Somaliland

Somaliland, an unrecognized country in the Horn of Africa, has built a growing and resilient economy over the past three decades. Much of this progress is the result of the private sector, which accounts for 90 percent of the economy. However, the sector is narrowly based and faces many Constraints. This publication outlines a comprehensive strategy to develop Somaliland's private sector to encourage sustained economic growth and economic transformation It Identifies the key constraints to private sector development and proposes measures to effectively address them. It also notes emerging investment opportunities and recommends measures to support interested investors and strengthen public-private collaboration. Opportunities abound in Somaliland, from the recently modernized Berbera Port and associated facilities, including Berbera airport which has one of the longest runway in Africa, to the significant fishery potential along the country's long coastline, and considerable but as of yet undeveloped mineral and hydrocarbon resources, The proposed strategy can serve as an example for other fragile post-conflict economies as well as other similar and similarly placed developing countries aiming to climb the development ladder through development of their private sectors.