MOGADISHU, Somalia — As the First International Conference on Agri-Value Chain Investment enters its second day, President Hassan Sheikh Mohamud delivered a compelling address, promoting Somalia as a prime destination for agricultural investment.
The conference, which commenced yesterday with a focus on fostering economic partnerships, continued today with a series of presentations and panel discussions aimed at exploring the vast potential of Somalia’s agricultural sector.
President Mohamud, in his opening speech, highlighted the strategic advantages of investing in Somalia. “Somalia is open for business, and our agricultural sector is ripe for investment. With over 3,300 km of coastline and a strategic location on major global shipping routes, we offer unparalleled access to international markets,” he stated, underscoring the country’s geographical allure.
The President also emphasized the demographic dividend of Somalia, noting, “Our young, dynamic population, with over 70% under the age of 30, is eager to embrace innovation. Together, we can transform this potential into prosperity, benefiting both our nation and the world.”
President Hassan Sheikh Mohamud outlined Somalia’s commitment to enhancing its agricultural infrastructure, encouraging private sector involvement, and promoting technological and innovative practices throughout the value chain. He specifically mentioned the potential for crops like sesame, bananas, and mangoes, which thrive in Somalia’s varied climate and fertile soils.
“Today, we stand at the cusp of an agricultural revolution. I invite investors from around the globe to join us, to cultivate not just crops but relationships, prosperity, and sustainable development,” the President added, inviting international firms and agricultural conglomerates to explore opportunities in Somalia.
The conference, attended by representatives from various international organizations, private sector firms, and agricultural experts, aims to solidify partnerships, discuss investment strategies, and explore collaborative projects that could revitalize Somalia’s agricultural landscape. Discussions today will delve into practical steps for investment, including policy reforms, infrastructure development, and market access.
As the conference progresses, all eyes are on how these discussions will translate into tangible investments, potentially marking a new era of economic development for Somalia through its burgeoning agricultural sector.
