Somalia’s largest telecom operator, Hormuud Telecom Somalia Inc, has announced a new initiative aimed at accelerating digital inclusion by addressing one of the country’s key barriers to connectivity: smartphone affordability. According to the company, Somalia already has broad 4G network coverage reaching most parts of the country. However, a significant portion of users still rely on...
China on Friday extended zero-tariff treatment to all African countries with which it maintains diplomatic relations, a move aimed at strengthening trade ties and supporting industrial development across the continent, according to state-run media. Under the new policy, tariffs have been removed on imports from 53 African nations, including emerging economies such as Kenya, Egypt,...
By Bashir M. Sheikh Ali Somalia acceded to the East African Community (EAC) in December 2023 and deposited its instrument of ratification in March 2024, becoming the bloc’s eighth Partner State. The accession was received with genuine optimism in Mogadishu. President Hassan Sheikh Mohamud had pursued membership energetically since his return to office in 2022....
By Hassan Mohamed Oshen LLC Somalia is moving toward digital systems. From education platforms to financial services and public administration, the language of “digital transformation” is no longer aspirational. It is now part of the national direction. Government leaders, development partners, and private actors all speak of modernization as both necessary and urgent. At the...
(ERGO) – Local traders in central Somalia have stopped extending credit to customers buying food and other necessities from their shops, revealing the stark impact of prolonged drought on pastoralist livelihoods and the overall economy. Mohamed Ali Farah, a shop owner in Adado in Galgadud region, told Radio Ergo that he has credit accounts with more...
By Isha Qarsoon This is the third of three analytical essays examining the Agreement in the Field of Hydrocarbons concluded between the Government of the Republic of Turkey and the Federal Government of the Federal Republic of Somalia, signed in Istanbul on 7 March 2024 (the “Agreement”). The first essay examined what operational and regulatory...
By Isha Qarsoon This is the second of three analytical essays examining the Agreement in the Field of Hydrocarbons concluded between the Government of the Republic of Turkey and the Federal Government of the Federal Republic of Somalia (FGS), signed in Istanbul on 7 March 2024 (the “Agreement”). This essay measures the Agreement’s commercial terms...
WardheerNews Editorial Somalia’s accession to the East African Community in 2023, is a significant step that brings economic growth and unlocks new trade opportunities for the Somali people, whose entrepreneurship presence is already visible across member states. Despite that, Somalia’s membership has faltered, and it could end up losing its status. So far, the nine-member...
Sertan Sanderson, DW journalist Turkey is ready to look for oil off the coast of Somalia: The country’s deep-sea exploration vessel Cagri Bey arrived off the coast of Mogadishu last week, ready to extract black gold amid ongoing global shortages due to the Iran war. The drill is intended to reach a depth of 7,500 meters (4.5 miles) into...
AFCADDE, Ethiopia (AP) — The critical note in some of the world’s most well-known perfumes is myrrh, a tree resin from the Horn of Africa that is under pressure from what experts say has been a historic drought. Threatened by the lack of water and nibbled by starving livestock, the trees that once formed a dense...