List of companies of Somalia

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Location of Somalia

Somalia is a country located in the Horn of Africa. It is bordered by Ethiopia to the west, Djibouti to the northwest, the Gulf of Aden to the north, the Indian Ocean to the east, and Kenya to the southwest. Somalia has the longest coastline on Africa's mainland,[1] and its terrain consists mainly of plateaus, plains and highlands.[2]

Somalia has maintained a healthy informal economy, based mainly on livestock, remittance/money transfer companies and telecommunications.[2][3] 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.[4] In 2001, it was estimated to be $4.1 billion.[5] By 2009, the CIA estimated that the GDP had grown to $5.731 billion, with a projected real growth rate of 2.6%.[2] 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.[6] 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.[7]

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.

     Active firms
     State-owned firms
     Defunct firms

Name Industry Sector Headquarters Founded Notes
Air Somalia Consumer services Travel & leisure airline
Al-Barakat Financials Financial services financial services
Amal Express Financials Financial services financial services
Bank of Somaliland Financials Banks central bank
Bosaso Tannery Industrials General industries tannery
Central Bank of Somalia Financials Banks central bank
Daallo Airlines Consumer services Travel & leisure airline
Dahabshiil Financials Financial services financial services
Eastern Television Network Consumer services Media television
First Somali Bank Financials Banks commercial bank
Garowe Online Consumer services Media news agency
Golis Telecom Somalia Telecommunications Telecommunications telecommunications
Hafun Fishing Company Consumer goods Food & beverage fishing and real estate
Hargeisa Taxi Consumer services Travel & leisure taxi company
Hormuud Telecom Telecommunications Telecommunications telecommunications
Horn Cable Television Consumer services Media television
Horseed Media Consumer services Media news organization
Horyaal Industrials Support services Bosaso 2009 Design and architecture
International Bank of Somalia Financials Banks commercial bank
Islamic Insurance Company Financials Insurance insurance
Jubba Airways Consumer services Travel & leisure airline
KAAH Electric Utilities Electricity power company
LaasqorayNET Consumer services Media media outlet
NationLink Telecom Telecommunications Telecommunications telecommunications
Netco Utilities Electricity power company
Netco Telecommunications Telecommunications telecommunications
Puntland Post Consumer services Media news organization
Radio Gaalkacyo Consumer services Media radio station
Radio Mogadishu Consumer services Media radio
Raho City Taxi Consumer services Travel & leisure taxi company
Salaam Bank Financials Banks commercial bank
Salaam Somali Bank Financials Banks commercial bank
Shabelle Media Network Consumer services Media news organization
Somafone Telecommunications Telecommunications telecommunications
Somali Airlines Consumer services Travel & leisure airline
Somali Broadcasting Corporation Consumer services Media media group
Somali Chamber of Commerce and Industry Financials Financial services trade organization
Somali Energy Company Utilities Electricity power company
Somali National Television (SNTV) Consumer services Media television
Somali Telecom Group Telecommunications Telecommunications telecommunications
Somalia Petroleum Corporation Oil & gas Oil & gas producers oil and gas exploration
Somtel Telecommunications Telecommunications telecommunications
Telcom Telecommunications Telecommunications telecommunications
Telesom Telecommunications Telecommunications telecommunications
Trans-National Industrial Electricity and Gas Company Utilities Electricity power company
Universal Television, Somalia Consumer services Media television

See also[edit]

References[edit]

  1. ^ "Coastline". World Factbook. Central Intelligence Agency. Retrieved 3 August 2013. 
  2. ^ a b c "Somalia". The World Factbook. Langley, Virginia: Central Intelligence Agency. 
  3. ^ "Central Bank of Somalia – Economy and Finance". Somalbanca.org. Archived from the original on 24 January 2009. Retrieved 30 December 2010. 
  4. ^ "CIA World Factbook: Somalia (1995)". Permanent.access.gpo.gov. Retrieved 27 June 2010. 
  5. ^ "CIA World Factbook: Somalia (2003)". Bartleby.com. Retrieved 27 June 2010. 
  6. ^ British Chambers of Commerce (2007). The British Chambers of Commerce Guide to African Markets. Ten Alps Publishing. 
  7. ^ "Better Off Stateless: Somalia Before and After Government Collapse" (PDF). Retrieved 27 June 2010.