Somaliland: Ethiopia Acquires 19% Stake in DP World Berbera Port

Somalilandsun-DP World, the United Arab Emirates-based maritime conglomerate, has announced that Ethiopia will become a shareholder of the Port of Berbera in Somaliland, a crucial site for Middle Eastern trade, strategically located along the oil route.

This announcement follows an agreement that was signed by DP World and the Somaliland Port Authority in Dubai on March 1, 2018.

DP World will hold a 51% stake in the project, Somaliland 30% and Ethiopia the remaining 19%.

The government of Ethiopia will also invest in infrastructure to develop the Berbera Corridor as a trade gateway for the inland country of Somaliland, which is one of the fastest growing nations in the world. read more

Somaliland: Guul Group, Investment Ministry Facilitate TEF2018 Application Training

Guul Group, Investment Ministry Facilitate TEF2018 Application Training in Hargeisa

Somalilandsun- We will endeavor to attract such opportunities and encourage investment from individuals, philanthropist foundations and corporate companies.
This was stated by the CEO Guul Group Guleid Harun Ibrahim during a training the consultancy firm conducted in partnership with the ministry of Investment for prospective applicants to the Tony Elumelu Foundation’s TEF 2018 Entrepreneurship grant.
In attendance was the DG of Ministry of Investment Ahmed Abokor Mohammed and Director of Investment Mohammed Saleban Ilmi as well as the over 30 prospective beneficiaries of TEF 2018.
The training was held at the Investment ministry conference hall in Hargeisa
Stressing that applicants from Somaliland and Somalia were not limited to those present at the short training the Guul Group boss said the purpose was to see to it that knowledge applications are submitted thence a fair chance of competing with thousands of other Africans applying. read more

Somaliland minister seeks energy investment from UAE


DP World signed a US$442 million agreement with the Government of Somaliland to develop and operate a regional trade and logistics hub at the Port of Berbera. Pawan Singh / The National

A Somaliland government minister is in the UAE to drum up investment for power projects to stabilise the self-declared state’s precarious economy where energy costs are among the highest in the world.

The self-governing region which broke away from Somalia in 1991 is seeking to build on its relationship with Gulf nations to improve its infrastructure following the election of a new president last year. read more

Hargaysa Oo Laga Daah-furay Mashruuca Maal-galinta Fikradaha Ganacsiga Ee Tony Elumelu Foundation

Hargaysa(HWN):-Munaasibada lagu daah-furayey  mashruuca maal-galinta fikradaha ganacsiga oo ay wado shirkad uu leeyahay maal-qabeen afrikaana  oo la yidhaahdo Tony Elumelu Foundation ayaa maanta lagu qabtay hotelka Ambassador ee Magaalada Hargaysa.

Mashruucan maal-galineed oo loogu talo-galay dadyowga afrikaanka ah ee leh hal-abuurka ganacsiga ayaa socon doono muddo toban sannadood ah oo saddex ka mid ahi ay dhamaadeen, waxaana lagu maal-galin doonaaa lacag gaadhaysa 100-milyan oo dollar ,iyadoo looga go’leeyahay in ay ka  faaidaystaan dad gaadhaya toban kun oo qof oo la rabo in ay iyaguna sii shaqaaleysiiyaan dad gaadhaya hal milyan oo qof oo ku nool qaarada afrika oo ay Somaliland-na ku jirto read more

Somaliland: “Though Investment is Risky Business my Country Assures Returns” says SLCCIA

Chairman of the Somaliland Chamber of Commerce Mohamed Shukri Jama  address to the UK SL investment Conference

Somalilandsun — while investment opportunities in the developed countries are few and returns are small, we want to welcome you to Somaliland, a place with a growing economy, lot of investment opportunities and greater returns.
This was stated by the Chairman of the Somaliland Chamber of Commerce, Industry & Agriculture- SLCCIA Mohamed Shukri Jama during his address to the UK SL investment Conference held in London on the 14th October 2014
Below are the full excerpts of the address

The President of Republic of Somaliland, Ahmed Mohamed Mohamoud (Siilaanyo), The UK and Somaliland Ministers, Parliamentarians of countries, the business community and other dignitaries present. read more