How Somalia is removing barriers to foreign capital

Somalia has removed several investment screening regimes that barred the 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 that trade and investment restrictions arising from foreign investment regimes cause output losses of about two percent, hence Somalia’s decision to enact the Investments and Investors Protection Law, 2023 to attract foreign capital.