two-day investment conference on Somaliland is expected to kick off in the Kenyan capital, Nairobi, Somaliland authorities said.
Somaliland administration, through its Liaison Office in Nairobi, said the conference which will start on Friday is aimed to attract foreign investors.
According to Somaliland Standard, a local media based in Hargeisa town, the region is targeting top Kenyan and East African investors to come to Hargeisa and Berbera towns.
Bashe Omar, the Somaliland representative in Kenya said the top leaders from the Kenyan and Somaliland will grace the day-long investment forum, which will be used to showcase the investment opportunities available in Somaliland.
“We want to use the forum to open up Somaliland to Kenyan and East African investors,” Bashe Omar, the Somaliland envoy to Kenya said.
According to a statement, Bashe says this will be the biggest investment forum to be staged by the Somaliland government in Africa.
“There are so many areas we can work together with Kenya and East African countries. We are looking to have Kenya export its commodities to Somaliland as we also export our livestock to Kenya,” he added.
Somaliland is also seeking to have direct flights between Nairobi and Hargeisa which according to Bashe will increase trade and interaction between citizens of the two sides. Kenyan Airways has already shown its willingness to fly to the capital of Somaliland, Hargeisa.
Kenya and Somaliland are expected to sign a Memorandum of Understanding that will open up trade between the Berbera Port (Somaliland) and the Port of Mombasa.
“The cooperation between Kenya and Somaliland will see trade between the two countries grow. “We will also work on improving security in the region and empower the hundreds of thousands of youth some of who are looking for opportunities to invest or further their education,” observed Bashe.