Mogadishu - Economy

Economy

Mogadishu traditionally served as a commercial and financial center. Before the introduction of mass-produced cloth from Europe and America, the textiles of Mogadishu were forwarded far and wide throughout the interior of the continent, as well as to Arabia and even as far as the Persian coast.

The economy has recovered somewhat from the civil unrest, faring relatively better than other Somali cities, although the Somali Civil War still presents many problems. Hotels and other businesses have hired private security militias to provide protection and ensure the normal course of business.

Principal industries include food and beverage processing and textiles, especially cotton ginning. The main market offers goods from food to electronic gadgets.

Hormuud Telecom, the largest telecommunications company in southern and central Somalia, has its headquarters in Mogadishu. Telcom is another telecommunications service provider based in the city.

Jubba Airways has its head office in Mogadishu.