Shuraako congratulates the Somaliland Ministry of Trade and Investment for the launch of its first ever Investment Guide, an innovative online tool, created with support from USAID Partnership for Economic Growth. The Guide was introduced alongside the Ministry’s newly established Investment Department on the 16th of November, 2013 and is an indication of the increased stability and economic opportunity within the region.
“The creation of this document and web portal is a signal to local, diaspora and foreign investors that Somaliland is ‘open for business,’” said President of Somaliland, Ahmed Mohamed Mahamoud (Silanyo). “My government is committed to creating a business enabling environment that encourages innovation and fosters local and international linkages to expand market opportunities, while protecting investor assets.”
In addition to outlining the process of investing in Somaliland, the Guide also provides case studies on livestock, agricultural, energy, and fishery sectors. These key areas are where Shuraako has been working to connect promising opportunities with investors.
Shuraako Project Associate, Abdikarim Gole, attended the launch and concluded that it was an essential step in the right direction.
“The Guide is an essential tool that will not only draw investors to sectors that could become high income earners for the country, but also highlights those areas where jobs can be created,” said Gole. “This is exciting for Shuraako, as we seek to make a lasting positive impact in the area of job creation in the country.”
Somaliland continues to make remarkable socioeconomic gains since it was ravaged by civil war two decades ago. The Guide shows how Somaliland has progressed from a post-conflict situation to a state of political stability and sustainable economic development with many untapped opportunities. To explore the Guide visit http://www.somalilandinvest.net.