We’ve lifted barriers to foreign investment, Somalia PM Hamza Barre says

Somalia has removed a number of investment screening regimes that barred deployment of capital, giving foreigners the green light to wholly own their investments, repatriate capital and enjoy full protection in the country.

Somalia Prime Minister Hamza Abdi Barre said trade and investment restrictions arising from foreign investment regimes, cause output losses of about two per cent, hence Somalia’s decision to enact the Investments and Investors Protection Law, 2023, to attract foreign capital.