SOMINVEST
@Invest_Somalia
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The Official Twitter Account of the Somalia Investment Promotion Office (SOMINVEST) at @MoPIED_Somalia . info @sominvest .gov.so
Mogadishu, Somalia
Joined July 2019
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On behalf of SOMINVEST, H.E Mohamed Abdirizak
@MinisterMOFA
signed an MoU with
@InvestTurkey
President Burak Dağlıoğlu. The MoU is to enhance inter-institutional collaboration & working modalities through the promotion of productive & commercial cooperation.
@AmbGamal
9
53
192
Despite its long coastline, Somalia has four deep-water ports (Mogadishu, Berbera, Bossaso & Kismayu), with only two handlings containerized cargo. Investments to diversify ports (service, fishing jetties & agriculture/export ports) will make Somalia a regional logistical hub.
22
44
174
Somalia has the highest resource potential of any African nation for onshore wind power and one of the highest rates of daily total solar radiation in the world, according to a study by the
@AfDB_Group
#InvestinSomalia
#InvestEnergySector
#InvestinFuture
@MoPIED_Somalia
@AmbGamal
6
62
158
With 8.9 million hectares of cultivable land, Somalia can be the food basket of the region and many parts of the world. Invest in one of the promising and most dynamic sector in Somalia.
#InvestingSomalia
#InvestingHope
@MoPIED_Somalia
@AmbGamal
@FAOSomalia
10
71
154
H.E.
@AmbGamal
unpacks the strategic mandate of SOMINVEST. Watch the below clip or visit for more updates.
6
34
155
Tourism is not all about international tourism. We should encourage domestic tourism to enjoy
#BeautifulSomalia
ourselves first. When was the last time you visited your hometown with your family? Let’s promote domestic tourism to increase our economic activities.
#DomesticTour
5
38
142
Due to increase in demand for both residential/commercial property, Somalia construction & property industry is booming, thanks to the return of Somali diaspora, in the wake of stability. Strategic investments are needed in setting up cement, paints, & steel manufacturing plants.
2
31
142
Somalia aviation sector has registered increased traffic in both domestic & international flights. Many international airlines applied for licenses. Due to investments in rehabilitating most domestic airports/airstrips, operators & passengers are reaping the benefits.
@SomaliaCAA
9
29
140
Garowe, about 950km north of Mogadishu, is the Puntland State of Somalia’s capital. The town is bounded by gradually ascending high plateaus. Transport, frankincense, energy sector & service industries are some of the major economic activities.
#DiscoverSomalia
#InvestinGarowe
2
17
132
Sesame farming & production in Somalia has sharply increased, leading the country to become 8th largest exporter in the world, valued at $300 million. This is fueled by strong demand in ME, India & Far East Asia. It is mostly used in confectionery industry & also prized for oil.
4
47
119
.
@Mohamed_Dubo
, director of
@Invest_Somalia
, signed a Memorandum of Understanding with
@Zniyonkuru
, Deputy CEO of
@RDBrwanda
, after the necessary approvals from
@MOFASomalia
& the State Attorney General. The agreement will Strengthen investment cooperation btw Somalia & Rwanda.
4
26
122
Burco, Togdheer region of Somaliland state of Somalia, is the second largest district and a major livestock market that connects Berbera & Hargeisa. Its economic activities include; livestock export and processing as well as rural merchandising.
#DiscoverSomalia
#InvestSomaliland
12
24
119
Somalia has recently become a major exporter of dried lemon, 100% organic—that includes varieties of Meyer, Eureka & Lisbon. Turkey, in addition to the Middle East markets, has become a new market for dried lemon. Somalia is said to export $50-80m worth of dried lemon every year.
5
39
113
With the support of the Turkish Government and the Foreign Economic Relations Board of Turkey (DEIK),
@Invest_Somalia
at
@MoPIED_Somalia
and
@MoEWRSo
are pleased to engage Turkish Investors (in Istanbul) interested in potentially investing in the Somalia Energy Sector.
6
22
118
Abudwak district is in Galgadud region of Galmudug state of Somalia. The border town has some of the wealthiest grazing land in the region. Its economic activities include; livestock, cross border trade, tourism and logistics.
#DiscoverSomalia
#InvestGalmudug
2
24
109
As our productive sector attracts more investors, excellencies
@AmbGamal
&
@Amohamednur
has welcomed Turkish investors to Somalia for potential site visits & partnerships with Somali private sector. The delegation is keen on large-scale farming.
@SomaliPM
assured them of support
4
18
112
SOMINVEST is pleased to share the incredible progress of Gara’ad Port-Phase I, with 360 meters & temporary ship berthing. Once complete, this key project will significantly contribute to Somalia’s economy & presents opportunities of commercial activities in other regions.
3
23
114
Kusoo dhawow SOMINVEST! Join us in welcoming
@Abdinordahir
as Senior Strategic Investments Advisor to the Somalia Investment Promotion Office (SOMINVEST) at
@MoPIED_Somalia
.
@AmbGamal
6
12
102
SOMINVEST continues to increase its institutional collaborations with global Investment Promotion Agencies (IPAs), and as a result has signed a number of MoUs with partners to advance collaboration, partnerships in FDI attraction. Watch below clip or visit
3
14
97
Mahaday district is in the Middle Shabeelle region of Hirshabeelle State of Somalia. It is an agricultural center, with mango & orange plantations as its comparative advantage. Other activities include livestock for domestic, expert markets.
#DiscoverSomalia
#InvestHirshabeelle
.
1
24
95
Somalia-Uganda Investment and Business Summit will take place in Kampala, tomorrow. The Summit will be platform for investors from 🇸🇴 & 🇺🇬 to network, engage and exchange investment opportunities. H.E
@HassanSMohamud
and
@KagutaMuseveni
will grace the Summit.
@IFCAfrica
@SomaliPM
1
23
95
Probably one of the first female would-be entrepreneur in Somalia to experiment crowd funding in raising start up capital for her upcoming ICT enterprise. Thanks
@munniomer
for visiting
@Invest_Somalia
today. Making FilanTech Come Into Reality!
1
26
95
“ I would like to thank President of the Republic of Turkey
@RTErdogan
for his leadership in hosting this important High Level OIC Public and Private Investment Conference, here in Istanbul, to enhance intra-OIC investment flow”
@AmbGamal
@MoPIED_Somalia
1
25
95
Head of Somali delegation
@AmbGamal
is at the OIC High Level Public and Private Investment Conference in Istanbul, to be opened today by H.E. Recep T. Erdoğan,
President of Turkey Themed: “Unleashing Intra-OIC Investment Opportunities: Investment for Solidarity & Development”.
1
33
94
In an effort to diversify ICT infrastructure, Somalia has added DARE1 submarine cable. The cable is a 100G based system that provides an alternative low-latency route to East Africa and the Horn of Africa with high-capacity transmission delivering up to 30 Tbps of capacity.
0
29
89
Foreign Direct Investment (FDI) in Somalia has increased steadily in the past few years due to diaspora remittances and foreign investments mainly in the telecommunications, financial and construction sectors.
#InvestSomalia
1
18
88
The Energy sector in Somalia presents vast, profitable investment opportunities – expansion of the generation capacity and diversification of power sources as well as enhancing generation and distribution system efficiencies.
#InvestInSomaliaEnergy
1
17
91
The Somali fishing industry has the potential to be the largest and most profitable in the world. Somalia has the longest coastline in Africa, and this is strategically positioned to serve both local and international markets simultaneously.
#InvestinSomalia
@MoPIED_Somalia
4
26
91
Somalia offers opportunities to invest in its farming sector as it's currently heavily import-dependent on food; sugar (14%), rice (5.8%), wheat (3.9%), pasta (3%) N others. Export promotion N increased investment in domestic supply chain dev't would be attractive for investors.
2
22
86
The shaping of the blue economy is crucial for Somalia's future investment. Investment opportunities include; value chain development, cold storage of seafood, marine resource processing, and packaging facilities, and centers for marine skills.
#InvestinSomalia
@MoPIED_Somalia
1
24
91
Turkish Seher Company CEO, Mr. Rafet Yalcinkaya—a Turkish investor in Somalia—has paid a visit to SOMINVEST office today. The company has invested in the construction industry about 10-years ago, expanded into the logistics and now intends to venture into pharmaceutical industry.
6
15
90
The
#Somali
people need to collectively invest in the development of their country & improve its productivity esp. in the sectors of
#livestock
,
#agriculture
,
#fisheries
,
#manufacturing
& export,
#ICT
,
#tourism
e.t.c & harness its human & natural resources.
@M_Farmaajo
#invest
🇸🇴
4
26
80
Beletweyne is in Hiiraan region of Hirshabeelle State of Somalia. It’s both riverine & border town, with large agriculture & livestock commercial activities. The town has trade links with Mogadishu, Bossaso, Berbera and connects South & North.
#DiscoverSomalia
#InvestHirshabelle
1
17
81
H.E
@AmbGamal
has today received the Turkish Ambassador to Somalia, Mehmet Yilmaz at
@MoPIED_Somalia
. The two sides reviewed the Economic & Investment Cooperation between the two countries. Both sides agreed to accelerate investment promotion & facilitation efforts.
@TC_Mogadishu
3
17
82
“Qof kasta oo hanti haysta, iyo maalgashatada ajaanibta ah waxaan kula talinayaa in ay maalgashadaan wax soo saarka dalka si loo gaaro sugnaan cunto garan”.
3
11
83
Somali parliament has today ratified the Multilateral Investment Guarantee Agency (MIGA) agreement. Another milestone in our quest to attract and retain Foreign Direct Investment into Somalia.
5
24
79
.
@MoPIED_Somalia
takes the pleasure of inviting all foreign, diaspora and domestic investors, as well as our economic development partners, to the upcoming Somalia International Investment Conference (
#SIICO22
), which will take place in MOGADISHU on 28-29 November 2022.
8
23
76
Lasanood is at the heart of the grazing area known as the Nugal Valley, close to Hawd and Sool intervals. It’s major commercial activities include; livestock, trade and logistics, supported by a good road infrastructure that makes it a growing commercial hub.
#DiscoverSomalia
5
18
73
#Somalia
has an estimated 7.2 million
#camels
and is the largest producer of camel
#milk
globally.
#Livestock
is also the most significant contributor to
#foreign
exchange earnings after
#remittances
from the Somali
#diaspora
.
@MoPIED_Somalia
@AmbGamal
0
19
74
Somalia encourages foreign investments to fix its energy crisis.
9
19
74
Somalia is the leading exporter of livestock, N this is the largest economy of Somalia, contributing 40% of the country's GDP. Buyers from SA,YE,OM,KW,QA, N the UAE 🇦🇪have all developed long-term business relationships with Somalia.
#InvestingSomalia
@MoPIED_Somalia
@AmbGamal
3
21
72
Hafsa Aadan & Fadumo Hussein,
@Invest_Somalia
’s head of investor facilitation section & support focal point respectively, continuing with their planned investor visits have today visited Mogadishu Port’s GM Ferhat Akkaya to see how best SOMINVEST could support their investments.
3
10
75
The Somalia delegation headed by H.E
@HonAbdinoor
have today met with AVVA Global Energy Holdings, led by its Asia, Middle East and Africa partner Mr. Mustafa Damar. The company is interested in the energy infrastructure (generation & transmission) investments.
@Jamaidid
5
8
68
SOMINVEST team paid a courtesy visit to the
@TC_Mogadishu
and discussed Turkish Investment Mapping for better facilitation & support, bilateral investment treaty & other strategic exchanges. Turkey remains our biggest source of FDI.
@MoPIED_Somalia
is aiming to increase the same.
2
12
71
SAVE THE DATE for the FIRST Somalia International Investment Conference (
#SIICO22
) to take place in MOGADISHU on 28-29 November 2022. 10 weeks to GO.
2
15
73
Buloburte is an ancient town in Hiiraan region, Hirshabeelle State of Somalia. The town is an agricultural & livestock center that heavily relies on river irrigation. Time to invest in commercial farming to bolster the region’s food production.
#DiscoverSomalia
#InvestHirshabelle
1
22
69
Hudur town is in Bakool region—South West State of Somalia— which is a major in-land transportation hub. It’s major economic activities include; cross border trade, livestock and farming, a famous honey production and processing center.
#DiscoverSomalia
#InvestSouthWestState
5
19
70
From today onwards, Investors can come to our offices on 7th floor of Block B, Istanbul Sapphire for more investment facilitation and support. The Office will also function as Somalia’s Honorary Consul in Istanbul.
@Jamaidid
@TC_Mogadishu
1
16
71
2nd Turkey-Somalia Joint Economic Commission meeting concluded today in Ankara, with a positive note in investment across all major sectors in the Somalia economy. Both countries Investment promotion and protection agreement is in Somalia parliament for debate and ratification
3
26
72
Low uptake of fixed services & broadband in Somalia persists due to the success of mobile services. Most 3/4G LTE networks, currently in the main cities, backhaul using the microwave which offers huge infrastructural investment opportunities. Time to Invest in Somalia ICT sector.
7
10
64
Kismayo is the commercial city of Jubbaland State of Somalia & where the Jubba river joins into the Indian Ocean. The city's main economic activities include fishing, trade, livestock & tourism. It houses one of Somalia's deep ports.
#DiscoverSomalia
#InvestJubbaland
1
11
66
ANNOUNCEMENT
Somalia International Investment Conference
Theme:
Unlocking Sectoral Investments to Accelerate Economic Growth
28-29 November, 2022
Mogadishu, Somalia
7
41
70
H.E
@AmbGamal
has today presented the Somalia Investment Promotion Agency draft Bill, 2020 to the Federal Parliament- House of the People- for deliberations (first reading).
1
13
65
Turkish Investments in Somalia has been appreciated tonight by
@AmbGamal
,
@DrBeileh
& indeed the entire FGS and the people of Somalia.
@TC_Mogadishu
0
6
69
”I want to affirm that EU is ready to join you in re-branding Somalia and changing the image. Today’s Somalia is very different from that of recent history. We are proud Puntland is ready for Investment and leading this re-imaging course.” Nicolas Berlanga, EU Ambassador
#PIF2019
1
27
66
Since 2018, Somalia’s FDI inflow was on an upward trajectory. As we unveil our first National Investment Promotion Strategy (NIPS) & continue with our investment regulatory and institutional reforms, Somalia is & will remain a preferred and last frontier of investment destination
3
17
65
Baidoa, in Bay region, is the interim capital of the South West State of Somalia. It connects Mogadishu port, agri producing regions to Ethiopia. Baidoa is dubbed Somalia’s 'breadbasket.' & is famous in agribusiness as well as livestock trade.
#DiscoverSomalia
#InvestSouthWest
3
9
65
Council of Ministers has today unanimously approved the proposed Somalia Investment Promotion Agency (IPA) Act 2020.
4
20
64
Hobyo is an ancient port city in the Galmudug State of Somalia. Hobyo main economic activities include fishing, mining, trade & livestock— potentially offering another port infrastructure that may further connect the region & enhance trade flow.
#DiscoverSomalia
#InvestGalmudug
1
18
64
Mogadishu will host the 2nd Somalia-Italy Business & Trade Forum on May 30 - 31, 2023. Take advantage of this opportunity to network & develop excellent partnerships with Somalia government officials and corporate executives.
We look forward to meeting you all at the event.
4
19
66
Invest in Somalia ICT sector platform virtual meeting is on 26th May, 2021. You may register using below link to receive your invite:
@AmbGamal
@MoPIED_Somalia
@IFCAfrica
0
25
60
In addition to DARE1, Somalia is also connected to the West Indian Ocean Cable Consortium’s (WIOCC) East Africa Submarine Cable System (EASSy), a high-capacity (10 Tb/s) fiber-optic cable that links Africa’s East coast to the global fiber-optic network.
1
16
62
The "Somalia-Türkiye Investment Forum" that brings together govt reps & business leaders from both nations will take place in Istanbul on March 13, 2023, organized by SOMINVEST
@MoPIED_Somalia
in collaboration with the Somali Embassy in Türkiye.
Register:
0
21
64
SOMINVEST Director
@Hassan_Rafiki
and Somalia Ambassador to Turkey
@Jamaidid
held a fruitful meeting, on how to increase Turkish investments in Somalia, with the Chairman of Kiler Holding and Honorary Consul for Somalia to Istanbul.
@MoPIED_Somalia
@AmbGamal
1
17
63
Mogadişu Alport Limanı Genel Müdürü, FERHAT AKKAYA “Somali dıştan görüldüğü veya duyulduğu gibi değil, Somali yatırım yapılabilir bir ülke. Çok fırsatlar barındırıyor Albayrak Grup olarak 8 yıldır buradayız”.
2
13
63
H.E
@AmbGamal
held a Bileteral meeting with H. E Zubair Gilani, Minister of State/ Chairman, Pakistan Board of Investment (BoI) on the margins of
#OicInvestmentConference
and discussed cooperations in the areas of data, investment and higher education.
#IntraOicInvestment
0
16
59
The Agreements signed by
@AmbGamal
and Mr. Manuel Moses, Country Manager for World Bank Groups IFC will continue to strengthen the investment climate reform in Somalia while accelerating access to investors and investment projects over the next few years.
@MoPIED_Somalia
2/2
1
11
61
Waxaa si habsami leh u socda wareegga koowaad ee shirka wadatashiga Istraatiijiyadda
#Maalgashiga
Qaranka oo ay ka soo qeyb galeen hay’adaha iyo Wasaaradaha dowladda Federaalka ah si sare loogu qaado Maalgashiga dalka.
@MoPIED_Somalia
@AmbGamal
3
22
62
SOMINVEST is officially a member of
@World_FZO
— a global organization that provides one authoritative, collective voice representing the interests of free zones around the world. Registered in Geneva, WFZO is the only multilateral organization for free zones in the world today.
1
15
58
Foreign Investors’ Dinner 2021 has been successfully. The overarching message was to appreciate our investors who have chosen to invest in Somalia out of many countries. Special appreciation to
@4rukun
@DrBeileh
@TC_Mogadishu
@TiinaIntelmann
. The event was supported by
@IFCAfrica
1
17
58
SOMINVEST of
@MoPIED_Somalia
& a member of the National Trade Facilitation Committee (NTFC) has today attended the 2nd day of the World Bank Scoping Mission in Mogadishu on Building Capacity for Trade-led Growth Project to Somalia where trade & FDI nexus is discussed extensively.
0
15
58
You may use below link to access the recently Somalia cabinet endorsed National Investment Promotion Strategy (NIPS)-
@AmbGamal
@MoPIED_Somalia
3
28
59
Somalia ambassador to Turkey
@Jamaidid
has today paid a courtesy visit to
@MoPIED_Somalia
and toured SOMINVEST offices. Amb Jama is among the active Somalia ambassadors who actively promote Somalia as a favorable investment destination.
#SomaliaFDI
@AmbGamal
1
6
58
SOMINVEST at
@MoPIED_Somalia
has successfully conducted the 2nd Foreign Investors’ Annual Dinner to appreciate, connect & listen to investors’ concerns in order to address any concerns in a timely manner. The event was graced by
@4rukun
@DrBeileh
@TiinaIntelmann
@TC_Mogadishu
1
11
57
Somalia Banana was the most significant export crop to the world, becoming a global brand. Through substantial investments, the banana value chain is being revived & with the completion of Afgoi road corridor, transport will be made easier to get Banana to the port of Mogadishu
0
11
55
With the economy growing & increasing energy demand, the government targets 75% electrification by 2025. Adequate solar resources provide affordable and reliable green energy solutions. Attractive incentives are available for investments in the energy and ICT sectors.
3
20
58
H.E
@AmbGamal
is leading the Somalia Statistics Day (June 18, 2020) under the theme: Sustainable Development through Data Driven National Planning.
@MoPIED_Somalia
@DNS_MoPIED
0
14
55
Somalia is one of the leading sources of camel, sheep, & goatskin in Africa. There are urgent investments needed in this crucial sub-sector to improve its value chain & upgrade position in the regional & global markets, as a result of increased productivity and competitiveness
3
17
56
The Power Master Plan estimates that Somalia needs 200MW+ of renewable energy installed & 10+ modern city grids in place within the near future. “Invest in Somalia Energy Platform” in December 15, 2020 will highlight energy sector investment opportunities.
#InvestInSomaliaEnergy
2
9
55
SOMINVEST delegation in Egypt have had a pre-planned G2B meeting with Eng. Ahmed Elsewedy—President & CEO of
@ElsewedyElec
. The company is planning to invest in Somalia’s energy sector (power generation & cable manufacturing).
@Invest_Somalia
will facilitate this expansion.
1
12
51
In Geneva, the director of
@Invest_Somalia
@Mohamed_Dubo
and MD & CEO of
@investindia
Deepak Bagla (
@DeepakBagla_
) have today signed a Memorandum of Understanding (MoU) to enhance bilateral investment relations & strategic institutional collaboration to allow FDI flow.
1
19
56
Major Achievements of the Anti-Money Laundering and Countering the Financing Terrorism Regime In Somalia. The law is meant to give confindence & provide oversight & regulatory support to the financial sector reform, a key sector for our investment promotion efforts.
@AmbGamal
1
24
54
Barawe, also known as Brava, is an ancient port town in the Lower Shabelle region of Somalia which is also the South West State of Somalia's Capital. The town is common with fishing, farming, and manufacturing activities.
#DiscoverSomalia
#InvestinBarawe
.
0
11
50
“I urge our development partners to consider financing major infrastructural projects to enhance our core national capabilities in delivering efficient sectoral value chains, enhance ease of doing business & increase favorability of Somalia as an investment destination.”
@4rukun
4
9
50
Abdulkadir Mohamoud, Investment Sourcing Advisor at SOMINVEST, met with
@InvestTurkey
at the Presidency of the Republic of Türkiye. Sides exchanged insight on investment opportunities in both territories & agreed to promote mutual investments between 🇸🇴 & 🇹🇷.
2
9
50
EU Business in Somalia survey report (on how EU Investment and Trade contribute to Sustainable Development) is out. Very interesting set of data that is useful for our efforts in attracting EU investment to Somalia and regards EU as a potential market for Somalia’s produce.
2
15
52
H.E.
@HonBeenebene
, Minister
@MoPIED_Somalia
, will deliver opening remarks of the upcoming Twitter space session, focusing on Food Security through Investments in Agribusiness.
Please join us on Jan 26, | 8pm.
1
9
52
Council of Ministers have today approved an investment promotion MoU between the Federal Republic of Somalia 🇸🇴 and the Republic of Turkey. The agreement is to enhance cooperation between Somalia Investment Promotion Office (SOMINVEST) & Turkey 🇹🇷 Investment Office.
@AmbGamal
2
23
48
Adado district is in Galgadud region of Galmudug state of Somalia. The town is a strategic logistical hub. It’s economic activities include; livestock, trade transport & hospitality. Adado is a potential site for solar energy generation projects.
#DiscoverSomalia
#InvestGalmudug
1
10
47
SOMINVEST & other investment-mandated officials, including the FMS investment coordinators, are undergoing the final module of the Investment Promotion Certification Program (IPCP) to unlock Sectoral Investments. The program is supported by
@IFCAfrica
.
1
12
47
SOMINVEST investment facilitation & support team paid an aftercare visit to Mogadishu Port’s General Manager, Ferhat Akkaya. Albayrak Group intends to expand its investment portfolios in Somalia. The visit was part of an overall investors engagement to ensure seamless support.
2
4
50
Minister of Communications & Technology H.E. Abdi Sheikh Ahmed,
@Arobleh
, has made a stopover at SOMINVEST today.
@MoCTSomalia
is a valuable partner in our economic digitization efforts but most importantly,attract & facilitate substantial FDI into this critical sector.
@AmbGamal
5
10
48
The Somali
#fishing
industry is mainly untapped. Experts believe the industry offers significant economic value. Domestic marine products consumption per capita is estimated at (3.3kg per capita) one of the lowest compared to the rest of the Africa continent (9.1 kg per capita).
2
14
48
Xafiiska Dhiiri-Gelinta Maalgashiga Qaranka (SOMINVEST) ee Wasaaradda Qorsheynta, Maalgashiga iyo Horumarinta Dhaqaalaha ayaa ka qeyb galaya Shiweynaha Maalgashiga Puntland, kaas oo maanta ka furmay caasimadda Dowlad Goboleedka Puntland ee Garoowe.
#MaalgashigaPuntland
#PIF2019
0
18
45
@Invest_Somalia
at
@MoPIED_Somalia
is today hosting an annual dinner for the Turkish investors in Somalia. The event is part of investors outreach & support program that aims at increasing
#FDI
in
#Somalia
. Turkey remains our major investment partner.
@AmbGamal
@TC_Mogadishu
1
8
50