Somali National News Agency
So
Ar
Search
  • Home
  • Local News
    Local NewsShow More
    President Hassan Sheikh Mohamud Welcomes Somalia’s Full Reclamation of Human Rights Oversight Authority
    October 8, 2025
    Federal Parliament Holds First Reading of 2024 Financial Report
    October 8, 2025
    Somalia Accelerates Jowhar Offstream Storage Programme to Boost Agriculture and Flood Resilience
    October 8, 2025
    Somalia Dismisses False Media Claims on ‘Secret Deal’ with Sweden
    October 8, 2025
    Somali Security Minister meets his Ugandan Counterpart in Kampala
    October 7, 2025
  • World News
    World NewsShow More
    Five people dead as rescue boat overturns in Pakistan floods
    September 7, 2025
    Landslide kills more than 1,000 in Sudan’s Darfur region, armed group says
    September 2, 2025
    Search for survivors still on after 800 killed in an earthquake in Afghanistan
    September 2, 2025
    An earthquake devastates eastern Afghanistan, killing more than 600 and destroying villages
    September 1, 2025
    Hamas accepts an Arab ceasefire proposal on Gaza as Palestinian death toll passes 62,000
    August 19, 2025
  • Articles
    ArticlesShow More
    The Truth About Al-Qaeda’s Al-Shabaab: A War on Somalia’s Soul
    September 29, 2025
    The Collapse of the Al-Shabaab Militants’ Defenses and Offenses sends Four Clear Messages
    September 15, 2025
    Somalia’s March Toward Fair Elections Gains Momentum with New Political Party Registrations
    September 7, 2025
    The 2025 SCO Summit in Tianjin marks a new era of cooperation and a powerful stride toward a more just and equitable multipolar world.
    September 1, 2025
    Somalia’s Oil and Gas Potential: A New Frontier for Global Energy
    August 29, 2025
  • Business
    BusinessShow More
    Somalia Unveils the Blueprint for a Modern and Sustainable Mogadishu
    December 21, 2024
    Djibouti Launches $57.4 Million Youth Entrepreneurship Project to Combat Climate Change
    November 25, 2024
    FM meets Minister of Investment of Saudi Arabia
    October 28, 2024
    President Hassan Sheikh Inaugurates New LPG Storage Center in Mogadishu
    May 12, 2024
    Collaboration of ICT transformation for digital Infrastructure
    October 24, 2023
  • Sports
    SportsShow More
    Somali Ambassador to Kenya Congratulates Dekadaha FC on Historic CAF Confederation Cup Victory
    September 28, 2025
    Somalia’s Dekadaha FC faces Sudan’s Alzamala Sports Club in Nairobi
    September 20, 2025
    Mogadishu Stadium to Host Star-Studded Match Featuring Somali Legends and International Football Icons
    May 27, 2025
    Arsenal held at Brighton while Man City bounce-back continues
    January 5, 2025
    Galmudug wins the Inter-State Football Tournament
    January 29, 2024
  • Tenders
    TendersShow More
Reading: Somali PM calls for investor confidence
Share
Font ResizerAa
Somali National News AgencySomali National News Agency
  • SOMALI
  • ARABIC
Search
  • Home
  • Local News
  • World News
  • Articles
  • Business
  • Sports
  • Tenders
Follow US
©2023 || All rights reserved SONNA
Somali National News Agency > Blog > Local News > Somali PM calls for investor confidence
Local NewsNewsWorld News

Somali PM calls for investor confidence

By admin
Last updated: December 16, 2019
3 Min Read
Share

Doha(SONNA)- Somali Prime Minister Hassan Ali Khaire said his country is keen to open doors for investors and provide a safe investment environment, in addition to strengthening the country’s business sector.
Khaire said, at a Doha Forum session, that Somalia has reopened channels of communication with international financial institutions and opened the doors for investors.
He pointed out that the government intends to develop a strategic plan to take advantage of the lessons recorded by the Somali business sector during the period of the disintegration of institutions in the country.
He pointed out that the Somali business sector was able to withstand during the past years despite the disintegration of all official institutions, and was the only sector that has been operating throughout that period to form the backbone of the state, for 30 years, the business community alone has been able to access all areas of Somalia, he added.
The Somali PM noted that this experiment imposed itself and stressed the importance of this sector playing a role in formulating political solutions. Adding that there are two strategic elements that contributed to the survival of the private sector, namely wealth and trust, and that the breakdown of Somali institutions was due to a lack of confidence and the government’s inability to generate wealth.
He emphasised that the current focus is on the comprehensive reform plan, with a focus on the economic reform agenda based on enabling financial institutions, reforming the central bank, empowering the business community, creating jobs and developing infrastructure, to attract international investment institutions.
Khaire pointed out that the efforts made by his country three years ago to create an environment that enables the private sector to unleash its capabilities, through the adoption of important legislation such as the laws of public financial management, communication, investment and revenue and the anti-corruption law in order to attract investors to Somalia. He also pointed to the promising investment resources and sectors in Somalia, especially in the sectors of agriculture, livestock, mineral, oil and marine fishing, and others.
The Somali PM, in his speech, praised the topics raised by Doha Forum. The dialogues taking place at that forum underscored the global interdependence of this era and the nature of the common challenges facing the world, he added.

 

Source: GULF TIMES

Share This Article
Facebook Whatsapp Whatsapp Email Copy Link Print

MORE NEWS

Ode to Yan’an: How a Song Inspired Chinese Youth During Wartime

ArticlesCulture
August 19, 2025

Kenya’s small farmers find respite in avocados amid changing climate

NAIROBI(SONNA) As crop diseases and pests rise in Kenya amid a rapidly changing climate that…

March 11, 2023

President Hassan Sheikh Mohamud Welcomes Somalia’s Full Reclamation of Human Rights Oversight Authority

Mogadishu, SONNA – The President of the Federal Republic of Somalia, His Excellency Hassan Sheikh…

October 8, 2025

Nimcaan Hilaac appointed to lead Waberi National Band

Mogadishu (SONNA)-Minister of Information, Culture and Tourism of the Federal Republic of Somalia, H.E. Mohamed…

March 3, 2020

YOU MAY ALSO LIKE

INTERNATIONAL COMMUNITY STANDS WITH SOMALIA, CONDEMNS ETHIOPIA’S MEDDLING

Mogadishu, 22nd January 2024: The Federal Government of Somalia welcomes the support of the international community that has stood firmly…

Local News
January 22, 2024

Landmine blast kills 6 civilians, injuries 2 others near Hudur town in Bakool region

Mogadishu(SONNA)-At least 6 civilians were on Tuesday morning killed and 2 others injured after landmine blast hit to an auto-rickshaw…

News
September 15, 2020

More than 3.45 Million People Displaced in Ethiopia, More than Half Due to Conflict: New IOM Report

Addis Ababa – Over 3.45 million people were internally displaced in more than 2,500 assessed and accessible sites across 12 regions…

World News
January 21, 2024

Ambassador Awale Ali Kullane Attends the 11th World Peace Forum in Beijing

Beijing, China (SONNA) - Ambassador of the Federal Republic of Somalia, H.E Awale Ali Kullane, recently attended the opening ceremony…

Local News
July 2, 2023

Somali National News Agency established in 1964. It is one of the main pillars of the Ministry of Information, Culture, and Tourism.

  • Home
  • Local News
  • World News
  • Articles
  • Business
  • Sports
  • Tenders
  • SNTV
  • RADIO MOGADISHU
  • DALKA JOURNAL
  • TOURISM DEPARTMENT

Follow US: 

  • MoICT
  • VILLA SOMALIA
  • OPM SOMALIA

All rights reserved SONNA

©2023

Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?