MOGADISHU, Somalia – On Wednesday, the Ministry of Planning, Investment and Economic Development organized a strategic meeting in the capital that attracted leaders from prominent Somali businesses and international investors operating in the nation.
The significant assembly drew more than 100 attendees, comprising corporate magnates, overseas investors, government representatives, and diplomatic personnel.
The main purpose of the conference was to synchronize private sector strengths with governmental objectives for the National Transformation Plan (NTP 2025–2029).
Strategic Coordination for Economic Advancement
Discussions centered on four critical themes aimed at promoting national economic recovery:
– Enhancing top-level conversations about economic progress;
– Increasing business community awareness of priority economic sectors;
– Improving the effective execution of the NTP 2025–2029; and
– Building strong collaborations between local companies and international partners.
Growing Trust in Somalia’s Market
Concluding the gathering, the Minister of Planning, Investment and Economic Development, Mohamud A. Sheikh Farah Beenebeene, noted that the evident rise in foreign direct investment demonstrates the nation’s investment environment is improving.
He credited this favorable development to recent governmental regulatory and security measures, which are now producing concrete outcomes.
Beenebeene further advocated for a unified strategy, encouraging both local and international business figures to collaborate closely with the ministry. He stressed that such cooperation is crucial to expediting the NTP’s targets and attaining sustainable, inclusive economic expansion for Somalia.
