What is it that is driving the prosperity in this island in a region torn apart by decades of political and social upheavals?
No single factor is responsible, but peace, stability, a patriotic citizenry, and functioning civil service have all contributed. But arguably the most important development has been the return of hundreds of Diaspora ‘Somalilanders’ who have abandoned life in the West to set up business in the country.
Mr Mahamed-Guled, is one such returnee. After several years living in the West , Guled decided to follow his dream of playing a part in the economic development of his ancestral land. In Somaliland he and a small team of young people floated the Guul Group, a commercial conglomerate that runs a range of services – from agro-processing to transport and logistics, construction, fisheries, import/export, and business consultancy.
The raggedy cargo truck drives onto the ferry which immediately sinks deeply into the water, only seemingly buoyed by the grace of mother nature. The truck appears misplaced on the ferry, but locals assure me that this is the cheapest and quickest route to the final destination. “This is Africa” is often an overused phrase, but this truck is a microcosm of the continent’s transport and logistical challenges (and subsequent investment opportunities).
It is an often overlooked fact, but only about 30% of African roads are paved, and 50% remain in “poor condition,” according to the United Nations Economic Commission for Africa. It is this reality that makes shipping cement from Shanghai to the shores of Djibouti about 60% cheaper than shipping from Ethiopia’s capital Addis Ababa to neighboring Djibouti by road. This statistic does not indicate better things for ports. The same UN report estimates that Africa’s ports productivity is mere 30% of the international norm. This is logistics in Africa. But why?
“Dr M A Omar Trade & Foreign investment Minister
“Because Somaliland is open for business as well as its well-established peace and stability as well as its economic potentials that remain untapped thence very lucrative for investment both foreign and local” Trade and foreign investment minister
By: Yusuf M Hasan
HARGEISA (Somalilandsun) – Somaliland is signaling to all potential investors that it is “open for business,” having progressed from a post-conflict situation to a state of political stability and sustainable economic development. Underpinned by this transformation, Somaliland is now firmly in a period where it is able to encourage foreign investment.
Guul Group aad iyo aad aya usoo dhawaynaysaa heshiiskan oo larajaynayo in Somaliland faaido badan kusoo kordhinkarta. PetroSoma iyo Sterling Energy waanu ku faraxsanahay, waanu la shaqaynaynaa, waanu la dadaalaynaa.
London() War maanta laga soo saaray suuqa ganacsiga saamiyada ee London ayaa shaaca ka qaaday in shirkada tamarta Sterling ay heshiis la gashay shirkadda Petrosoma,heshiiskaas oo shirkadda Sterling u ogolaanaya inay hesho 10% wada shaqaynta iskaashiga shirkadaha Genel,Jacka, Petrosoma ee Balooga Oodweyne.
By: Abdirahman YonisAhmed Abdulqadir
Somalilandsun – Due to The Development of the country, Pontus Marine Limited which is Somaliland’s First global Fishing Company with its aim of focusing on supplying quality fishery to domestic and overseas market Welcomes Local Investment Participation to Somaliland.
Speaking to Somalilandsun Mr. Ahmed Abdulqadir Ahmed Public and Communication Manager to Pontus Marine said that Their Company is launching a Development Program to the Country towards Fishing Opportunities
|Somalilandsun – Guul Group is organizing a launch for Pontus Marine Ltd Somaliland’s first global fishing company focusing on supplying quality fishery to both domestic and overseas markets.
The launch is for selling $5m worth of shares for the company. This much needed investment for Somaliland.
The two companies are owned by somalilanders in the Diaspora with local operations in the country where Pontus Marine Ltd www.pontusmarine.com; is in the process of initiating a broad share issues in the company as pertains to fishery sector development while Guul Group www.guulgroup.com specializes on investment and economic development consultancy in which it has distinguished itself so far.
Guul Group under contract from Pontus Marine Ltd is cordially inviting those citizens interested in acquiring shares in fishery development to a launch of shares issues worth $5m at the following dates and venues where your presence would very much be appreciated:
9am – 11am Sunday 25th Aug in Ambassador Hotel Hargeisa
9am – 11am Monday 26th Aug in Maansor Hotel Berbera
9am – 11am Tuesday 27th Aug at the University of Burao
Be there to be part of this great innovative project designed to stimulate the country’s fishing industry thus provide sustainable livelihoods, employment opportunities and economic development.
Public Announcement: Business opportunities at Petrosoma and Pontus Marine Limited
Guul Group Investment Consultancy Partner in Somaliland
|(Somalilandsun – Guul Group has developed a network and mustered years of experience working with individuals, groups, institutions and government agencies in Somaliland, Somalia and the Horn of Africa.
The company has been in business in Somaliland for a while and now deeply understands the tenets of doing business in the area. The level of experience garnered by Guul Group through the successes and challenges has put the company in a suitable position to offer proficient consultancy services to individuals and businesses that eye doing business in Somaliland.
Consequently, Guul Group is currently offering services in Business planning, development & strategy, project management, event management, marketing, branding and training, all of which are provided across Somaliland and Somalia with partners across the Horn of Africa.
So far, the company has enabled a number of investors to take advantage of business investment opportunities in Somaliland and have been able to reap hefty profits through such informed business initiatives. Guul Group works with individuals, small, medium and large sized businesses in enhancing a more conducive investment environment through acquiring, analysing and presenting practical business information to interested businesses.
Entities that would like to make worthwhile investments in the region should not hesitate to contact Guul Group. That is because investment should not be done blindly, but should be spearheaded by a well informed entrepreneurial team with up to date hands-on information about the potential business environment. That is what Guul Group has to offer. With a wide network, business experience, projects management and marketing projects, Guul Group is the exact service provider that you need to provide you with invaluable consultancy services that will guarantee your business prosperity.
Business in Somaliland is lucrative, but that can be elusive if the initial process of setting up the business is not well done. There are a number of challenges that are associated with investing in Somaliland, particularly if it is by someone who has not done extensive research or contracted the services of a well informed consultancy company like Guul Group.
If you really want to do business in Somaliland, Somalia and in extension, the Horn of Africa, you should contact Guul Group for its consultancy services in business, management and marketing.
About Guul Group
‘Guul’ meaning ‘success’ in the Somali language has been incorporated with the English word ‘Group’ to portray and highlighting the amalgamation, collaboration and affiliation of successful Somali and foreign investors. Guul Group is a corporation that has a sizeable portfolio and is operating across a range of sectors that include agriculture, livestock, and consultancy. It has striven to establish and bolster trade within Somaliland, Somalia and the rest of the Horn. The company is fully primed to invest and create in the region’s growing economy thus will contribute to the eventual growth of the region.
Guul Group’s vision is to spread its wings far beyond the Horn of Africa with significant international operations in many industries by 2020. The brand is focused; a clear vision of the future, guiding the organisation’s path to growth. GG management envisage reaching that vision, not only by connecting and building trust with customers, consumers and clients but by entrepreneurial qualities such as pioneering, creativity, innovation, knowledge and inspiration. Guul Group’s growth plans encompasses diversification through adding new lines to existing business , adopting horizontal and vertical growth strategies and moving to new regional markets. The Group’s vision for an environmentally friendly and sustainable growth is guided by strong values of trust, credibility, quality, integrity and transparency.
Guul Group is headquartered in Hargeisa Somaliland, with partners across the Horn of Africa and the UK. We are constantly looking for new ideas, opportunities and partnerships; please get in touch.
For more info:
(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”.
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…
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.
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.