thank you,2014 somalia became the world leading exporter of livestock that is good news.
somalia Mogadishu port boom
recent mansoon rains-no casualty,it rained crazy
Economic growth is expected to accelerate to 3.4 percent next year and 4.3 percent in 2017, compared with 2.7 percent this year, the IMF said. Growth has been held back by slowing remittances and insecurity, Zandamela said.
Expansion is set to rebound in the medium term on increased foreign investment from Somalia’s diaspora into sectors such as construction, services and telecommunications, he said. The United Nations Development Programme estimates that Somalia has one of the world’s largest
diaspora groups, with 14 percent of the population living outside the country and sending home as much as $1.2 billion a year in remittances.
Legal Guarantees
Donors will also continue to play an important role in the economy after providing support of more than $900 million last year, Zandamela said. Foreign-based companies keen on investing are waiting for the approval of a new constitution and solid legal guarantees before making decisions, he said
somali meat export to Saudi arabia soars.
The Gulf’s appetite for Somali livestock is down to three factors. Since the oil boom of the 1970s,
Saudi Arabia and other states in the region have been able to afford a meat-heavy diet. Somali goat is also said to be sweeter and less fatty than goat from Australia. But the most important factor, and one that sends orders, and prices, rocketing, is the season when Muslim countries celebrate Eid al-Adha, the Feast of the Sacrifice.
