Somalia’s Premier Bank To Bring ATMs, Debit Cards To Mogadishu
June 13th, 2015
Via Reuters, an article on Somalia: Somalia’s Premier Bank has struck a deal with Mastercard and will issue debit cards and install ATM machines in the capital of the war-ravaged country, the Islamic lender’s top executive said on Wednesday. The east African nation has struggled for more than two decades with civil war and containing […]
Read more »The Curious Tale Of The World-Beating Somali Shilling
June 13th, 2015
Courtesy of The Financial Times, an interesting article on the Somali shilling: Here’s a pecuniary peculiarity to rival Bitcoin – the world strongest currency over the past 12 months belongs to a small, war-torn African state without foreign currency reserves or any discernible monetary policy and a central bank of only three years’ standing. Yet […]
Read more »Somalia Seeks Foreign Investment in Energy Sector – Big Oil Cautious
October 14th, 2013
Via OilPrice.com, a report on Somalia’s oil ambitions: Oil companies are renowned for going into hostile environments in their relentless search for the world’s seemingly insatiable thirst for “black gold.” That said, there remain a few nations where even the intrepid masters of the universe hesitate to tread. In Central Asia, it is Afghanistan, despite […]
Read more »Terrorism, Petrol And International Competition: Turkey In Somalia
August 29th, 2013
Via The Eurasia Review, an interesting article on Turkey’s interest in Somalia: At the start of the month the Turkish Embassy in Mogadishu was the target of a suicide car-bombing. A Turkish policeman lost his life in the attack and three others were wounded. The extremist movement al-Shabaab (The Youth), an off-shoot of al-Qaeda, claimed […]
Read more »Somalia Deal Raises Concerns About Oil Risks
August 12th, 2013
Via The Financial Times, a look at Somalia’s fledgling oil industry: The signing of the new Somali government’s first oil contract with an untested company linked to a British peer raises concerns about whether the dash for oil wealth will destabilise the east African country. Last week, Michael Howard, a former leader of Britain’s ruling […]
Read more »Great Game Moves East: Somalia Oil Exploration
July 25th, 2013
Via Global Policy, an interesting article on Somalia’s oil potential: After turmoil hit Somalia in 1991, oil firms, aid groups, and even embassies evacuated. Now over 20 years on, oil firms are returning. Violence and uncertainty have not subsided, the question of autonomy for Somaliland, devolution of Puntland, and central governmental stability is still uncertain. […]
Read more »Focusing primarily on The New Seven Sisters - the largely state owned petroleum companies from the emerging world that have become key players in the oil & gas industry as identified by Carola Hoyos, Chief Energy Correspondent for The Financial Times - but spanning other nascent opportunities around the globe that may hold potential in the years ahead, Wildcats & Black Sheep is a place for the adventurous to contemplate & evaluate the emerging markets of tomorrow.