INVEST IN SOMALIA - Visit Somalia - Celso Salles

Celso Salles

INVEST IN SOMALIA - Visit Somalia - Celso Salles
Format
Hardback
Publisher
Blurb
Published
29 March 2024
Pages
204
ISBN
9798881472535

INVEST IN SOMALIA - Visit Somalia - Celso Salles

Celso Salles

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Somalia, is located at easternmost part of the African continent, on the Horn of Africa and occupies an important geopolitical position between sub-Saharan Africa and the countries of Arabia and Southwestern Asia. The capital, Mogadishu, is located just north of the Equator on the Indian Ocean. Somalia has an estimated population of around 14.3 million, and has been described as the most culturally homogeneous country in Africa. Around 85 percent of its residents are ethnic Somalis. The official languages of Somalia are Somali and Arabic. Most people in the country are Muslims. Somalia is a country of geographic extremes. The climate is mainly dry and hot, with landscapes of thorn bush savanna and semi-arid, and the inhabitants of Somalia have developed equally demanding economic survival strategies. Apart from a mountainous coastal zone in the north and several pronounced river valleys, most of the country is extremely flat, with few natural barriers to restrict the mobility of the nomads and their livestock. Somalia's economy is growing and is built on a strong trading relationship with the world as well as favorable liberal investment policies that welcome all investors contributing to our dynamic private sector. Somalia is committed to sound fiscal policy, economic freedom and has a steady and dramatic growth rate which is resulting to improve the economic and investment environments so as to ease the process of investing in Somalia and facilitating further trade and prosperity. Somalia has a substantial potential in natural resources: agriculture, livestock, fishing, telecommunications, energy, manufacturing, ICT, Construction and Tourism and Hospitality and hydrocarbons. This wealth in all the diverse sectors could attract many investors. Moreover, Somalia has a young population, a diaspora willing to invest in the country and, with the longest coastline in Africa, is strategically located to become a potential regional economic hub. There are joint venture

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