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  • The Ethiopian Cable 30
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  • The Somali Wire 294
  • The Ethiopian Cable 30
  • The Horn Edition 31
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  • Published March 4, 2022

    Across the Horn of Africa and beyond, Somalis are redefining economic resilience. Without state subsidies or robust institutional support, Somali entrepreneurs have built thriving enterprises, powering regional growth and lifting millions from poverty. In Somaliland and Somalia, the private sector accounts for the vast majority of GDP, while Somali-owned businesses are making significant inroads into East and Southern Africa. From multi-million-dollar property investments in Kampala to cross-border trade in Kenya, Somalia’s “nation of shopkeepers” ethos has created a transnational economic network. Rooted in a tradition of trade, migration, and adaptability, Somali business success stems from trust-based networks, resource pooling, and a focus on ethical commerce. This collectivist model lowers costs, fosters innovation, and transcends clan divisions. Somali companies are now key players in petroleum, agriculture, retail, and telecommunications, often engaging in corporate social responsibility initiatives that benefit communities.

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