(Medeshi) – A company named Pontus Marine Limited to trade by shares for the development of the fisheries business in Somaliland was launched today at the People’s Palace Hall at Queen Mary University in East London. The executive director of the company Mr. Mohamed Yusuf who also owns the Invicta Capital Limited said that the company was being launched after a through research and a feasibility study that showed the prospectus of potential fishing business in the ports of Maydh in Sanaag and Bebera in Saahil of Somaliland. The company will start the first phase of the work from Maydh port where the company will initially use pontoons as a temporary service while the port is being developed .
Mr Yusuf said that ” although this is unique business initially based in Somaliland , it will eventually extend along the coast to Somalia in the future”.
[youtube http://www.youtube.com/watch?v=cs4YLHhP62A]
The company decided to establish a fisheries operation in the Gulf of Aden ( initially based in Maydh and Berbera) which is one of the most productive phytoplankton and zooplankton areas in the world, sustaining rich feeding and nursery grounds for more than 600 fish species , including high value species like tuna, lobster, cuttlefish, shrimps, shark and many more…
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Somaliland: Country has Abundant Tea Growing Potential
The Prospects of Tea Growing in Somaliland
By: Abdirahman Ibrahim Abdilahi
Somalilandsun – Many people in the country are of the view that tea cannot be grown in Somaliland given the erratic rainfall, inappropriateness of altitude and soil. In contrast, the climate is conducive to growing tea in the country and there is a technology to manage soil and rainfall.
A leading Tea Development Authority in Kenya tea Production Company is looking into the potential prospects of growing tea in Somaliland and is interested in setting up large scale tea plantations and small scale farms in the country and their vision is eventually to add value the tea products locally and package for local consumption and with time and capacity to export from Somaliland to neighboring regions. The principals overriding my interest in this sector are to enable the economic development of Somaliland by setting an example to be emulated by others.
7 key hurdles to take when investing in East Africa
By Tim Weiss on June 26, 2013
In a series of articles on VC4Africa, Tim Weiss explores private equity investment challenges in East Africa.
When investing, it is important to be aware of context-specific hurdles. Although investing is a risky business anywhere in the world, each market has its own characteristics. Below I’ll discuss 7 key hurdles to take when you are investing in East Africa, based on recent interviews I had with 22 representatives of (social) equity investment funds, consultancy companies, online news platforms and development finance institutions (DFI) focused on East Africa.
Somaliland: Solar Powered Bulbs Light Darkened Homesteads
HARGEISA (Somalilandsun) – Residents of some rural and urban communities in Somaliland are now utilizing
solar power as their main and only source of electricity.
According to Ms Asha Khalid 37, thanks to the portable solar bulbs sold by Guul Group-GG her 12 years son Master Hussein who is a 5th grade pupil can now do his homework at ease thus an improvement in his academic grades.
Hussein Adan who is one of the brightest students in Obsiye, used to struggle with studies in his darkened home due to lack of sufficient light as he mostly relied on the one kerosene lamp the family owned thus in great demand, but after his parents brought home the GG supplied solar bulbs things have improved rapidly for him especially at school.
How to establish yourself as an expert in your field
It’s true, things are changing out there, and if you’re a business, you need to change with the times. These days, if you want to have any kind of market share you have to have what is commonly known as ‘authority’. People will only trust your marketing efforts and your company as an entity when you appear to have authority. Why? Well, there are hundreds of companies that do what you do. To step out from that particular group you need to show that you have something of worth. And knowing more than the other company does about your field immediately marks you out as a company worth listening to. Here are some quick tips and pointers to help you do this.
Made in Africa: building strong brands on the continent
During a session at last week’s World Economic Forum on Africa, held in Cape Town, experts discussed how Africa can tap into local innovation to launch globally recognised brands. Here are the highlights from the session.
Brand Africa has undergone a remarkable transformation in recent years, said Xavier-Luc Duval, vice-prime minister and minister of finance and economic development of Mauritius. The transformation, he added, has not been as superficial as the word “brand” might imply.
“Over the years, Mauritius has been consistent in achieving political stability, consistent in the rule of law, consistent in educating our people, consistent in easing the cost of doing business,” he said, highlighting that a country’s brand is what it does and not what says it is.
A guide in Africa
Why investors in frontier markets need someone to show them around
CARDBOARD BOXES are not sexy. But they are useful: imagine trying to shift a lorryload of eggs from farm to shop without packaging. Because boxes make it easier to move things around, they allow shops to stock a wider variety of goods at lower prices. So to run a cardboard-box factory in Africa is to put more and better food on African plates.
The Riley Packaging plant in Uganda is quite a sight. From wall to wall and floor to ceiling, it is crammed with vast rolls of paper. A visitor feels like an ant gazing at stacks of toilet rolls. A management consultant might ask: why does Riley need to keep so much inventory—three months’ worth—heaped idly on the floor? Surely there are better uses for the firm’s capital?
Guul-Group Bridges Investor- Investment Opportunity Gap – Featured on Horn Newspaper
Doing business with Africa
With heightening interest in African investment opportunities, former negative perceptions of the continent are only just beginning to break.
http://bnmagazine.co.uk/index.php/2013/02/01/doing-business-with-africa/
Guul-Group Bridges Investor- Investment Opportunity Gap
“We have facilitated lucrative deals for foreign and Diaspora investors within various sectors in Somaliland” – Mahamed Liban
By: Yusuf M Hasan
HARGEISA (Somalilandsun) – Consultancy services by Guul Group Company has made blind investment in the country a thing of the past.
Foreign and Diaspora investors are now making knowledgeable decisions through services provided by Guul Group-GG company registered in Somaliland with partners in the UK.
According to the Chief Executive Officer Mr. Mahamed-Guled Liban, his GG Company has so far facilitated numerous investment services to Diaspora Somalilanders as well as foreigners wishing to invest in-country.