Via The Ugandan Monitor, a report on Ugandan President Museveni pledge to support Somalia in its bid to join the East African Community (EAC) : President Museveni has pledged to support Somalia in its bid to join the East African Community (EAC) and exploit trade opportunities that exist in the region. Mr Museveni said Somalia […]
Read more »Via the North Africa Post, an article on the first foreign banking licenses issued by Somalia in decades: Central Bank of Somalia (CBS) has recently granted its first two foreign banking licenses — to Turkey’s Ziraat Kat?l?m bank and Egypt’s Banque Misr — in decades as the country seeks to rebuild its financial sector and […]
Read more »Courtesy of The Economist, an article on Turkey’s diplomatic and corporate engagement into Africa: he recep tayyip erdogan hospital in Mogadishu, the capital of Somalia, is named after Turkey’s president. It has 47 intensive-care beds, more than any other in the country, but it does not treat covid-19 patients. “If we did, we would have to […]
Read more »Via Quartz, an article on how Somalis changed the face of money transfers worldwide: Somalia’s money transfer market is one of the most developed in the world, characterized by a large diaspora sending billions of dollars home in remittances each year and a local population that prefers mobile money to cash. Latest data from the […]
Read more »Via The Frontier Post, a report that Somali leaders have rejected a recently-signed oil deal: Somalia’s president and premier have declared null and void a deal signed by their energy minister with a US company to explore for oil and gas off the coast of the troubled Horn of Africa nation. Minister of Petroleum and […]
Read more »Courtesy of the Wall Street Journal, an article on Somalialand: Somaliland, a peaceful corner of violent Somalia, is offering the U.S. military use of a seaport and airfield overlooking strategic maritime routes in exchange for steps toward recognizing the region as a sovereign country. Hoping to capitalize on growing U.S. concern over Chinese expansionism in Africa, […]
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