The organizations (that is, International Bank for Reconstruction and Development, International Finance Corporation, and Multilateral Investment Guarantee Agency), using their best efforts in the time available, have endeavored to provide high-quality services hereunder and have relied on information provided to them by a wide range of other sources. However, they do not make any representations or warranties regarding the completeness or accuracy of the information included in this report or the results that would be achieved by following its recommendations. ABOUT THE SOMALI INVESTMENT CLIMATE....

World Bank Studies are published to communicate the results of the Bank’s work to the development community with the least possible delay. The manuscript of this paper therefore has not been prepared in accordance with the procedures appropriate to formally edited texts

Somaliland is an import-dependent country, and trade affects every facet of daily life. The trade deficit of Somaliland increased from $1.7 billion in 2020 to $2.3 billion in 2021. The high reliance on cattle, the poor production of other staples like vegetables and fruits, and the limited domestic industrial capacity all indicate the country's productive structure. Berbera constitutes the main entry port of goods, coming from various countries including China, the UAE, or India, which are prominent non-African trade partners of Somaliland. Hargeisa airport and the Wajaale border customs posts are also particularly relevant ports of entry/exit. Ethiopia, Kenya, Djibouti, and Somalia, are the other key trade partners of Somaliland. Related to imports coming from Ethiopia, the import of qat is particularly relevant. Qat is widely consumed by adult men and is mainly imported from the Somali region of Ethiopia, on a daily basis. Qat duties accounted for as much as 26.7% of total customs duties in 2021. It primarily comes through from the Tog-Wajale and Kalabaydh custom posts.

The Ministry of Trade and Tourism provides oversight and supervision over the quality and quantity levels of fuel imported into the country. Fuel imports are stored at Berbera Oil Terminals and the Ministry persistently screens the volume and quality levels of imported fuel. In this regard, the Minister issues a letter of consent for any company importing fuel into the nation. This helps ensure all fuel imports are aligned with the standards set for the fuel. Additionally, that sufficient space is allocated for the imported fuel.

waxay waaxdu samaysay kormeer kaas oo bilaamay 07/09/2022 soona soona dhamaaday 15/09/2022, kormeerkaas waxa aanu ku samaynay goboladda togdheer iyo sanaag waxaanu shirar ugu qabanay dadka ka ganacsada xabagta A) Burco B) Gar-adag C) Celafawayn D) Fadhigaab E) Kal-sheekh

In the 4th quarter of 2020 the Ministry of Trade, Industry and Tourism (MoTIT) together with Shaqodoon and Spark, launched the Xogsiiye Interactive Voice Response (IVR) service. Xogsiiye provides information about how to register and license a business, access to financial services, access to business development services, and information about tourist sites and planning.

There is a very diverse understanding of the crafts sector, depending on the country, the historical and context-specific development in recent decades, and the national conditions. As a result, the sector developed and is still developing in a different way in each country. Crafts are important and have a long tradition in Somaliland.

In light of the present COVID-19 crisis, Somaliland’s Ministry of Trade, Industry and Tourism (MoTIT) has taken the initiative to monitor the evolution of fuel retail prices and exchange rates. The price of fuel in international markets has plunged in the past months due to the virus-driven crisis. Somaliland is dependent on fuel imports for energy supply and the decrease in global fuel prices is likely to impact the country’s economy and employment. Consequently, it is essential to pay close attention to how the change in global fuel prices affects Somaliland’s economy. In addition to prices, the MoTIT considered relevant to analyse the exchange rates applied by fuel retailers.

Somaliland aims at promoting sustainable growth through increased trade integration with its main trading partners. To this end, the government is implementing laws, regulations and policies that can remove trade barriers and provide a better business environment for local producers, traders, and logistics companies that can help upscale Somaliland’s position in the Horn of Africa.

On April 2,2022 a fire broke out in Waaheen, Somaliland's primary market and one of the largest in the Horn of Africa area, where hundreds of people trade every day. The Somaliland Fire Contingent effectively doused the fire after more than 16 hours.