Somalia
Federal Republic of Somalia
Somalia is rebuilding its economy and institutions after decades of conflict. The country has a vibrant private sector, particularly in telecommunications (Hormuud Telecom operates one of Africa's most affordable mobile networks), remittances ($2+ billion annually from the diaspora), livestock exports, and emerging fisheries. Mobile money (EVC Plus by Hormuud) is widely used. The Federal Government of Somalia joined the IMF/World Bank debt relief process (HIPC completion point). Challenges include security (Al-Shabaab), clan politics, and limited formal regulatory frameworks.
Snapshot
World Bank Indicators Compare with another country
Climate Readiness Full ranking
How this is computed
Adaptive capacity to absorb climate finance and adapt, following the readiness dimension of the ND-GAIN framework. Built only from measured values already held on each country profile. It is not a measure of emissions or physical climate vulnerability, which the platform does not yet hold.
- Energy access (30%) — World Bank, access to electricity (% of population). The single most climate and energy specific signal held: SDG 7 and the clean-energy transition.
- Governance readiness (20%) — Transparency International, Corruption Perceptions Index (0-100). ND-GAIN governance readiness: the capacity to govern and deploy climate finance. Higher is cleaner.
- Human readiness (20%) — UNDP, Human Development Index (0-1). ND-GAIN social readiness: the adaptive capacity of the population.
- Economic readiness (15%) — World Bank, GDP per capita (current US$), latest measured year. ND-GAIN economic readiness: the capacity to finance adaptation. Scored relative to the covered set.
- Digital readiness (15%) — World Bank, individuals using the Internet (% of population). Information systems for early warning and adaptation.
A country is scored only when at least 4 of the five indicators are held. Sub-scores are weighted and renormalised over the indicators that are present; nothing is estimated for one that is absent.
Country Facts
Focus Sectors
Regulations & Taxes
Business Directory (87)
View AllPOSH FURNITURE
BusinessHUMAN CARE DIAGNOSTICS
BusinessQC RENEWABLE ENERGY
BusinessHORN RISK MANAGEMENT (HRM)
BusinessVETAGRO AFRICA LIMITED
BusinessECO ENGINEERING AND CONSTRUCTION COMPANY
BusinessAABOW GROUP OF COMPANIES
BusinessTHE GENERALS INCORPORATED COMPANY
BusinessHORN POPULATION RESEARCH AND DEVELOPMENT
BusinessSOLAR ENGINEERING CONSULTING & CONSTRUCTION COMPANY (SECCCO)
BusinessIFTIN TRADING AND CONSTRUCTION COMPANY
BusinessBEEGSAN GENERAL SUPPLY COMPANY
BusinessTenders
View AllContract Awards
View AllSigned Contract- Nation Tax Policy
Government of Somalia, Federal Republic of (World Bank-financed, project P177298)
Feasibility Assessments (Socio-Economic, Financial and Environmental), Design of Infrastructure and Safeguards Instruments, Management Plan/option for Mogadishu Old Port
Government of Somalia, Federal Republic of (World Bank-financed, project P178032)
Establishment of one Agricultural Demonstration Plot with Associated Infrastructure and Supply of Agricultural Inputs and Tools Jubbaland State, Somalia,
Government of Somalia, Federal Republic of (World Bank-financed, project P177627)
Supply, Delivery and Installation of CCTV Equipment for Financial Reporting Center (FRC)
Government of Somalia, Federal Republic of (World Bank-financed, project P501662)