CONDUCIVE  BUSINESS AND INVESTMENT ENVIRONMENT

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Would you do business and invest in risk and unstable country even if this is your own land and you are a patriot?

You would say, yes. Mogadishu is the best example where bomb-blasts and quick bucks go hand in hand. Kkkkk
This is the field called risk management enterprises where the types of Blackwater Security firm thrives and business predators take advantage of. Certainly selling contraband goods and services worth the risk of getting rich overnight.
One story I had read somewhere still keeps popping up in my mind. During the 2nd World War, Hitler Regime was engaged in the “Final Solution” in which Jews and other vulnerable minorities were targeted. Nazis were harvesting hairs, skin tattoos and gold teeth cappings from the exterminated. When that was happening in Hitler Europe, some American businessmen got together then to discuss the possibility of providing know-how and equipment to Hitler to do a better job in that regard. It is obvious that some businessmen are so immoral and risk their lives to do anything that brings them huge profit margins like those in Mogadishu.
In the case of Puntland, the commercial cities of Bosaso and Galkayo are economically depressed because of worsening security situation and risk business environment. Unless that urgent issue is quickly addressed, Puntland economy is up for collapse.
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About the blogger: This blog is associated with the former Chief of Staff in Puntland State Presidency, 1998-2004. He also worked with the UN and World Bank Joint Secretariat for Somalia’s Re-construction and Development Program (RDP), 2005-2006, as a Zonal Technical Coordinator for Puntland and later as National Aid Technical Coordinator with the Transitional Federal Government of Somalia and European Union. He is now an independent political analyst and commentator on current issues and occasionally gives historical perspective on modern Somalia’s politics. He lives and works in Toronto, Canada. He can be reached at: ismailwarsame@gmail.com

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