Property Investor information: Somalia
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Property Investor information for: Somalia
Somalia is a troubled country, after a two-year peace process, led by the Government of Kenya under the auspices of the Intergovernmental Authority on Development (IGAD), concluded in October 2004 with the election of Abdullahi YUSUF Ahmed as Transitional Federal President of Somalia and the formation of a transitional government, known as the Somalia Transitional Federal Institutions (TFIs). The Somalia TFIs include a 275-member parliamentary body, known as the Transitional Federal Assembly (TFA), a transitional Prime Minister, Ali Mohamed GHEDI, and a 90-member cabinet. The TFIs are currently divided between Mogadishu and Jowhar, but discussions to co-locate the TFIs in one city are ongoing. Suspicion of Somali links with global terrorism further complicates the picture.
Somalia is currently not recommended by The Property Investor Magazine for Property Investment due to this countries political and or economic situation.