By Goth Mohamed Goth
The President of the Republic of Somaliland, H.E. Abdirahman Mohamed Abdullahi Cirro, today participated in the Somaliland Small and Medium Enterprises (SMEs) Development Conference. The conference, held at the Ambassador Hotel, was organized by the Ministry of Trade and Tourism.
The main objectives of the conference were:
- To establish a clear national consensus on the importance of small and medium enterprises (SMEs) for the economic growth of our people.
- To scientifically analyze the various challenges facing SMEs.
- To strengthen collaboration between entrepreneurs, advisory institutions, and financial institutions.
In his keynote address, the President of Somaliland emphasized that the Waddani-led government is fully committed to intensifying efforts to strengthen the country’s economy and ensuring that development is inclusive across all economic sectors.
Speaking on the national significance of SMEs, the President stated:
“Small and medium enterprises have played a pivotal role in the progress of our nation throughout its history. Today, they form the backbone of Somaliland’s economy. They significantly contribute to both the national budget and the budgets of local municipalities.”
The President highlighted that SMEs face numerous unresolved challenges, including difficulties in accessing financing and credit, as well as regulatory and administrative hurdles that sometimes impose excessive restrictions on small and medium businesses.
He assured that the government would take action to address these challenges, stating:
“We believe that business is the path to the nation’s progress and prosperity. Therefore, we will conduct a thorough review and remove any obstacles that hinder the growth of small and medium enterprises.”
President Abdirahman Mohamed Abdullahi expressed hope that the conference would yield tangible outcomes reflecting the shared vision of creating policies, knowledge, and financial frameworks to strengthen SMEs in the Republic of Somaliland and overcome existing challenges.
In conclusion, the President directed the Ministry of Trade and Tourism, along with other relevant business institutions, to increase public awareness campaigns. These efforts aim to encourage citizens to actively engage in investment culture and entrepreneurship, both in practice and skill development.
