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Monday, January 30, 2023
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    Traffic police officer shot dead in Bakarah market, Mogadishu

    Bombings hit areas near Mogadishu city HQs

    Heavy fighting underway between local forces, Al-Shabaab in Hiran region

    Heavy fighting underway between local forces, Al-Shabaab in Hiran region

    Joint security operation kills nearly 50 Al-Shabaab fighters in Hawadley  

    Joint security operation kills nearly 50 Al-Shabaab fighters in Hawadley  

    SNA eliminates 21 Al-Shabaab fighters in Hawadley

    Somalia to expand offensive against al-Shabab

    ATMIS congratulates SNA on liberation of strategic towns

    ATMIS congratulates SNA on liberation of strategic towns

  • Parliament
    Somali Parliament expected to decide on the 2022 budget today

    Somali Parliament expected to decide on the 2022 budget today

    Parliamentary Election Committee to hold its first meeting

    Parliament to hold crucial joint meeting today

    Parliament approves Hamze Abdi Barre as Somalia’s 21st Prime Minister

    Parliament approves Hamze Abdi Barre as Somalia’s 21st Prime Minister

    Congratulations pour in for the newly elected Somali Prime Minister

    Somali parliament to hold vote of confidence on Prime Minister Hamza Abdi Barre

    Upper House approves 5-member constitutional Commission

    Upper House approves 5-member constitutional Commission

  • Education
    Bringing everyone to the table: Supporting distributed leadership in Somalia’s education sector

    Bringing everyone to the table: Supporting distributed leadership in Somalia’s education sector

    President Hassan Sheikh leads nation in marking Somali Teachers’ Day

    President Hassan Sheikh leads nation in marking Somali Teachers’ Day

    UK funded Chevening Scholarships now open for application

    UK funded Chevening Scholarships now open for application

    PM Roble flags off secondary school leaving exams for thousands of learners

    PM Roble flags off secondary school leaving exams for thousands of learners

    USAID announces $6.8M initiative to increase access to education in Somalia

    USAID announces $6.8M initiative to increase access to education in Somalia

  • Humanitarian Affairs
    Study: Somali people ‘highly traumatized’ after years of conflict

    Study: Somali people ‘highly traumatized’ after years of conflict

    World Food Program chief: Somali famine slowed, not avoided

    World Food Program chief: Somali famine slowed, not avoided

    World Bank provides 50 mln USD grant for drought response in Somalia

    World Bank provides 50 mln USD grant for drought response in Somalia

    Somalia’s food crisis is claiming young lives

    8th AFRIMA in Senegal partners UNFPA, seeks support to end humanitarian crisis in Somalia

    The 2011 famine signs on sight, UN in Somalia warns as it calls for scaled up response

    Aid agencies, UN clash over ‘famine threshold’ as hunger ravages Somalis

  • Diaspora Voices
    Saudi government donates food aid to thousands of families in Somalia

    Saudi government donates food aid to Somalia

    Mogadishu Port Remains Closed Over Tariff Dispute

    Former Somali lawmaker involved in Mogadishu twin explosions

    World expresses solidarity with Somalia after attack

    Somali soldiers allegedly tortured former MP

    Somali soldiers allegedly tortured former MP

    NUSOJ impasse deepens as ILO recognises Farouk as Secretary General

    NUSOJ impasse deepens as ILO recognises Farouk as Secretary General

  • Business
    Somalia to issue first new banknotes in more than three decades

    Somalia to issue first new banknotes in more than three decades

    Somalia ‘to lift’ Kenyan khat ban as ties improve

    Boost for Kenyan traders as miraa exports to Somalia more than double

    Ethiopia and Somalia sign air services agreement

    Ethiopia and Somalia sign air services agreement

    DP World inks deal with Puntland to upgrade Bosaso Port

    DP World inks deal with Puntland to upgrade Bosaso Port

    Somali government eyes $100m annually from telcos with new law

    Somalis to call across networks by January

  • Science & Tech
    Somalia meteorite: Joy as scientists find two new minerals

    Somalia meteorite: Joy as scientists find two new minerals

    Uganda successfully launches its first satellite into space

    Uganda successfully launches its first satellite into space

    Banaadir Hospital gets major upgrade from Chinese government

    Banaadir Hospital gets major upgrade from Chinese government

    Opinion: Could Somalia become the next Texas?

    PSA CONUNDRUM: Roble, Farmaajo were ‘supportive’, Coastline Exploration ‘perplexed’

    Controvery in Somalia as gov’t COVID-19 Twitter handle used to spread political messages

    Controvery in Somalia as gov’t COVID-19 Twitter handle used to spread political messages

  • Opinion
    Somalia- Analysis: Could this be Somalia’s best chance to defeat Al-Shabab

    Somalia- Analysis: Could this be Somalia’s best chance to defeat Al-Shabab

    Somalia set to attend this year’s Africa Oil Week

    The exploration of oil and gas in Somalia

    Climate change; a shared global concern

    Climate change; a shared global concern

    Somalia and the human rights debate in Central Asia

    Somalia and the human rights debate in Central Asia

    African nations demand climate change financing ahead of COP27

    African nations can’t ‘adapt’ to the climate crisis. Here’s what rich countries must do

    A deadly decade for Somalia’s journalists

    A deadly decade for Somalia’s journalists

    President Mohamud: There is no turning back. We must finish off Al-Shabaab

    President Mohamud: There is no turning back. We must finish off Al-Shabaab

    Left behind: Deeply broken Somalia

    Left behind: Deeply broken Somalia

    OP-ED: Terrorism has no nationality, ethnicity nor religion. FETO threatens humanity as a whole”

    OP-ED: Terrorism has no nationality, ethnicity nor religion. FETO threatens humanity as a whole”

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    • Home
    • News
      • National
      • International
    • Security
      Traffic police officer shot dead in Bakarah market, Mogadishu

      Bombings hit areas near Mogadishu city HQs

      Heavy fighting underway between local forces, Al-Shabaab in Hiran region

      Heavy fighting underway between local forces, Al-Shabaab in Hiran region

      Joint security operation kills nearly 50 Al-Shabaab fighters in Hawadley  

      Joint security operation kills nearly 50 Al-Shabaab fighters in Hawadley  

      SNA eliminates 21 Al-Shabaab fighters in Hawadley

      Somalia to expand offensive against al-Shabab

      ATMIS congratulates SNA on liberation of strategic towns

      ATMIS congratulates SNA on liberation of strategic towns

    • Parliament
      Somali Parliament expected to decide on the 2022 budget today

      Somali Parliament expected to decide on the 2022 budget today

      Parliamentary Election Committee to hold its first meeting

      Parliament to hold crucial joint meeting today

      Parliament approves Hamze Abdi Barre as Somalia’s 21st Prime Minister

      Parliament approves Hamze Abdi Barre as Somalia’s 21st Prime Minister

      Congratulations pour in for the newly elected Somali Prime Minister

      Somali parliament to hold vote of confidence on Prime Minister Hamza Abdi Barre

      Upper House approves 5-member constitutional Commission

      Upper House approves 5-member constitutional Commission

    • Education
      Bringing everyone to the table: Supporting distributed leadership in Somalia’s education sector

      Bringing everyone to the table: Supporting distributed leadership in Somalia’s education sector

      President Hassan Sheikh leads nation in marking Somali Teachers’ Day

      President Hassan Sheikh leads nation in marking Somali Teachers’ Day

      UK funded Chevening Scholarships now open for application

      UK funded Chevening Scholarships now open for application

      PM Roble flags off secondary school leaving exams for thousands of learners

      PM Roble flags off secondary school leaving exams for thousands of learners

      USAID announces $6.8M initiative to increase access to education in Somalia

      USAID announces $6.8M initiative to increase access to education in Somalia

    • Humanitarian Affairs
      Study: Somali people ‘highly traumatized’ after years of conflict

      Study: Somali people ‘highly traumatized’ after years of conflict

      World Food Program chief: Somali famine slowed, not avoided

      World Food Program chief: Somali famine slowed, not avoided

      World Bank provides 50 mln USD grant for drought response in Somalia

      World Bank provides 50 mln USD grant for drought response in Somalia

      Somalia’s food crisis is claiming young lives

      8th AFRIMA in Senegal partners UNFPA, seeks support to end humanitarian crisis in Somalia

      The 2011 famine signs on sight, UN in Somalia warns as it calls for scaled up response

      Aid agencies, UN clash over ‘famine threshold’ as hunger ravages Somalis

    • Diaspora Voices
      Saudi government donates food aid to thousands of families in Somalia

      Saudi government donates food aid to Somalia

      Mogadishu Port Remains Closed Over Tariff Dispute

      Former Somali lawmaker involved in Mogadishu twin explosions

      World expresses solidarity with Somalia after attack

      Somali soldiers allegedly tortured former MP

      Somali soldiers allegedly tortured former MP

      NUSOJ impasse deepens as ILO recognises Farouk as Secretary General

      NUSOJ impasse deepens as ILO recognises Farouk as Secretary General

    • Business
      Somalia to issue first new banknotes in more than three decades

      Somalia to issue first new banknotes in more than three decades

      Somalia ‘to lift’ Kenyan khat ban as ties improve

      Boost for Kenyan traders as miraa exports to Somalia more than double

      Ethiopia and Somalia sign air services agreement

      Ethiopia and Somalia sign air services agreement

      DP World inks deal with Puntland to upgrade Bosaso Port

      DP World inks deal with Puntland to upgrade Bosaso Port

      Somali government eyes $100m annually from telcos with new law

      Somalis to call across networks by January

    • Science & Tech
      Somalia meteorite: Joy as scientists find two new minerals

      Somalia meteorite: Joy as scientists find two new minerals

      Uganda successfully launches its first satellite into space

      Uganda successfully launches its first satellite into space

      Banaadir Hospital gets major upgrade from Chinese government

      Banaadir Hospital gets major upgrade from Chinese government

      Opinion: Could Somalia become the next Texas?

      PSA CONUNDRUM: Roble, Farmaajo were ‘supportive’, Coastline Exploration ‘perplexed’

      Controvery in Somalia as gov’t COVID-19 Twitter handle used to spread political messages

      Controvery in Somalia as gov’t COVID-19 Twitter handle used to spread political messages

    • Opinion
      Somalia- Analysis: Could this be Somalia’s best chance to defeat Al-Shabab

      Somalia- Analysis: Could this be Somalia’s best chance to defeat Al-Shabab

      Somalia set to attend this year’s Africa Oil Week

      The exploration of oil and gas in Somalia

      Climate change; a shared global concern

      Climate change; a shared global concern

      Somalia and the human rights debate in Central Asia

      Somalia and the human rights debate in Central Asia

      African nations demand climate change financing ahead of COP27

      African nations can’t ‘adapt’ to the climate crisis. Here’s what rich countries must do

      A deadly decade for Somalia’s journalists

      A deadly decade for Somalia’s journalists

      President Mohamud: There is no turning back. We must finish off Al-Shabaab

      President Mohamud: There is no turning back. We must finish off Al-Shabaab

      Left behind: Deeply broken Somalia

      Left behind: Deeply broken Somalia

      OP-ED: Terrorism has no nationality, ethnicity nor religion. FETO threatens humanity as a whole”

      OP-ED: Terrorism has no nationality, ethnicity nor religion. FETO threatens humanity as a whole”

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      OP-ED: Somalia to host historic international investment conference

      Monday November 21, 2022
      in Business, Featured, featured, National News
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      OP-ED: Somalia to host historic international investment conference
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      By Abdirahman Abshir

      In a historic first of a kind, Somalia will hold its first ever International Investment Conference in its quest to rebuild and overcome its lost progress as a result of a three-decade long political and economic instability.

      The country is strategically located in the Horn of Africa providing a gateway between the Indian Ocean and the Red Sea leading up to the Mediterranean. Moreover, Somalia has vast natural resources which create investment opportunities in the country across different sectors. To this end, the Somalia international investment conference taking place on the 28th and the 29th of November 2022, will provide a platform for the nation and the current administration to showcase investment opportunities.

      The conference will also provide a glimpse into the existing industries in the country, investments towards general business activities to potential investors and to foster an overall climate of investment into the country. This conference is also intended to engage both the private sector and the federal government to engage potential investors interested in a country that is on its path to socio-economic and political recovery.

      This first-of-a-kind conference in the country will complement the current economic progress in the nation by providing a much-needed critical assessment of this progress and the investment opportunities that this progress creates. The conference will take place over a course of two days with many parties present across different sectors including Somali government officials, Somali business representatives and foreign business representatives.

      Currently, major projects are sprouting up all over Somalia hence creating a potent atmosphere that is in dire need of investment in all sectors. Additionally, Somalia’s industries at present are largely underdeveloped or underinvested thus the need for this conference to kickstart these sectors. These sectors include the livestock market, fisheries industry, farming, energy, human capital in the country, technology, banking & finance, the service sector, transport and infrastructure in the country and lastly the manufacturing industry.

      Additionally, the timing of this conference at this point in Somalia’s progress and growth is nothing short of impeccable. This is so because of the oil and gas potential in the energy sector in Somalia. Recently, Somalia signed an oil exploration agreement with the U.S. based company Coastline Exploration for seven offshore blocks out of the 247 blocks available in the country. This is a landmark step for the development of the country’s oil and gas sector and a promising future of eradicating the debilitating poverty that has plagued the country in recent history. This deal follows an earlier agreement made in February 2022 by the previous administration but has now been finalized by the current administration according to petroleum minister Abdirizak Omar Mohamed. This development in Somalia’s oil and gas sector provides a glimpse into the potential of investment in the country’s resources with Coastline Exploration Limited estimated to produce over 100,000 barrels a day if oil is found.

      Other developments in Somalia complimenting this conference to further attract foreign investments include sustainable economic growth. Somalia’s economy has grown consistently at 3% over the last four years leading to a steady rise in disposable income. This has fostered local consumption in the country which is expanding opportunities for local production in agri-processing and fast-moving consumer goods (FMCGs).

      Additionally, the invigorated investments and the ongoing port developments in Somalia with specific investments in port logistical infrastructure to realize Somalia’s role as a gateway for the African continent to Asia and beyond compliments the largest coastline in mainland Africa. These developments are all part of an emerging nation that is deepening stability and building international partner relationships across all sectors to ensure every possibility for a fresh start for the Somali nation.

      The conference will accommodate over fifty speakers with keynote speakers including H.E. Hassan Sheikh Mohamud, Prime minister H.E. Hamza Abdi Barre, the Minister of Planning Hon. Mohamud Abdirahman (Beenebeene) and other key ministers. Hon. Beenebeene optimistically commenting on the conference invitingly stated that “This conference organized by the Somali investment promotion office, SOMINVEST, will be an ideal platform to engage our dynamic private sector, national priority sector, global key investors as well for potent and useful sectoral and industrial level discussions.’ He added that the Ministry of planning welcomes all parties to Mogadishu for the purpose of this conference to partake in this historic event for the Somali nation.”

      Foreign Direct Investment (FDI) is key for a country like Somalia that seeks to integrate into the International Economic order to create long-lasting and sustainable economic growth. Somalia has also been keen on its accession into the World Trade Organization (WTO) since its application to the WTO Director-General in 2016. Since then, over 150 questions have been submitted to Somalia from WTO members to determine membership suitability of the nation. Consequently, conferences such as the Somalia International Investment Conference go a long way in integrating the country to the International economic order and the global world. To this end, the conference will include panel discussions on the international best practices for FDI in least developed countries like Somalia. Additionally, cognizant of the impacts of developments and investments in the energy sector, the newly created Ministry of Environment & Climate change will delve into the current opportunities and challenges facing the energy sector including the potential for renewable energy in Somalia.

      Lastly, this conference takes place against the backdrop of an ongoing war against sworn enemies of the federal government that is the Al-Shabaab. Nonetheless, the hosting of this conference reflects a great deal of political settlement and resurgence in the current administration. Despite the short period of the current administration, great strides towards the overall security situation in the country have been made notably the reclaiming of lands from Al-Shabaab held by the group for over 15 years. Additionally, cognizant of the role of political stability for international investment, similar promising strides from the current administration include a modus operandi of consensus and accommodation between government players. This was a crucial element missing from the previous administration where dictatorial tendencies were prevalent as modus operandi of the administration. By contrast, the current administration has ushered in key elements indispensable to political stability by transforming the societal perception of statehood from political dictatorial tendencies to a state rooted in democracy and the rule of law.

       

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