Mogadishu (Dawan Africa) – Somalia’s Council of Ministers on Thursday approved the Mining Bill, a legislative framework aimed at regulating the country’s mineral resources sector and attracting investment to boost economic growth.
The bill, endorsed during the cabinet’s weekly meeting chaired by Acting Prime Minister and Deputy Prime Minister Salah Ahmed Jama, is expected to create new opportunities for both local and foreign investors while promoting transparency and accountability in the extractive industry. Officials say it will also play a key role in job creation, particularly for Somali youth.
This marks a new era for Somalia’s resource sector and follows recent developments in oil and gas exploration.
In addition to the Mining Bill, ministers also passed the Private Employment Agencies Regulation. The meeting reviewed national security developments, including progress in ongoing military operations against Al-Shabaab in several regions. The cabinet praised the achievements of Somali security forces in clearing militant strongholds, describing the operations as vital to restoring stability.
