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The aims of this research that I try to achieve are as follows:
• To provide an insight into the present state of the banking structure in Somalia.
• To explain the role and impact of the external income in the local economy in Somalia.
• To provide an explanation of the current operations of the Somali Remittance companies, the structure of their management and their international operations.
• To discuss the current dilemma of operating remittance companies in the UK and to outline specific that will satisfy the requirements of the concerned UK government and other western government.
The exact research questions/hypothesis to be investigated:
• What are the advantages and disadvantages of having a remittance system in developing countries?
• Are there any other alternative ways of sustaining the livelihood of the people in Somalia?
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