somalia economy Stories

Egypt and Somalia sign strategic partnership agreement
Abdirahman Khalif  |  Jan 23, 2025

The meeting, held in Cairo, marked a pivotal step in strengthening cooperation between the two nations across a range of areas, including trade, cultu...

Somalia secures agreement to settle $36 million debt with OPEC Fund
Vincent Ombati  |  Jun 27, 2024

The Saudi Finance Minister highlighted the Kingdom's efforts to boost non-oil revenues and diversify its economy as part of Saudi Vision 2030 through...

Journalist’s memoir reveals story of Somalia’s resilience
Barack Oduor  |  Jun 24, 2024

Mogadishu has been undergoing an economic renaissance few would have imagined five years ago.

Somalia, Ethiopia to have stronger GDP growth this year - World Bank
Alfred Onyango  |  Jun 12, 2024

Somalia's gross domestic product growth pace has been set at 3.7 per cent, compared to 3.1 per cent last year, while Ethiopia's was 7.0 per cent, 0.2...

Somalia assures commitment to stability, economic growth as G7 praises key progress
Hanifa Adan  |  Apr 20, 2024

The G7 commended Somalia on its progress in the institutional, macroeconomic and security sectors.

Livestock insurance offers hope to drought-hit Somalia pastoralists
Agency  |  Feb 21, 2024

The Horn of Africa nation is only just beginning to emerge from the worst drought in four decades that left millions of people hungry across East Afri...

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