Somalia is a country located in the Horn of Africa which officially consists of the intra-46th meridian east territory, the five federal member states. Somalia is the easternmost country of Africa, on the Horn of Africa. It extends from just south of the Equator northward to the Gulf of Aden.

The capital, Mogadishu, is located just north of the Equator on the Indian Ocean. Somalia. Political map: boundaries, cities. Includes locator. The country is bordered by Ethiopia to the west, Djibouti to the northwest, the Gulf of Aden to the north, the Indian Ocean to the east, and Kenya.

Hassan Sheikh Mohamud is served as president of Somalia since 2022 and has been acting as the 9th and the current President of the Federal Republic of Somalia.

The current population of Somalia is 17,222,128 as of Monday, July 3, 2023, based on Worldometer elaboration of the latest United Nations data. Somalia’s population will rapidly increase for the rest of the century, ending in 2099 with about 75.03 million people. Ethnic Somalis are principally concentrated in Somalia (around 8.8 million), Somaliland (5.7 million), Ethiopia (4.6 million), Kenya (2.8 million), and Djibouti.

Somalia’s economy is based on agriculture; however, the main economic activity is not crop farming but livestock raising. Somalia’s economy consists of both traditional and modern production, with a gradual shift to more modern industrial techniques.

Somalia was affected by several shocks during 2019 and 2020—drought, floods, locust invasions, and the COVID–19 pandemic. As a result, real GDP, which grew 2.9% …

The SBCF worked across all areas of the Somali Peninsula to provide matching grants for businesses with proven track records working in key sectors. Somali business forum is the primary business network bringing businesses together to make a new contact, encourage inter-trading, and share best practices to provide a global platform where Somali professionals, entrepreneurs, and students can network and showcase their talents for the business world at large. The estimated value of the warehouse. SOS 544,157,812.60. City Covered. Mogadishu. Indicator. Somalia. Sub-Saharan. Africa. OECD high income in the country.

Somaliland’s mobile tech infrastructure is considered as one of … sent over 50 million customer payments worth nearly $10 billion.

Young people make up over 75 percent of the population in Somalia and the world, 87 percent of the population is under the age of 25 and this group is consistently confronted with roadblocks to their economic… People under 30 years old represent more than two-thirds of Somalia’s population – one of the largest demographic youth bulges in the world. The future of Somalia rests on empowering its large youth population, according to the UN Development Programme’s 2012 Somalia Human Development Report. Generating jobs for the country’s growing youth population is one of the major challenges facing Somalia

The Somalia National Development Plan (SNDP) helps the country in the Development planning and rehabilitation – project documents such as Agriculture and Food Security · Democracy, Human Rights, and Governance in the country. The proposed project document has been designed in close cooperation with the Ministry of Commerce and Industry, Ministry of Labor and Social Affairs, and ability of the situation in Somalia and the fragility of political advances

Business opportunities in Somalia

Telecommunications, food and beverage, textiles, and clothing manufacturing are just a few of the industries offered. Livestock, agricultural products hides, and skins are the principal exports of Somalia. Live animals (cattle and sheep), meat (beef and mutton), fish, and bananas are among these exports. Seafood is another key area of Somalia’s exports, as well as a component of other countries’ imports into Somalia. Fresh fruits like oranges and mangoes are also popular export items. Somali-grown dates have a substantial market in the Middle East. Aside from agriculture, Somalia’s traditional industries are still thriving. Basketry, ceramics, and leatherwork are examples of handicrafts. Copperware, daggers with mother-of-pearl handles, and silver jewelry are all made by artisans. Sandals, boots, and belts are examples of leather items. Kaftans (robes) are robes worn by ladies over their clothes.

Similar Posts