Somalia Tenders

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Capital Mogadishu
ISO 3166 Code SO
Population 11,123,000
Area, Sq KM 637,657
Currency Somali shilling
Official Language Somali, Arabic
GDP, Billion USD 917
GDP Growth Rate, % 2.6
Inflation, Avg CP, % Chng N/A
Interest Rates, % N/A
Unemployement Rate, % N/A
Exchange Rate, 1 USD Equals 685.95
International dial code 252
Time Zone GMT+03:00
Internet TLD .so

Somalia is officially calledthe Federal Republic of Somalia. It is a country situated in the Horn of Africa. The country is bordered by Djibouti to the northwest, Ethiopia to the west and the Indian Ocean on its east, Gulf of Aden to the northand Kenya to the southwest. Somalia has the longest coastline on the mainland of the continent and the terrain comprises mainly of plains, plateaus and highlands. In terms of climate, hot conditions remain round the year with periodic monsoon winds andirregular rainfall. The country has got a population of 10 million approximately. Somewhat 85% of the total residents are considered to be an ethnic Somalis and they have historically occupied the northern part as well of the country. Ethnic minoritiesare largely concentrated in the southern regions. The official languages of this country are Arabic and Somali both of these languages belong to the Afro-Asiatic family. Most of the residents are Muslim and the majority of them are Sunni. Somalia used to be an important commercial center and is among the most probable locations of the ancient Land of Punt. During the middle Ages, many powerful Somali empires completely dominated the regional trade. Several armed factions started competing for influence particularly in the south. During this period, Somalia was knownto be a ‘failed state’ due to the absence of a central government and residents returned to religious and customary law in most of the regions. Between the years 2011–2012, a political process was launched that provided benchmarks to set up the establishment of permanent democratic institutions and within this administrative framework, a brand new provisional constitution was passed in the year 2012 which resulted in the reformation ofSomalia as a federation. In August 2012, the first central government of the country was formed by the name of Federal Government of Somalia since the onset of the civil war. The nation has undergone a span of intense reconstruction, particularly in the capital, Mogadishu. Over the years, Somalia has managed to maintain an informal economy, which is based on livestock, allowances from Somalis who are working abroad and telecommunications. As per Central Bank of Somalia, the GDP per capita of the country as of 2012 is 226 dollars. About 43% of the total population survive less than 1 US dollar a day in the country, with around 24% of the total population found in urban areas and 54% live in rural areas. The economy comprises of both traditional as well as modern production, with a gradual shift in favor of modern industrial techniques taking root. Agriculture is an essential economic sector of Somalia and accounts for about 65% of the total GDP and employs 65% of the workforce

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