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UN pledges to help Somali young innovators develop dairy industry



MOGADISHU, Oct.10 (Xinhua) — The United Nations and Somalia on Tuesday pledged to help young entrepreneurs develop technological solutions for the dairy industry in the country.

Speaking at the end of a seven-day Social Innovation Camp that ended in Mogadishu, Deputy Special Representative of the UN Secretary-General for Somalia, Peter de Clercq challenged the youth to come up with practical solutions to social and economic issues facing the country.

According to a statement from the UN Mission in Somalia (UNSOM), De Clercq expressed his satisfaction with the ideas presented, saying it was testimony that simple and innovative ideas can be used to address real local problems.

“We have to see how we can support people like you with all these amazing ideas and see how we can push forward and put them into practice and make them contribute to the economy of this country,” he said, pledging continued UN support.

The UN-backed first ever “Innovate for Somalia” social innovation camp brought together 40 young Somali men and women who brainstormed on best business ideas to improve the dairy industry.

The participants received mentorship and incubation support from UNDP to help firm up their business ideas.

The social innovation event is being run by two ministries is part of a series of innovation camps which will be held across Somalia and which will give young Somalis between the ages of 19 -30 a chance to come up with innovative solutions to address development challenges in Somalia.

Somalia’s Minister for Planning, Investment and Economic Development, Gamal Hassan lauded participants for their innovative drive, pledging more support to ensure their proposals become reality.

“We have been working with the UN in Somalia to make sure that together we give you an opportunity to come up with solutions and ideas that can benefit the country and all of us. We are together in this and we will give you all the support that you need,” Hassan stated.

Over the next three months, participants will receive mentorship and incubation support from UNDP to help firm up their business ideas.

“The next three months we will be in the incubation phase, transforming these ideas into businesses and developing their business models. It will be followed by a pitching event for investors,” said Sherif El Tokali from UNDP Innovate Somalia.

The Innovation Camp, the first of its kind to be held in Somalia, focused on the dairy industry – a sector critical to the country’s economic growth, but that still struggles with many challenges such as poor storage facilities, disease outbreaks and lack of animal feed that prevent the industry to reach its full potential.

The business proposals presented will be fine-tuned with the help of experts before being implemented as workable solutions.

The skills learned during the Camp, such as design thinking, creative problem solving, prototyping and testing, will be valuable transferable skills that can be used to advance the dairy industry, as well as other sectors in Somalia.

Such initiatives enable Somali Youth to focus on local solutions, helping them to create jobs and to support economic development.

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DP World says Djibouti incident could hurt Africa investment



DUBAI (Reuters) – Port operator DP World said on Thursday that Djibouti’s decision to seize control of a terminal project could hurt African efforts to attract investment.

The Dubai state-owned port operator is facing twin political challenges in Africa.

Djibouti abruptly ended its contract to run the Doraleh Container Terminal last month and Somalia’s parliament voted this week to ban the company.

DP World has called the Djibouti move illegal and said it had begun proceedings before the London Court of International Arbitration, which last year cleared the company of all charges of misconduct over the concession.

“Africa needs infrastructure investments and if countries can change their law [to take assets then this] is going to basically make it more difficult to attract investment,” Chairman Sultan Ahmed bin Sulayem told a news conference in Dubai.
DP World reported 14.9 percent rise in 2017 profit to $1.18 billion profit and said that it would invest $1.4 billion across its global portfolio including in Berbera in Somaliland. [L8N1QX0F2]

It is developing a port in Berbera in partnership with the governments of Somaliland and Ethiopia. It is also developing a greenfield free trade zone in the breakaway region.

Bin Sulayem said he was not concerned by the vote in Somalia’s parliament to ban DP World from the country, which the parliament said nullified their Somaliland contract.

It is unclear how Somalia’s federal government could enforce the ban given Somaliland’s semi-autonomous status.

Europe, the Middle East and Africa accounted for about 42 percent of the cargo DP World handled in 2017.

Reporting by Alexander Cornwell; editing by Jason Neely

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INTERVIEW: Somalia gears towards improving its monetary policies



CGTN — Somalia’s central government imposed a five percent sales tax this month as part of efforts to win billions of dollars in international debt relief. This was followed by protests in Mogadishu’s main market by traders opposed to the tax. CGTN’s Abdulaziz Billow sat down with the country’s minister of finance who shed more light on the country’s monetary policies

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Somalia Tax Argument From Both Sides: Bakara Traders vs The Government



Somalia’s busiest and largest open-air market in Mogadishu has been closed for the past two days.

Business owners in Bakara market are protesting over a five percent tax imposed by the government, in an effort to pay back some of its international debt.


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