Somalia's Prime Minister Hamza Abdi Barre and Minister of Fisheries and Blue Economy Ahmed Hassan Adan during the inauguration of the Fisheries Week on July 4, 2024. [Courtesy, OPM, X] Somalia is now ...

Somalia's federal government has warned that the country faces significant fiscal risks unless an agreement is reached on a unified tax-sharing framework, after new data showed that only 3 percent of ...

LONDON (Reuters) -The closure of the U.S. Agency for International Development earlier this year hit Somalia's economy and tax revenues, the head of the country's development bank said on Tuesday. "In ...

Somalia's Deputy Prime Minister Salah Jama, Central Bank Governor Abdirahman Mohamed, Nira Director General Tima'adde and other ministers pose for a photo after signing of the partnership agreement.

Somalia’s domestic revenue collections grew by 12 percent to $369 million in 2024, lifted by rental and sales taxes, as Mogadishu battles to revert to a healthy financial position following billions ...

MOGADISHU, Somalia - Somalia is in the final stages of exploration of oil which would significantly improve its economic exploits, the government has announced, with the process being in the final ...

Development cash and humanitarian aid have poured into crisis-mired Somalia in recent years, but Hassan Mowlid Yasin - the head of a climate change nonprofit - has seen little spending he thinks would ...

The annual Muslim pilgrimage to Mecca is a time for celebration, not least among Somalia's livestock herders and traders who export millions of livestock to feed pilgrims. People buy sacrificial sheep ...

Somalia’s economic growth is forecast to contract significantly due to the negative impacts of COVID-19 (coronavirus), the locust infestation and extreme flooding. The economy is projected to contract ...