KEMMCOM Media and Communications

European investor backs Somalia’s private sector

By: STAFF WRITER
Published On: 22 MARCH 2023

Despite decades of conflict and being one of the world’s toughest business environments, Somalia has managed to maintain a growing private sector that generates an estimated more than 90% of the country’s GDP. In many cases, the private sector has filled roles typically held by public institutions, such as the provision of financial services, security and education.