Somalia Tenders

Get access to latest Somalia tenders and bids. Find business opportunities and business intelligence from public and private procurement in Somalia. Find international bid invitations and information about tenders, bids, procurement, RFPs, RFQs, ICBs and detailed analysis across all sectors from Somalia.

Somalia is classified by the United Nations as a least developed country, with the majority of its population being dependent on agriculture and livestock for their livelihood. Due to a dearth of formal government statistics and the recent civil war, it is difficult to gauge the size or growth of the economy. In 2014, the International Monetary Fund estimated economic activity to have expanded by 3.7 percent primarily. This expansion was driven by growth in the primary sector and the secondary sector. Unlike the pre-civil war period, when most services and the industrial sector were government-run, there has been substantial, albeit unmeasured, private investment in commercial activities. The investment has been largely financed by the Somali diaspora, and includes trade and marketing, money transfer services, transportation, communications, fishery equipment, airlines, telecommunications, education, health, construction and hotels. Somalia's economy consists of both traditional and modern production, with a gradual shift to more modern industrial techniques. According to the Central Bank of Somalia, about 80% of the population are nomadic or semi-nomadic pastoralists, who keep goats, sheep, camels and cattle. The nomads also gather resins and gums to supplement their income.