Mogadishu, SONNA – The House of the People of Federal Parliament of Somalia held their fourth meeting in the fifth session today, focusing on the second reading of the Somali Investment Bill. Prepared by the Trade and Industry Committee, this bill aims to boost the country’s investment landscape.
The session saw heated discussions among parliamentarians, who deliberated for hours on the bill’s provisions, significance, and budgetary implications. Present at the meeting was the Minister of Planning, Investment, and Economic Development, Mohamud Abdirahman Beenebene.
MP Mohamed Sheikh Nur Osman, Chairman of the Trade and Industry Committee, noted that the bill had passed its first reading and emphasized the importance of addressing its budgetary aspects, as debated by the members.
Second Deputy Speaker Abdullahi Omar Abshirow, who concluded the session, highlighted the extensive debate on the bill’s provisions. He also announced the imminent formation of a committee to address the issue of establishing independent institutions without a budget, tasked with reporting back to the House.
