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.

Morocco and Somalia held high-level talks in Dakhla to strengthen bilateral cooperation, building on years of economic and institutional partnership. Foreign ministers Nasser Bourita and Mahmoud Abdi Hassan discussed expanding collaboration under existing agreements that promote joint committees, diplomatic training and sectoral development. The meeting highlighted Somalia’s continued support for Moroccan interests and the potential for deeper economic, investment and capacity-building cooperation as both countries seek to advance shared strategic and regional priorities.

The Nairobi Securities Exchange and the Somalia Securities Exchange signed a partnership establishing a framework for dual listings, shared regulatory standards and Shariah-compliant products. The deal includes cooperation on technology transfer, market surveillance, post-trade infrastructure and investor-education programs, supporting Somalia’s formal entry into capital markets. NSES CEO Yasin Ibar said the collaboration will expand regulated financing for Somali businesses ahead of the country’s planned 2026 bourse launch targeting telecoms, banking, real estate, energy and agriculture.

Somalia’s Ministry of Energy and Water Resources launched a tender to build off-grid solar plants with battery storage at 22 health facilities in the North Eastern State. Bidders will design, supply, install and commission the systems within eight months, followed by one year of maintenance. The project includes one 150 kW system with 300 kWh storage and 21 smaller 25 kW systems with 80 kWh storage. The tender forms part of the World Bank–backed Somali Electricity Sector Recovery Project.

Qatar Charity and Mogadishu University laid the foundation stone for the Sheikh Eid bin Mohammed Al Thani Centre for Vocational Training and Innovation in Mogadishu. The 7,000 sq m facility will train about 500 young men and women each year in technical, vocational and entrepreneurship skills. Officials said the project aims to address high youth unemployment and builds on a long partnership that has supported more than 3,600 university scholarships since 1997.

Somalia’s efforts to establish a unified national identification system have accelerated under the National Identification and Registration Authority, created in 2023 to issue secure digital IDs using biometric data. After years of fragmented records and low ID coverage, NIRA has opened registration centers, launched verification and mobile platforms, and begun mass enrollment targeting 15 million people by 2029. Officials say the system is critical for service delivery and broader state-building, but requires strong legal safeguards and interoperability.