MOGADISHU: Somalia in 2014 exported a record 5 million livestock to markets in the Gulf of Arabia thanks to heavy investments in animal disease prevention backed by the European Union and the United Kingdom, FAO said today.
This is the highest number of live animals exported from Somalia in the last 20 years.
The export data, collected by the FAO-managed Food Security and Nutrition Analysis Unit (FSNAU), indicates that Somalia exported 4.6 million goats and sheep, 340,000 cattle and 77,000 camels in 2014, worth an estimated $360 million.
Livestock is the mainstay of the Somali economy, contributing 40 percent to the country’s Gross Domestic Product.
“This is a key milestone for the Somalia’s livestock sector that reflects the large investments being made to support the commercial development of the livestock sector to become more competitive in international markets,” said Said Hussein Iid, Somalia’s Minister of Livestock, Forestry and Range. “This is important for both Somalia’s economy in general and for the livelihoods of the millions of livestock owners throughout Somalia.”
“This shows that despite the challenges, the Somali people are successfully working to improve their economy and food security,” said Richard Trenchard, head of FAO’s office for Somalia. “FAO and our partners are committed to remaining engaged and involved in supporting those efforts.”
Buyers from Saudi Arabia, Yemen, Oman, Kuwait Qatar and United Arab Emirates have all taken advantage of Somalia’s thriving livestock scene and its improved disease surveillance and control mechanisms.
Saudi Arabia, in particular, has contributed to steadily rising exports over the last six years, following a move to lift a 9-year ban on the import of livestock from Somalia aimed at preventing the spread of Rift Valley fever.
Pakistan to get $3b loan from Islamic Trade Financing Corporation
ISLAMABAD: Islamic Trade Financing Corporation (ITFC) to provide Pakistan with a $3 billion loan, according to an official statement released...
