Today's breaking News from Somalia, Bay, Economy

News Somalia » Bay » Economy: Somalia to export fish to China under tariff-free deal

News channel or source: https://www.msn.com/en-xl/money/economy/somalia-to-export-fish-to-china-under-tariff-free-deal/ar-AA2aeiK8

Published on: Sunday 16 August 2026

Somalia will begin fish exports to China from next month under a tariff-free arrangement that has been dangled to other African countries to improve trade balance with Beijing. The deal was firmed up ...

News Somalia » Bay » Economy: Somalia's Economic Reset: Why the African Development Bank Is Betting on Private Capital

News channel or source: https://www.devdiscourse.com/article/business/3989443-somalias-economic-reset-why-the-african-development-bank-is-betting-on-private-capital

Published on: Sunday 11 October 2026

Somalia’s push to reduce aid dependence is shifting attention toward private investment, stronger development banks and financing for small businesses. With the African Development Bank backing this ...

News Somalia » Bay » Economy: How Oil Could Rewrite Somalia’s Political Economy – OpEd

News channel or source: https://www.eurasiareview.com/26082026-how-oil-could-rewrite-somalias-political-economy-oped/

Published on: Wednesday 26 August 2026

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: Somalia economy to grow by unprecedented 3.7%, IMF confirms

News channel or source: https://www.garoweonline.com/en/news/somalia/somalia-economy-to-grow-by-unprecedented-3-7-imf-confirms

Published on: Wednesday 13 March 2024

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: Somalia pledges maritime security as it pitches $2 billion blue economy

News channel or source: https://www.msn.com/en-xl/politics/government/somalia-pledges-maritime-security-as-it-pitches-2-billion-blue-economy/ar-AA29FdGV

Published on: Saturday 08 August 2026

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 Economic Update: Reforming Somalia’s Security Sector: A Pathway to Increased Investment in Development Initiatives

News channel or source: https://www.worldbank.org/en/country/somalia/publication/somalia-economic-update-reforming-somalias-security-sector-a-pathway-to-increased-investment-in-development-initiatives.print

Published on: Tuesday 27 October 2020

The latest Somalia Economic Update examines ongoing government-led security sector reforms and suggests economic policy options for securing Somalia sustainably Somalia’s security sector accounts for ...

News Somalia » Bay » Economy: Vision 2060 to lift Somalia's economic fortunes, says Hassan Sheikh

News channel or source: https://www.garoweonline.com/en/news/somalia/vision-2060-to-lift-somalia-s-economic-fortunes-says-hassan-sheikh

Published on: Monday 27 November 2023

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 ...

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