Somalia News » Awdal News Somalia » Awdal » Economy: Somalia’s Economic Prospects are Positive, but Foreign Aid Cuts are Downsizing Growth
NAIROBI, June 30, 2025—Somalia’s economy continued its overall strong performance in 2024, with growth at 4.0 percent supported by improved performance of agriculture, enhanced private consumption ...
News Somalia » Awdal » Economy: Somalia economy to grow by unprecedented 3.7%, IMF confirms
MOGADISHU, Somalia - Despite many hindrances and prevailing circumstances, the economy of the Federal Republic of Somalia is set for an unprecedented growth of 3.7% in 2024, experts have projected, ...
News Somalia » Awdal » Economy: USAID Cuts Had 'Severe Impact' on Somalia's Economy, Says Development Bank Chief
LONDON (Reuters) -The closure of the U.S. Agency for International Development earlier this year hit Somalia's economy and tax revenues, the head of the country's development bank said on Tuesday. "In ...
News Somalia » Awdal » Economy: Somalia’s economy under strain - what’s really happening
Somalia’s economy is widely considered one of the most fragile in the world due to decades of political instability, conflict, limited central governance, and underdeveloped infrastructure. Despite ...
News Somalia » Awdal » Economy: Somalia's diaspora is known for economy, but now they could play political role
EDITORIAL - Somalia’s journey from state collapse in 1991 to revival, argued Finance Minister Abdirahman Duale Beileh at a recent forum in November, is routinely associated with negativity: Refugees, ...