Ministry of finance development conduct fruitful brainstorming session


Hargiesa, 25 09,2019 (WHM) Somaliland ministry of finance development conduct fruitful brainstorming session with regard government budget for the fiscal year 2019-2020 participated by a number of government various ministries. The session hold in ministry of finance development.

All government ministries and independent agencies will attend this brainstorming sessions.

Somali-land ministry of finance has introduced a new Somali-land finance management information system.

Tax awareness campaign


Hargeisa 23 09,2019 (WHM) Somaliland ministry of finance development (land revenue department) has lunched tax campaign awareness in Somaliland capital aimed to encourage citizens paying tax.This tax campaign will continue through the remaining period of the current year, 2019.

 

A Three-day Training on IPSAS Cash Basis


The Office of the Auditor General (OAG) in collaboration with the PFM Coordination Unit of the Ministry of Finance Development has organized a three-day training on International Public Sector Accounting Standards, on September 21, 2019, at Maansoor Hotel Hargeisa.

The training equips participant with the skills, principles and practices of the International Public Sector Accounting Standards (IPSAS) Cash Basis and to enable them apply in their respective roles within the Government of Somaliland.

The Participants of the training were drawn from the key financial management institutions and departments including Accountant General’s Office, the Office of the Auditor General, Internal Audit Department of the Ministry of Finance Development and other Departments and institutions

The PFM is designed to improve the government’s capacity and systems to utilize public funds, towards meeting the National Development Plan (NDPII) goals and those of Vision 2030

PFM Quarterly Joint Steering Committee Meeting


The PFM Coordination Unit has conducted the PFM Joint Steering Committee (JSC) meeting at Maansoor Hotel, Hargeisa, on September 19, 2019

The JSC is a critical mechanism for gauging reform achievements against plans, and provides oversight and guidance for meeting the PFM pillar of objectives and ensures cohesion and coordination of the various components of the PFM Program.
The JSC was chaired by the Deputy Minister of Finance Development, Honorable Abdulkadir Mohamoud Sheikh and attended by key PFM stakeholders.

The PFM strives to achieve the highest possible efficiency, transparency, and accountability in the allocation, management and use of public finances to meet the GoSL’s development and economic growth priorities

Somliland's Berbera port


Berbera 19 09,2019 (WHM) This is euro news programme about Somaliland port of berbera. In this euro programme, Somaliland president Muse Bihi Abdi, the finance minister Saad Ali Shire and port manager has spoken in this euro news programme written and broadcasted by euro news.

First Aid and Firefighting training held in head quarter of Ministry of Finance Development


Officers came from Somaliland Fire Brigade trained workers of the Ministry of Finance Development in a First Aid and Firefighting training that was held at the head quarter.
The deputy minister Mr.Abdulkader Mohamud participated in the closing

Ministry of Finance Development opened a new office at Buhodle district


Buhodle, 13 09,2019(WHM)The coordinators of the ministries of Finance Development, Livestock, Labor, and Association of women of Buhodle and sport teams inaugurated the Ministry of Finance’s newest office in Buhodle. The building was financed and equipped by the Ministry of Finance and Development.

In their statement, the coordinator of the ministry Mohamed A/Rahman Hiis and the mayor of Buhodle District thanked the minister of Finance Sa’ad Ali his deputy Abdulkader Mohamud and the Director General Mohamed Abdi.

And finally the Coordinator underlined the importance of this office.

The Economic Committee delegation met with businessmen in Burao town


A delegation led by the Minister of Finance Dr. Saad Ali Shire met with businessmen in Burao.
The businessmen have complained to the committe while the Cabinet has promised to solve them.

A delegation led by the finance minister visited Berbera


The Economic Committee of the Cabinet, chaired by the Minister of Finance; Dr Sa,ad Ali Shire visited Berbera and supervised the city's ongoing projects.

Minister of Finance has awarded some revenue office managers


Hargeisa, 17 08, 2019(WHM)- The Minister of Finance Development Sa'ad Ali Shire paid tribute to the managers of customs and Inland Revenue who have reached the target for the last six months.

The Minister explained Goods and Service Tax (GST)


hargeisa,4 08 ,2019(WHM)- The Minister of Finance Dr. Saad Ali Shire has talked about Goods and Service tax (GST).  Recently, the ministry has announced that government will implement sales tax on services especially telecommunication and electricity.

Vice Minister has closed a training at Mansoor Hotel


Hargeisa, 10 8 ,2019(WHM)- The Vice minister of the ministry of Finance Mr. Abdulkader Mohamoud Sheik has closed a training at Mansoor Hotel. This training was about enhancing the security system of Somaliland Public Financial Management System.

Budget Policy Committee had a Meeting at the ministry of Finance


Hargeisa, 29 07 ,2019(WHM)- Minister of Finance has led a meeting with the budget Policy Committee at his office. Budget priorities of budget estimation of 2020 and budget outlook paper report has been discussed.

Training on Statistics and Revenue Forecast has held by the Ministry


Hargeisa, 24,07 2019(WHM) The director of Human Resources Management has opened a training held at the PFM Hall. This training was about statistics and revenue forecast procedures.

Procurement Officers at the Ministry got Training on Procurement Procedure


Hargeisa, 22,07 2019(WHM)- The ministry of Finance has held a training about Procurement Procedure. This training took the procurement officers at the department of Admin and Finance of the Ministry.

The Ministry of Finance has presented a research project related to the trade and transit agreements between Somaliland and Ethiopia


Hargaisa, 17,07 2019(WHM)- The Ministry of Finance developed a research project on Impact of the Trade and Transit agreement with Ethiopia to Somaliland's economy, particularly in businesses and government revenue.

This research funded by the Ministry of Finance Development and participated by Business owners, Entrepreneurs, Berbera port, DP World, Ministry of Commerce and Ministry of Transport.

The Department’s Directors of the Ministry of Finance has presented the performance report of the last 6 months


Hargeisa,15,07 2019 (WHM)- The Department’s Directors of the Ministry of Finance has presented the performance report of the last 6 months: Jan – June

 

Somaliland Government Announced They Will Give back the Expenses incurred to the Plastic Bag Factories Closed by the Government after the Completion of Assessment


Hargaisa, 30,06 2019 (WHM)- The minister of finance and other ministers has visited the plastic bag factories that has been closed by the government. The government announced that they will give them back the expenses incurred by the plastic bag companies after the completion of assessment.

The minister of Finance Has closed two weeks training for the Directors of the ministry


27-jun 2019, The minister of finance Development has closed a 2 weeks training for the directors of the ministry. the training was about leadership and management. The aim of the training was to enhance the managerial capacity of the directors to ensure good governance of the ministry.

The vice-minister has been closed 2 days training for the drivers


25 June 2019, The vice minister of the ministry Mr. Abdulkadir Mohamoud has closed training for the drivers of the ministry. This 2 days training was about the ethical and rules needed for the drivers.

The Director-General has opened a Training for the Drivers of the Ministry


24 June 2019, The DG of the Ministry Mr. Mohamed Abdi Gurhan has opened two days training for the drivers of the ministry. This training was about ethical and rules needed for the drivers.

The Bank of Somaliland (CBSL) together with the Ministry of Finance (MOF) is planning to host the First Somaliland Banking and Finance Conference 2019


22 June 2019, The Bank of Somaliland (CBSL) together with the Ministry of Finance (MOF) is planning to host the First Somaliland Banking and Finance Conference 2019 under the theme of “Promoting Banking and Financial Sector: Connecting People to Banking & Financial Service”.
The planned conference is a two-day event that is scheduled on June 2019. The conference will establish itself as a unique platform for the exchange of knowledge and experience in the area of Banking, Insurance, and Fitch, which brings together all participants in the financial industry.

The Ministry of Finance has arranged training on expenditure payment Procedure


20 June 2019, The Ministry of Finance has arranged training for all admin and finance directors of the government institution. This training was about Expenditure Payment Procedure.

The Ministry of Finance developed has launched a tax registration event in Awdal Borama


17 jun 2019, The ministry of finance has launched an event in Borama. This event was about promoting the TIN (Taxpayers Identification Number).

The vice minister has opened a training about budget Forecasting


20 jun 2019, The vice minister of the ministry Mr. Abdulkader Muhumed has opened a training for the revenue and budget departments. This training was about the best practices of national budget forecasting.

The ministry of Finance Development has Launched the 5 years strategic Plan of the Ministry


17 jun 2019, The ministry of Finance Development has launched the 5 years strategic plan of the ministry. The aim of the strategic plan is to guide the functions fo the ministry.

Ministry of Finance had a lunch together with the directors of the ministry


13 jun 2019, Minister of Finance Development Dr. Saad Ali Shire with the deputy minister and the director general of the ministry has honored a lunch to the Directors of the Ministry.
The purpose was to promote the integration and co-operation of the ministry's branches.

Minister of Finance has Talked about a position that has been temporarily appointed by the president


8 jun 2019The minister of Finance Dr. Saad Ali Shire has talked about a position that has been appointed by the President of Somaliland.

 

 

 

The Minister of Finance has closed a training for the Internal Audit Staff


The minister of finance has closed a training for some of employees of the Internal Audit Department.

This training was about the modern standard of internal auditing.

The Bank of Somaliland (CBSL) together with the Ministry of Finance (MOF) is planning to host the First Somaliland Banking and Finance Conference 2019


The Bank of Somaliland (CBSL) together with the Ministry of Finance (MOF) is planning to host the First Somaliland Banking and Finance Conference 2019 under the theme of “Promoting Banking and Financial Sector: Connecting People to Banking & Financial Service”.

The planned conference is a two-day event that is scheduled in June 2019. The conference will establish itself as a unique platform for the exchange of knowledge and experience in the area of Banking, Insurance and Fitch, which brings together all participants in the financial industry.

The Minister of Finance and the Minister of trade opened one stop shop office at the Ministry of Trade


8 May 2019: The minister of Finance Dr. Saad Ali Shire and the minister of Trade Mr. Mohamoud Sajin has opened a one stop shop office at the Ministry of Trade.

The intention of this office is to unite the business process of taking business licenses in one place, instead of going different offices which are far from each other.

Minister launches better service promise for tax payer


4 May 2019: Minister of Finance Dr. Ali Saad Shire, Minister of Trade and Tourism Mohammed Hasan Sacad Saji, and Chair of Chamber of Commerce Jamal Aideed Ibrahim launched new service charters at an event at the Maan-Soor Hotel. The charters set out rights and obligations of the business community and traders.

Dr. Saad Ali Shire explained the event was to show how the Ministry is changing its approach to one of working with business rather than against them to improve the revenue system.

The Minister said “we are here to change our old thinking to new, as the old approach seems to taxpayers to be not friendly”.

“The old approach separated us into two teams; government and population, tax takers and tax payers, but the new one will be that we help you”

Ministry staff explained that they have published the guidelines of the tax payers and traders and Ministry staff in their dealings with each other. They commented about the energy they had put into starting a new approach with new brochures (Taxpayers Charter and Customs Charter) they will explain the taxpayer duties under the law and set out their rights when dealing with Minsitry staff. The Ministry will keep taxpayer information secret, and traders won’t have their commerciel information revealed.

Chamber of commerce Chair Jamal Aideed Ibrahim said “The Chamber is ready to work hand by hand with the government”. He acknowledges that there are many duties on trade and they will found good feedback if they do their duties. The Minister for Trade and Tourism also made this point.

The vice minister has opened a Revenue Performance Analysis Training

25-04-2019: The ministry of finance has organized a Revenue Performance Analysis Training for the Staff of the Ministry of Finance Development. The vice minister Mr. Abdulkadir Muxumed has opened the training.

The training will enable participants to identify factors that drive revenue, measure the performance of these factors, and take action to maximise revenue collection.

The Ministry of Finance has designed to improve the government’s capacity and systems to utilize public funds, towards meeting the National Development Plan (NDPII) goals and those of Vision 2030.

A Training has been closed for the Customs Department Staff


16-04-2019: The customs department employees has been trained  at Burao City. The training was about the customs valuation system.
It is part of the reform which is currently happening happening in the ministry.

3 Days training for the Directors has been opened by The Minister


The Ministry of Finance has organized a three-day training on Leadership, Change Management and Performance Management for the Departmental Directors of the Ministry of Finance Development on April 20-22, 2019
The Training was officially opened by the Minister of Finance Hon Dr. Saad Ali Shire. He emphasized the significance of this training in improving the leadership and Performance Management skills of the senior civil Servants of the Ministry of Finance Development.
Suleiman Yusuf Elmi, PFM Change Management Expert will facilitate the three-day training.

 

A Training has been closed for the Customs Department Staff


16-04-2019: The customs department employees has been trained  at Burao City. The training was about the customs valuation system.
It is part of the reform which is currently happening happening in the ministry.

The Minister of Finance has participated a public event at Golis University


13-4-2019: The minister of finance Dr Saad Ali Shire has taken part a discussion which has held at Golis University.
The discussion was about the relationship between Tax and State Development.

 

Ministry of Finance Development’s Departments Present their Monthly Progress for the Month of March 2019


Hargeisa, Somaliland; 10/04/2019 (W.H.M) – Yesterday, 9th April 2019 the different departments of the Ministry presented their monthly progress of  March 2019 against their plans based on the work plan for 2019. The departments presented their plans, what has been achieved, what has not been achieved, and the challenges faced.

The meeting held at the Minister’s office was led by the Minister, Dr. Saad Ali Shire and the Director General, Mohamed Abdi Gurhan.

During the four-hours long meeting, it was agreed to resolve all the challenges that stood on the way to achieve the departments' plans and to continue such meetings until everything is on track.

Setting up work plans and monitoring progress is something new to the Ministry. This monitoring meeting is the second of its kind in the ministry so far which aims at speeding up  the implementation of the Ministry's plans.

This encourages each department to have its own work plan that it can be track its implementation to monitor its performance.

Since Dr. Saad Ali Shire was appointed as the Minister of Finance Development, there has been a significant change in the way the Ministry works generally. Each officer of the Ministry is given a specific task which can be monitored to assess performance.

Meeting with the Economic Committee of the Somaliland Parliament - 8th April, 2019


The ministry of finance led by the Minister of Finance Dr. Saad Ali Shire has met with the economic committee of the Somaliland parliament.

The minister has updated the current situation of the ministry while the committee has been asked questions related to tax, budget and the current exchange rate.

 

 

Meeting with the Somaliland Central Bank - 7th April, 2019


Ministry of Finance and the Somaliland Central Bank has met at the central bank’s meeting hall. This meeting has been participated by the minister of Finance Dr. Saad Ali Shire, Central bank Manager Mr. Ali Ibrahim Jamac, Director General of the Central Bank Mr. Ahmed Hassan Arwo and 3 committees from the two sides.

The committees has been updated to the minister and the manager of the central bank about their progressive work.

Finally, it has been agreed to boost the activities and held meetings regularly.

 

The Minister of Finance has opened a training for tax collectors - 28/03/2019


The ministry of Finance has launched a training for all Marodijex regional staff of Inland Revenue. This training was about ethics on tax collection.

Minister of Finance Dr. Saad Ali Shire had an opening speech and he mentioned the importance of this training. He stated that the tax collectors are a government ambassadors which reflects the mirror of the government.

Minister of Finance started boosting tax collection campaign - 28/03/2019


First of all, the Ministry of Finance acknowledges all the Somaliland Taxpayers on how they participate on the development of the country and paying taxes.

Taxes has a huge important on development of the nation. The main of government’s source of income is tax. It enables to implement developmental projects and providing social services like security, education, health, paying salaries and economic development.

The Ministry of Finance is informing the people that the ministry has started boosting tax collection on Business Income Tax, Rental Income Tax, Payroll Tax and Goods and Service tax that has been mentioned in law No. 72/2036

Goods and Service Tax has not been imposed by Somaliland Society but it’s been imposed by each and every country’s citizen. For example, the neighbor countries: Ethiopia is 15%, Uganda is 12%, Kenya is 10% while Somaliland is 5% only.

Finally, the ministry of Finance informs citizens about the importance of the implementation of law and regulations of the country.

The Ministry of Finance Development has organized a five-day refresher training for the Internal Audit Department - 26/03/2019


This training equips participants with the skills and knowledge required to conduct quality internal system audits.

The Minister of Finance has supervised the office stations of Hargeisa Inland Revenue Department - 25/03/2019


A team led by the Ministe of Finance Dr. Saad Ali Shire had supervised the Hargeisa office stations on Inland Revenue Department.

The purpose of this supervision was to observe the exact work happening in the offices.

Somaliland Ministry of Finance Dr. Saad Ali Shire has presented a lecture at University of Hargeisa. The lecture was about “Development Financing for Unrecognized Country: the case of Somaliland” - 19/03/2019



A supervision trip has been done by the Vice Minister to the Inland Revenue and Customs Stations of the eastern regions (13-14 March 2019):


The vice minister of the Ministry of Finance Mr. Abdulkadir Mohamoud Sh. Muxumed (Dhago-weyne) accompanied with a team from the ministry has been travelled to the revenue stations of the eastern part of Somaliland.

           

A supervision trip has been done by the Vice Minister to the Inland Revenue and Customs Stations of the Eastern Regions


The vice minister of the Ministry of Finance Mr. Abdulkadir Mohamoud Sh. Muxumed (Dhago-weyne) accompanied with a team from the ministry has been travelled to the revenue stations of the eastern part of Somaliland.

The vice minister and his team has has arrived to Berbera this morning and then they will go to Togdheer, Sanag and Sool Regions.

On the other hand, this trip for the vice minister was the third one to supervise revenue stations of the country. The previous trip has supervised to revenue stations of the western part of the country: Wajale Customs Station, Kalabaydh Customs Station, Gabilay Inland Revenue office, Abaarso Customs Station, Saylac and Asha-Addo Customs Stations. This trip’s mission is to enhance accountability of the revenue stations officers that will come over again and again.

Furthermore, the intention of this trip is to boost the revenue generation of the country to reach the estimated budget of 2019 so that to implement the development projects in this year’s budget by the government.

This team will assess the exact needs for the revenue station of Inland Revenue and customs that will obstacle the revenue collection activities. These needs can be shortage of offices, furniture and employees.

 

A supervision trip has been done by the Vice Minister to the Inland Revenue and Customs Stations of the Western Regions


The vice minister of the Ministry of Finance Mr. Abdulkadir Mohamoud Sh. Muxumed (Dhago-weyne) accompanied with a team from the ministry has been travelled to the revenue stations of the eastern part of Somaliland.

The vice minister and his team has has arrived to Kalabaydh this morning and then they will go to far to the other station.

On the other hand, this trip for the vice minister was the first trip to supervise revenue stations of the country. He has supervised all revenue stations of the western part of the country: Wajale Customs Station, Kalabaydh Customs Station, Gabilay Inland Revenue office, Abaarso Customs Station, Saylac and Asha-Addo Customs Stations. This trip’s mission is to enhance accountiblity of the revenue stations officers that will come over again and again.

Furthermore, the intention of this trip is to boost the revenue generation of the country to reach the estimated budget of 2019 so that to implement the development projects in this year’s budget by the government.

This team will assess the exact needs for the revenue station of Inland Revenue and customs that will obstacle the revenue collection activities. These needs can be shortage of offices, furniture and employees.

 

The ministry of Finance had a meeting with Hargeisa Municipality (Feb 11, 2019)                                                                                                                               

The ministry of Financial Development led by the minister Dr. Sa’ad Ali Shire have had a valuable meeting with the Hargeisa Municipality lead by Deputy Mayor Mr. Abdiaziz Caga-weyne.

The minister of Finance rejected the existence of 80 Milyan Dollars Government Debt (Feb 6, 2019)                                                                                         

The minister of Financial Development Dr. Sa’ad Ali Shire has denied the existence of  80 Milyan Dollar government debt.

 

The minister of Finance had made a handover to the previous and the newly appointed Director Generals (Jan 6, 2019)

The minister of financial development Dr. Sa’ad Ali shire has made a handover on the previous Director General Mr. Abdirahman Musabaqo to the newly appointed Girector General Mr. Mohamed Abdi Gurhan.

The minister of Financial Development Dr. Sa’ad Ali Shire had made a budget 2019 speech in front of the Somaliland House of Parliament (Dec 22, 2018)


The minister of Financial Development Dr. Sa’ad Ali Shire had made a budget 2019 speech in front of the Somaliland House of Parliament.

An event about minister’s handover has been held in Ministry’s Hall (Nov 18, 2018)                                                    


A handover event has been held in the ministry of finances Hall. This handover was about the pervious minister of finance Mr. Yusuf Mohamed Abdi and the newly appointed minister Dr. Sa’ad Ali Shire.