Somalia News » Bay News Somalia » Bay » Economy: Somalia pledges maritime security as it pitches $2 billion blue economy
Somalia has pledged to protect its maritime resources, contribute to overall security of its waters and attract investors to what it sees as a $2 billion sector. At the First Somalia Maritime ...
News Somalia » Bay » Economy: Somalia seeks Qatari investment in fisheries, energy and transport
Somali Prime Minister Hamza Abdi Barre held talks with several Qatari state-owned companies and institutions during an official visit to Qatar, seeking to strengthen bilateral ties and attract ...
News Somalia » Bay » 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 » Bay » Economy: How Oil Could Rewrite Somalia’s Political Economy – OpEd
The pursuit of offshore hydrocarbons in the Horn is a high-stakes geological poker game, and Türkiye’s state-owned Turkish Petroleum Corporation (TPAO) has just pushed its chips to the middle of the ...
News Somalia » Bay » Economy: What May 15 Means for Somalia’s Federal Architecture and Global Shipping
Somalia’s coast. The recent resurgence of piracy has led the Joint Maritime Information Center to raise its threat level for piracy off the Somali Coast and in the Somali Basin to “severe.” Somali ...
News Somalia » Bay » Economy: Vision 2060 to lift Somalia's economic fortunes, says Hassan Sheikh
President Hassan Sheikh Mohamud believes the unveiling of Vision 2060 will tremendously uplift Somalia's economic fortunes, should the country implement the proposals without derailing. While ...
News Somalia » Bay » Economy: Why is piracy picking up off Somalia’s coast again?
One Earth Future’s Oceans Beyond Piracy programme, a maritime security initiative set up during the Somali piracy crisis, estimated that piracy off Somalia’s coast cost the global economy between ...