1. SOMALIA BY:-PAVAN KUMAR AMRUTHA KS GEOFFREY CHHAVI NARAYAN

2. History of Somalia About Somalia Geography Place to visit Political Environment Legal system Economy Challenges for Somalias economic reconstruction Interesting facts about Somalia Business culture Taxation Industrial sector Somalia Chamber Of Commerce And Industry Opportunity in Somalia Starting A Business In Somalia Investment incentives Competitive Analysis CONTENTS 3. Britain ,Italy and France claimed their own power. In 1960 gained independence Coup detat took place Mohamed sail barre became president. White clif group formed ICU and ARPCT HISTORY OF SOMALIA 4. Location: Horn of Africa Capital : Mogadishu Population: 10 Million Language : Somali, Arabic ,Italy and English Major religion: Islam Unemployment rate : 67% Life expectancy: 50 years (men) and 53 years ( woman) ABOUT SOMALIA 5. Location :-Eastern Africa ,burdening the gulf of Aden, Indian ocean and East of Ethiopia Total Area :-637657 Sq. km Land :- 627337 sq. km Water:- 10320 sq. km o Land boundaries :- 2,340 km Border countries :- Djibouti 58 km, Ethiopia 1,600 km, Kenya 682 km GEOGRAPHY 6. Population growth rate:-3.38% (2010 est.) Birth rate:45.62 births/1,000 population Death rate:16.97 deaths/1,000 population 7. Natural resources :- uranium, iron ore, tin, gypsum, copper and salt . Natural hazards :- droughts and dust storms. Environment (current issues) :- deforestation; overgrazing, soil erosion, desertification. CONT. 8. Place to visit. CENTRAL MOSQUE MOGODISHU BEACH FORTS OF MAJEERTEEN SULTANATE 9. Video Places to visit 10. Government Type:-Federal parliamentary republic Present president:-Hassan Sheikh Mohammad Independence:-1st July 1960 Constitution:- Lasted Drafted: 12th June 2012 Approved : 1st Aug 2012 Suffrage:- 18 years of age Flag description: Political Environment 11. Four distinct legal traditions :- English common law Italian law Islamic sharia Somali customary law Reformed legal system :- A uniform penal code Code of criminal court procedures From 1973 till day :- Unified civil code Legal system 12. Informal economy system Based on: livestock Telecommunication firm Money transfer companies GDP (PPP)- $5.896 Million (2010) GDP(Official exchange rate )-$2.372 billion GDP(Real growth rate)-2.6%(2010) GDP(Per Capita )- $600 GDP Composition by sector : Agriculture-72.6% Industry -7.2 Service-33.5% ECONOMY 13. Industry :- Sugar refining ,textiles, wireless, communication. Export :- Bananas ,charcoal ,hides and livestock Export partner :- Yemen:-18.1% UAE:- 51.7% Oman:-13% Cont. 14. Import :- Foodstuff, manufactures ,petroleum, construction material . Import partner :- India:- 13.2% Pakistan:-6.4% China:-6.7% Djibouti:27.3% CONT. 15. INFLATION RATE IN 2012 16. Video 17. Certification Trade difficulties Currency reform Social engagement Challenges for Somalias economic reconstruction 18. Somalia is one of those few African nations with the lowest HIV infection rates First African nation that was used for flying warplanes by the British One of the most advanced telecommunications system in Africa. Only Islamic country in the world that boasts of a 100% concentration of Sunni Muslims. The internet connectivity in Somalia is the fastest in the whole world. Somalia has the largest refugee camp in the world. INTERESTING FACTS ABOUT SOMALIA 19. Accepted public behaviour:- Always be courteous . Remove shoes whenever enters a building . Business attire MEN Wear casual dresses . Wear dress shoes . Leave their shirts always un-tucked BUSINESS CULTURE 20. Women Should wear conservative cloth Must wear headscarf all the time Wear flat shoes Meeting Normal business day start from 7 a.m. to 7 p.m. Meeting start within 30 min of schedule People prefer not to schedule meeting on Friday CONT. 21. Dinner etiquette Don't offer anything with other people with left hand . Sharing a meal and eating in same plate is best way to know each other . Dont start eating before other if invited . CONT. 22. Direct taxes :-Imposed on income and profit Indirect taxes :- Imposed on imports, exports, mortgages, vehicle registration, sugar, alcohol, and goods. TAXATION 23. Telecommunication industry :- Golis telecom Somalia, Netco , Somafone , Telcom Mineral Industry :- Gemstone and salt Manufacturing Industry :- Fish canning ,meat processing plants and Coca-Cola bottling plant operation in Mogadishu Airlines Industry :- 12 private airlines firms. INDUSTRIAL SECTOR 24. Its under enactment of Law No. 38 that was issued on 30th July, 1970. Aims at developing a favourable investment climate in Somalia. Important services are :- Business documentation services Research and Publications Business Development and Promotion Somalia Chamber Of Commerce And Industry 25. Inflation Exchange rate (1 USD=1,198.98 SOS) Local grain price trends Livestock price trends were mixed in Somalia Market Data Update : march 2013 26. Sophisticated telecommunications network. Untapped locally available resources . Money transfer . Real estate . The electricity grid in Somaliland . OPPORTUNITIES IN SOMALIA 27. Ample information about the cultural, political and economic conditions of the country. Should also understand the factors that affect the economy of Somalia . Customer behaviour and preferences of Somali people must be known. Always follow the official norms. Contacts Embassy of Somalia and the Chamber of Starting A Business In Somalia 28. No tax for three years. Full compensation for any expropriations. INVESTMENT INCENTIVES 29. Economic risk:- Poorest country in the world 40% Extreme below poverty line Political and legal factor:- Unstable government The Most riskiest & corrupt country in the world Natural risk:- Recurring droughts and dust storm 2nd most drought prone area BUSINESS RISK IN SOMALIA 30. Global Competitiveness Index :- Somalia is not in the list. Business Competitiveness Index Somalia is not in the list Competitive Analysis 31. A Ray of hope