Overview of SME’s and Cooperatives Department
The Department of SME and Cooperatives is a division under the Ministry of Commerce and Industry, Federal Republic of Somalia. This department consist two main sections responsible for promotion and expansion of the SME and Cooperative sector.
Main Objectives of the Department
Improvement of legislative intuitional framework and operational environment for SMEs.
Improvement the performance of MSEs through support of community-based enterprise development.
Coordinate, promote and support establishment of linkages and partnerships with other Ministries, Department Agencies and Private Sector to enhance values and benefits from the sector.
Initiate and formulate policies, legal and strategies for cooperatives and SME development
Facilitating SMEs to establish new and strengthen existing relationship with their counterparts overseas and generating business opportunities.
Supervise and monitor cooperatives to ensure they operate within the established cooperative laws and set objectives for the benefit of members.
Support and facilitate the development of entrepreneurship and SMEs in Somalia
Main Function of the Department
Creating policy and strategic System that supports SMEs and Cooperatives special on access to finance, Business Development Services, Market and institutional framework for SMEs Development.
The Ministry of Commerce and Industry is responsible for overseeing commercial and industrial activities for the State of Somalia, directing these activities in accordance with the requirements of national development.
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Mohamud Harbi Road, Warta nabada, Mogadishu – Somalia