IMF Sees Somalia’s GDP Growth Accelerating to 3.5% in 2019

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 →

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 – A growing African hub for Startups

Somali founders and businessmen are rapidly turning the cities of Mogadishu, Garowe and Hargeisa into tech hubs filled with incubators and accelerators creating popular apps and platforms that allow for the purchase and dispatch of products or services in a more convenient way. These tech companies have begun transforming the lives of ordinary people in... Continue Reading →

Qatar Airways begins weekly flights to Mogadishu

Qatar Airways has added Mogadishu to its global network of destinations. Its aircraft landed at the Aden Abdulle International Airport in the Somali capital in a ceremony attended by Qatari and Somali officials. "I am truly honoured to be here today to inaugurate our new destination. We have responded to the growing demand from customers... Continue Reading →

Exxon Mobil and Shell return to Somalia

Royal Dutch Shell and Exxon Mobil, two heavyweight giants in the Petroleum Industry are planning to return to Somalia ahead of an oil block bid round later this year, according to the East African country’s oil ministry. Shell and Exxon Mobil had a joint venture on five offshore blocks in Somalia during the 1980s but... Continue Reading →

QTerminals has announced it has started a new weekly service; the 'Mogadishu Express', which will be a direct maritime link between Qatar and Somalia. In a post on social media on Monday, QTerminals said the service will call on the Ports of Mogadishu and Kismayo in Somalia and facilitates direct trade between the two countries... Continue Reading →

Legend of Somalia's Road Network - WFP GeoNode The European Union will invest €42 million in rehabilitating 355km of Somalia’s roads. The European project is part of the larger ‘Regional Corridors’ program and comes after the Somali Prime Minister in February inaugurated a $200 million highway project funded by Qatar, which will connect the Port... Continue Reading →

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