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Business
Drought, rise in food prices push Somalia’s inflation to 4%-IMF
Higher food prices occasioned by poor rainfall early this year will push inflation upwards to 4%, the IMF has said…
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Business
Somalia has ‘made significant progress’ but fails fiscal transparency threshold-report
Somalia has registered ‘significant progress’ in enhancing transparency in the management of public finances but is yet to meet the…
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Banaadir
Solar energy company building local capacity to expand sustainable energy use in Somalia
Solar energy penetration across Africa continent is rapidly gaining momentum. In East Africa, the government’s favorable policy environment has helped…
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Banaadir
IBS launch MasterCard in Somalia
International Bank of Somalia (IBS) has launched MasterCard on 3rd June 2019 with a partnership that will see the bank…
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Business
Inside Huawei: The $100 billion tech firm where workers eat in a church-themed cafe and sleep under their desks
By Mirror Huawei is China’s most valuable technology brand, and sells more telecommunications equipment than any other company in the…
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Business
Oil deals from Dec 1990-Sept 2012 invalid- Petroleum Bill
By T. Roble Oil contracts entered into between December 1990 and September 2012 are invalid and the Government of Somalia…
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Business
Build on National Development Plan as PRSP, IMF tells Somalia
By T. Roble The IMF has urged Somalia to narrow down priorities and include a costing component in the next…
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Business
WhatsApp urges update after ‘serious’ security breach
By WhatsApp on Tuesday encouraged its users to upgrade the app to plug a security breach that allowed sophisticated attackers…
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Business
Member states to get 45% in offshore revenue-FGS/FMS pact
The Federal Government will get 55% of oil revenue from offshore drilling while the Federal Member States will have 45%…
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Business
Kenya reneges on flights pact, reinstates Wajir stop-over
By T. Roble Kenya has cancelled its direct flights deal with Somalia forcing airlines to disembark for security clearance at…
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