Somalia’s economy is projected to grow at an annual rate of 3–4 percent, according to the third Somalia Economic Update (SEU) published by the World Bank.
The Federal Government of Somalia and the World Bank have launched the flagship infrastructure project in Somalia.
The president of the Federal Republic of Somalia Mohamed Abdullahi Farmajo is leading efforts to consolidate gains made at the Forum on China-Africa Cooperation by facilitating the prospect of a tripartite agreement.
As part of his visit to China on the sidelines of the FOCAC Summit, President of the Federal Republic of Somalia H.E Mohamed Abdullahi Farmajo visited Huawei's Beijing Executive Briefing Center and met with Yi Xiang, Senior Vice President at Huawei.
The membership COMESA has risen to 21 following the admission of Tunisia and Somalia at the 20th Summit of the Heads of State and Government in Lusaka, Zambia.
The African Development Bank has participated in a signing ceremony that occasioned Italy’s contribution of €1 million to the Somalia Infrastructure Fund.
Ministry of Post, Telecom and Technology is facilitating the establishment of Somalia’s first Internet Exchange Point in Mogadishu.
Somalia calls for international cooperation to stop the illegal charcoal trade. Over 80 percent of charcoal produced in Somalia is exported to the Gulf States and neighbouring countries.
8.2 million trees were cut down for charcoal in Somalia between 2011 and 2017, increasing land degradation and food insecurity. Illegal trade in charcoal acts as a major source of funding for militias and terrorist groups such as Al Shabaab, who illegally tax exports.
Somalia has celebrated this year’s Girls in ICT day with the launch of an initiative to create gender parity in Somalia’s ICT industry.
The African Development Bank has launched the Say No to Famine – Short-Term Regional Emergency Response Project, STRERP, for Somalia.
Somaliland among the first beneficiaries of the 50 Clean Energy Projects initiative by ImpactPPA and Earth Day Network
Decentralized renewable energy company ImpactPPA and Earth Day Network have announced an initiative to install clean energy systems at 50 facilities by 2020.
The German Government announced its commitment of EUR 23.4 million to support infrastructure work in Somalia.
The Central Bank of Somalia and Somali Financial Institutions are taking crucial steps to modernize national payments systems.
VT iDirect, Inc.a company of Vision Technologies Systems, Inc. has announced that Dalkom Somalia has installed an iDirect Hub and will leverage iDirect’s series remotes to provide high-speed satellite connectivity in Somalia.
The federal government of Somalia officially has taken over the control of its airspace and launched the opening ceremony of the airspace control tower at Aden Abdulle International Airport in Mogadishu last Thursday.
Mazda Southern Africa has launched the Mazda Southern Africa Foundation Non Profit Company.
A joint initiative of the African Development Bank (AfDB) and the Islamic Development Bank (IsDB) will boost agriculture value chains and enhance drought resilience in Nigeria, Somalia and Uganda.
Building on the success of the initial phase of their partnership, Emirates and flydubai have announced 16 additional destinations to which Emirates’ passengers will be able travel on a single ticket.
Innovate Ventures, the Somali tech and business startup accelerator launched in partnership with VC4A, Telesom and the Work in Progress! Alliance, had their second cohort of 10 startups from Somaliland and Somalia graduate from their programme.
Global trade enabler DP World will develop a greenfield economic free zone in Somaliland to complement the development of the Port of Berbera, which has seen record container volumes under DP World management.
Authorities in Somaliland, along with the World Bank, have launched the first round of funding in the Bank’s flagship job creation program, the Somali Business Catalytic Fund (SBCF).
Global aviation technology company Leonardo has strengthened its presence in Africa in the field of air traffic control with the signing of two agreements to provide ATC systems in Somalia and Sudan.
World Bank has launched a comprehensive analysis of the welfare conditions of the Somali population
Janus Global Operations has been selected to provide risk management and security for the European Union organization working to help build maritime civilian law enforcement in Somalia.
The United Nations Development Programme (UNDP) has handed over 600 solar powered lanterns to Somalia’s Federal Ministry for Humanitarian Affairs and Disaster Management.
The Upper House of Somalia's parliament has passed the National Communications Act, which was earlier passed by the National Assembly on August 9, 2017.
[Somalia] Electro Power Systems integrate wind energy to existing microgrid to meet growing power demand
Extension of microgrids in Somalia’s north eastern town of Garowe is currently on-line, Electro Power Systems S.A, technology pioneer in energy storage systems and microgrids, has said.
Somalia’s economy is projected to grow at a steady, nominal annual rate of 5% to 7% over the medium-term, according to the second Somalia Economic Update to be published by the World Bank Group. "
African Property Group is launching eight new websites in emerging African nations that will allow the populations to search for properties, using their computers or mobile phones.
Air Arabia, the Middle East and North Africa’s first and largest low-cost carrier (LCC) has announced that Hargeisa will be the newest African destination added to its growing international network.
The Somali government and high level business actors have endorsed a Public-Private Cooperation Agreement to Accelerate Somalia’s Economic Recovery.
Global trade enabler DP World has celebrated its 30-year port concession for the management and development of a multipurpose port project at Berbera, Republic of Somaliland which started on 2 March 2017.
Innovate Ventures is running for a second year their highly successful tech start-up accelerator – The Innovate Accelerator.
New carrier Djibouti Shipping Lines (DSL) is planning to launch a container shuttle service in April connecting Djibouti to Berbera (Somaliland), according to reports.
[Somaliland] Africa Water Facility sinks $3.2 million to build climate change resilience and reduce water stress
The African Water Facility (AWF) has held a launching ceremony and workshop to officially kick-start the Water Resources Management and Investment Plan project for Somaliland.