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BusinessLondon Court dims Djibouti’s reclaim efforts of Doraleh as it extends injunction
A London court extended an injunction barring Djibouti government from interfering with Doraleh Container Terminal. Photo: courtesy Djibouti’s attempts to regain control of its Doraleh Container Terminal hit a snag this past week after a...
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BusinessIMF upbeat on Somalia’s currency reform process
International Monetary Fund Managing Director Christine Lagarde speaks at the annual Michel Camdessus Central Banking Lecture at the IMF Headquarers September 18, 2017 at the IMF Headquarters In Washington, DC. IMF Photo/Stephen Jaffe The International...
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Business$60 million in virtual currency hacked in Japan
Bitcoin can be used for payment at 50,000 stores in Tokyo. AFP/File / Toru YAMANAKA By AFP Bitcoin and other digital currency worth around 6.7 billion yen ($60 million) has been stolen in Japan following...
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BusinessHow Djibouti like Zambia is about to loose its port to China
One such African country that is exhibiting all the red flag signals of going Sri Lankan and now Zambian way is Djibouti. Chinese President Xi Jinping shakes hands with Djibouti’s President Ismail Omar Guelleh. (Madote)...
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BusinessWorld Bank warns political discord could derail Somalia’s debt relief process
State leaders L-R: Mohamed Ware (HirShabelle) Sharif Adan (South-West) Ahmed Madobe (Jubbaland) and Abdiweli Gaas (Puntland) address the media Oct 31, 2017 in Mogadishu. Photo: SONNA Political disputes and fragmentation between the federal and state...
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BusinessLack of mobile money regulation exposes Somali economy to macroeconomic effects-World Bank
The mobile money sector in Somalia has registered remarkable growth but the absence of regulation exposes the economy to risks in case of disruptions. Photo: online By T. Roble SUMMARY The mobile money sector has...
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BusinessFed. Govt demands audit reports from regional administrations
FILE: Finance Minister Abdirahman Beyleh wrote to the Federal Member States demanding audit reports. Photo: Goobjoog News The Federal Government is demanding an audit report from federal member states for the financial years 2017 and...
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BusinessGermany halts Garowe-Galkaayo road project, alleges graft
File: Puntland President Abdiweli Gaas| Handout The German government has defended its decision to terminate funding for Garowe-Galkaayo corridor lack of transparency and accountability. The move to cancel funding of the project which was being...
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BusinessWorld Bank unveils $9m roads rehabilitation projects for Mogadishu and Garowe
The second phase of the project will be implemented in Baidoa and Kismayu FILE: The funds will construct a total of 11.9km of road in Mogadishu and Garowe municipalities. Photo: Goobjoog News The World Bank...
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BusinessEconomic cooperation and security tops agenda in Asmara meeting
FILE: Eritrean President Isaias Afwerki match along with his Somali counterpart President Mohamed Farmaajo during a state visit July 28 in Asmara. Photo: online Somalia, Eritrea and Ethiopia will seek to jointly work in...