By Nuzulack Dausen, and Omar Mohammed DAR ES SALAAM/NAIROBI (Reuters) – Africa’s youngest billionaire, snatched a week ago off the street outside a luxury hotel in Tanzania, has returned back home safely, police said on Saturday. Mohammed Dewji, 43-year-old CEO of the METL Group family conglomerate, was seized as he arrived for a morning workout...
November 9, 2026
Category: Market Bazaar
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Somalia and Somaliland: training for government finance officials
CIPFA’s work to improve public financial management, reporting and public audit around the world continues at pace. Bid and programme manager Sara Breen speaks to PF International about training civil servants in Somalia and Somaliland. Tell us about the project The World Bank wanted to develop a training programme for government finance professionals in Somalia, specifically the...
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Dutch cancel Saudi trade mission over missing journalist: spokeswoman
AMSTERDAM (Reuters) – The Dutch government on Thursday canceled a trade mission to Saudi Arabia next month due to concerns over the disappearance of dissident journalist Jamal Khashoggi, a spokeswoman said. “All trade missions to the country have been suspended for now”, a spokeswoman for PSPS Consultants, which had organized the trip for the government,...
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Investors keen to grow mobile money in Somaliland
Mohammed Ahmed Ismail, a currency exchanger, waits for clients in Somaliland’s capital Hargeisa. PHOTO | COURTESY On the dusty streets of Somaliland’s capital Hargeisa, Mohammed Ahmed Ismail is arranging paper money in his tidy, waiting for clients who wish to exchange foreign currency. Ismail has more than five years experience in the trade. Together with...
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First commercial flight in 40 years links Ethiopia to Somalia
Mogadishu (AFP) – An Ethiopian airline on Saturday made the first commercial flight between Addis Ababa and Mogadishu in 41 years, in yet another sign of warming ties between neighbouring Horn of Africa nations Ethiopia and Somalia. A plane from the private airline Ethiopia National Airways landed at Mogadishu’s Aden Adde airport, and will conduct...
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Doctor-coptor VIDEO: DHL drone delivers medicines in East Africa
A DHL-led pilot project to deliver medicines by parcel drone to remote areas in Kenya, East Africa, has completed more than 180 take-offs and landings. During a six month test period, the German logistics giant, together with Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) and drone manufacturer Wingcopter, flew the rapid response drone over a total distance of...
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In Nigeria, Shell’s onshore roots still run deep
BODO, Nigeria (Reuters) – Royal Dutch Shell wants to reweight its footprint in Nigeria to focus on oil and gas fields far offshore, away from the theft, spills, corruption and unrest that have plagued the West African country’s onshore industry for decades. But for the company that pioneered Nigeria’s oil industry in the 1950s, the...
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Ethiopia leads hotel expansion in East Africa
Ethiopia currently heads the league for hotel development in East Africa, according to a regional focus from the influential annual hotel pipeline survey by Lagos-based W Hospitality Group. Details of the survey, which covers the whole of the African continent, will be one of the key discussions at the Africa Hotel Investment Forum (AHIF), which...
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African Development Bank’s Board approves Policy on Non-Sovereign Operations
ABIDJAN, Ivory Coast, — The Board of Directors of the African Development Bank Group has approved the Bank’s Policy on Non-sovereign Operations (NSO). The document provides the framework within which the Bank through its private sector lending window may provide financing or investment without sovereign guarantees to private and public entities that meet specific eligibility...
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Mobile money overtakes cash in Somalia
NAIROBI, Kenya, – Approximately 155 million mobile money transactions worth US$2.7 billion are conducted in Somalia every month, making it one of the most active mobile money markets in the world. According to a World Bank finding, mobile money has superseded the use of cash in the country, with over 70 percent of adult Somalis using...