Somali Diaspora Conference Minneapolis | 22/09/17
INVESTING IN SOMALIA’S DEVELOPMENT The Investing in Somalia’s Development diaspora conference will bring together representatives from NGOs, government agencies, the private sector, academics, innovators, and many more to increase the engagement of the diaspora community and generate more productive investments into Somalia.
This conference will focus on facilitating discussions to strengthen diaspora engagement and finding practical solutions to challenges so that the diaspora and others can Invest in Somalia’s Development in the most effective, efficient way possible.
SOMALIA ON THE RISE
Once considered an environment too risky for development, the nation of Somalia has turned a corner and is demonstrating the resilience and fortitude of its people. Following years of conflict and other challenges, Somalia’s economic recovery is gathering pace. Recent political and development successes – including the peaceful democratic election of President Mohamed Abdullahi Mohamed – have created a springboard for economic growth and, along with it, increased prosperity and security. Up to 2 million Somalis living abroad currently inject an estimated US$1.3-2 billion into Somalia’s economy per year, serving as a critical underpinning for the country’s future success. Many Somali diaspora members also have the potential to make high-value investments that can take Somalia from aid recipient to trade partner. At the same time, the diaspora community has played a critical role in supplementing Somalia’s resource constraints by contributing to efforts that build the capacity of businesses and individuals who are still based in-country.
$2 Billion
Over 2 million Somalis abroad inject an estimated
$1.3-2 Billion into Somalia per year.