Business

Somalia aims to reduce poverty, pump up infrastructure after debt erased

By REUTERS Somalia will press ahead with poverty reduction efforts and a major regional ports and corridors initiative if international…

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IMF chief assures Somalia of support to clear debts

The International Monetary Fund has expressed its support towards Somalia’s debt relief process. The lender’s managing director Kristalina Georgieva said…

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Your figures don’t add up, Beileh tells Auditor General

By T. Roble SUMMARY Beileh says Auditor General’s figures do not tally with that at the Central Bank FGS and…

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SECCCO: Transformation through sustainable energy cookstoves

GAROWE, PUNTLAND: Just like the sun rises on the east and sets in the west, so is the need to…

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At least $10m not adequately accounted for- Audit report

By. Roble At least $10 million dollars was spent in 2018 by state institutions without adequate support documents to account…

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Close to $20m aid money not accounted for- audit report

By T. Roble About $20 million in donor aid was not deposited at the Treasury Single Account at the Central…

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Finland announces additional $8.9m to Somalia Multi-Partner Fund

The Finish government has announced an $8.9 million contribution to the Somalia Multi-Partner Fund bringing to a total of $13.4…

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UN, partners hail debt relief talks between Fed. Govt and states

The UN and other donor partners in Somalia have welcomed the recent talks between the Federal Government and state governments…

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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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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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