In the event anyone concentrates Somali news headlines regardless any part of the world, you will come to notice that Somalia is recovering gradually from anarchy in place over 20 years, as security has improved beyond any imagination by the will of Somali people, their leadership and with friendly cooperation of Somalia neighbors countries under the mandate of AMISOM.. As a result of security improvement, situation has influenced thousands of Somalia Diasporas to return home and Somalia capital Mogadishu experiencing its heaviest construction boom. Mogadishu’s once bustling central business district, which was left in ruins for years, is once again on the rise. The economic revival is already attracting Somali professionals, who have returned after years working and living abroad. Somalia’s capital Mogadishu is emerging as the newest business destination in east Africa. New businesses have sprung up in 2012 as investors’ confidence in the country improves. Some business people argue that Somalia’s 20 years of turmoil are coming to an end, opening up endless opportunities.
Mogadishu which was once considered world’s most dangerous city at present recognized as east Africa’s newest business destinations as a result of peace and stability. After almost 20 years, tens of diplomatic missions have office embassies in the Somali capital. Almost 90 % of Somali territory has been free from Al-Qaeda-allied insurgents groups as they abandoned almost everywhere as a consequence of the Somali army forces in collaboration with AMISOM. The Somali Diaspora community has also begun coming back home to rebuild the country. In May this year, First Somali Bank (FSB), a commercial bank championed by the Diasporas community, opened its first branch in Mogadishu. The bank estimates remittances to Somalia to be around US$2 billion every year.“If you go to Somalia you will be surprised by the kind of construction going on in Mogadishu. The sound of bullets that was once so common in the Somali capital of Mogadishu has been replaced by the noise of construction. New buildings and business are emerging from the carnage and lawlessness that pervaded the east African country for more than two decades. This business boom has created thousands of the jobs in the market. Considering the level of progress, it is certain that, the Somalia capital will replace Eastleigh and will become the commercial hub of east Africa. There is not a doubt that the Somali people are enterprising.
In Mogadishu, we are optimistic that Somalia could develop faster than other markets in the continent “If Somalis can replicate what they have done in Eastleigh, imagine the impact it would have. They will create numerous jobs and build the economy. Improved security in Somalia’s capital, Mogadishu, has boosted the local economy. The return of many people from the Somali diasporas, in conjunction with further improvements to Mogadishu’s security situation, has resulted in a minor economic boom, including a surge in rental prices in certain areas. Many long-abandoned seafront villas are being rebuilt as part of a construction boom that has seen rents triple in recent months in the city’s prime locations. A new higher education facility, Somali International University, opened in Mogadishu on January 7th and a new Japanese-financed immigration building at the city’s international airport was officially handed over to local authorities on January 14th, a few days after a new artificial pitch was laid at the national football stadium. A further indication of the improved economic situation came in early January when First Somali Bank, a commercial operation that opened for business in Mogadishu in 2012, introduced a debit card, Camelcash. The bank is “branchless “deposits, transfers and withdrawals are made through agents using point-of-sale handsets that use a mobile-phone network—and Camelcash users are identified by their fingerprints. Telecommunications is also booming. Hormuud Telecom Somalia, one of several companies serving Mogadishu, introduced its third-generation (3G) mobile network service, the first in the capital, at the end of December, promising that the network would be available in other major southern cities within a year. Hormuud’s marketing director, Abdihakim Hassan Idow, said on January 7th that over 150,000 customers had signed up for the 3G service. Hormuud also offers a system whereby money can be sent and received via its mobile-phone network.The local economy’s rapid growth is likely to continue and a re-engagement with international financial institutions can be expected during the forecast period. Somalia’s capital Mogadishu now has its first-ever ATM bank machine — and it dispenses U.S. dollars. The machine was installed in late September in a place which is located 300 meters from the international airport.
A Somali bank installed the country’s first Automated Teller Machine in the capital city of Mogadishu, a move seen by many as a “big step forward” for the country, the report said the machine was installed by Salaam Somali bank and, although the country’s main currency is the shilling, the machine will dispense the popular U.S. dollar. ATMs have long been ubiquitous in major cities around the world. Time magazine reported that the first teller machine was pitched by inventor John Shepherd-Barron to Barclays bank and the first machine was installed in 1967. The report points out that, like most inventions, Barron’s claim is a matter of dispute. But Barron, who died in 2010 at the age of 84, told The Telegraph that he came up with the idea lying in his bath tub after returning home from a trip to the bank because it was closed.
Somalia daily show and capture offering new unique window business opportunities. The public sector is also improved beyond any imagination since the current president has sheikh Mohamoud came in office in office in 2012 and Somalia is much different than the Somalia of two years ago. all the progress mentioned in the above will not take place had there is no effective government. All the international community regardless any part of the world acknowledged the fast progress attained by this government in less than three years in office. Speaking at the High-Level Meeting on Somalia, held on the margins of the General Assembly debate in New York, the Secretary-General voiced optimism that the country was on track to achieving political and national stability through the Somali Federal Government’s Vision 2016” plan for a political transformation. There is no time to lose if elections are to take place in 2016, Mr. Ban declared. “I urge all Somalia’s political institutions to keep this process on track.
Speaking at the High-Level Meeting on Somalia, held on the margins of the General Assembly debate in New York, the Secretary-General voiced optimism that the country was on track to achieving political and national stability through the Somali Federal Government’s Vision 2016” plan for a political transformation. There is no time to lose if elections are to take place in 2016, Mr. Ban declared. “I urge all Somalia’s political institutions to keep this process on track by purpose denied to report the unquestionable progress achieved in Somalia then, there is Speaking at the High-Level Meeting on Somalia, held on the margins of the General Assembly debate in New York, the Secretary-General voiced optimism that the country was on track to achieving political and national stability through the Somali Federal Government’s Vision 2016” plan for a political transformation. There is no time to lose if elections are to take place in 2016, Mr. Ban declared. “I urge all Somalia’s political institutions to keep this process on track. As Jarat Chopra has failed to report the vast progress Somalia attained in two years than, it is certain that he has a shared interest with Al-Qaida affiliated group (Alshabab) to destabilize Somalia although that mission failed to accomplish in view of the efforts among sectors of Somalia society public and private. Pricy which was daily news for us few years ago is now day something in history. Zoom up Jarat Chopra has to look an alternative work other than Destabilizing Somalia since that mission has been identified by all Somali people . In conclusion, what Chopra is not aware is that lies can only survives a short time and lie is an intentionally false statement to a person or group made by another person or group to harm another person or a group.
Ismail Yusuf.
