95% of Somalia's job creation relies on private sector; World Bank highlights need for vibrant, inclusive private sector growth.

Somalia's private sector creates 95% of jobs, so supporting it is key to reconstruction, transitioning from fragility, and providing inclusive economic benefits. However, Somalia's productive sectors remain limited, with private businesses mainly focusing on commerce and non-tradable services. The World Bank's Somalia Country Private Sector Diagnostic emphasizes fostering a vibrant, inclusive private sector for the nation's resilient growth.

June 26, 2024
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