Somalia fit and ready for business, says PM

Somalia PM Hamza Abdi Barre (centre) at the Blue Economy Investment Conference in Mogadishu. [File]

Abdullahi Aden, Director of the Blue Economy at the Ministry said that they have established a strategy to benefit from the blue economy so that the country becomes self-sufficient in the future.

Other international players including Chinese Ambassador FEI Shengchao spoke in detail about the importance of the relationship between Somalia and China; specifically, about cooperation in the field of fisheries and the Blue Economy, underlining that China is one of the countries that have close relations with Somalia as far as fishing is concerned.

"Why blue economy is important to Somalia? It doesn't need much explanation because Somalia and China have been brothers and sisters for centuries."

"The Somali leadership has demonstrated strong commitment to progress and resilience demonstrating that a bright future for the country is possible. However, as we all know climate change threatens the growth and the competitiveness of key productive sectors in Somalia," head of USAID Sheri Nauane Duncan-Jones said.

At least 1.48 million people have been displaced in Somalia so far due to the impact of floods.

The conference was held and concluded in Mogadishu on Sunday, November 12 at the Halane Center.