List of companies of Somalia

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Location of Somalia

Somalia is a country located in the Horn of Africa. It has maintained a healthy informal economy, based mainly on livestock, remittance/money transfer companies and telecommunications.[1][2] Due to a dearth of formal government statistics and the recent civil war, it is difficult to gauge the size or growth of the economy. For 1994, the CIA estimated the GDP at $3.3 billion.[3] In 2001, it was estimated to be $4.1 billion.[4] By 2009, the CIA estimated that the GDP had grown to $5.731 billion, with a projected real growth rate of 2.6%.[1] According to a 2007 British Chambers of Commerce report, the private sector also grew, particularly in the service sector. Unlike the pre-civil war period when most services and the industrial sector were government-run, there has been substantial, albeit unmeasured, private investment in commercial activities; this has been largely financed by the Somali diaspora, and includes trade and marketing, money transfer services, transportation, communications, fishery equipment, airlines, telecommunications, education, health, construction and hotels.[5] Libertarian economist Peter Leeson attributes this increased economic activity to the Somali customary law (referred to as Xeer), which he suggests provides a stable environment to conduct business in.[6]

Notable firms[edit]

This list includes notable companies with primary headquarters located in the country. The industry and sector follow the Industry Classification Benchmark taxonomy. Organizations which have ceased operations are included and noted as defunct.

Notable companies
     Active      State-owned      Defunct
Name Industry Sector Headquarters Founded Notes
Air Somalia Consumer services Airlines Mogadishu 2001 Private airline
Bank of Somaliland Financials Banks Hargeisa 1994 Central bank
Bosaso Tannery Industrials Diversified industrials Bosaso ? Tannery
Central Bank of Somalia Financials Banks Mogadishu 1950 Central bank
Eastern Television Network Consumer services Broadcasting & entertainment Bosaso 2005 Television
First Somali Bank Financials Banks Mogadishu 2012 Commercial bank
Garowe Online Consumer services Broadcasting & entertainment Garoowe 2004 News agency
Golis Telecom Somalia Telecommunications Fixed line telecommunications Bosaso 2002 Telecommunications
Hafun Fishing Company Consumer goods Farming & fishing Bosaso 1992 Fishing and real estate
Hargeisa Taxi Consumer services Travel & tourism Hargeisa 2012 Taxi company
Hormuud Telecom Telecommunications Mobile telecommunications Mogadishu 2002 Mobile network
Horn Cable Television Consumer services Broadcasting & entertainment Hargeisa 2003 Television
Horseed Media Consumer services Broadcasting & entertainment Bosaso 2002 News organization
Horyaal Industrials Business support services Bosaso 2008 Design and architecture
International Bank of Somalia Financials Banks Mogadishu 2014 Commercial bank
Islamic Insurance Company Financials Full line insurance Mogadishu 2014 Private insurance
KAAH Electric Utilities Conventional electricity Hargeisa 1997 Private power company
LaasqorayNET Consumer services Broadcasting & entertainment Las Khorey 2003 Media outlet
NationLink Telecom Telecommunications Fixed line telecommunications Mogadishu[7] 1997 Telecommunications, ISP
Netco Telecommunications Fixed line telecommunications Bosaso 1993 Telecommunications, part of Somali Telecom Group
Puntland Post Consumer services Publishing Garoowe 2001 News organization
Radio Gaalkacyo Consumer services Broadcasting & entertainment Galkayo 1993 Radio station
Radio Mogadishu Consumer services Broadcasting & entertainment Mogadishu 1943 State radio
Raho City Taxi Consumer services Travel & tourism Hargeisa 2012 Taxi company
Salaam Bank Financials Banks Bosaso 2011 Commercial bank
Salaam Somali Bank Financials Banks Mogadishu 2009 Commercial bank
Shabelle Media Network Consumer services Publishing Mogadishu 2002 News organization
Somafone Telecommunications Fixed line telecommunications Mogadishu 2003 Telecommunications
Somali Airlines Consumer services Airlines Mogadishu 1964 Airline, defunct 1991
Somali Broadcasting Corporation Consumer services Broadcasting & entertainment Bosaso 2001 Broadcaster
Somali Energy Company Utilities Conventional electricity Mogadishu ? Power company
Somali National Television (SNTV) Consumer services Broadcasting & entertainment Mogadishu 1983 Television
Somalia Petroleum Corporation Oil & gas Exploration & production Mogadishu 2007 Oil and gas exploration
Somtel Telecommunications Fixed line telecommunications Hargeisa 1993 Telecommunications
Telcom Telecommunications Fixed line telecommunications Mogadishu 1997 Telecommunications
Telesom Telecommunications Fixed line telecommunications Hargeisa 2002 Telecommunications
Trans-National Industrial Electricity and Gas Company Utilities Conventional electricity Mogadishu 2010 Power company

See also[edit]

References[edit]

  1. ^ a b "Somalia". The World Factbook. Langley, Virginia: Central Intelligence Agency.
  2. ^ "Central Bank of Somalia – Economy and Finance". Somalbanca.org. Archived from the original on 24 January 2009. Retrieved 30 December 2010.
  3. ^ "CIA World Factbook: Somalia (1995)". Permanent.access.gpo.gov. Archived from the original on 11 May 2011. Retrieved 27 June 2010.
  4. ^ "CIA World Factbook: Somalia (2003)". Bartleby.com. Retrieved 27 June 2010.
  5. ^ British Chambers of Commerce (2007). The British Chambers of Commerce Guide to African Markets. Ten Alps Publishing.
  6. ^ "Better Off Stateless: Somalia Before and After Government Collapse" (PDF). Retrieved 27 June 2010.
  7. ^ https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapid=54104424