Somalia offers production sharing agreements for upstream petroleum operations. Following years of instability the government has launched its First Offshore Licensing Round, which will continue into 2020. New legislation to accompany the round is awaiting enactment by parliament. If enacted, the new legislation would implement a royalty of between 5-35% and a profitability-based profit sharing...
Rabat – Morocco inked a framework agreement with Djibouti to strengthen bilateral cooperation in the fields of energy, mining, and geology on Monday, December 16, in Rabat. The Moroccan Minister of Energy, Mining and Environment Aziz Rabbah signed the agreement with the Minister of Energy in charge of Natural Resources of the Republic of Djibouti,...
INTRODUCTION: National Economic Council hosted its third-high level National Economic Policy Forum on the 7th and 8th of December 2019 in Mogadishu Somalia. Over 200 participants attended the forum. The theme of the National Economic Policy Forum was ‘Essential Reforms for Stability and Sustainable Economic Growth’. The discussion of the 3rd NEPF forum focused on...
Mogadishu is coming to life, again. These days, Mogadishu’s beautiful beaches are a hive of activity. Nestled in the north of the Somali capital is Liido Beach, a popular hangout spot surrounded by beautiful hotels and restaurants. These are a favourite weekend getaway for many local residents, who go there to relax and enjoy their...
BY: ALFRED CHUA Dubai – Boeing has inked two services agreements with Saudi Arabian Airlines and Ethiopian Airlines on the sidelines of the show. With Saudia, Boeing will provide digital navigation charting services, under an agreement that also includes Jeppesen Flitedeck Pro, its electronic flightbag solution. The agreement, which spans five years, will cover both Saudia’s main line, as well as...
NAIROBI (Thomson Reuters Foundation) – Kenya will launch its first localized weather modeling system early next year, providing key data on how climate change will impact crop production across the east African nation in the decades to come, the project’s founder said on Tuesday. Developed by researchers at Kenya’s Jomo Kenyatta University of Agriculture and...
The Commercial Bank of Ethiopia and Ethiopian Airlines are bracing their business partnership by introducing new joint transaction services. In a joint press conference held on Wednesday at Ethiopian Skylight Hotel executives of the Commercial Bank of Ethiopia (CBE) and Ethiopian Airlines have announced that they are forging new partnerships. The officials launched a co-branded...
ABIDJAN, Ivory Coast — Five Horn of Africa countries have launched an initiative to forge closer economic ties, building on the improving political climate in the sub-region. The initiative was formalized on 18 October, on the sidelines of the World Bank Group/IMF Annual Meetings in Washington DC. The countries agreed on priority projects and programs...
Minister of Transport and Communications, H E Jassim bin Saif Al Sulaiti (right), witnessed the signing of a preliminary agreement between Qatar and Somalia for the ‘Mutual Inclusion of Each Other’s Territories in the Service Areas of their Satellite Network’ on the sidelines of the Qatar IT Conference & Exhibition (QITCOM 2019). Afterwards, the Minister...
Tucking into fresh seafood on a boat anchored in clear turquoise waters, which serves as a floating restaurant, Ahmed Yusuf can hardly believe he is in Mogadishu. Nearby, on the pristine white shores of Lido beach, children scamper in pursuit of a football while locals stroll along or take a dip in the shallows of...