Somalia, 8 October 2025 — Following Somalia’s recent integration into the East African Community (EAC), Somali entrepreneurs are optimistic about the economic opportunities within the region’s 300-million-strong population.
As the EAC’s eighth member, Somalia now has a chance to expand its market reach and integrate fully into East Africa’s economic network.
At the 2025 EAC Conference in Mogadishu, entrepreneurs highlighted potential growth in agriculture, trade, and cross-border economic cooperation.
Businessman Abdirahman Shurie was one of the many businessmen optimistic about the potential business opportunities that the EAC market offers.
“As farmers and pastoralists, we can benefit from showcasing our produce to East Africa, opening our export and import markets significantly. This will improve trade opportunities,” he said.
State Minister for Foreign Affairs, Ali Omar Balcad, emphasized the wide range of business opportunities in the regional market. “The market of 300 million people is now open to Somalia, offering opportunities for trade, employment, and education. Somali products can reach this market, benefiting from new avenues for growth and regional cooperation.”
Economists attending the conference also expressed optimism. Shafi’i Sharif noted, “Integrating Somali businesses into the EAC market could significantly boost the country’s economy. Income levels are expected to rise, potentially increasing from $2 per day to $5 or more, which would positively impact national growth.”
Somalia officially joined the EAC in late 2023, marking a key milestone in its regional integration efforts. The government views membership as a step toward broader access to trade networks and stronger economic partnerships that can benefit Somali citizens.
The conference, attended by over 350 participants including business leaders and regional partners, also provided a platform to showcase Somali products and discuss strategies for expanding in the EAC market, which is expected to grow further as Somalia strengthens its regional role.