Somalia: Puntland hosts a major Investment Conference

Garowe- the state of Somalia’s Northeastern region of Puntland hosts A major Investment conference, a hub to attract both local and foreign investors.

The president of Somalia’s Puntland state, Saed Abdulahi Dani, officially opened the three-day investment conference which opened on Sunday.

President Dani, in his opening statement said that the forum is to bring together international and local investors aims invest more in the region.

Puntland leader also requested the local banks to reduce the interest rates and young people to create access finance.

“security in Puntland is reliable and encouragement for private investment. Financial institutions should reduce their loan rates so that young people can access finance & invest in their creativity” Dani said.

The EU Ambassador of Somalia Nicolas Berlang among the dignitaries attending the Puntland Investment forum has affirmed his office to join re-branding Somalia
”I want to affirm that the 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
The Investment Expo brings together leading International and Somali/Puntland decision-makers, business leaders, investors, and entrepreneurs to dialogue and transact on bankable investment opportunities in Puntland State.

** Writing by Mohamed Duale Edited By Mohammed Dhaysane

This is a developing story, Please check back at the Horndiplomat for Updates.

© Horn Diplomat 2019