This paper discusses the challenges and opportunities of the banking segment in Somalia. It reviews current systems for financial transfers and discusses the possibility of the introduction of a two-tier banking system.
Though the trajectory appears promising, major gaps still exist in the enforceability of contracts, provision of skilled manpower, protection of property rights, and the establishment of a national registry of citizens. A possible solution to the dearth of Somali-based brick-and-mortar banking outlets could follow Coasian bargaining theory, by mitigating political risk using the same principle that lies behind special economic zones (SEZ). In an SEZ, national laws may remain suspended, and an investor would then use a recognized third country’s legal regime.
This report, based on field research, documents which features of business work in fragile areas and how businesses operate in regard to strategy, contract enforcement, and other aspects of firm behavior.
In 2005 the member states of the UN committed to preventing and stopping the mass atrocity crimes of genocide, war crimes, ethnic cleansing, and crimes against humanity. This commitment was formally called the “Responsibility to Protect” (R2P), and
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.
Business associations can be an effective tool for facilitating good governance, but are an often incorrectly understood concept even by individuals close to the institutions. This paper introduces the potential benefit in the formation of business