Posts by category: Economy


World Bank Highlights Critical Role of Private Sector in Somalia's Economic Resilience

The World Bank underscores the essential role of the private sector in Somalia's development, with private businesses accounting for 95% of total jobs. The report urges focused efforts on growth, job creation, and enhancing economic opportunities to support the country's reconstruction and transition. Despite resilience, productive sectors remain subdued, necessitating policy reforms and investment in finance, energy, transport, and ICT.
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