PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

604291

Primary Business Area

Other

Disclosure Date

Nov 11, 2020

Country

Federal Republic of Somalia

Region

Africa

IFC Approval Date

Apr 29, 2020

Status

Active

Estimated Total Budget

$928,062.00
(Project budget includes all project-funded activities)

Last Updated Date

Jan 26, 2021

Project Estimated Start Date

Apr 1, 2020

Project Estimated End Date

Sep 30, 2023

Project Description

SOMINA is an intensive and interactive executive education program custom-designed for officials working in investment-related government agencies, mid-level investment professionals and professional advisers who will play a role in attracting private sector financing in Somalia. The program, which will be certificated, will be hosted at the Nairobi campus of the awarding institution and IFC’s implementing partner, Strathmore University Business School, and will run twice-yearly over a period of three years. The program capitalizes on The World Bank Group’s track-record of engaging and/or investing in conflict-affected countries to provide course participants with deeper knowledge and understanding of the key political, commercial, operational and legal considerations that currently constrain the inflow of foreign capital to private sector-led projects in Somalia. The multi-disciplinary curriculum will be delivered by a highly-qualified team of instructors purposefully selected from specialized units across the World Bank Group, legal practice, industry and academia.

Development Results

E&S Risks / Impacts and Mitigation