Daqane Posted May 28, 2013 His Excellency Prime Minister Abdi Farah Shirdon today welcomed the business community as the engine of growth for the Somali economy as investors gathered in Nairobi for the two-day Somali Reconstruction and Investment Conference. “Not long ago this event would have been unthinkable,” said the Prime Minister. “Today it sends a very powerful message to the world that Somalia is back and we are open for business. We welcome investors in all sectors of our economy.” The Nairobi conference and exhibition, which includes government policymakers, international business leaders and development organisations, is endorsed by the Somali Ministry of Trade and Industry and is the first private-sector-led meeting to focus on investing in Somalia. Among the sectors featured are mining, oil exploration, banking, water, food security, retail and infrastructure “As everyone knows, after decades of neglect our economy has been starved of investment. As a result there are many opportunities in different sectors, from energy and tourism to retail and banking. My message to the region, to the international community and to Somalis living around the world, is come and have a look. Surprise yourself. This is a reforming government picking up the pieces after years of war and do everything to create the most favourable conditions for new investment. Security is better than it has been for decades and the time is right to put Somalia back on the investment map.” The Prime Minister noted another upcoming business conference focused on investment, security and infrastructure, due to be held in Nairobi on 17 June. “Businesses there will be looking at opportunities in agriculture and livestock, oil and gas, mining, telecommunications and financial services, among others. Somalis thrive on business and this is the time,” the Prime Minister said. Somali news leader www.jowhar.com jowharcom@hotmail.com Quote Share this post Link to post Share on other sites
Baashi Posted May 28, 2013 ^ Awoowe waxba gacanta uguma jiraan e hawshu Benaadir guduheeda ha ka socoto. I wish him the best of luck. Taariikh baa qori far waa-weyn awoowe . Quote Share this post Link to post Share on other sites
Daqane Posted May 28, 2013 yup 39 exhibitors, and 821 delegates say otherwise, but please keep on telling us how faroole is more important to the future of Somalia than the entire parliament...taarikha aad hadhal heysidna is being written right now jaale :cool: Quote Share this post Link to post Share on other sites
Baashi Posted May 28, 2013 Bingo on 39 lion dens and 821 folgers keen in getting their share of the caracass. I am sure you will tell us about how dimwits who don't have the capacity to read complicated contracts sold their childrens future in pennies Quote Share this post Link to post Share on other sites
xiinfaniin Posted May 28, 2013 Baashow, The father of Somali poetry once said : Baaluqe ismood wiil hadduu, buuryo-goys yahaye Bisqinbaa nin weyn kugu dirtoon, biidna kuu tarine Shansho iyo baruuriyo hadduu, badhi wan weyn yeesho Baraar habartii loog kama baxshoo, gowrac kama baajo Quote Share this post Link to post Share on other sites
Baashi Posted May 28, 2013 xiinfaniin;956003 wrote: Baashow, The father of Somali poetry once said : Baaluqe ismood wiil hadduu, buuryo-goys yahaye Bisqinbaa nin weyn kugu dirtoon, biidna kuu tarine Shansho iyo baruuriyo hadduu, badhi wan weyn yeesho Baraar habartii loog kama baxshoo, gowrac kama baajo Awoowe Dhaqane waambo iyo moxog buu daacayaa oo ma garan karo suugaanta sare ee bal u yara jilci fadlan Geesigii tilmaanaan jidhay, mar baa fulay u tookhaaye Niman kugu toosin baa kuu takhaashumiye, ... Inna Abdulle Hassan halkaas ayuu la maray. Ninkan Dhaqane ah oo haatan farabaxsiga oo waliba Gobaad oo aan curan leh "car" hadaad kabato oo issaga iyo ragga la mid ka ah ay u yihiin maqaawiir wax baratay hadde maxaad ka filan kolkay irmaanaato oo la labo liso . Quote Share this post Link to post Share on other sites
Daqane Posted May 28, 2013 Delegates from Somalia, The neighboring countries and oversees have gathered in Mogadishu to pave the way for the upcoming Nairobi reconstruction and investment conference and exhibition (SORIC), which will be held in Nairobi, Kenya on 28-29 May 2013 at the Kenyatta International Conference Centre. https://twitter.com/SomaliConf The official conference twitter feed.... Somali @SomaliConf 3h RT @cctvnewsafrica: @Dahabshil Group to invest in #Somalia reconstruction $ 100 million in health sectors #SORIC Somali @SomaliConf 3h @KeEquityBank's agency banking model can be easily rolled out in Somalia and other markets #SORIC ~ Wachira Somali @SomaliConf 4h RT @HMAMattBaugh: #SORIC: impassioned, inspiring words from Mombasa Chamber of Commerce to seize opportunity in #Somalia Somali @SomaliConf 6h Somalia has survived the war, they don't need our sympathy but our investment, our business & cooperation #SORIC ~ Mureu Chamber of Commerce Emily Waita @EmilyWaita 8h Locked out of the world for 21yrs #NowOpen 8million Ha of farmland, 3300 miles coastline & largest no of ports10 mil polpulation @SomaliConf Kenya Tweets @kenya_tweets 8h Fiber optic cables being laid between major cities will revolutionize the way #Somalia does business with the rest of the world #SORIC Quote Share this post Link to post Share on other sites
Daqane Posted May 28, 2013 'Building for the Future' Conference Programme » MONDAY 27TH MAY 2013 19:00 – 21:00 Welcome Cocktail Reception, Registration & Networking The Intercontinental Hotel - Nairobi Sponsored by Athi Steel Plant Ltd DAY 1: TUESDAY 28th MAY 2013 CHAIR: AMB. MOHAMED ABDI AFFEY Venue: Tsavo Ballroom 07.30 – 08.45 Registration & Networking at the Tsavo Ballroom at KICC 09.00 – 10.00 OPENING CEREMONY / KEYNOTE ADDRESS THEME: PROMOTING ECONOMIC GROWTH & INVESTMENT HE Mohamud Ahmed Hassan - Minister of Commerce & Industry, Somalia HE Mohamed Abdullahi Omar – Minister of Foreign Affairs, Somaliland Kenya National Chamber of Commerce & Industry Somali Chamber of Commerce & Industry Case of First Investment Conference in Kenya - CEO Hanvard Africa HE Mohamed Ali Americo - Somali Ambassador to Kenya 10.00 – 10.30 CONSOLIDATING PEACE, STABILITY & SECURITY Key note speech British High Commissioner to Somalia – HM Ambassador Matt Baugh 10.30 – 11.00 REFRESHMENT & NETWORKING BREAK (EXHIBITION FLOOR) Showcase of existing businesses (National/ Regional/ International) 11:00 – 12:30 SESSION 1: BUSINESS OPPORTUNITIES/ OPERATIONAL CHALLENGES. Theme: exploring Business opportunities - Presentation HE Mohamud Ahmed Hassan, Minister of Commerce & Industry Moderator: Hassan Noor CEO Hanvard Africa Speakers: Mr. Alec Davis- CEO Davis & Shirtliff Mr. James Manduku, Chairman – National Construction Authority Mr. James Mureu – KCC&I Case Study: Simatech Plenary Session 1:00 – 2:00 Lunch Break Tin-Tin Restaurant 2.00 – 4:00 SESSION 2 -: BANKING & FINANCE: BANKING & FINANCIAL Theme: Monetary policy, financial sector and use of technology in the sector - HE Mohamed Rashid Dahir, Minister of State for Finance Moderator: Martin Otieno Oduor, Senior Financial Adviser, Deloitte Speakers Mr. Hirsi Dirir – CEO, Dahabshil Bank Mr Adamou Labara – IFC Resident Representative Mr. Awes Sheik – Senior Economic & Financial Adviser Case study: Mr. Julius Kipng’etich – COO, Equity Bank. Plenary Session 4:00 - 5:00 Refreshment & Networking Break at the Exhibition Floor 7:00 GALA DINNER – THE REVOLVING RESTAURANT, 28TH FLOOR KICC Hon. James Swan USA Ambassador to Somalia Deloitte DAY 2 WEDNESDAY 29TH MAY 2013 8:00 – 9:00 Networking at the Tsavo Ballroom at KICC 9.00 – 10:45 SESSION 3 - EXTRACTIVE INDUSTRY, ENERGY & POWER Theme: strategic management of extractives & Power sector – Dr.Abdullahi Haider Senior Extractive Moderator: Yusuf Garaad, Former Head of BBC Somalia Speakers Hon. Najib Balala Cabinet Secretary Ministry of Mining, Kenya – Kenya case study Alternative / renewable energy In Somalia – Mr. Virinder Sharma, DFID CC Advisor Water resource and Solar in Somalia - Eng. Norman Chege, Davis & Shirtliff Independent Power Supplier – Representative SCCI Case study: The case of Hass Petroleum by Mr. Abdihafidh Noor CEO Plenary Session 10:45 - 11:15 Break (Refreshment/ Network) 11:15 - 1:00 SESSION 4 - INFRASTRUCTURE DEVELOPMENT (LOGISTICS & TELECOMMUNICATION) Theme: Rebuilding infrastructure to reduce cost of doing business – HE Eng.Nadifa Mohamed Osman, Deputy Minister Ministry of Public Works, Ports, Marine, Transport & Energy Moderator: Mr. Sanjeev Gandhia CEO – Horn Equitarial Ltd Speakers Dr. Mark A. Smith, Partner Capital Projects – Deloitte Case study: Dr. Mohamuud Jama, Sea Port investment case of Berbera Corridor Mr Abdikhadar Sheik Farah - Liberty Shipping Mr. Sanjeev Gandhia CEO – Horn Equitarial Ltd Case study: Mr Abdirashid Duale CESomtel, investment in Telecom Case study: Mr. Costa Maroulis, Business Development Manager SKA Case Study – PPP investment in ports Plenary Session 1:00 - 2:00 Lunch Break at Tin-tin Restaurant in KICC 2:00 - 3:00 SESSION 5 – AGRI-BUSINESS (LIVESTOCK, CROP & FISHERIES) Theme: Improving productivity and value addition - Director General –Ministry of Natural Resources Somalia Moderator: Sanjeev Gadhia, CEO – Horn Equatorial Ltd Speakers Future of agricultural investment – Dr. Luca Alinovi – OiC FAO Somalia Existing structures Union of Somali Cooperatives - Mr. Hassan M. Said - General Manager Case study: Agricultural investment - Mr. Gilad Millo Head of Business Development, Amiran Case study of livestock investment: Representative from the Somali Chamber of Commerce Plenary Session 3:00 - 3:30 Refreshment & Networking Break at the Exhibition Floor 3:30 - 4:30 SESSION 6 - INVESTING IN THE BASIC SECTOR (WATER & SANITATION, EDUCATION, HEALTH) Theme: Promoting private sector participation in the provision of public good – Somali Chamber of Commerce & Industry Moderator: Abdi Abshir Case study: PPP in the Somali health sector Dr. Mahad M. Hassan Case study: Case of Banadir University Mr. Abdi Jama Gedhi Paul Crooke – Technical Advisor ILO Hanvard Africa Plenary Session 4:45 CLOSING REMARKS – OFFICIAL COMMUNIQUE COFFEE, NETWORKING & INTERVIEWS Quote Share this post Link to post Share on other sites
xiinfaniin Posted May 28, 2013 @8million Ha of farmland, 3300 miles coastline & largest no of ports10 mil polpulation So this is auctioning the Somali resources :D Quote Share this post Link to post Share on other sites
Daqane Posted May 28, 2013 that is a question only worthy of comming out of your mouth loool Quote Share this post Link to post Share on other sites
Baashi Posted May 28, 2013 The idea of investing is good and necessary. But the trouble is the environment is not ready for investment. Quote Share this post Link to post Share on other sites
Daqane Posted May 28, 2013 About the Conference and Exhibition » As Somalia and Somaliland looks to build a secure and prosperous future, the first Somali Reconstruction and Investment Conference and Exhibition (SORIC), will be held in Nairobi, Kenya on 28-29 May 2013 at the Kenyatta International Conference Centre. This ground breaking event will be the first of its kind to bring together key policy makers from the Government of Somalia and Somaliland, top decision makers from international and regional development organizations, and participants from the public and private sector. It is the only event of its kind fully endorsed by the Federal Government of Somalia and supported by the Ministry of Trade, the Somali Chamber of Commerce and Industry, and the Kenya National Chamber of Commerce. A new era has dawned on Somalia and Somaliland and the country is embarking on a dynamic path of political and economic renewal after long-running civil strife and political turmoil. After 22 years of civil war that ravaged the country, peace is finally returning. There are encouraging signs of progress and hope. The Somali government has been recognised by the United States of America, Great Britain, the European Union, Turkey, United Arab Emirates, the African Union, World Bank and IMF. The diaspora is returning home. The federal government and government of Somaliland are cooperating and engaging each other, registration of political parties has started in puntland, and normalcy is finally returning. This change in fortunes calls for a paradigm shift in how investors and the international community approach Somalia and Somaliland. Almost all sectors and industries need rebuilding from scratch, presenting limitless opportunities for genuine and meaningful investment that benefits the Somali people. This is the first private sector led Somali Reconstruction and Investment Conference and Exhibition. As the first of its kind, the conference will provide all participants with unique opportunities- from interactions and networking, to open and frank discussions on engagements, business opportunities and future agreements. The conference will be a complimentary to all efforts aimed at stimulating reconstruction and investment efforts in the country. The thematic content of this summit will include a detailed and carefully designed agenda that will aim at achieving the expectation of the participants in both short and long term goals. Combined with the already modest peace and stability in Somaliland and Puntland, unique opportunities for investments in energy, banking, health, water, food security have opened up as so much of such investments are indeed basic necessities that are urgently needed. For example, Mogadishu city is likely to be populated by 2 million (if not more) civilians by the second quarter of 2013 and yet there is no reliable electricity or clean water. The Objectives of this conference and Exhibition will be: To create an opportunity for increased reconstruction and investment in Somalia and Somaliland, To increase trade and investment flows to the country and various sectors such as agri-business, Social services, logistics, trade, financial services, and tourism To show case reconstruction productions and business in the exhibition. To build regional and international confidence in participating in the reconstruction and investment of the country. To market investment projects and opportunities in Somalia and Somaliland. To present success stories to support a positive perception of Somalia and Somaliland as investment destinations of choice. To present the new and unique modalities in promoting and undertaking reconstruction and investment in Somalia and Somaliland. To shed light on the major positive changes which have taken in the country with regards to the prospects a renewed hope and in terms of business and investment climate and the reforms which have made them possible. To create a better understanding of the appropriate frameworks that can lead to mutually beneficial and fruitful business relations with the Somalia and Somaliland and economic growth To open dialogue between and create a platform of interaction for international, regional and Somali private sector, businessmen and government officials from various countries, regions and international organizations. To address immediate challenges in Somalia and Somaliland and promote related reconstruction and investment opportunities Expected Delegates and Participants: International business leaders with current and potential investment in East Africa Ministers, policymakers, political leaders, senior government officials from Somalia and Somaliland and regional Government, Asia, Europe and beyond Analysts/ economists/ legal experts/ academics/ risk professionals International organizations and multilateral agencies- African Union, DFID, World Bank, IMF, IFC, IGAD, East African Community. Senior representatives from African Investment Promotion Agencies Leading local, regional and international Media Participation and setup: Leading senior Somali government delegation from various important institutions, top and vibrant Somali private companies and actors, reputable- long established and emerging regional and global business managers and decision makers, leaders from national and international organisations will be participating in this conference and banquet. The participants will for the first time have a head-on acquaintance and interaction among one another. Separate thematic presentation and discussions will be arranged. There will also be an opportunity to book specific meetings on a particular business case. The conference and exhibition will take place at the Kenyatta International Conference Centre Nairobi on the 28th & 29th May 2013. This event will provide an unrivalled opportunity for the participants. As the ideal method for uniting senior decision makers and international solution providers, we maintain a high level of selectivity, opening the events to senior level executives only who are individually selected and qualified. This commitment to quality ensures relevant and productive networking leading to real business opportunities for all participants. Quote Share this post Link to post Share on other sites
Daqane Posted May 28, 2013 Baashi;956011 wrote: The idea of investing is good and necessary. But the trouble is the environment is not ready for investment. Oh the enviroment is great apart for malcotents some religious some not so much National Bank eyes regional expansion The National Bank of Kenya will begin expanding to the region next year following rebranding last week and a proposed rights issue to be carried out in the first quarter 2014. The bank’s chief executive officer, Munir Ahmed, said last Friday that the additional capital of Sh10 billion the bank will seek through the rights issue will be used to open operations in Tanzania, South Sudan, Uganda and Somalia. “We have already commenced preliminary surveys of the regional market,, but we see it kicking off in the next 12 months,” said Ahmed. Analysts have termed the bank’s expansion plans, especially in Somalia, as strategic and not ambitious given the country’s return to stability and any key business and trade opportunities that are set to open up. Also, given the current macro-economic stability and rising investor confidence in the country, the plan to raise money through a rights issue will be well received by the market, with the prospects of attracting strategic investors like the World Bank’s investment arm, the International Finance Corporation. “The bank has a forward looking management and we anticipate them to propel the bank to high growth levels,” Ashanti Research analyst Kamanda Morara said on the phone. “The bank’s deposits have also grown so fast and its plan to go into Islamic banking position it very well to take advantage of emerging growth opportunities in the counties and the regional countries.” The bank has unveiled a new logo and adopted yellow colours away from the traditional green in what the management says signals the start of a new way of doing its business. The bank has previously heavily relied on the government for business and retail investors, but is now warming up to corporate investors and small and medium enterprises in a turnaround strategy. It aims to transform itself into one of the top-tier banks in the country in the next five years with its turnover rising to Sh31 billion by 2017 from Sh8 billion in 2012. “Through this transformation strategy, we want to regain NBK’s glory and propel it back to the Top tier banks by growing our balance sheet, expanding our market footprint, managing risks and streamlining costs,” Mr Ahmed said. Quote Share this post Link to post Share on other sites
xiinfaniin Posted May 28, 2013 Fawziya the daughter of Somaliland has delivered Kudos to her Oodweyne would not like this slow dance Quote Share this post Link to post Share on other sites
Daqane Posted May 28, 2013 xiinfaniin;956014 wrote: Fawziya the daughter of Somaliland has delivered Kudos to her doqoonimo oo aan xaad laheyn looool Quote Share this post Link to post Share on other sites
