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Somalia: President Mohamoud invites Italy to invest in Somalia


SomaNet News Archive

Claiming that Somalia has recovered sufficiently from years of anarchy, Somali President Hassan Sheikh Mohamoud has invited Italians to take advantage of Somalia’s unique investment opportunities, Africa Review reported Saturday.

The Somali leader reportedly made the call while on an official visit to Italy where he met with his Italian counterpart Sergio Mattarella in Rome on Friday and gave an update of Somalia’s “Somalia has vast untapped resources, which can be exploited and could turn Somalia into an economic leader in Africa,” President Mohamoud reportedly said.

 “Italian investors can take advantage of such opportunity,” he added.

Africa Review says Italian President Mattarella welcomed the Somali leader’s initiative, promising continued assistance to the Horn of Africa country. President Mohamoud addressed the Expo 2015 in Milan on Thursday, during which he extended and invite to both the government and private investors from Italy. Somali had its pavilion in Cluster Drylands at the Expo 2015 after 25 years of near total absence from the exhibitions in Italy. Somali exhibitors focused on four thematic issues; incense, sesame seeds, herding and fishery.

"With nearly 50 million livestock, Somalia exports 5 million animals per year," was one of the slogans exhibited by the Somali delegates.