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February 5, 2019 » Today News »

Terrorist attacks show rising risks for business in Somalia

Terrorist attacks show rising risks for business in Somalia

An al Qaeda affiliate’s killing on Monday of a manager working for a major Dubai-based port operator in Somalia highlights the risks of doing business in the war-ravaged nation.

DP World is one of the few international companies to invest in the country, whose coastline sits on the narrow passage that links the Indian Ocean to the Suez Canal.

The canal is the fastest and most popular maritime trade route between Europe and Asia, carrying about 10% of the world’s seaborne trade each year.

Source: WSJ

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