Saturday, April 4, 2020

Somali PM pushes for better relations with private sector

Must Read

President Trump impeachment articles delivered to Senate for trial

The articles of impeachment charging US President Donald Trump with abuse of power and obstruction of Congress were delivered...

US soldier killed in Kenya is identified after Alshabab attack that left 3 Americans dead

 A U.S. Army specialist killed with two other Americans in an attack Sunday by al-Qaida-aligned militants in...

3 Americans killed in Al-Shabab attack at Kenyan military base

One U.S. service member and two American Department of Defense contractors were killed in a terror attack...
- Advertisement -

Somali Prime Minister Hassan Ali Khaire called for improved partnerships with private sector to help stabilise the country as global leaders marked the World Economic Forum.

Leading a Somali delegation for the first time to the summit in Davos, Switzerland, Prime Minister Khaire praised Somalia’s private sector for helping rebuild the country that was plagued by war.

- Advertisement -

“Despite considerable challenges, Somalia’s private sector has continued to provide critical services in the survival and recovery of the Somali people,” he said.

Prime Minister Khaire held bilateral meetings with world leaders and executives of international institutions to safeguard the country’s future.

REMITTANCES

- Advertisement -

One strategy that has facilitated the revamp of the country’s economy is diaspora remittances.

During the annual summit that ran from January 23 to 26, speakers highlighted the importance of remittances as vital sources of income for poor people living in East Africa.

Mr Abdirashid Duale, the chief executive of Dahabshiil – Africa’s leading money transfer company – said the company will continue to support any agenda that will help improve the livelihood of the impoverished in Africa.

“Dahabshiil will continue working with Africans for Africa’s growth.

“We will work towards improving technology in all sectors; be it in agriculture or business so as to help Africans achieve more,” Mr Duale said.

POVERTY

Remittances play a significant role in the economies of African nations.

Mr Duale observed that Africa’s success is critical to global stability and international partnerships are needed to build a global consensus on remittances to help fight poverty and displacement.

He further welcomed efforts by the World Bank and the UN to adopt the Global Compact for Safe, Orderly and Regular Migration resolution.

Under the theme “Creating a Shared Future in a Fractured World”, the forum attracted powerful leaders in business, politics, finance and media.

PARTNERSHIPS

Additionally, World Economic Forum founder Klaus Schwab said the increasing failure and inability to achieve growth calls for the development of new models for cooperation.

“Our collective inability to secure inclusive growth and preserve our scarce resources puts multiple global systems at risk simultaneously.

“Our first response must be to develop new models for cooperation that are not based on narrow interests but on the destiny of humanity as a whole,” Prof Schwab said.

- Advertisement -

Latest News

President Trump impeachment articles delivered to Senate for trial

The articles of impeachment charging US President Donald Trump with abuse of power and obstruction of Congress were delivered...

US soldier killed in Kenya is identified after Alshabab attack that left 3 Americans dead

 A U.S. Army specialist killed with two other Americans in an attack Sunday by al-Qaida-aligned militants in Kenya has been identified by...

3 Americans killed in Al-Shabab attack at Kenyan military base

One U.S. service member and two American Department of Defense contractors were killed in a terror attack on a military base in Kenya that...

Al-Shabaab jihadists attack US-Kenya military base

 Jihadists from Somalia's Al-Shabaab group on Sunday attacked a military base used by US and Kenyan forces in Kenya's coastal Lamu region,...

Somalia: Spare the civilians, Red Cross and Red Crescent tell warring parties

Mogadishu (ICRC) – The International Committee of the Red Cross (ICRC) and the Somali Red Crescent Society (SRCS) call on all armed...

MORE NEWS

FEATURED

UAE’s Mohammed bin Zayed ordered the attack that killed 90 in Somalia..

A major terrorist attack hit Somalia yesterday, right at a time when Turkey is preparing for a military operation in Libya,...

Becoming Chinese’: Meet the first Somali in the world to “become Chinese”

NO MORE NORMAL I was born in Mogadishu in 1968 and my father is an optologist, who trained in Italy. Back then Somalia...

Could Somalia become the next Texas?

The story of Somalia is being rewritten, and Texas’s oil boom of the early 20th century is a good marker for...

Somali wrongly convicted in Alpi case gets 3 mn euros

A Somali man wrongfully convicted in the Mogadishu murder of RAI reporter Ilaria Alpi and her cameraman Milan Hrovatin on Friday got three million...