MOGADISHU (Halbeeg News) -The first economy-wide public-private dialogue meeting aimed at stepping up relations between stakeholders from the private and public sector opened in Mogadishu on Sunday.
The forum which will run for two days was officially opened by Somali prime minister Hassan Ali Kheire.
The event organised by the Ministry of Commerce and the Somali Chamber of Commerce brings together representatives from government, businesses, civil society and donors.
Speaking at the meeting, Somali Minister for trade, Mohamed Abdi Hayir said Somali entrepreneurs played a vital role in the healing process of the country which had been in anarchy state for decades.
“I thank Somali business community who took part in the efforts to resolve the challenges which the country is facing. The Forum of public-private dialogue has been operating for one year and half years during that period we achieved tangible progress,” he said.
Private sector development (PSD) plays a crucial role in economic development and poverty alleviation.
Somalia’s entrepreneurial private sector community is one of the country’s main assets and an important factor for sustainable development.
In fragile states, however, private sector actors face major challenges, such as difficulty in y access of finance, power and markets, poor infrastructure and a lack of transparency in the regulatory environment.
In an effort to collectively address these issues, the PPD convened with private and public sector actors to assess and prioritize issues to ultimately achieve positive and sustainable results.
The launch is the first step in this process to build consensus on prioritized issues and to build trust between the public and the private sector.
Discussion about this post