Date set for first Somalia investment conference

A major investment conference for Somalia is slated for Nairobi next month.

The First Somalia Oil and Gas, Investments, Security and Infrastructure Conference is set for June 17.

It will precede the East African Petroleum conference that is also going to be held in Nairobi from June 18 to June 20.

A statement from Amsas Consulting marketing and public relations manager D. Farah said Somalia’s prime minister will explore prospects, opportunities, strategic challenges and the way ahead for investments into Somalia. The conference is to be opened by Inter-Governmental Authority on Development executive secretary general Mahboud Maalim.

There’s now renewed international interest on Somalia which is struggling to regain its footing following an end of decades of civil war.

Somalia enjoys huge fishing, oil and gas resources.

Before the country broke into war, 15 major international oil companies were operating in Somalia, some of which want to come back.

There are 12 hydrocarbon basins in Somalia. The horn of Africa country also enjoys huge forestry and fish resources.

The conference will look into exploration priorities of Somali, both onshore and offshore.

Meanwhile, opposition leaders in the breakaway Puntland in Somalia want the international community to intervene and ensure democracy, peace and stability prevails in the state.

Led by presidential candidate Abdullahi Ali, the leaders accused the current regime in Puntland of dictatorship and wanting to interfere with free and fair elections in order to continue in power.

Speaking in Nairobi, Dr Ali said it was wrong for the current regime in Puntland to push for elections without use of identification documents to ensure transparency and fairness.


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