The International Finance Corporation’s Somalia Investment Academy

The International Finance Corporation’s Somalia Investment Academy (SOMINA), in partnership with Strathmore University Business School (SBS) – Nairobi 13 May 2024– convened professionals from across Somalia. The initiative was inaugurated by Ambassador Jabril Ibrahim Abdulle, Somalia’s Ambassador to Kenya.

Critical knowledge for navigating the investment landscape in the Horn of Africa were enabled. Essential aspects of investing in developing markets, with a specific focus on the opportunities and challenges present in Somalia and Somaliland.

Key topics covered during the programme included:

• The rationale behind investment by Development Finance Institutions (DFIs) such as IFC – International Finance Corporation & British International Investment (BII)
• Funding options and factors influencing investment decisions.
• The World Bank Group’s role in developing markets.
• Evaluating, analysing, and managing risks.
• Strategies for mitigating risk and ensuring the viability of investments.
• The impact of regulatory changes on the business environment.
• Safeguarding investments through security measures, including specific considerations for Somalia.
• Alternative methods for resolving disputes.
• Corporate governance, integrity, and risk management.
• Financial reporting and considerations related to the environment and social factors.