Somalia Livestock and investment forum 2023
Livestock is the most dependable sector of Somalia’s productive sectors. According to the National Development Plan, Livestock is the main repository of household and national wealth, and the export-oriented pastoralist production system provides an important investment opportunity. In the early 2010s, the livestock sector accounted for around 78% of total exports though these have been occasionally interrupted by droughts and
international export bans in the last three decades. Somalia’s livestock products for consumption and export are Camel, Cattle, Sheep, Goat, and Fish. Livestock provides a source of income, while home consumption of meat and other animal products represents an important source of food security.
According to the Directorate of National Statistics (DNS) at the Ministry of Planning, Investment Economic Development (MOPIED), exports in current prices amounted to 806 million US Dollars in 2016. Livestock continues to account for 60.7% of GDP and over 70% of exports.
The Ministry of livestock, forestry, and Range (MOLFR) will organize The First Somalia Livestock Investment Forum LIF2023 in Mogadishu, Somalia. LIF2023 event aims to bring together key sector stakeholders into one large platform full of expertise, investors, researchers, policy makers, as well as other wider well known livestock industry promotors to discuss, debate and talk about the investment opportunities and challenges in Somalia’s livestock as well as develop strategies for promoting sustainable growth in the sector. Hence identifying areas of collaboration andinvestmentinSomalia.
The forum will also raise awareness about the potential of the Somali livestock industry contributing to the country’s economic development and promote the sector as a viable investment opportunity for both domestic and international investors.
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About the Event
The three (3) day long event will take place in Hotel Jazeera, located next to the AAIA, Mogadishu, Somalia, attracting ever 400 delegations from all over the world, with increased investment, smart regulation, infrastructure development, sector coordination, and improved branding, Somalia has ample opportunities to capitalize on the growth of the livestock sector in the Middle East and other regions of the world, while supporting the growing local demand.