July 2024 Newsletter – Ministry of Planning, Investment, and Economic Development  Executive Summary  In July, the Ministry of Planning, Investment, and Economic Development of the Federal Government of Somalia made significant strides in various developmental initiatives and projects aimed at transforming the country’s socio-economic landscape. Key highlights include:

• Workshops and Training Sessions: The Ministry organized multiple workshops focusing on the Sustainable Economic Transformation Pillar and the Social and Human Capital Transformation Pillar of the National Transformation Plan (NTP: 2025-2029). These sessions enhanced participants’ knowledge and skills, facilitated stakeholder engagement, and addressed data validation and stakeholder roles.

 

• Monitoring and Evaluation (M&E) Initiatives: The M&E Department conducted several training sessions and meetings, including a 5-day training in Dhusamareeb to improve data collection and analysis skills and a consultative meeting on the National Integrated Monitoring and Evaluation System (e-NIMIS). Furthermore, the department hosted a preliminary joint meeting to review EU-funded projects and a quarterly meeting focusing on the 2024 Work Plan for FGS, UN, and INGOs.

 

• High-Level Meetings and Collaborations: Minister H.E. Mohamud A. Sheikh Farah participated in key meetings with Deputy Prime Minister H.E. Salah Jama, the Development Director of the British Embassy, and co-chaired the UN Somalia Joint Fund management group meeting. These engagements aimed to accelerate the formulation of the NTP, strengthen aid coordination, and approve funding for proposals.

 

• Legislative Developments: The Minister presented the Somalia Investment Bill to the House of the People, marking its second reading, which is crucial for Somalia’s economic development.

 

• Development Alliance Forum: SOMINVEST organized the first Development Alliance Forum to revitalize key markets through investments, fostering a cooperative approach to economic growth.

 

• National Evaluation Curriculum and Standards: The Ministry kicked off the development of the National Evaluation Curriculum and Standards to support strategic decision-making, cultural sensitivity, and capacity building.

 

• Language Proficiency Training: Staff completed advanced training in proper Somali language writing to ensure the highest standards of language proficiency in official correspondence.

The above mentioned initiatives demonstrate the Ministry’s commitment to enhancing socio-economic development, improving data collection and analysis, fostering stakeholder collaboration, and driving the successful implementation of the National Transformation Plan. The Ministry continues to work towards achieving Somalia’s development goals through strategic planning, effective monitoring, and robust stakeholder engagement.