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somalia (complete analysis)

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chhavi narayan
chhavi narayan

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somalia (complete analysis)
SOMALIA BY:-PAVAN KUMAR AMRUTHA KS GEOFFREY CHHAVI NARAYAN
 History of Somalia  About Somalia  Geography  Place to visit  Political Environment  Legal system  Economy  Challenges for Somalia’s economic reconstruction  Interesting facts about Somalia  Business culture  Taxation  Industrial sector  Somalia Chamber Of Commerce And Industry  Opportunity in Somalia  Starting A Business In Somalia  Investment incentives  Competitive Analysis CONTENTS
Britain ,Italy and France claimed their own power.  In 1960 gained independence Coup d”etat took place Mohamed sail barre became president. White clif group formed ICU and ARPCT HISTORY OF SOMALIA
Location: Horn of Africa Capital : Mogadishu Population: 10 Million Language : Somali, Arabic ,Italy and English Major religion: Islam Unemployment rate : 67% Life expectancy: 50 years (men) and 53 years ( woman) ABOUT SOMALIA
 Location :-Eastern Africa ,burdening the gulf of Aden, Indian ocean and East of Ethiopia  Total Area :-637657 Sq. km Land :- 627337 sq. km Water:- 10320 sq. km o Land boundaries :- 2,340 km Border countries :- Djibouti 58 km, Ethiopia 1,600 km, Kenya 682 km GEOGRAPHY
Population growth rate:-3.38% (2010 est.) Birth rate:45.62 births/1,000 population Death rate:16.97 deaths/1,000 population
 Natural resources :- uranium, iron ore, tin, gypsum, copper and salt .  Natural hazards :- droughts and dust storms.  Environment (current issues) :- deforestation; overgrazing, soil erosion, desertification. CONT.
Place to visit…. CENTRAL MOSQUE MOGODISHU BEACH FORTS OF MAJEERTEEN SULTANATE
 Video Places to visit
Government Type:-Federal parliamentary republic Present president:-Hassan Sheikh Mohammad Independence:-1st July 1960 Constitution:- Lasted Drafted: 12th June 2012 Approved : 1st Aug 2012 Suffrage:- 18 years of age Flag description: Political Environment
 Four distinct legal traditions :- English common law Italian law Islamic sharia Somali customary law  Reformed legal system :- A uniform penal code Code of criminal court procedures  From 1973 till day :- Unified civil code Legal system
Informal economy system Based on: livestock Telecommunication firm Money transfer companies GDP (PPP)- $5.896 Million (2010)  GDP(Official exchange rate )-$2.372 billion GDP(Real growth rate)-2.6%(2010) GDP(Per Capita )- $600 GDP Composition by sector : Agriculture-72.6% Industry -7.2 Service-33.5% ECONOMY
Industry :- Sugar refining ,textiles, wireless, communication. Export :- Bananas ,charcoal ,hides and livestock Export partner :- Yemen:-18.1% UAE:- 51.7% Oman:-13% Cont.
Import :- Foodstuff, manufactures ,petroleum, construction material . Import partner :- India:- 13.2% Pakistan:-6.4% China:-6.7% Djibouti:27.3% CONT.
INFLATION RATE IN 2012
 Video
Certification Trade difficulties Currency reform Social engagement Challenges for Somalia’s economic reconstruction
• Somalia is one of those few African nations with the lowest HIV infection rates • First African nation that was used for flying warplanes by the British • One of the most advanced telecommunications system in Africa. • Only Islamic country in the world that boasts of a 100% concentration of Sunni Muslims. • The internet connectivity in Somalia is the fastest in the whole world. • Somalia has the largest refugee camp in the world. INTERESTING FACTS ABOUT SOMALIA
Accepted public behaviour:-  Always be courteous .  Remove shoes whenever enters a building . Business attire MEN  Wear casual dresses .  Wear dress shoes .  Leave their shirts always un-tucked BUSINESS CULTURE
Women  Should wear conservative cloth  Must wear headscarf all the time  Wear flat shoes Meeting  Normal business day start from 7 a.m. to 7 p.m.  Meeting start within 30 min of schedule  People prefer not to schedule meeting on Friday CONT.
Dinner etiquette  Don't offer anything with other people with left hand .  Sharing a meal and eating in same plate is best way to know each other .  Don’t start eating before other if invited . CONT.
 Direct taxes :-Imposed on income and profit  Indirect taxes :- Imposed on imports, exports, mortgages, vehicle registration, sugar, alcohol, and goods. TAXATION
 Telecommunication industry :- Golis telecom Somalia, Netco , Somafone , Telcom  Mineral Industry :- Gemstone and salt  Manufacturing Industry :- Fish canning ,meat processing plants and Coca-Cola bottling plant operation in Mogadishu  Airlines Industry :- 12 private airlines firms. INDUSTRIAL SECTOR
 Its under enactment of Law No. 38 that was issued on 30th July, 1970. • Aims at developing a favourable investment climate in Somalia.  Important services are :-  Business documentation services  Research and Publications  Business Development and Promotion Somalia Chamber Of Commerce And Industry
 Inflation  Exchange rate (1 USD=1,198.98 SOS)  Local grain price trends  Livestock price trends were mixed in Somalia Market Data Update : march 2013
 Sophisticated telecommunications network.  Untapped locally available resources .  Money transfer .  Real estate .  The electricity grid in Somaliland . OPPORTUNITIES IN SOMALIA
 Ample information about the cultural, political and economic conditions of the country.  Should also understand the factors that affect the economy of Somalia .  Customer behaviour and preferences of Somali people must be known.  Always follow the official norms.  Contacts Embassy of Somalia and the Chamber of Starting A Business In Somalia
 No tax for three years.  Full compensation for any expropriations. INVESTMENT INCENTIVES
 Economic risk:- Poorest country in the world 40% Extreme below poverty line  Political and legal factor:- Unstable government The Most riskiest & corrupt country in the world  Natural risk:- Recurring droughts and dust storm 2nd most drought prone area BUSINESS RISK IN SOMALIA
 Global Competitiveness Index :- Somalia is not in the list. Business Competitiveness Index Somalia is not in the list Competitive Analysis
A Ray of hope …
somalia (complete analysis)

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somalia (complete analysis)

  • 3.  History of Somalia  About Somalia  Geography  Place to visit  Political Environment  Legal system  Economy  Challenges for Somalia’s economic reconstruction  Interesting facts about Somalia  Business culture  Taxation  Industrial sector  Somalia Chamber Of Commerce And Industry  Opportunity in Somalia  Starting A Business In Somalia  Investment incentives  Competitive Analysis CONTENTS
  • 4. Britain ,Italy and France claimed their own power.  In 1960 gained independence Coup d”etat took place Mohamed sail barre became president. White clif group formed ICU and ARPCT HISTORY OF SOMALIA
  • 5. Location: Horn of Africa Capital : Mogadishu Population: 10 Million Language : Somali, Arabic ,Italy and English Major religion: Islam Unemployment rate : 67% Life expectancy: 50 years (men) and 53 years ( woman) ABOUT SOMALIA
  • 6.  Location :-Eastern Africa ,burdening the gulf of Aden, Indian ocean and East of Ethiopia  Total Area :-637657 Sq. km Land :- 627337 sq. km Water:- 10320 sq. km o Land boundaries :- 2,340 km Border countries :- Djibouti 58 km, Ethiopia 1,600 km, Kenya 682 km GEOGRAPHY
  • 7. Population growth rate:-3.38% (2010 est.) Birth rate:45.62 births/1,000 population Death rate:16.97 deaths/1,000 population
  • 8.  Natural resources :- uranium, iron ore, tin, gypsum, copper and salt .  Natural hazards :- droughts and dust storms.  Environment (current issues) :- deforestation; overgrazing, soil erosion, desertification. CONT.
  • 9. Place to visit…. CENTRAL MOSQUE MOGODISHU BEACH FORTS OF MAJEERTEEN SULTANATE
  • 11. Government Type:-Federal parliamentary republic Present president:-Hassan Sheikh Mohammad Independence:-1st July 1960 Constitution:- Lasted Drafted: 12th June 2012 Approved : 1st Aug 2012 Suffrage:- 18 years of age Flag description: Political Environment
  • 12.  Four distinct legal traditions :- English common law Italian law Islamic sharia Somali customary law  Reformed legal system :- A uniform penal code Code of criminal court procedures  From 1973 till day :- Unified civil code Legal system
  • 13. Informal economy system Based on: livestock Telecommunication firm Money transfer companies GDP (PPP)- $5.896 Million (2010)  GDP(Official exchange rate )-$2.372 billion GDP(Real growth rate)-2.6%(2010) GDP(Per Capita )- $600 GDP Composition by sector : Agriculture-72.6% Industry -7.2 Service-33.5% ECONOMY
  • 14. Industry :- Sugar refining ,textiles, wireless, communication. Export :- Bananas ,charcoal ,hides and livestock Export partner :- Yemen:-18.1% UAE:- 51.7% Oman:-13% Cont.
  • 15. Import :- Foodstuff, manufactures ,petroleum, construction material . Import partner :- India:- 13.2% Pakistan:-6.4% China:-6.7% Djibouti:27.3% CONT.
  • 18. Certification Trade difficulties Currency reform Social engagement Challenges for Somalia’s economic reconstruction
  • 19. • Somalia is one of those few African nations with the lowest HIV infection rates • First African nation that was used for flying warplanes by the British • One of the most advanced telecommunications system in Africa. • Only Islamic country in the world that boasts of a 100% concentration of Sunni Muslims. • The internet connectivity in Somalia is the fastest in the whole world. • Somalia has the largest refugee camp in the world. INTERESTING FACTS ABOUT SOMALIA
  • 20. Accepted public behaviour:-  Always be courteous .  Remove shoes whenever enters a building . Business attire MEN  Wear casual dresses .  Wear dress shoes .  Leave their shirts always un-tucked BUSINESS CULTURE
  • 21. Women  Should wear conservative cloth  Must wear headscarf all the time  Wear flat shoes Meeting  Normal business day start from 7 a.m. to 7 p.m.  Meeting start within 30 min of schedule  People prefer not to schedule meeting on Friday CONT.
  • 22. Dinner etiquette  Don't offer anything with other people with left hand .  Sharing a meal and eating in same plate is best way to know each other .  Don’t start eating before other if invited . CONT.
  • 23.  Direct taxes :-Imposed on income and profit  Indirect taxes :- Imposed on imports, exports, mortgages, vehicle registration, sugar, alcohol, and goods. TAXATION
  • 24.  Telecommunication industry :- Golis telecom Somalia, Netco , Somafone , Telcom  Mineral Industry :- Gemstone and salt  Manufacturing Industry :- Fish canning ,meat processing plants and Coca-Cola bottling plant operation in Mogadishu  Airlines Industry :- 12 private airlines firms. INDUSTRIAL SECTOR
  • 25.  Its under enactment of Law No. 38 that was issued on 30th July, 1970. • Aims at developing a favourable investment climate in Somalia.  Important services are :-  Business documentation services  Research and Publications  Business Development and Promotion Somalia Chamber Of Commerce And Industry
  • 26.  Inflation  Exchange rate (1 USD=1,198.98 SOS)  Local grain price trends  Livestock price trends were mixed in Somalia Market Data Update : march 2013
  • 27.  Sophisticated telecommunications network.  Untapped locally available resources .  Money transfer .  Real estate .  The electricity grid in Somaliland . OPPORTUNITIES IN SOMALIA
  • 28.  Ample information about the cultural, political and economic conditions of the country.  Should also understand the factors that affect the economy of Somalia .  Customer behaviour and preferences of Somali people must be known.  Always follow the official norms.  Contacts Embassy of Somalia and the Chamber of Starting A Business In Somalia
  • 29.  No tax for three years.  Full compensation for any expropriations. INVESTMENT INCENTIVES
  • 30.  Economic risk:- Poorest country in the world 40% Extreme below poverty line  Political and legal factor:- Unstable government The Most riskiest & corrupt country in the world  Natural risk:- Recurring droughts and dust storm 2nd most drought prone area BUSINESS RISK IN SOMALIA
  • 31.  Global Competitiveness Index :- Somalia is not in the list. Business Competitiveness Index Somalia is not in the list Competitive Analysis
  • 32. A Ray of hope …