Somalia—EU Support to Policy Dialogue on Investment Climate

Client: European Union

Duration: 2020-2022

Region: Sub-Saharan Africa

Country: Somalia

Solutions: Economic Growth

The EU Support to Policy Dialogue on Investment Climate in Somalia project is enhancing the investment climate and business environment by improving access to finance, markets, and essential services for medium, small, and micro enterprises (MSMEs).

Our team provides support to reinforce the capacities of key public institutions and the private sector to strengthen public-private dialogue; support Somalia’s exports and access to regional markets; and promote responsible business conduct across the private sector.

By improving the policy, regulatory, and institutional environments for investment promotion and facilitation, trade, and value chain development, the project facilitates socioeconomic resilience, especially in the era of COVID-19. We focus in particular on the financial sector, business linkages with Europe, food security, and nutrition.

To better integrate Somalia’s economy in the Horn of Africa, the project encourages dialogue between Somalis on private sector matters. Our efforts align with the Africa-Europe Alliance on Sustainable Investments and Jobs, the EU External Investment Plan approach (Sustainable Business for Africa Platform – SB4A), and EU economic diplomacy objectives and guidelines.

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Sample Activities

  • Strengthen the government’s capacity to engage with the private sector and implement and enforce needed reforms.
  • Organize public-private dialogue platforms and investment promotion events.
  • Produce studies to support the competitiveness of Somali exports.
  • Provide advisory services, training, and facilitation to federal government entities on priority reforms.
  • Promote responsible business conduct across the Somali private sector.
  • Build the capacity of private sector organizations on corporate governance, fair competition, decent jobs, and health.
  • Distribute information materials and basic health products to members of the private sector and producer groups.
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