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Somali Chamber Of Commerce And Industry
The Somali Chamber of Commerce and Industry (SCCI) is a trade organization headquartered in Mogadishu, Somalia. It serves as an umbrella group for the local business community. Membership is also open to international investors. See also *First Somali Bank The First Somali Bank (FSB) is a bank headquartered in Mogadishu, Somalia. Overview FSB was established in May 2012 by Liban Abdi Egal. It is the first commercial bank to open in southern Somalia since 1991. An Islamic financial institution, the ... Notes {{reflist External linksSomali Chamber of Commerce and Industry - Official website Economy of Somalia Companies of Somalia Economy of Mogadishu ...
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Mogadishu
Mogadishu (, also ; so, Muqdisho or ; ar, مقديشو ; it, Mogadiscio ), locally known as Xamar or Hamar, is the capital and List of cities in Somalia by population, most populous city of Somalia. The city has served as an important port connecting traders across the Indian Ocean for millennia, and has an estimated population of 2,388,000 (2021). Mogadishu is located in the coastal Banadir region on the Indian Ocean, which unlike other Somali regions, is considered a municipality rather than a (federal state). Mogadishu has a long history, which ranges from the Ancient history, ancient period up until the present, serving as the capital of the Sultanate of Mogadishu in the 9th-13th century, which for many centuries controlled the Indian Ocean gold trade, and eventually came under the Ajuran Empire in the 13th century which was an important player in the medieval Silk Road maritime trade. Mogadishu enjoyed the height of its prosperity during the 14th and 15th centuries a ...
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Somalia
Somalia, , Osmanya script: 𐒈𐒝𐒑𐒛𐒐𐒘𐒕𐒖; ar, الصومال, aṣ-Ṣūmāl officially the Federal Republic of SomaliaThe ''Federal Republic of Somalia'' is the country's name per Article 1 of thProvisional Constitution, (; ), is a country in the Horn of Africa. The country 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. Its terrain consists mainly of plateaus, plains, and highlands. Hot conditions prevail year-round, with periodic monsoon winds and irregular rainfall. Somalia has an estimated population of around million, of which over 2 million live in the capital and largest city Mogadishu, and has been described as Africa's most culturally homogeneous country. Around 85% of its residents are ethnic Somalis, who have historically inhabited the country's north. Ethnic minorities are ...
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First Somali Bank
The First Somali Bank (FSB) is a bank headquartered in Mogadishu, Somalia. Overview FSB was established in May 2012 by Liban Abdi Egal. It is the first commercial bank to open in southern Somalia since 1991. An Islamic financial institution, the bank offers personal banking, commercial banking, agency banking, mobile banking and internet banking. It also provides money transfer services to clients. In mid-2012, the First Somali Bank organized its first ever Technology, Entertainment, Design (TEDx) conference. The event was launched to showcase improvements in local business, development and security to potential Somali and international investors. Albert Falck was the first CEO of the bank from January 2012 to end of June 2012. He managed the product portfolio creation and launch of the bank. See also *Central Bank of Somalia The Central Bank of Somalia (CBS) ( so, Bankiga Dhexe ee Soomaaliya, ar, البنك المركزي الصومالي) is the monetary authority of ...
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Economy Of Somalia
Somalia is classified by the United Nations as a least developed country, with the majority of its population being dependent on agriculture and livestock for their livelihood. The economy of Somalia is $49.918 billion by gross domestic product as of 2020. For 1994, the CIA estimated it at purchasing power parity to be approximately $30.3 billion. In 2001, it was estimated to be $4.1 billion. By 2009, the CIA estimated that it had grown to $75.731 billion, with a projected real growth rate of 2.6%. In 2014, the International Monetary Fund estimated economic activity to have expanded by 3.7% primarily. This expansion was driven by growth in the primary sector and the secondary sector. According to a 2007 British Chambers of Commerce report, the private sector has experienced growth, 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 ...
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Companies Of Somalia
A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is generating profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duty according to the publicly declared incorporation, or published policy. When a company closes, it may need to be liquidated to avoid further legal obligations. Companies may associate and collectively register themselves as new companies; the resulting entities are often known as corporate groups. Meanings and definitions A company can be defined as an "artificial per ...
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