Executive Summary

The February 2025 newsletter highlights Somalia’s strides in economic cooperation, investment promotion, and development partnerships. The key activities include:

1. Somalia-Kenya Trade Week – Concluded successfully in Nairobi, enhancing bilateral trade and investment. Officials from both countries emphasized the need for balanced trade policies and increased business opportunities.

2. Regional Investment Efforts – Somali officials engaged with the Nairobi Securities Exchange to attract Foreign Direct Investment (FDI) and expand access to regional financial markets.

3. Strengthening Media for Investment Promotion – The Minister of Planning met with the Nation Media Group Chairman to discuss the role of media in showcasing Somalia’s economic potential.

4. Engagement with Development Partners – High-level discussions with Swiss, German, EU, and UNDP representatives focused on aligning international support with Somalia’s National Transformation Plan (NTP: 2025-2029).

5. Validation and Approval of the National Transformation Plan – Somalia’s Cabinet formally approved the NTP, a five-year strategy aimed at governance reform, economic growth, social development, and environmental resilience.

6. Public-Private Sector Collaboration – A government-private sector dialogue was held to boost Somalia’s economic growth through Public-Private Partnerships (PPPs) and diaspora investment.

7. Accountability and Monitoring of Development Projects – The Ministry of Planning reviewed the performance of international organizations, emphasizing transparency and alignment with national priorities.

8. Strategic Diplomatic Engagements – High-level meetings were held with AU, IMF, Azerbaijan, and Arab League representatives to strengthen development cooperation and investment.

9. Capacity Building Initiatives – Somali officials attended investment training in Cairo and participated in the Arab Government Administration Forum in Dubai.

These engagements and initiatives collectively demonstrate Somalia’s commitment to sustainable economic growth, governance reforms, and international partnerships.