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 →
Somalia secures $64 million in Infrastructure Development grants for Kismayo and Baidoa
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 →
Somalia becomes the first country in East Africa to offer ‘World Elite Mastercard’
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 →
Ethiopian Airlines announces new service to Garowe
AVIATION TRIBUNE Ethiopian Airlines Group announced the launch of its flight to Garowe, Somalia, via Bossaso, Somalia effective 15 July 2019. Regarding the launch of the flight, Group CEO of Ethiopian Airlines Mr. Tewolde GebereMariam, said: “It gives us great pleasure to launch our flight to Garowe, Somalia. In addition to our operating flight to Mogadishu, Somalia,... Continue Reading →
Somalia expects more Chinese investment and exchanges
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 →