Wednesday 7th August, 2019: The Investment Promotion Office [SOMINVEST

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At the Ministry of Planning, Investment and Economic Development conducted a National Investment Promotion Strategy [NIPS] consultative meeting with the Private Sector led by the Somali Chamber of Commerce and Industry [SCCI].
Attendants included representatives from the Chamber of Commerce, Somali Banker’s Association, Industries Association, Farmers Association, Livestock Exporters, Fishing Association, Tourism and Hospitality players, as well as Construction Industry players.
After successful deliberations, participants have listed their respective sector’s investment priorities, enhancing investment portfolios and close collaborations on the investment promotions.
SOMINVEST conducted consultations with Federal Institutions and Federal Member States & BRA on the 24th of July, 2019 and 6th August, 2019 respectively on the National Investment Promotion Strategy.
SOMINVEST has concluded the first round of the National Investment Promotion Strategy consultations and will now proceed to the necessary executive briefings and validation process before tabling it to the cabinet for deliberations and adoption.
SOMINVEST is mandated to promote Foreign Direct Investment, promote Somalia’s positive image abroad and advocate for an improved investment eco-system.

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