After applying for re-admission into the Common market for Eastern and Southern Africa E(COMSA), Somalia is now seeking for sectors where the formally fragile state can invest in the bloc.
Ahmed Abdirahman Sheikh Nur the Charge de Affairs at the Somalia Embassy in Lusaka Zambia said that his country is interested in investing in sectors such as fisheries and livestock, among others.
The diplomat made the revelation during a courtesy visit to the COMESA Secretary General Chileshe Kapwepwe at the COMESA Secretariat in Lusaka Zambia.
According to a statement from COMESA head offices, the two-discussed regional integration and possible areas of investments that Somalia can venture into within the bloc.
The Somalia Diplomat noted that Somalia has over 50 million heads of cattle and therefore stands to contribute greatly to the leather sector in the region and beyond.
“As we get readmitted to the Common Market, we wish to invest in various sectors such as fisheries, infrastructure and livestock. With over 50 million animals in our country, we are sure we can help boost the livestock sector and help the leather sector,” he said.
In welcoming the diplomat, Secretary General Kapwepwe said she looks forward to Somalia fully completing the re-admission process to the Common market. She said COMESA is ready to provide a platform for Somalia to look for potential investment areas in the various sectors.
The Secretary General indicated that supporting Somalia’s investment portfolios in the region will help spur job creation among the youths and women in the region especially that COMESA is supporting investments which are aligned to value addition to the raw materials.
“We look forward to the finalisation process of your readmission to the Common market which shall make you a full member and enjoy the benefits of belonging to the grouping,” Kapwepwe said in the statement.
The Somalia government will soon appoint a new ambassador to Zambia who will also be the Permanent Representative to COMESA.
Currently, COMESA has 16 member states stretching from Northern Africa to the Southern region of the African Continent