Somalia industry sectors, despite several adversities, have managed to grow marginally, particularly because of remittances by Somalian nationals living abroad. Such nationals have helped in establishing small, informal industrial units in the nation, including textiles, handicrafts, printing and meat processing.
Most of the nation’s small industry sector is based on agricultural processing, which includes meat canning, sugar refining, oilseed processing and leather tanning. Also, despite being one of the poorest nations in Africa, Somalia has a superior infrastructure as compared to several of its counterparts. This has attracted private investment on a large scale in Somalia industry sectors. As a result, the following industries have thrived in the Somalian economy:
Somalia telecommunications industry is one of the best in Africa, with the cheapest cellular call rates in the continent. Besides, the installation time for a fixed-line is just three days. This period in some African nations may go up to several years. The first telecom companies began their operations in the nation in 1991. New entrants joined soon after by partnering with international giants, such as ITT, Sprint and Telenor. This resulted in increased competition in the industry, as a result international call charges have dropped to as low as $0.50 per minute in the larger cities.