Mogadishu, Somalia – The Director of Employment at the Ministry of Labour and Social Affairs (MoLSA), Zakaria Abdi, officially launched a five-day Business Innovation training program aimed at equipping Somali youth with vital entrepreneurial skills and access to funding.
The training, held in partnership with the International Organization for Migration (IOM Somalia) and SIMAD University, kicked off on Monday in Mogadishu.
It brings together dozens of young Somali entrepreneurs, recent graduates, and aspiring business owners seeking to translate ideas into viable enterprises.
Speaking at the opening session, Abdi emphasized the importance of empowering young people through practical skill development and sustainable economic opportunities.
“Somalia’s future depends on the energy and innovation of its youth. This program provides the tools, mentorship, and financial pathways needed to launch successful ventures,” he said.
The training curriculum includes modules on business model development, financial literacy, market analysis, digital innovation, and access to startup capital. Participants will receive technical guidance from industry experts, university faculty, and MoLSA specialists, as well as individualized support in refining their business ideas.
A core component of the initiative is unlocking funding opportunities for the most promising ventures. According to IOM Somalia representatives, selected participants will have a chance to pitch their business proposals for seed funding and incubation support.
This initiative forms part of broader national efforts to reduce youth unemployment, drive inclusive growth, and build resilience in Somalia’s fragile economy.
SIMAD University President, Dr. Dahir Hassan, praised the collaboration as “a timely response to the growing demand for skills and innovation among Somali youth.”
The five-day workshop is expected to conclude with a showcase of youth-led startup ideas, highlighting the entrepreneurial potential of Somalia’s next generation.