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Kenyan companies to invade somalia



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View of the Second Street of Bakaro Market, in Mogadishu (Courtesy). Kenyan companies sets eyes on Somalia.

NAIROBI—As the economy recovers, Kenyan companies sets eyes on Somalia.
Though associated with insecurity for years, recent developments there are making it an attractive investment option.
In fact, in the past year, Somalia was the only neighbouring trade partner that registered strong growth in export volumes with Kenya.
With exports worth over Sh10 billion, it is the third-largest destination for Kenyan goods.
Among factors that make business sense to set up shop in Somalia is strong political leadership, headed by Federal President Mohamed Abdullahi “Farmajo” Mohamed, who came into office in a peaceful transfer of power.
Also noteworthy is that almost a quarter of the elected Members of Parliament are women — proof of gender parity, hence fairness.
The Mogadishu government is making strides towards sustainable stability. Besides joining anti-piracy efforts and holding security conferences, it now controls its airspace, which was under the United Nations since 1992.
The African Union is preparing to leave the country — a testament of an improved security situation.


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