MUQDISHO (KAAB TV) – Finance Minister Bihi Cige recently presided over an important meeting with the Somali Chamber of Commerce in an effort to promote government-private sector cooperation. This conversation to enhance the partnership between the Ministry of Finance and the Chamber focused on a variety of topics, including consultations about the future income tax bill.
The summit, which emphasised the government’s commitment to increasing domestic revenue, has become a forum for discussing challenging debates on critical economic topics. Minister Bihi Cige, who led the discussions, emphasised the need of effective collaboration between the government and business organisations in promoting economic growth and sustainable development.
Minister Bihi Cige emphasised the significance of the gathering and stated that there is a need to cooperate in order to establish policies that align with the interests of the government and businesses. The income tax bill, which is set to be presented to the cabinet in the coming weeks, is a testament to the government’s commitment to implementing comprehensive reforms to strengthen the national financial structure.
The debate between the Minister of Finance and the Somali Chamber of Commerce demonstrated a shared goal for Somalia’s economic development. By promoting close cooperation, both parties hope to establish a climate conducive to business growth and investment.
Members of the Somali Chamber of Commerce expressed their delight at the opportunity to speak directly with the government about critical economic issues. They emphasised their commitment to collaborating with policymakers to ensure that the proposed law represents the demands and reality of business.
As Somalia’s economy recovers and prospers, collaborative initiatives between the government and the private sector will play a vital role in supporting long-term growth. The meeting relationship between Finance Minister Bihi Cige and the Somali Chamber of Commerce demonstrates a proactive approach to addressing major difficulties and expanding the national economy.