The Ministry of Commerce and Industry has launched the Somali Business Registration System.
The ministry launched the new system in a colorful ceremony that took place in Mogadishu on March 30.
Officials from the ministry were at the launching event in the nation’s capital.
During Wednesday’s launching ceremony, the ministry’s officials said that the new system would reduce the time Somalis take to register new companies.
Furthermore, the new system would also prove beneficial to foreign investors.