MOGADISHU – A Somali delegation has held high-level talks with the United Nations Technology Bank for the Least Developed Countries, focusing on expanding support for Somalia’s economic development agenda and long-term recovery efforts.
The meeting brought together senior officials from Somalia and the Director of the UN Technology Bank, Mr. Deodat Maharaj, and was also attended by Somalia’s Minister of Commerce and Industry, Jamal Mohamed Hassan.
Discussions centered on Somalia’s national priorities in rebuilding key sectors of the economy, particularly through innovation, technology transfer, and capacity building.
Officials reviewed ways to strengthen cooperation between Somalia and the UN Technology Bank to support inclusive and sustainable development.
The Somali delegation highlighted the urgent need for practical and targeted support to accelerate economic recovery after decades of conflict and institutional challenges.
They emphasized that strengthening the private sector is essential for national stability and growth.
A major focus of the talks was the development of small and medium-sized enterprises (SMEs), which are widely regarded as the backbone of Somalia’s economy.
Both sides agreed that improved access to finance, skills development, and digital tools would significantly enhance SME performance and competitiveness.
The discussions also explored mechanisms to strengthen cooperatives in order to support community-based economic activities and improve productivity at the local level.
The Somali officials stressed that many businesses still operate informally and require structured systems to enable sustainable growth and job creation.
Agriculture was identified as one of the most important sectors for Somalia’s economic transformation, with significant potential for food security, employment, and exports.
Both parties discussed the need to modernize agricultural production through improved technology, irrigation systems, and supply chain development.
The Somali delegation also underscored the importance of reviving local industries that previously played a key role in national economic output.
Industrial revitalization was described as essential for reducing import dependency and increasing domestic production capacity.
Mr. Deodat Maharaj reaffirmed the UN Technology Bank’s commitment to supporting least developed countries, including Somalia, in building science, technology, and innovation ecosystems.
He noted that partnerships with national governments are critical for translating technical assistance into real development impact.
The meeting also placed strong emphasis on digital transformation as a cross-cutting priority for governance, service delivery, and private sector growth.
Both sides acknowledged that digital technologies can improve efficiency, transparency, and access to markets for Somali businesses.
The Somali delegation called for increased international cooperation, technical assistance, and investment in innovation-driven initiatives to support national development goals.
They reiterated that capacity building and skills development are key to empowering youth and entrepreneurs across the country.
The talks concluded with a shared commitment to deepen cooperation in areas that support inclusive economic growth, job creation, and sustainable development in Somalia.
Both parties expressed optimism that strengthened collaboration will contribute to Somalia’s long-term economic resilience and transformation.
