![]() | It has been suggested that this article be split out into a new article titled List of companies of Somaliland . (Discuss) (March 2022) |
Somalia is a country located in the Horn of Africa. It has maintained a healthy informal economy, based mainly on livestock, remittance/Wire transfer money transfer companies and telecommunication With around 12.43 billion dollars GDP and total factory company revenue of Somalia and Somaliland around 20-38 Billion dollars. Somaliland with recognition bid and Meet Montevideo convention is likely to have recognition towards higher levels in the coming years with GDP around 8 billion that totals Somalia and Somaliland GDP to around 24 billion Dollars, Somaliland has new refinery planned in Berbera regions of 30,000bpd capacity by Singapore new silk Somaliland energy company. New Berbera data centre by wingu Africa that serves Ethiopia and Djibouti regions with a projected real growth rate of 3.6%. [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.
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.
Name | Industry | Sector | Headquarters | Founded | Notes | Status | |
---|---|---|---|---|---|---|---|
Air Somalia | Consumer services | Airlines | Mogadishu | 2001 | Private airline | P | A |
Bank of Somaliland | Financials | Banks | Hargeisa | 1994 | Central bank | S | A |
Bosaso Tannery | Industrials | Diversified industrials | Bosaso | ? | Tannery | P | A |
Central Bank of Somalia | Financials | Banks | Mogadishu | 1950 | Central bank | S | A |
Eastern Television Network | Consumer services | Broadcasting & entertainment | Bosaso | 2005 | Television | P | A |
First Somali Bank | Financials | Banks | Mogadishu | 2012 | Commercial bank | P | A |
Golis Telecom Somalia | Telecommunications | Fixed line telecommunications | Bosaso | 2002 | Telecommunications | P | A |
Hafun Fishing Company | Consumer goods | Farming & fishing | Bosaso | 1992 | Fishing and real estate | P | A |
Hargeisa Taxi | Consumer services | Travel & tourism | Hargeisa | 2012 | Taxi company | P | A |
Hormuud Telecom | Telecommunications | Fixed, Voice And Data | Mogadishu | 2002 | Mobile network | P | A |
Horn Cable Television | Consumer services | Broadcasting & entertainment | Hargeisa | 2003 | Television | P | A |
Horyaal | Industrials | Business support services | Bosaso | 2008 | Design and architecture | P | A |
International Bank of Somalia | Financials | Banks | Mogadishu | 2014 | Commercial bank | P | A |
Islamic Insurance Company | Financials | Full line insurance | Mogadishu | 2014 | Private insurance | P | A |
KAAH Electric | Utilities | Conventional electricity | Hargeisa | 1997 | Private power company | P | A |
NationLink Telecom | Telecommunications | Fixed line telecommunications | Mogadishu [2] | 1997 | Telecommunications, ISP | P | A |
Netco | Telecommunications | Fixed line telecommunications | Bosaso | 1993 | Telecommunications, part of Somali Telecom Group | P | A |
Puntland Post | Consumer services | Publishing | Garoowe | 2001 | News organization | P | A |
Puntland TV and Radio (PLTV) | Consumer services | Broadcasting & entertainment | Garowe | 2013 | Television | S | A |
Radio Gaalkacyo | Consumer services | Broadcasting & entertainment | Galkayo | 1993 | Radio station | P | A |
Radio Mogadishu | Consumer services | Broadcasting & entertainment | Mogadishu | 1943 | State radio | S | A |
Salaam Bank | Financials | Banks | Bosaso | 2011 | Commercial bank | P | A |
Salaam Somali Bank | Financials | Banks | Mogadishu | 2009 | Commercial bank | P | A |
Shabelle Media Network | Consumer services | Publishing | Mogadishu | 2002 | News organization | P | A |
Somafone | Telecommunications | Fixed line telecommunications | Mogadishu | 2003 | Telecommunications | P | A |
Somali Airlines | Consumer services | Airlines | Mogadishu | 1964 | Airline, defunct 1991 | P | D |
Somali Broadcasting Corporation | Consumer services | Broadcasting & entertainment | Bosaso | 2001 | Broadcaster | P | A |
Somali Energy Company | Utilities | Conventional electricity | Mogadishu | ? | Power company | P | A |
Somali National Television (SNTV) | Consumer services | Broadcasting & entertainment | Mogadishu | 1983 | Television | S | A |
Somaliland Beverage Industries | Industrials | Beverages | Hargeisa | 2010 | Fizzy drinks, Mineral water and Dairy | P | A |
Somaliland National TV (SLNTV) | Consumer services | Broadcasting & entertainment | Hargeisa | 2004 | Television | S | A |
Somalia Petroleum Corporation | Oil & gas | Exploration & production | Mogadishu | 2007 | Oil and gas exploration | S | A |
Somali Postal Service | Industrials | Delivery services | Mogadishu | 1991 | Postal services | S | A |
SomCable | Telecommunications | Internet Service Provider | Hargeisa | 2010 | Telecommunications | P | A |
Sompower | Utilities | Conventional electricity | Hargeisa | 2016 | Power company | P | A |
Somtel | Telecommunications | Fixed line telecommunications | Hargeisa | 1993 | Telecommunications | P | A |
Telcom | Telecommunications | Fixed line telecommunications | Mogadishu | 1997 | Telecommunications | P | A |
Telesom | Telecommunications | Fixed line telecommunications | Hargeisa | 2002 | Telecommunications | P | A |
Trans-National Industrial Electricity and Gas Company | Utilities | Conventional electricity | Mogadishu | 2010 | Power company | P | A |