Archive for the ‘Business in Somalia’ Category

“The Historical Common Market of Islam”

Monday, May 28th, 2007

Salahuddin Kasem Khan writes:

An Islamic Common Market is a concept which has a firm basis in Islamic History. The establishment of the Islamic State in Medina founded the first Common Market. The dismantling of tribal, cultural and racial barriers by Islam led to a society based on religious brother-hood which transcended geographical boundaries, and as a natural collorary, economic barriers were also simultaneously removed. This new system was to unleash the entrepreneurial and trading energies of the Muslim Arabs, who with the passage of time were determined to establish the greatest economic organisation the world has seen stretching from Morocco to Indonesia.

Click here to view the full report on the Islamic Economic Forum.

UN REPORT: Iran Hunting Uranium in Somalia

Tuesday, December 12th, 2006

A new, yet to be released UN Report is claiming that the Iranian Government is secretly trying to exploit Uranium deposits in middle Somalia.

Click here to view the full report (PDF) on the Pajamas Media.

SOMALI: Amid the Chaos Business Thrives

Sunday, July 16th, 2006

The International Herald Tribune writes:

When a Coca-Cola bottling plant opened here two years ago, the 400-plus investors invited to finance the project were carefully chosen by clan. There were Abgal investors and Habar Gedir investors and representatives of other clans around Somalia as well. Each contributed a minimum of $300 to help start the United Bottling Company, Somalia’s only maker of Coca-Cola. The project was a deliberate effort to create a feeling of communal ownership for the factory in a place where clan-based conflict has long been the rule. Building a sparkling, $8.3 million facility in such a tumultuous capital was a bold business venture. The thinking was that Somalia had huge business potential and that long years of anarchy, which erupted after Somalia’s last government collapsed in 1991, would eventually give way to a mending of the country. But Somalia is a difficult place to read, and now the Coke brand faces a much-changed business environment, one fraught with both opportunity and peril. Islamic militias took over the capital in June and brought some stability to the city - so much that the Coke bottler predicts the company’s sky-high security costs will soon plummet.

Click here to view the full dispatch on the IHT.