The impacts of private sector on economic development of Somalia: a case study of private sectors in Wadajir District
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Date
2010-01
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
Kampala International University.College Of Economics and Management
Abstract
The research aimed at assessing the impacts of private sector on economic development of
Somalia, Wadajir district, Banadir region as a case study.
Both qualitative and quantitative techniques were used .The qualitative techniques was
presented by use of tables and converted to percentages according to the themes, the data
collection method used include questionnaires, Documentary view and the data was
descriptive in nature. The objective of the study was to examine the major effects of private
sector on economic development of Somalia. It aimed at establishing the existing efforts by
relevant views towards the private sector. The General population of the District was
estimated 125,031 the research population was 150 and the sample size was 108 respondents.
However, the private sector in Somalia has shown exceptional recovery and adoptability in the
relevant circumstances of statelessness. Today, the entire Somali economy, including sectors
that were formerly under the state control -healthy care delivery, public education, veterinary
service, telecommunications, electric power, and water supplies, has been Privatized Due to
unfavorable conditions of statelessness, there is no any public sector working in Somalia; all
these private sectors are operating at minimum capacity, the business community can not
make investment at present. One of the imminent features of Somalia's present day economy
1s an outstanding of deregulated free market commerce, but under the absence of
governmental regulatory body this led that many of the services to their customers
substandard and hazardous to the wellbeing and the general healthy of the community .Under
this circumstance of statelessness and civil conflict, the local business community contrived to
jump-start local economy. They opened new private enterprises and restored old ones.
The finding of this study revealed that private sector has a great impact on economic
Description
Research thesis submitted to the school of Postgraduate Studies and Research in partial fulfillment of the requirements for the a ward of degree of Master of Arts in project Planning and Management of Kampala International University
Keywords
Private sector, Economic development, Somalia, Private sectors, Wadajir District