In the past the people of the Somali Republic successfully cultivated a flourishing entertainment sector that boasted dozens of cinemas, festivals and hundreds of singers, poets and actors. Today, with the Somali people largely optimistic about their country’s future and the prospect of lasting peace; big opportunities for the business savvy Somali and non-Somali entrepreneurs... Continue Reading →
The restoration of Somalia's first historic parliament has begun with the cornerstone-ceremony hosted by the Mayor of Mogadishu, Omar Filish. The project is part of the Federal government's larger Isxilqaan program, a reconstruction movement of Somalia's most iconic landmarks. The parliament, from 1956 to 1969, was the seat of the first three governments of the... Continue Reading →
The Federal Government of Somalia is launching an ambitious Drylands Development Project in three regions of the country. Funded by the Islamic Development Bank, the Ministry of Finance led by Dr Abdirahman Beileh has singled out three districts whose farmers will benefit from modern irrigation and pasture rehabilitation programs. The project consists of new canals,... Continue Reading →
Somali Airlines, the erstwhile flag-carrier of Somalia, and once one of the fastest growing airlines on the African continent post-independence is set for a major comeback in 2020. According to the Somali Minister of Transport, the necessary legislation for the company is ready, while the important knowledge transfer to operate and maintain a fleet of... Continue Reading →
The State of Qatar, on Monday the 19th of August, sent a large delegation to the Federal Republic of Somalia. The visit to the Somali capital of Mogadishu by the Qatari delegation was led by their Foreign Minister Sheikh Mohammed bin Abdulrahman Al Thani who was hosted by the Somali Prime Minister Hassan Ali Khaire.... Continue Reading →
As a city of 3 million people, Mogadishu is currently one of the fastest growing cities in the world and according to Demographia, its the fastest growing city on the African continent. The return of hundreds of thousands of Somali expats, a steady reconstruction boom and the prospect of job opportunities in the city all... Continue Reading →
The global sesame trade has become one of Somalia’s most lucrative hard currency earners and employs tens of thousands of farmers, as the country steadily revives its agricultural industry. According to the US backed ´Growth, Enterprise, Employment and Livelihoods (GEEL)´ project, the country exported an estimated $300 million worth of sesame in 2018, and as a... Continue Reading →
The Somali Stock Exchange (SSE) has increased its capacity and commitment to Somalia’s growing economy with a place on the UN Sustainable Stock Exchange. With a membership of 90 nations, the UN Sustainable Stock Exchange was designed to provide a unique, high-level platform to explore how the world's exchanges can work together with investors, regulators... Continue Reading →
The African Development Bank Group’s Board of Directors on 19 July 2019 approved grants of $28.86 million for water and sanitation and roads projects designed to improve livelihoods in Somalia and boost the East African country’s resilience. The grants, consisting of $11.99 million from the Bank’s Transition States Facility (TSF) for an urban water and... Continue Reading →
IBS Bank has become the first bank in East Africa to launch the prestigious World Elite Mastercard, which is the highest category of Mastercards and places Somalia in a good position to rebuild its financial sector. "It was a great moment of celebration in the banking industry in Somalia and for IBS Bank," said the... Continue Reading →
The country of Somalia has an abundance of ancient and medieval sites that are echoes of ancient trade cities, and kingdoms from the Middle Ages that for centuries successfully carved out and defended their dominance in East Africa, the Red Sea and the Indian Ocean. MOGADISHU The old city of Mogadishu is considered a successor... Continue Reading →
Somali globetrotters from Mogadishu and other cities in Somalia are seeing a significant increase in the amount of options available to them when it comes to international carriers. Turkish Airlines, Ethiopian Airlines, Kenya Airways and Qatar Airways are planning or have already expanded to other cities in Somalia justified by the return on investment from... Continue Reading →
