The FGS Ministry of Trade and Industry, in collaboration with UNIDO and the Italian Embassy in Somalia, today jointly presented at the Ministry’s headquarters investment by various Somali Traders for the purpose of The country’s agricultural production is funded by UNUO-funded EDU’s project through which IBS Bank provides loans to investors.
The brief launch ceremony was attended by FGS Minister of State for Trade and Industry Abdulkadir Sharif Sheikhuna Maye, Director General of the Ministry HE Abdiaziz Ibrahim Aden, Italian Deputy Ambassador to Somalia, Head of UNIDO, Businessmen and Other Guests.
The investment, initiated by the Italy-Somalia Business Cooperation Forum in the country in 2019, has since resulted in negotiations between Somali and Italian businessmen with technical support from UNIDO. Gaaloge has successfully procured Six Agricultural Tractors from the famous Italian company CNH.
The Minister of State for Trade and Industry of the FGS, HE Abdulkadir Sharif Sheikhuna Maye, and the Director General of the Ministry, HE Abdiaziz Ibrahim Aden, who addressed the gathering, both lauded this great achievement and said that it was a great step forward. agricultural production, trade, job creation and overall investment in the country. They also expressed satisfaction that today the Ministry’s long-term efforts in the field of cooperation between Somali and Italian businessmen have borne fruit.
