The Somali Cabinet has recently decided to reduce the port access permit fee to $40.
Previously, the fee stood at $110.
On Thursday, the Council of Ministers met during their weekly session to discuss this fee and other pertinent issues.
This move aims to ease the financial burden on businesses and enhance trade activity within the country.
By lowering the fee, the government intends to make port services more accessible, potentially boosting the economy by encouraging more imports and exports through Somali ports.
This decision aligns with broader efforts to improve the business environment and promote economic growth in Somalia.