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Micro, Small and Medium Enterprises (MSME) Policy, 2019

País/Territorio
Somalia
Tipo de documento
Fecha
2019
Fuente
FAO, FAOLEX
Materia
Agricultura y desarrollo rural, General
Palabra clave
Desarrollo agrícola Negocios/industria/corporaciones Fortalecimiento de la capacidad Medidas fiscales y de mercado Gobernanza Política/planificación Comercio interior Participación público privada (PPP)
Área geográphica
Africa, AFRICA FAO, Africa Oriental, Océano Índico, Países menos Desarrollados, Mar Rojo Golfo de Adén, Sahel
Resumen

Micro, Small and Medium Enterprises (MSMEs) play a key role in the growth and sustainability of Somaliland's economy. MSMEs are core to the emerging private sector in Somaliland and constitute the base for private sector led growth in the country. According to Somaliland's Vision 2030 and the 2nd National Development Plan (2017-2021), the country's susceptibility to climate change shocks poses long term risks to the Country's traditional economy dominated by the livestock industry. The country therefore needs to leverage its MSMEs to drive economic diversification with a focus on value addition for exports, import substitution, provision of services to other countries in the region, and others to achieve long-term growth. The Policy is also oversee a recognition of the vital role of the informal economy in development. The Vision 2030 essentially recognizes that MSMEs play a vital role to national development. Hence, the Policy seeks to create a well-developed private sector that provides investment, employment, sustained livelihoods and vital services to strengthen the economic foundation of peace. The guiding principles of the Policy include; • Access of key MSME stakeholders, across all sectors of the economy, to Government through Somaliland's Public Private Dialogue (PPD) platforms. • Support for development of an inclusive economy that benefits all citizens of Somaliland. • Creating full and fair opportunity for all, including marginalised groups and disadvantaged regions of the country. • Appropriate formalisation of the large informal sector leading to a well facilitated and supported formal economy that provides quality employment for the citizens of Somaliland. • Support for development and creation of an open market and competitive MSME sector and economy. The vision of the Policy is a vibrant and dynamic MSME sector that is competitive, innovative, technology driven, environmentally sensitive and contributing to sustainable national development and elimination of poverty. The overall objective of this policy is to support creation of new MSMEs, facilitate formalization of informal enterprise and to nature and strengthen existing enterprises to ensure realization of their full potential. The specific objectives include; 1. Support formalization of informal enterprises by streamlining and rationalizing business registration services at the Ministry of Trade, Industry and Tourism and across other MDAs, creating awareness about business opportunities and sharing information. This will enable growth of the formal economy and reduction of Somaliland's large informal sector; 2. Promote potential high growth sub-sectors of the economy and sector-specific initiatives to support diversification of the economy from the current high dependence on livestock and general trade; 3. Support and promote transformation of MSMEs from trade and commerce towards production, value addition and industry and utilization of local raw materials to develop high value products. Encourage production and export of value added products; 4. Promote and support development of MSMEs with emphasis on value chains with high potential for quality employment creation and production for both domestic and export markets. Identify and support development of promising value chains where MSMEs are predominant; from input supply to processing and export of final products; And 5. Promote and facilitate MSMEs with high potential for employment creation to address the big youth employment challenge which Somaliland faces. The Policy strategies include to; Create an Enabling Environment for Growth and Sustainability of MSMEs; encourage entrepreneurship, Enterprise Culture and Skills Development; enable access to finance; enable market access and facilitation, among others.

Texto completo
Inglés
Página web
www.somalilandlaw.com