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Business
Yet again Farmaajo fails to rid Somalia of ‘most corrupt’ tag
Somalia has once again been ranked as the most corrupt country in the world placing the Horn of Africa nation…
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Business
EXPLAINER: The National Statistics Bill
The Upper House Monday passed the Statistics Bill paving way for the creation of the National Statistics Agency to streamline…
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Business
Erdogan says Somalia has invited Turkey to explore for oil in its seas: NTV
By ANKARA (Reuters) – Turkish President Tayyip Erdogan said on Monday that Somalia had invited Turkey to explore for oil…
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Business
PM suspends World Bank development deal ‘for review’
Prime Minister Hassan Khaire has suspended a World Bank-funded project targeting Kismayo, Garowe, Mogadishu and Baidoa following public uproar. A…
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Business
Djibouti dismisses ruling on Doraleh, says ‘not surprised’
Djibouti has dismissed a ruling by the London Court of International Arbitration which found it in offense of breaching the…
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Business
Senate approves Petroleum Law, sets stage for oil licensing
The Petroleum Amendment Bill was passed Monday by the Senate in a move that now paves way for the country…
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Business
#2020BUDGET: Donor reliance ups, domestic revenue slows as security and defence get lion’s share
By T. Roble SUMMARY: Budget financing of the $476 million split half-way between Somalia and donors Domestic revenue projected to…
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Business
Somalia refutes oil licensing reports, says yet to launch rounds
Somalia has dismissed media reports the country has now launched the Oil Licensing Rounds and Productions Sharing Agreements. The Ministry…
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Business
#NDP9: What it entails and Somalia’s road-map to poverty reduction
By T. Roble The newly released 9th National Development Plan is anchored on four pillars namely economic development, social development,…
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Business
Somalia’s Central Bank orders immediate closure of forex accounts
The Central Bank has ordered closure of bank accounts held by forex trading companies in all commercial banks countrywide. In…
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