Arusha (WDN) – The East African Community (EAC) has reaffirmed its commitment to launching a single regional currency by 2031, marking a significant milestone in the bloc’s long-term vision of creating a more integrated and prosperous East Africa. The revised timeline comes after the original implementation schedule was delayed due to the economic disruptions caused...
Bosaso (WDN)– Puntland’s most important commercial hub has remained at a standstill, with port operations and business activities suspended after a dispute over increased port charges forced traders to halt operations. The shutdown has also sparked growing public protests across the coastal city of Bosaso, raising concerns about the broader economic impact on Puntland and...
JOHANNESBURG, (Xinhua) — African airlines have called for stronger cooperation to tackle rising operating costs, regulatory fragmentation and other challenges facing the continent’s aviation industry. The call was made at the 14th Aviation Stakeholders Convention held in Johannesburg from Sunday to Tuesday, which brought together airlines, regulators, airport authorities, financiers, and aviation solution providers from...
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...
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...
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...
Basillioh Rukanga and Richard Kagoe, BBC News Somalia says it is ready to begin its first offshore oil drilling operations, with a Turkish government-owned drilling ship expected to arrive off its coast on Friday. The move follows the successful completion of seismic surveys last year by a Turkish research vessel. In a post on X,...
MOGADISHU – Somalia’s first offshore oil drilling campaign carries both economic and geopolitical significance, said a top Somali official on Sunday. “If successful, it could strengthen Somalia’s prospects for resource-led growth while also reinforcing Türkiye’s role as a trusted long-term partner in the country’s development,” Ali Omar, the state minister for foreign affairs, said in...
By Save the Children Mogadishu– Prices for food, fuel and water in Somalia soared in March, with conflict in the Middle East compounding a humanitarian emergency in the already fragile country where one in three people are going hungry. Fuel prices in Mogadishu surged 150% in March, from $0.60 to $1.50 per liter ($2.27 to...