October 3, 2012 ·7 Comments
Britain recently reaffirmed its pledge to spend 0.7% of gross-national income on aid by 2013, with the biggest announced increase in aid for Somalia – a 208% rise planned between 2010 and 2015. A proportion of this increase will go to a new Somaliland Development Fund, set up jointly with the Danish agency DANIDA, and to increasing investment, especially from the Somali diaspora.
As part of Somali Week Festival 2012, this panel discussion will address the development and investment opportunities in Somaliland, and explore different pathways for a sustainable future for Somaliland. Speakers will include:
* Mohamed Yusuf, Chair and CEO of Invicta Capital, who will provide an insight into the investment climate in Somaliland and the legal and political conditions necessary to attract foreign investment
* Sarah Metcalf (TBC) who will give a presentation on DFID’s work in Somaliland and will focus on the importance of the British – Danish initiative, the Somaliland Development Fund, for Somaliland development and the Somaliland National Plan
* Aly Verjee, Rift Valley Institute, will discuss potential lessons for Somaliland from recent South Sudan experience of a pooled donor fund
* Mahamed Aden, PhD Candidate at Goldsmiths College, University of London, will conclude the event with a brief contribution
The event will be chaired by Richard Dowden of the Royal Africa Society.
Somali Week Festival runs from 19 – 28 October 2012, with the aim of sharing experiences, showcasing artistic excellence and linking Somalis in the Horn of Africa with those in the diaspora, as well as with interested non-Somalis.
As well as Somali Week Festival, Kayd Somali Arts and Culture,organises the Mooge Festival, incorporating the Hargeisa International Book Fair, the ‘Horn of Africa’s answer to Hay-on-Wye’: