Somaliland Budget Growth Statistics

[Abu-Salman]

Analysis of Macro-Economic Situation in Somaliland

 

Somaliland Statistical Bulletin

 

 

Interestingly, there were some notable successes throughout Somalia as illustrated by the manufacturing sector rapid expansion in the past (sadly stopped by the liberation War effort against Ethiopia):

 

"Exports of manufactured goods were negligible when the 1969 coup occurred; by the mid-1970s, manufactured goods constituted 20 percent of total exports. ("Somalia, a country study"; Federal Research Division)".

Actually, Somalia as a whole has economic output comparable to that of regional economies, even surpassing them by miles in key sectors such as Telecoms (but also in remittances, livestock export recently resumed, trading etc).

 

This clearly illustrates the potential for rapid growth in canned meat, fish processing, hides and other forms of small-scale manufacturing alongside the renewal of the Berbera cement complex and other basic industries in high demand or with locally strong natural advantages.

[Abu-Salman]

East Africa : new oil and gas province

(translated from french Treasury: tresor.economie.gouv.fr)

 

A new oil and gas province is emerging East Africa and the Mozambique Channel . According to industry majors , the potential of the region is considerable. In 2012, four of the five major gas discoveries in the world were made in Mozambique , nicknamed "Little Qatar " by the oil companies. Tanzania has confirmed at least 30 TCF [1] gas and could make other discoveries which would make another important global actor. A gas pool is drawn between these two countries.

 

In terms of oil, the challenge is the opening up of deposits. Regional geopolitics will be inevitable and will probably play a role as a platform in Kenya: Uganda prepares the exploitation of vast oil reserves in the Lake Albert provided to solve the question of the evacuation. South Sudan is seeking a new path to export its oil. In Kenya, encouraging signs confirm the presence of a deposit of crude near Lake Turkana , other reserves are likely in offshore where drilling is underway. Ethiopia also wants to get into the game and launch surveys . Finally , Somalia encourages companies to explore return on the basis of promising evidence .[...]

 

 Somalia: exploration interrupted in 1991 by the outbreak of civil war should gradually resume.

 

- In October 2012, the government of Somaliland has called companies to which blocks were attributed before 1991, BP, Chevron, Royal Dutch Shell, to negotiate return to resume their activities. Geological layers are comparable to those of Yemen, and the first surveys give hope large reserves of crude oil and gas, "potentially the most important in the region," according to Genel Energy (Anglo-Turkish) group. Ophir (England) launched a survey in the area of ​​Berbera and other companies.

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How is the per capita of SL 750-1500 when there is a draught in major rula areas and many people investing their money in other profitable areas of somalia.