By Abdulkadir Hussein Primary consumer who facilitates profitable market but devoid of return For imports of human consumption and use, the populations living in the regions which constitute Southwest Sate of Somalia have always depended primarily on the goods and commodities imported at the seaport of Mogadishu. Potentially, they may be considered to be the...
November 9, 2026
Category: Market Bazaar
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African Development Bank signs $830,000 grant agreement to improve climate resilience for communities and ecosystems in Ethiopia
ACCRA, Ghana, The African Development Bank (www.AfDB.org) has signed an $830,000 technical assistance grant agreement for Ethiopia. The funds will help mainstream climate risk management, gender and resilience into economic planning and development in the country’s Ziway-Shallah sub-Basin. The signing took place on Thursday 26 May during the African Development Bank Group’s 2022 Annual Meetings,...
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IMF extends Somalia funding following election
The International Monetary Fund has agreed to extend the duration of a crucial aid package to Somalia, a senior official said, following a long-overdue presidential election last weekend. The three-year $400-million (380-million-euro) aid package from the IMF had been set to automatically expire on May 17 if a new administration was not in place by...
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Somalia: Aptech Africa to invest in solar energy for drinking water
Aptech Africa recently commissioned a solar powered reverse osmosis water treatment plant in Caynabo, Somaliland. This project was funded by UNDP and used a reverse osmosis system supplied by Genius Water. The system has a nominal flow is 6m3/s. The flexotank capacity is 45m3/s which can fill at least 4 trucks daily, while four distribution...
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Somaliland capital counts cost of devastating blaze
Stunned residents of the northern Somali city of Hargeisa were struggling to pick up the pieces Sunday after a massive inferno destroyed the central market, and with it the livelihoods of thousands. The mayor of Hargeisa, capital of the breakaway region of Somaliland, estimated the blaze that engulfed the Waheen market had caused losses of...
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East Africa Bloc Becomes $250 Billion Market as Congo Joins
The Democratic Republic of Congo joined the East African Community, bringing the regional trading bloc’s market size to a quarter of the continent’s population and providing it with access to the Atlantic Ocean. The mineral-rich nation became the EAC’s seventh member after heads of state agreed to its request to join the $193.7 billion group....
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Sweden invests in resilient rural communities in Somalia
ROME, Italy, APO Group- Renewed funding from the Swedish International Development Cooperation Agency (Sida) will support ongoing efforts to build the resilience of riverine farmers in the Jowhar corridor by improving water access and management to boost productivity. The Government of Sweden’s timely contribution to Somalia through the Swedish International Development Cooperation Agency (Sida) of...
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Ethiopian names ASKY head as new chief executive
Ethiopian Airlines has named Mesfin Tasew Bekele, its former chief operating officer and the current head of its joint-venture carrier ASKY Airlines, as its new chief executive. He will succeed Tewolde GebreMariam, whose early retirement due to ill-health was announced by the airline yesterday after more than a decade leading the Star Alliance carrier Tasew served has...
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Ethiopian Airlines CEO resigns over health issues
ADDIS ABABA, (Reuters) – Ethiopian Airlines CEO Tewolde Gebremariam, who transformed the airline into Africa’s biggest carrier, said on Wednesday he had resigned to focus on his medical treatment. In an internal memo to employees seen by Reuters he said he had had health issues for almost a year and had been working from the...
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AU urges Africa to utilise fast-developing digital market
Addis Ababa – Africa should seize the fast-developing digital market space so as to boost access to goods and services across the continent, Monique Nsanzabaganwa, deputy chairperson of the AU Commission, said. The AU Commission deputy chief made the remarks on Tuesday as the African continent joined the global community in commemorating the 39th World...