The following are the functions of the Department of Investment

  • Formulation, implementation, monitoring and evaluation of policies, procedures, guidelines and regulations for supporting the investment in Somaliland including the domestic and foreign investments and investment promotion and attraction
  • Implementing the Institutional Framework for supporting investment within the department and MDAs participating in investment activities locally or abroad (in collaboration with Ministry of Foreign Affairs and International Cooperation)
  • Implementation and monitoring of policies for attracting investment in Somaliland in collaboration with relevant MDAs
  • Preparing and implementing strategies and programmes for attracting domestic investment in Somaliland in collaboration with relevant MDAs
  • Preparing and implementing strategies and programmes for attracting foreign investment in Somaliland in collaboration with relevant MDAs
  • Preparing and implementing strategies and programmes for protecting intellectual property rights for local and foreign investors participating in Somaliland
  • Promoting Somaliland as a conducive environment for domestic and foreign investment
  • Preparation and implementation of the five (5) year strategic plan and budget for the department.
  • Preparation and implementation of a comprehensive monitoring and evaluation system and tools for the Department
  • Preparation and implementation of the capacity development for all staff based on the needs assessment and in-line with the Civil Service Commission (CSC) guidelines and requirements.
  • Preparation of the annual financial estimates in consultation with the heads of sections
  • Coordinating the formulation of the department’s risk management framework, risk profiling, risk reporting and monitoring.