Somalia News News Somalia » Economy: The hidden crisis of Somalia’s financial collapse
Somalia’s economy faces extreme instability, corruption, and collapse, making it one of the most dangerous in the world. This video explores the hidden truths behind the crisis.
News Somalia » Economy: Somalia says historic oil exploration carries economic, geopolitical significance
Remarks come as Turkish drill ship Cagri Bey arrives in Somalia’s waters to begin 1st offshore drilling - Anadolu Ajansı ...
News Somalia » Economy: Türkiye’s oil drilling: A strategic inflexion point for Somalia
Long seen as a site of crisis and intervention, Somalia may now be approaching a turning point,one driven not by aid or security, but by energy, investment, and shifting geopolitical interests, with ...
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: Somalia Set To Begin First Ever Offshore Oil Drilling In April
Somalia is on the verge of embarking on its first-ever offshore oil drilling operation, marked by the arrival of the Turkish drillship Ça?r? Bey in Somali waters on Friday ...
News Somalia » Economy: Somalia Begins Offshore Drilling in High-Stakes Bet on Oil Potential
Somalia launches its first offshore exploration well with Turkish support Drilling marks shift from seismic studies to direct resource testing Success could reshape an economy still dominated by ...
News Somalia » Economy: Minn.’s Somali social-services scammers may have stolen $9 billion — nearly Somalia’s entire economy
A staggering $9 billion may have been stolen in Minnesota’s sprawling social-services scam orchestrated mainly by members of its Somali community — a figure nearly equivalent to the entire economy of ...
News Somalia » Economy: Somali systems: from aid-centred to state-led crisis response
This paper examines the prospects for shifting from aid-centred to state-led crisis response in Somalia and Somaliland. It is grounded in political economy dynamics, including the role of aid, that ...
News Somalia » Economy: Restricted Hajj hits Somalia's livestock economy
MOGADISHU, Somalia - The annual Muslim pilgrimage to Mecca is a time for celebration, not least among Somalia's livestock herders and traders who export millions of livestock to feed pilgrims. But ...
News Somalia » Economy: Revisiting the economic rise of Somalis after fall of Amin
What you need to know: In the third instalment of the serialisation of the book titled Reinventing Uganda: Political Imagination and Social Change after the Fall of Idi Amin (1979-80), Yusra Abdullahi ...
News Somalia » Economy: Somalia’s Hormuud Targets Global Integration Through Digital Partnership with GIZ
Hormuud Telecom partners with GIZ to expand digital solutions Initiative focuses on cross-border payments to connect Somali firms with international markets Partnership includes skills development and ...
News Somalia » Economy: Why Somalia–Türkiye partnership stands strong amid the noise
Ultimately, the strength of the Somalia–Türkiye partnership lies not in rhetoric, but in results. It is a relationship built on trust, tested through time, and proven through impact.