The initiative aims to diversify and increase public revenue by taxing real estate firms, money transfer companies, mobile phone operators, and other major businesses.
[2] In April 2014, Finance Minister Halane participated in a foundation laying ceremony for a new national Aviation Training Academy at the Aden Adde International Airport in Mogadishu.
Additionally, Ahmed visited the site of a modern terminal that is concurrently being built at the Aden Adde International Airport, with funding provided by the Turkish Favori aviation firm.
[7] In May 2014, Halane was part of a high level Somali federal government delegation to the African Development Bank headquarters in Tunis, which was led by Foreign Affairs Minister Abdirahman Duale Beyle.
The visiting parties are slated to meet with the AfDB president Donald Kaberuka to discuss implementation of previous reconstruction development plans and financial pledges made to Somalia.
As such, it aims to spur economic development and establish a foundation for transparent financial governance by eliminating mismanagement of public funds, reducing monopolies and promoting competitiveness in the concession procurement process.
[9] In August 2014, the Somali and U.S. governments reached an agreement in Washington stipulating that the United States would contribute $1.9 million toward security sector reform, development and capacity-building efforts in Somalia.
It is primarily slated to provide support to the Somali National Police Force's Criminal Investigative Division (CID), with an emphasis on implementing policies, practices and procedures that buttress citizen services and human rights.