Senate to Strengthen Investment Law

Published: 02 Dec, 2025 20:57 Sources: S1 S2 S3 Category: Business Language: English Country: Somalia

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Somalia’s Senate unanimously approved the Somali Investment Agency Bill during its seventh session, formally enacting a law aimed at regulating and promoting national investment. Senators said the bill reflects feedback gathered during earlier readings, while the Planning Minister praised its role in strengthening Somalia’s investment environment. The session also held a first reading of the Piracy and Hostage Prevention Act, which seeks to enhance maritime security and protect economic activity along Somalia’s coastline.