Challenges of Business Investment in Somalia: The Case of Mobile Telecommunication, Banks and Remittance Companies

Abstract

The purpose of this paper is to investigate business challenges in Somalia during the period of conflicts. This paper was conducted with qualitative research using semi-structural interview with management and employee of major business companies in service sector particularly mobile telecommunications, commercial banks and remittance companies, the sector was selector its early business revival market in period of the violent. Small Business transactions has been the source of survival of many families at the absence of central government, security and stability over the country, remittance or money transfer Agencies contributed the improvement business endeavor with money transfer from Somali diaspora in outside the country, it also helped business connections between regions and cities. Business increased with the raise of commercial banks.

Keywords: Remittance, Commercial Banks, Violent environment

DOI: 10.7176/EJBM/11-18-15

Publication date:June 30^th 2019