Somalia News » Bay News Somalia » Bay » Economy: How piracy became Somalia’s biggest business: Explained
The waters off Somalia tell a story that would make any compelling documentary — one of desperate fishermen who transformed into maritime outlaws, ultimately creating one of the world’s most ...
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: 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 » 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 ...