Somali Investment Survey Report
Political Conflict

Somali Diaspora Investment Survey Report

Author(s): Lindsay Heger, Jay Benson, Lee C. Sorensen, Alexandria E. Wise
Date: June 16, 2016
Publication Type: Research Report
Keywords:

Overview:

As the Somali regions continue to emerge from decades of civil war, investment is expanding, banks are opening their doors, and Somali exports are increasingly finding markets. Those most anxious to embrace the growing Somali private sector and encourage expansion of Somali product exports to foreign markets are members of the Somali diaspora around the world. Through remittances and small investments, these individuals provide a critical lifeline for individuals in the Somali regions, as well as for businesses. As the political climate stabilizes, many diaspora members are contemplating how and when to make investments. In an effort to facilitate positive growth, the international community is seeking insight into the Somali investment climate, investor interests, and potential mechanisms for encouraging diaspora investment. 

Given the overall lack of data offering guidance on the subject, the International Fund for Agricultural Development (IFAD) commissioned Shuraako (a program of the One Earth Future Foundation) to conduct the Somali Diaspora Investment Survey. The survey gathered information about the preferences and behaviors of Somalis and the Somali diaspora toward channels and opportunities for Somali-based investments. Hundreds of Somali diaspora and current residents provided answers about their opinions, observations, and habits regarding remittances and investment in the Somali regions.

Key Findings:

Recommendations of this report are intended for the Somali business community (chambers of commerce, business associations, and the private sector), Somali financial institutions, diaspora members, the global community (including governments, multilateral organizations, and NGOs), and international financial institutions. Suggested courses of action seek to:

  • Develop financial and business infrastructure
  • Improve the quality of Somali market information
  • Connect diaspora investors around the world
  • Develop diaspora-specific investment products
  • Leverage locked-up real estate value through hybrid mortgage products

Related Publications

Climate-Induced Migration and Instability: The Role of City Governments

Ambika Chawla Written by Ambika Chawla on June 5, 2017

Trends in urbanization and climate change are altering the nature of human settlements. As the number and impact of severe weather events increases, countries and cities are forced to cope.

Read more

Stable Seas: Somali Waters

Written by Curtis Bell, Ben Lawellin on May 1, 2017

This report shows how complex issues like illegal fishing, coastal violence, and human trafficking intersect to create a uniquely insecure maritime environment in Somali waters.

Read more
Refugees and National Security

Fact Sheet: Refugees and U.S. National Security

Written by Kelsey Coolidge, Conor Seyle, OEF Research on February 24, 2017

This fact sheet provides an overview of the US refugee admittance process and the current research on the threat posed to US national security by refugees.

Read more
Climate Change and Conflict in Sub-Saharan Africa

What International Donors Should Know About Drought and Conflict in Sub-Saharan Africa

Written by Curtis Bell on September 29, 2016

Some argue that climate change effects pose one of the greatest risks for political violence, and others argue there is no relationship whatsoever.

Read more
foreign policy analysis

Conditional Relationships Between Drought and Civil Conflict in Sub-Saharan Africa

Written by Curtis Bell, Patrick W. Keys on August 15, 2016

Few cross-national studies provide evidence of a relationship between environmental scarcity and conflict, although much of the literature claims that destabilizing effects of environmental crises can be mitigated by the right sociopolitical

Read more
Seafarer Report

After the Release: The Long-Term Behavioral Impact of Piracy on Seafarers and Families

Written by Conor Seyle, Chirag Bahri, Kellie Brandt, Alexander Dimitrievich, Karina Fernandez, Tom Holmer, Niyati Malhotra on June 24, 2016

More than 3,000 seafarers have been held hostage by Somali pirates since 2001, with a significant, but unknown, number of seafarers kidnapped in other parts of the world.

Read more
United Nations Intervention Good or Bad

The UN Intervention Brigade: Extinguishing Conflict or Adding Fuel to the Flames?

Written by Jay Benson on June 2, 2016

The authorization of the Intervention Brigade (IB) in the eastern Democratic Republic of the Congo (DRC) has sparked controversy in the international community over the value of such deployments for UN peace operations.

Read more
Renewable Energy in Somalia

Powering Progress II: The Potential of Renewable Energy in Somaliland, Puntland, and South Central Somalia

Written by Kelsey Coolidge, David Poplack on May 9, 2016

This report provides a common operating picture based on diverse information collected from renewable energy experts, development actors, donors, and Somali businesspeople in the traditional and emerging renewable energy market.

Read more

Pages