MOGADISHU (Halbeeg News) – The Somali government is seeking to invest in countries within COMESA region, Somali official confirmed on Monday.
Charge d’Affaires at the Embassy of Somalia in Lusaka, Ahmed Abdirahman Sheikh Nur, said Somalia is committed to collaborating with members of the bloc.
Ahmed who paid a courtesy call on Secretary General, Ms Chileshe Kapwepwe at the COMESA Secretariat said he discussed with Kapwepwe on regional integration and possible areas of investments that Somalia can venture into within the region.
Some of the areas of interest mentioned by Ahmed are livestock, fisheries and infrastructure development. He indicated that Somalia has over 50 million heads of cattle and therefore stands to contribute significantly to the leather sector in the region and beyond.
“As we get readmitted to the Common Market, we wish to invest in various sectors such as fisheries, infrastructure, and livestock. With over 50 million animals in our country, we are sure we can help boost the livestock sector and help the leather sector,” he said.
In welcoming the diplomat, Secretary General Kapwepwe said she looks forward to Somalia fully completing the re-admission process to the Common Market. She said COMESA is ready to provide a platform for Somalia to look for potential investment in the various sectors.
The Secretary-General indicated that supporting Somalia’s investment portfolios in the region will help spur job creation among the youths and women in the region especially that COMESA is supporting investments that align with value addition to the raw materials.
“We look forward to the finalization process of your readmission to the Common market which shall make you a full member and enjoy the benefits of belonging to the grouping,” Ms Kapwepwe said.
The Somalia Government will soon appoint a new ambassador to Zambia who will also be the Permanent Representative to COMESA.
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