Mogadishu, November 8, 2018 – By 2021, foreign investment will add an estimated US$560 million to Somalia’s GDP, an increase that would’ve been impossible to predict few years ago.
This dramatic acceleration in pace of foreign investments in Somalia can be attributed to the Somali government’s all out war against corruption Led by president Farmaajo, Pm Khayre and finance minister Dr. Bayle
Somalia is clearly on the road to economic transformation fast track, this resource rich nation’s development has been hampered by corruption and to an extent by difficulty in getting a conviction against corrupt officials.
But in the last year the current administration swiftly moved against corrupt officials resulting in more than two arrests, indicted on more than 15 counts of corruption against the State.
Transparency International corruption perceptions index 2019 Somalia is expected to move fifty places up from the bottom where it currently sits.
The somali commoner couldn’t care less about the perceptions of the world, they care about concrete actions that will stamp out corruption and improve their daily lives, said a street vendor in Mogadishu’s suuq bacaad markets.
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