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 →
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 International Monetary Fund projects Somalia’s economy will expand by 3.5 percent this year and next year, compared with a forecast of 3.1 percent in 2018, as the Horn of Africa nation implements an economic program monitored by the lender. “Somalia’s economy is recovering, but further efforts are needed to secure economic resilience and reduce poverty,” the... Continue Reading →
Somalia officially joined China's Belt and Road Initiative (BRI) in August 2018. But how do they evaluate the collaboration and what are their expectations for the upcoming second Belt and Road Forum? See the full video of the interview between Somali Minister of Planning, Investment and Economic Development Amb Gamal M. Hassan and Wu Lei... Continue Reading →
