Somaliland UK Trade and Investment – Virtual event on stability and sustainable development- EVENT SUMMARY

DMA and Guul Group partnership

Somalilandsun: On 11th November, DMA hosted their first engagement with the government of Somaliland since 2014, in partnership with Guul Group. With a prominent panel this event explored Somaliland’s trade and investment potential, as a vibrant and attractive market for FDI.

Somaliland UK Trade and Investment – Virtual event on stability and sustainable development a DMA and Guul Group partnership

The virtual Event supported by DP World, Rio Architects and the Ambassador Hotel pooled over two hundred participants from within and all over the world among them citizens in the Diaspora and international investors intent on the Somaliland market. read more

Somaliland and the UK:Stability and Sustainable Development

EVENT OVERIEW

On 11th November, DMA hosted their first engagement with the government of Somaliland since 2014, in partnership with Guul Group. The event can be watched On Demand and via YouTube.

This marked DMA’s 120th event, with over 200 registrants and four cabinet ministers. Opened by Stuart Brown, Head of the British Office in Hargeisa, and HE Abdi Hersi, Head of the Somaliland Mission in the UK, the event featured Lord Sheikh and the Minister for Investment Promotion, Hon. Mohamed Ahmed Mohamoud (Awad). read more

Africa Investment Conference

About the event

One year on from the UK-Africa Investment Summit hosted in January 2020, the UK Department for International Trade is proud to organise the Africa Investment Conference, bringing together UK and African businesses to discuss emerging and relevant themes around doing business in Africa, and to connect UK companies to opportunities of today and tomorrow across the continent.

Despite the current global economic context, the UK’s ambition to be Africa’s investment partner of choice has never been stronger, and strengthening investment relationships will be central in recovering from the disruption caused by the international COVID-19 pandemic. read more

Somaliland Virtual Trade and Investment Event

Guul Group in partnership with the Somaliland Ministry of Investment Promotion and DMA is pleased to announce the virtual event, Somaliland and the UK: Stability & Sustainable Development’ on 11th November 2020 09:00-11:00 GMT. Aimed at strengthening engagement with the UK, it will explore Somaliland’s well-established stability, extraordinary potential and the government’s commitment to foreign direct investment.

With keynote address from Lord Sheikh, Baron Sheikh of Cornhill in the City of London, this event would feature Hon Mohamed Ahmed Mohamoud (Awad), Hon Dr Saad Ali Shire, Minister of Finance, the Stuart Brown, Head of British Office in Hargeisa, Abdi Hirsi, Head of Mission in London, other senior  Somaliland government ministers, Sir Henry Bellingham (former Minster for Africa) and the private sector from UK and Somaliland. read more

6 reasons to invest in Africa – World Economic Forum

Construction sites are seen below the skyline of Johannesburg's upmarket Sandton suburb, February 5, 2016.

Image: REUTERS/Mike Hutchings

The conversation about Africa is shifting from one of “deficits” and “gaps” to one about opportunities, prospects, ventures and creativity. That’s not news to companies that have paid close attention to the continent and invested there. The fast growing youth population, the urbanization expected to drive over 50% of Africans to cities by 2050, and Africa’s formalizing economy are all well known. These trends and other developments have driven a half century or more of growth in Africa, and will continue to do so. read more

Africa and the United Kingdom: challenges and opportunities to expand UK investments

Research reports and studies

January 2020 Maximiliano Mendez-Parra, Sherillyn Raga and Lily Somme

This report highlights the opportunities and challenges facing UK firms when investing or conducting business in Africa, with a particular emphasis on the non-extractive sector. It highlights the mutual benefits for Africa, in terms of economic transformation and growth, and for the UK, in diversifying investments in rapidly expanding markets. The study draws from data on UK investments in Africa, and information provided by more than 75 UK companies operating in Ghana, Kenya, Nigeria and South Africa. read more

Horn of Africa: Guul Group to assist with Asoko Insight digital DealRoom

Asoko Insight Investment platform

Somalilandsun:”Asoko Insight is facilitating a deal room for the Department of International Trade (DIT) of the UK government to put African companies in touch with British investors.

The digital DealRoom will take advantage of Asoko’s unique data acquisition model and unrivalled corporate database of over 100,000 private African companies to support the UK’s partnership with Africa to build a secure and prosperous future for all our citizens.

This digital deal room launched at the UK-Africa Investment Summit. You may read more about Asoko’s partnership with DIT here: https://www.africa-newsroom.com/press/asoko-launches-department-for-international-trade-dit-dealroom-at-the-forthcoming-ukafrica-investment-summit?lang=en read more

Somaliland: Guul Group Targets $100m Investment in UK’s Post Brexit Africa Engagement Strategy

the CEO of Guul Group Guleid Harun Ibrahim

Somaliland sun: On 20 January 2020 the United Kingdom hosted the U.K.-Africa investment summit in London. The summit, attended by Prime Minister Boris Johnson and 21 African leaders, focused on the U.K.’s post-Brexit trade and investment relationship with African countries.

While several investment deals were announced on the sidelines of the summit between the UK and African economic powerhouses like Kenya and Nigeria, the yet to be recognised Somaliland wasn’t officially at the table, though numerous local bodies had their sights on outcome. read more

Somaliland: Ethiopia Acquires 19% Stake in DP World Berbera Port

Somalilandsun-DP World, the United Arab Emirates-based maritime conglomerate, has announced that Ethiopia will become a shareholder of the Port of Berbera in Somaliland, a crucial site for Middle Eastern trade, strategically located along the oil route.

This announcement follows an agreement that was signed by DP World and the Somaliland Port Authority in Dubai on March 1, 2018.

DP World will hold a 51% stake in the project, Somaliland 30% and Ethiopia the remaining 19%.

The government of Ethiopia will also invest in infrastructure to develop the Berbera Corridor as a trade gateway for the inland country of Somaliland, which is one of the fastest growing nations in the world. read more

Somaliland: Guul Group, Investment Ministry Facilitate TEF2018 Application Training

Guul Group, Investment Ministry Facilitate TEF2018 Application Training in Hargeisa

Somalilandsun- We will endeavor to attract such opportunities and encourage investment from individuals, philanthropist foundations and corporate companies.
This was stated by the CEO Guul Group Guleid Harun Ibrahim during a training the consultancy firm conducted in partnership with the ministry of Investment for prospective applicants to the Tony Elumelu Foundation’s TEF 2018 Entrepreneurship grant.
In attendance was the DG of Ministry of Investment Ahmed Abokor Mohammed and Director of Investment Mohammed Saleban Ilmi as well as the over 30 prospective beneficiaries of TEF 2018.
The training was held at the Investment ministry conference hall in Hargeisa
Stressing that applicants from Somaliland and Somalia were not limited to those present at the short training the Guul Group boss said the purpose was to see to it that knowledge applications are submitted thence a fair chance of competing with thousands of other Africans applying. read more