development Corporation

[SultanOrder]

Somaliland Development Corporation(SDC), has been formed by the Somaliland government in an attempt to bypass it's non-recognized status. What is it? It is a corporation based in London, with board members picked by the Somaliland government. With Somaliland being unable to make deals with foreign investors, since they are not seen as a recognized government, any contract they sign on behalf of their government can not be brought into international courts, and can not be held to any recognized international laws, therefore making it too risky for certain governments.

Now the SDC being based in makes it held to all the laws of Britian, and also being vulnerable to all the laws of Britain. Companies will now make deals with SDC, on behalf of the government of Somaliland through their Board Members, and channel the money they make to the Somaliland government. This money they make minus the Taxes and fees for operating in London. If this couldn't be risky enough, and monopolizing the investment coming to Somaliland. They will be vulnerable to the Somali Government, if it tries to make deals that infringe on Somali Sovereignty, such as resource based deals, like Oil. Deals to search for Oil, and natural gases, and eventually extract, can not be signed by a corporation on behalf of a legitimate government. It's like Shell signing a deal with StatOil to search and extract oil in Somalia. That contract would easily be left null and void, under any British court, or International one.

So what does SDC achieve. It achieves nothing more than a way for international aid donors, or small buisness investments and ventures to have a safer way to do business with Somaliland.

[PRinCeS_LicK]

Somaliland Development Corporation(SDC), has been formed by the Somaliland government in an attempt to bypass it's non-recognized status. What is it? It is a corporation based in London, with board members picked by the Somaliland government. With Somaliland being unable to make deals with foreign investors, since they are not seen as a recognized government, any contract they sign on behalf of their government can not be brought into international courts, and can not be held to any recognized international laws, therefore making it too risky for certain governments.

Now the SDC being based in makes it held to all the laws of Britian, and also being vulnerable to all the laws of Britain. Companies will now make deals with SDC, on behalf of the government of Somaliland through their Board Members, and channel the money they make to the Somaliland government. This money they make minus the Taxes and fees for operating in London. If this couldn't be risky enough, and monopolizing the investment coming to Somaliland. They will be vulnerable to the Somali Government, if it tries to make deals that infringe on Somali Sovereignty, such as resource based deals, like Oil. Deals to search for Oil, and natural gases, and eventually extract, can not be signed by a corporation on behalf of a legitimate government. It's like Shell signing a deal with StatOil to search and extract oil in Somalia. That contract would easily be left null and void, under any British court, or International one.

So what does SDC achieve. It achieves nothing more than a way for international aid donors, or small buisness investments and ventures to have a safer way to do business with Somaliland.

Source ...

[PRinCeS_LicK]

As in Where did you get this news from?

[SultanOrder]

http://www.reuters.com/article/2012/02/ ... SV20120224

What part do you need help in understanding?

[blitzkrieg]

He wrote it himself. He most likely came to this conclusion after researching the SDC. Sometimes, Princess_LicK, when people are intelligent, they're capable of critical thinking and thus theorizing - difficult concept, I know.

[PRinCeS_LicK]

http://www.reuters.com/article/2012/02/ ... SV20120224

What part do you need help in understanding?

The Part thats Quoted....

What you Wrote Is just giving your own personal opinion on the somaliland Development Corporation!

Dressed up as Factuall

Breakaway Somaliland entity targets investors

Feb 24 (Reuters) - The breakaway enclave of Somaliland, which boasts oil and gas potential, has set up a UK-linked corporation to act as an entry point for investors concerned the Somali territory's lack of international recognition would stop contracts being enforced.

On a visit to London to attend a conference on Somalia, President Ahmed Mohamed Silanyo told Reuters that the purpose of the Somaliland Development Corporation was to "to attract companies and institutions which want to invest in our country."

"Since we are not a recognised country, insurance is always a difficult problem in Somaliland so if this can help with that, it would be useful."

Somaliland declared independence from Somalia in 1991 and has enjoyed relative stability compared to the rest of Somalia, including the holding of a series of peaceful general elections, but remains unrecognised internationally.

Silanyo did not indicate what economic sectors he wished investors to target. But energy and mining minister Hussein Abdi Dualeh said in November the northern enclave had hydrocarbon potential with a geology similar to basins containing 9 billion barrels across the Gulf of Aden.

A number of big oil companies with permits to operate there left what is now Somaliland in the late 1980s and declared force majeure during Somalia's escalating civil conflict.

Several foreign banks have expressed interest in operating in Somaliland where they are keen to capitalise on its untapped market potential. Somaliland has no formal banking sector and its people rely heavily on remittances from diaspora communities in Europe, North America and the United Arab Emirates, as there are no ATMs or loan facilities.

A briefing paper distributed to journalists on the sidelines of the London conference said that despite Somaliland's "achievements in stability and democracy, international donors cannot deal directly with its government, and foreign investors face uncertainty about whether contracts - the basis of secure business - can be enforced".

The SDC circumvented the problem of non-recognition by providing "a transparent, accountable and enforceable means by which investors can participate in Somaliland ventures".

A not-for-profit company had been set up in Britain to act as the founding vehicle, with Somaliland's Minister of State Mohamed-Rashid Hassan and Britons Myles Wickstead, a former diplomat, and Jeremy Carver, a retired international lawyer, as founding directors.

The SDC is owned by an incorporated trust, the Somaliland Development Corporation Trust, the paper said.

Oil discoveries would be a cash boon to Somaliland though hydrocarbons have often proven to be a curse to African nations as the opaque nature of the industry can breed corruption.

Colonised by Britain while the rest of Somalia was under Italian administration, Somaliland declared independence in 1991 as the rest of the country disintegrated into anarchy.

But the African Union and foreign powers have not recognised Somaliland. Many in the breakaway republic suspect the African Union fears its formal recognition would trigger a flurry of secession bids across the continent. (Reporting by William Maclean; editing by Ron Askew)

Its nothing to do with Aid Although it can be its Mainly to do with OIL!!!

And keeping it away from the South Somalia ....

viewtopic.php?f=245&t=299966

[SultanOrder]

It has nothing to do with oil, and it nowhere says that. It also clearly says that Sillanyo didn't even mention what sectors he wanted to target in Somaliland economy.

[PRinCeS_LicK]

It has nothing to do with oil, and it nowhere says that. It also clearly says that Sillanyo didn't even mention what sectors he wanted to target in Somaliland economy.

Are you reading the same article as me?

Do you need help?

It was to empower Somaliland and Take away all power from Somalia.

And Its Semi recognition of all our hard work in our country.

We are able to do business and have any country in the world do business with us even though we aren't recognized.

and it has nothing to do with the south or Somalia...

London Conference stripped Somalia of its indivisibility, sovereignty and polity

by Mohamud M Uluso
Tuesday, February 28, 2012

The communiqué of February 23 Conference on Somalia, dominated by the International Contact Group (ICG) and the Contact Group on Piracy off the Coast of Somalia fell far short of all expectations. The promised new approach or step-change by the British leaders to tackle the root causes of insecurity and lack of functional government responsible for the inexorable decline of 20 years in Somalia did not materialize. Concretely, nothing in the communiqué responds to the solution of the well described dreadful situation in Somalia, a country suffering for wars and natural disasters. The reason is a matter of conjecture.

The communiqué listed operational tasks before a national polity capable of pursuing the interests of the Somali people is in place. This means that South Central Somalia became subject to the alien paradigm of Prof Stephen D. Krasner, who in his paper titled “troubled societies, outlaw states and gradations of sovereignty” argued that alternative institutional arrangements, such as trusteeship and shared sovereignty must be legitimized if international threats are to be reduced and the prospects for individuals in troubled societies improved. This view seems operationalized through the New Deal of Engagement with Fragile States adopted by the Conference.

In blatant contradiction to the statement that “decisions on Somalia’s future rest with the Somali people,” which is true, the London conference decided for Somalia and stripped Somalia of its indivisibility, sovereignty and polity. The participation of the conference by several delegations from Somalia for the absence of a national leader who represents the voice of Somalia before the international community did undercut Somalia’s common cause. The invitation of the ousted Speaker Sharif Hassan Sheikh Adan under Ethiopian pressure was also a snub to large segment of the Somali population and show of Ethiopia’s veto power over Somalia.

The Communiqué, released before the conference took place, failed to take into consideration most of the suggestions made by members of the Somali communities, of the opinions of many international leaders like Mary Robinson who emphasized the humanitarian consideration over military actions and President Ismail Omar Ghelle who strongly advocated for the top priority of funding Somali forces over AMISOM forces, of the Guardian editorial strongly suggesting the consideration for disengagement and of other international experts.

With political mastery, to deflect any criticism from the humanitarian activists, UK addressed AMISOM funding outside the conference. On Feb 22, it has pushed through the UN Security Council a resolution that increased AMISOM forces from 12,000 to 17, 731 with the annual budget of $ 550 million. Reimbursement for lost or destroyed equipment during the fighting is extra budget. Kenya complains about the rejection of $ 10 million requested for its navy while it received from UK $ 15 million with no string attached. The humanitarian assistance offered during the conference could be intended to mitigate the expected human disaster due to the escalation of military operations in Somalia.

The communiqué ignored to reaffirm the territorial integrity, sovereignty and unity of Somalia. Also, it remained silent about the illegal fishing and dumping of toxic off the Somali coast, the indiscriminate shelling and killing of civilians by UN supported forces and the frequent Ethiopian military incursions into Somalia.

Out of the 26 paragraphs of the communiqué, only 7 paragraphs contain new information. The important tasks spelled out in these paragraphs are the followings:

1. Endorsement of the unpopular UNPOS political process based on making new constitution in the midst of civil war, regional secessions, social distrust and foreign interventions. The constituencies of the new constitution are not defined. The Switzerland government is the major backer of the new federal constitution. This is unprecedented political misjudgment.

2. End of the Transitional Federal Institutions in August 20, 2012. The communiqué leaves out what will follow but the list of activities detailed in it foretells a standby arrangement.

3. Introduction of parallel Somali political processes at the national and local levels. It is not clear the relationship between these two parallel processes.

4. Establishment of a New Stability Fund. Local areas will be supported based on the new deal for engagement with fragile states recently adopted in Busan and on the stabilization strategies prepared by both IGAD and TFG.

5. Confirmation that Somaliland is not part of Somalia or of TFG. On February 23, 2012, Somalia ended to exist internationally. Over the next three years, Somaliland will receive directly from UK about £105 million for promoting prosperity, tackling poverty and consolidating progress on stability and democracy.

6. Adherence to shady agreements like Djibouti Agreement, Kampala Accord, Roadmap and Garowe principles I and II. These agreements violate the Transitional Federal Charter and obstruct genuine political process.

7. Establishment of a Joint Financial Management Board (JFMB) in conflict with the Transitional Federal Charter and any national Constitution. JFMB reinforces the lack of transparency and accountability because Board members are foreigners. International and domestic resources are regulated by different rules and principles. French Republic, United Kingdom, European Union and the World Bank are the initial members of JFMB. The President, the Prime Minister and the Minister of finance of the TFG will initially represent the TFG on the JFMB. This arrangement violates the Somali constitution and domestic laws. JFMB will usurp the establishment of the offices of the Ministry of Finance, Accountant General, Central Bank and Auditor General. JFMB operates only in South Central Somalia. A functional government can fight corruption.

8. Commitment to support the Regional Maritime Capacity Building Initiatives. Somalis are not aware any of these initiatives developed and funded for European maritime security.

9. Establishment of a Regional Anti Piracy prosecutions and intelligence coordination centre in the Seychelles for Somali Citizens. From this plan transpires the time-span assumed for the continuation of the Somali crisis.

10. Implementation of the Financial Action Tasks Force’s recommendations on Combating Money Laundering and the Financing of Terrorism. Without having responsible functional Somali Government in place, this decision could endanger the lives of millions of Somalis for suspicion or precautious justifications.

11. Collaboration with the Global Counter Terrorism Forum and other international and regional bodies.

12. Implementation of Mogadishu Recovery and Stabilization plan. This is very much needed plan but it could be used against national needs and goals.

13. Implementation of Djibouti Code of Conduct and Exclusive Economic Zone (EEZ). Somalia as the most failed state in the world lacks the authority and capacity to implement this responsibility.

14. Establishment of a “Core Group of Engaged Countries” that would drive progress in support of UN, AU and IGAD efforts.

Some of the unanticipated issues in the communiqué are the pre-concluded anti-piracy agreement between UK, Seychelles and Somaliland, the revival of EEZ issue overwhelmingly rejected by the federal parliament, the quick approval of the increase of the AMISOM forces with their financial support before conference, the concession for the secession of Somaliland and the formation of the core group of engaged countries responsible on Somalia in the foreseeable future. The Somali people are oblivious to the substance and meaning of the plans and programs decided on their behalf by the International Community and written in English. The wide gap of information, needs and interests between the international community and the Somali people will erode public confidence and support critically needed as precondition for Somalia’s prospect for peace and stability.

Somalia’s socio-political problems, culture and experience are significantly different from many failed states. Yet, it shares with them the fundamental need for governance. My expectation from the London Conference was a focus on strategic measures to rebuild Somalia’s failed state at national and local levels throughout Somalia on the basis of new approach which encompasses the following four points:

1. Change of the current failed strategy of IGAD/UNPOS with its attendant constructs like Kampala Accord, Djibouti Agreement, the Roadmap, Garowe Principles, and Addis Ababa Agreement between Ahlu Sunna Wal Jama and TFG.

2. Call for the appointment by the Security Council of powerful, credible international leader with transparent political agenda for State building in Somalia.

3. Call for Somali National Accord which deals with reconciliation, peace and State formation in Somalia as the mandate of the Transitional Federal Institutions must end on August 20, 2012.

4. Pledge for the disbursement of at least 10 billion dollars in the next 4 years specifically for State Building. Humanitarian assistance will decrease as peace and hope expands.

Divided Somalia into fiefdoms enters another era beyond its control. Nevertheless, there is always hope for better future.

[SultanOrder]

You posted an opinion paper by Mohamud M Uluso is founder and executive director of Somalia Center for Governance and Development. Some unknown self-professed Somali think tank.

Did you ever read this part:

A briefing paper distributed to journalists on the sidelines of the London conference said that despite Somaliland's "achievements in stability and democracy, international donors cannot deal directly with its government, and foreign investors face uncertainty about whether contracts - the basis of secure business - can be enforced".

This is the british governments message to the Somaliland people and the world, when they distributed this briefing paper to the media.

[PRinCeS_LicK]

You posted an opinion paper by Mohamud M Uluso is founder and executive director of Somalia Center for Governance and Development. Some unknown self-professed Somali think tank.

Did you ever read this part:

A briefing paper distributed to journalists on the sidelines of the London conference said that despite Somaliland's "achievements in stability and democracy, international donors cannot deal directly with its government, and foreign investors face uncertainty about whether contracts - the basis of secure business - can be enforced".

This is the british governments message to the Somaliland people and the world, when they distributed this briefing paper to the media.

Well Since You are Giving out Opinions why not Give other People perspectives They're just as valid .....

Like You Said Thats Just His Opinion .....


The bit that interested me, Was highlighted ...

[Saraxnow]

And in the following lines says:

The SDC circumvented the problem of non-recognition by providing "a transparent, accountable and enforceable means by which investors can participate in Somaliland ventures".

And what was the point for this topic again? I believe it was already clear to most what the objective of the SDC was,which itself was planned way ahead of this London conference.

[PRinCeS_LicK]

They will be vulnerable to the Somali Government, if it tries to make deals that infringe on Somali Sovereignty, such as resource based deals, like Oil. Deals to search for Oil, and natural gases, and eventually extract, can not be signed by a corporation on behalf of a legitimate government. It's like Shell signing a deal with StatOil to search and extract oil in Somalia. That contract would easily be left null and void, under any British court, or International one.

This is the bit I DONT GET ....


Where is he getting this information from ?

The people involved in the S.D.C Said The WHOLE purpose of the Corporation is to Give Somaliland a INTERNATIONALLY Recognized LEGAL entity allowing Somaliland to deal with Investors.

Where is the S.D.C Left Vulnerble When it comes to OIL Deals and Investors when clearly the whole purpose of the S.D.C Was to give somaliLand a Internationally Recogized LEGAL ENTITY!!!! HeLLoo ?

Saraxnow thats really all what I was trying to figure out where he was getting this from?

Seems like wishfull thinking on his part ....

[Saraxnow]

Wuu iska hadlaya walaal.

[PRinCeS_LicK]

Wuu iska hadlaya walaal.

Opinions are based on facts not fictions sooo yeah I am done