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Business
$20 million missing from 2018 budget-parliamentary report
By T. Roble SUMMARY: $20 million donated by Saudi Arabia in 2017 FY which Treasury said it would carry forward…
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Business
Insurance demands by Somalia delays KQ’s flights to Mogadishu
By Fauxile Kibet The inaugural direct flight by Kenya airways (KQ) from Nairobi to Mogadishu failed to take off as…
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Business
Somalia lacks legal framework and capacity to license oil drilling-Petroleum PS
By T. Roble Somalia does not have the capacity and requisite legal framework to engage international oil companies to start…
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Banaadir
Public-private dialogue event opens in Mogadishu
Stakeholders from the private and public sector are meeting today in Mogadishu in the first economy-wide public-private dialogue aimed at…
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Business
Somalia to license oil drilling in February amid absence of clear legal regime
By T. Roble Somalia is gearing for its first post-civil war oil drilling licensing rounds early February following completion of…
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Business
Cabinet approves $340m 2019 budget, upbeat on domestic sourcing
The cabinet has today approved a $340 million budget for the financial year 2019, the largest in recent years tripling…
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Business
GOVERNANCE: Somalia ranks last in Africa but records progress-report
By T. Roble Despite ranking last in overall governance in Africa in 2017, Somalia has registered progress scoring positively in…
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Business
Kenya Airways makes maiden direct flight to the US
NAIROBI: Kenya Airways (KQ) took to the sky last night on its maiden flight direct to New York marking a…
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Business
Boost for start-ups in Somalia as Premier Bank announces $1m fund
Premier Bank has announced a $1 million fund to support tech startups in Somalia in a move that could see…
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Business
Beyle asks FMS to submit proposals for W.Bank disbursements
Finance Minister Abdirahman Beyle has called on federal member states to submit their proposals for new World Bank disbursements but…
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