Business & Investment

Somaliland became an independent, sovereign state on 26 June 1960 – an achievement acknowledged by all five permanent members of the United Nations Security Council and many other governments.

Five days after independence, Somaliland united with Somalia with the aim of creating a “Greater Somalia,” bringing together all people of ethnic Somali origin in five countries in the Horn of Africa. Almost immediately, Somalilanders were excluded from decision making and representative governance in the new Somali Republic, and their disenchantment continued throughout the early years of the union as political and economic isolation grew.

After assuming power in a military coup in October 1969, Mohamed Siad Barre’s regime eventually became a military dictatorship marked by widespread human rights abuses. The growing discontent with and oppression by Barre’s leadership led to extensive opposition in Somaliland, to which the Barre regime responded with a brutal campaign that killed an estimated 50,000 Somaliland civilians and displaced an estimated 500,000 people as refugees to neighboring countries and beyond.

Following the collapse of the Somali state in 1991, Somaliland withdrew from the union it had voluntarily entered in 1960, whereupon the territory of the State of Somaliland (based on the borders of the former British Somaliland Protectorate) became the Republic of Somaliland.

Please visit the below links for more information:

https://www.somalilandtrade.net/trade-investment/

https://www.somalilandtrade.net/somaliland/investment-priority-sectors/