Maximilien von Berg writes in Africa at LSE:
...Since the state was dismantled in 1991 with the overthrow of long-time ruler Mohammed Siad Barre, the private sector stepped in to fill the void. Somalia’s entrepreneurial spirit has safeguarded many, but it is now seriously hampered by limited access to liquidity and lack of opportunities to finance the country’s growth locally. Democratising access to finance in Somalia, for instance by betting on Information and Communication Technology (ICT) already prevalent in this highly-penetrated mobile money market, could seriously improve governance. Financial resources are not redistributed; they are used to ascertain political power instead of growing the people’s purchasing power...[more]