Somalia News News Somalia » Economy: Could Somalia see the world's next major oil discovery?
A 200,000–300,000 b/d discovery could redraw East African oil trade, challenge Uganda's export project and give Indian refiners a rare nearby crude source ...
News Somalia » 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 » 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, ...
News Somalia » Economy: Tanzania’s expertise in the blue economy impresses the visiting delegation from Somalia
SOMALIA has commended Tanzania’s expertise in the blue economy, saying a learning mission to the country provided valuable lessons beyond expectations and will bring significant benefits to Somali ...
News Somalia » Economy: Somalia launches development forum focused on governance, economy and resilience
Somalia's Deputy Prime Minister Salah Ahmed Jama on Tuesday opened the third Somalia Development Forum, saying the country has made notable progress in state-building, democratic reforms and economic ...
News Somalia » Economy: OP-ED: Somalia at a Crossroads: Building a Durable Solution Beyond Humanitarian Response
After decades of conflict, prolonged insecurity, and recurrent climate shocks, Somalia stands once again at a defining juncture. Despite meaningful progress, most notably completing the Heavily ...
News Somalia » Economy: Somalia signs $306.5 million debt relief deal with Arab Monetary Fund
MOGADISHU, April 10 (Reuters) - Somalia has signed a $306.5 million debt relief deal with the Arab Monetary Fund (AMF), in what the government in Mogadishu called a critical milestone in its economic ...
News Somalia » Economy: Somalia banks on infrastructure to power economic growth, job creation
Somalia President Hassan Sheikh Mohamud on Thursday inaugurated a series of landmark development projects in Jowhar. [Courtesy, Villa Somalia] Somalia President Hassan Sheikh Mohamud is banking on a ...
News Somalia » Economy: Turkey Begins Ultra-Deepwater Oil Drilling in Horn of Africa
Turkey's state-owned energy company, TPAO, has begun drilling operations in Somalia's offshore blocks as part of a strategic exploration and production agreement signed in March 2024. The agreement, ...