Somali Chamber of Commerce and Industries to reopen soon
Somalia’s Trade and Industries Minister, Abdiwahab Ugas Hussein.
The Somali Chamber of Commerce and Industry will be reopened in Mogadishu soon after it ceased to exist due to the collapse of Somalia’s central government earlier in 1990s.
Somalia’s Trade and Industries ministry said the Chamber will soon be functional to make Somalia a business-friendly environment and encourage new entrepreneurs to come up with new ideas including creating new business opportunities and promoting global competitiveness of Somalia-based businesses.
In an exclusive interview with Bar-kulan, Trade and Industries minister Abdiwahab Ugas Hussein said that his ministry will host a meeting in Mogadishu on January 10, this year to chat the way forward in reviving the Somali Chamber of Commerce and Industry.
He said the meeting will bring together business operators from in and outside the country.
The Chamber which came into being with the enactment of Law No. 38 on 30th July, 1970 provided a guideline for the Somali business community but unfortunately ceased to function immediately after the fall of Somalia’s central government two decades ago.
The Chamber used to issue commercial documentation such as Certificates of Origin and other shipping documents as well as researching on management challenges faced by the local businesses in the country.
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