By Mohamed Ibrahim Somalia’s banking sector is undergoing a quiet transformation, potentially marking one of the Horn of Africa’s most ambitious financial overhauls. Over the past decade, the country has made strides in rebuilding its banking institutions, embracing digital innovation, and introducing long-awaited reforms. But alongside this progress lies a stark reality – liquidity constraints,...
By Thoraya Abdullahi, The National News With a rise in investments, the port is emerging as a feasible alternative to current trading hubs in Africa such as Djibouti, experts say. While Houthi attacks in the Red Sea pose a clear and present danger to the vital trade artery and the rising port congestion in the region throws...
HARARE, Zimbabwe (AP) — When U.S. President Donald Trump met five African leaders in Washington this month, his lack of familiarity with the continent was on display. He praised Liberian President Joseph Boakai’s English — Liberia’s official language — and gestured at another leader to wrap up remarks. But the bigger takeaway was Trump’s pledge to transform...
In Somalia, internally displaced women who previously depended on food aid are growing spinach, tomatoes and leafy greens in hydroponic units with nutrient-rich water instead of soil. In the arid landscape of Baidoa, Somalia, a quiet agricultural revolution is taking root. Displaced by conflict and climate disasters, women like Amina Moallim Hassan are finding new purpose...
Addis Abeba ( Addis Standard) – Prime Minister Abiy Ahmed announced that Ethiopia will soon begin supplying domestically produced gas to the market for the first time in the country’s history. Speaking during the 42nd regular session of the House of Peoples’ Representatives, the Prime Minister said the government, following the 2018 political reform, signed...
Galkacyo (WDN)– Puntland President Said Abdullahi Deni has officially confirmed that Garacad Port will be handed over to a United Arab Emirates-based company as part of a major investment deal aimed at expanding regional trade and infrastructure. “The Garacad Port, which holds strategic economic significance for Puntland, has been under technical negotiations for some time,”...
Galkayo (WDN)-Women who operate small businesses in Galkayo’s main market took to the streets on Saturday to protest what they describe as forced evictions by the city’s municipal government. The demonstrators, many of whom rely on street vending for their livelihoods, blocked the central highway in Galkayo, effectively halting traffic in the heart of the...
Garowe (WDN– In a significant step toward improving urban infrastructure and public health, the Municipality of Garowe and the construction firm TTN officially signed a landmark agreement to kickstart the long-anticipated Water Drainage Project for the capital city of Puntland. The agreement, which marks the beginning of the project’s first phase, was hailed by local...
By Ali Jama’a License Breaches and Unfair Advantage Ziraat Katilim operates under a restricted license in Somalia—one that expressly prohibits banking services to retail customers, micro-enterprises, and small enterprises. Despite this, evidence suggests the bank has flouted these limits, onboarding customers it is legally barred from serving. The Central Bank of Somalia mandates that all...
US President Donald Trump’s top Africa envoy laid the groundwork this week for a minerals deal in DR Congo.But any deal between Washington and Kinshasa is dependent on the US helping to negotiate peace in the African nation’s troubled eastern region, according to two people who were present for some of the meetings. After the...