Somaliland: “Though Investment is Risky Business my Country Assures Returns” says SLCCIA

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Chairman of the Somaliland Chamber of Commerce Mohamed Shukri Jama  address to the UK SL investment Conference

Somalilandsun — while investment opportunities in the developed countries are few and returns are small, we want to welcome you to Somaliland, a place with a growing economy, lot of investment opportunities and greater returns.
This was stated by the Chairman of the Somaliland Chamber of Commerce, Industry & Agriculture- SLCCIA Mohamed Shukri Jama during his address to the UK SL investment Conference held in London on the 14th October 2014
Below are the full excerpts of the address

The President of Republic of Somaliland, Ahmed Mohamed Mohamoud (Siilaanyo), The UK and Somaliland Ministers, Parliamentarians of countries, the business community and other dignitaries present.

Good Morning Ladies and Gentlemen.
Speaking on behalf of Somaliland business community and myself, I would like to thank the UK Government for agreeing to hold this event in London (The financial capital of the World). I would like to specially thank the UK minister for Africa, James Duddridge and his team for supporting this event all the way. I want to also thank DMA and its Chief Executive Mr Atam Sandhu for organizing this event in such a professional manner and for giving us a chance to meet so many global investors. I can’t forget Somaliland head of mission to the UK Mr. Ali Aden Awale and preparatory team for their untiring effort and guiding us to come here. To the investors, I have no suitable words to describe my feeling towards you, but let me say, thank you for giving us your precious time. I can understand how busy you are and the sacrifices you have made to attend this event. I promise we will share with you many investment opportunities available in Somaliland.

Local Companies among UK Somaliland investment Conference Sponsors

The Chamber of Commerce understands and appreciates the importance of this event. More than 45 of Somaliland’s business men and women from all sectors of trade are part of this delegation. They are the largest Somaliland business group to attend such event, thanks to leadership of President Ahmed Mohamed Mohamoud (Silanyo) and his cabinet.

Ladies and Gentlemen,
The establishment of the Chamber of commerce goes back to 25the Oct 1993 under public law No: 35. As an independent entity owned by Somaliland business community,

Our vision is to strive new bonds of commercial and investment cooperation between Somaliland’s business community and rest of the world.
We offer guidance and assistance to the Somaliland business community and the investors as well through providing market information and organizing fair shows events and also trade directory annually. We protect for our members their names and brands.

The organizational chart is the General Assembly at the top, board of directors, Executive committee including chairman, two vice chairman, another four members and Secretary General.

We divide our members into five sectors depends on their categories and we have representatives in the main regions.

As our President has described now, there are so many hidden investment opportunities in Somaliland, which the time I have been given will not permit me to specify, but we have here a good number of Somaliland’s business leaders who are ready to go through many of these investment opportunities.

In conclusion, I believe while investment opportunities in the developed countries are few and returns are small, we want to welcome you to a place with a growing economy, lot of investment opportunities and greater returns.

As businessman, I know there are always some investment risks. So, I would like to remind you that the real businessman is always a risk taker, because the higher the risk in business, the greater the potential financial reward.

So I want to say loud and clear, those of you who are brave enough to invest early in Somaliland will find the deal of their lives.

We welcome you with open arms and open mind.

Thank you

Chairman of the Somaliland Chamber of Commerce Mohamed Shukri Jama address to the UK SL investment Conference

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