Category: Investment

Somaliland: Ethiopia Acquires 19% Stake in DP World Berbera Port

Posted on by admin

Somalilandsun-DP World, the United Arab Emirates-based maritime conglomerate, has announced that Ethiopia will become a shareholder of the Port of Berbera in Somaliland, a crucial site for Middle Eastern trade, strategically located along the oil route.

This announcement follows an agreement that was signed by DP World and the Somaliland Port Authority in Dubai on March 1, 2018.

DP World will hold a 51% stake in the project, Somaliland 30% and Ethiopia the remaining 19%.

The government of Ethiopia will also invest in infrastructure to develop the Berbera Corridor as a trade gateway for the inland country of Somaliland, which is one of the fastest growing nations in the world.

read more

Somaliland: “Though Investment is Risky Business my Country Assures Returns” says SLCCIA

Posted on by admin

Chairman of the Somaliland Chamber of Commerce Mohamed Shukri Jama address to the UK SL investment Conference

Somalilandsun — while investment opportunities in the developed countries are few and returns are small, we want to welcome you to Somaliland, a place with a growing economy, lot of investment opportunities and greater returns.
This was stated by the Chairman of the Somaliland Chamber of Commerce, Industry & Agriculture- SLCCIA Mohamed Shukri Jama during his address to the UK SL investment Conference held in London on the 14th October 2014
Below are the full excerpts of the address

The President of Republic of Somaliland, Ahmed Mohamed Mohamoud (Siilaanyo), The UK and Somaliland Ministers, Parliamentarians of countries, the business community and other dignitaries present.

read more