Somalia Investment Forum, March 8 - 10, 2015

Press Releases

NAIROBI, KENYA and BROOMFIELD, USA, February 27, 2015 — Hundreds of entrepreneurs and investors will be gathering for the Somali Investment Forum: Returning Capital for Growth (SIF) March 8- 10, 2015 at the Safari Park Hotel in Nairobi, Kenya. The two and half day event, co-hosted by Shuraako and the U.S. Embassy, Nairobi, will convene entrepreneurs, investors, sector experts, business development experts and other stakeholders to network, discuss Somali investing, and make investment deals.

"I've met with local private sector players within Somalia, as well as diaspora communities from around the world, and the response has been extremely positive," said Shuraako Director Lee C. Sorensen. "There is enthusiastic anticipation for this event, because all agree that an improved business climate is a crucial building block for growth, development and overall prosperity. Building a strong business ecosystem requires intelligent evolution and many of the architects of this evolution will convene at the forum."

Research shows that micro, small, and medium-sized business can account for 97 percent of all jobs in a developing or post-conflict economy. New and expanding business ventures offer a promising solution to economic struggles in Somalia, where unemployment rates are above 60 percent and youth unemployment is near 70 percent. 

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