Investment Facilitation and Support Section
Our Vision is “To Promote and Sustain Direct Foreign Investment flow to Somalia”
Investment Facilitation and Support Section
SOMINVEST found that allocating staff involved in investor facilitations activities gives best results. Facilitation section assumes responsibility for an identified portfolio of investors, projects and a specified set of activities. In this approach, both the agency and the investor will have clear lines of accountability and control.
Key Functions
- Provide administrative, operational and strategic services to investors.
- Provide follow up, aftercare and investor development services to investors.
- Retain: keep existing investors from leaving the country.
- Diversify: support opportunities for other, higher value business activities.
- Information management and keeping investor databases.
- Understanding investors and constantly meeting investors’ needs.
- Support enquiries in relation to investor matters positively and promptly.
- Servicing existing investors.
- Removing administrative obstacles and managerial impediments to investment.
- Pre-approval services, including information services, site-visit services and procedures for handling investors.
- Approval services, including screening, evaluating and approving projects for incentives and permits required by the Government.
- Post-approval services, including assistance with matters that arise during implementation of a new project.