MOGADISHU (SONNA) – The Ministry of Planning, Investment and Economic Development convened a strategic dialogue in Mogadishu on Wednesday, bringing together the leadership of major Somali corporations and international investors operating within the country.
The high-level gathering was attended by over 100 participants, including business tycoons, foreign investors, government officials, and members of the diplomatic corps. The primary objective of the forum was to align the private sector’s capabilities with the government’s vision for the National Transformation Plan (NTP 2025–2029).
Strategic Alignment for Economic Growth
The discussions focused on four key areas designed to drive the country’s economic recovery:
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Accelerating high-level dialogues regarding economic development;
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Raising awareness among the business community regarding priority economic sectors;
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Strengthening the practical implementation of the NTP 2025–2029; and
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Fostering robust partnerships between local enterprises and international counterparts.
Rising Confidence in the Somali Market
Closing the event, the Minister of Planning, Investment and Economic Development, Mohamud A. Sheikh Farah (Beenebeene), highlighted that the visible increase in foreign direct investment serves as evidence that the country’s investment climate is improving. He attributed this positive trend to the government’s recent regulatory and security reforms, which are now yielding tangible results.
Minister Beenebeene called for a synchronized approach, urging both domestic and international business leaders to work closely with the Ministry. He emphasized that such collaboration is essential to fast-tracking the NTP’s goals and achieving sustainable, inclusive economic growth for Somalia.
