PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

603088

Primary Business Area

Other

Disclosure Date

Oct 23, 2019

Country

Federal Republic of Somalia

Region

Africa

IFC Approval Date

Jan 30, 2019

Status

Completed

Estimated Total Budget

$3,950,000.00
(Project budget includes all project-funded activities)

Last Updated Date

May 31, 2024

Project Estimated Start Date

Dec 31, 2018

Project Estimated End Date

Dec 31, 2022

Project Description

The Somalia Unlocking Sectoral Investments Project (SUSIP) is one of the projects under the broader umbrella program, Somalia Investment Climate Reform Program (SICRP) which aims to support reforms to improve the quality of the business environment and investment climate in Somalia. The SUSIP specifically aims to facilitate growth and investment in prioritized sectors and localities by addressing the key sectoral gaps in policy, regulatory, administrative and institutional frameworks inhibiting private investment in Somalia. This project will focus on helping in setting up the regulatory and institutional foundations to help open-up for investment and generate investments in the Energy and ICT sectors, coupled with the help to the government to facilitate, target, and provide aftercare for the relevant investors by building the necessary institutional foundations.

Development Results

E&S Risks / Impacts and Mitigation