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Japan Grants Somalia $100 Million in Debt Relief

Nairobi, AX — Somalia's government made waves on Thursday, announcing a significant milestone in their quest for economic stability. They've struck a deal with Japan to wipe out $100 million in debt, a move that aligns with their broader push for economic progress and debt resolution. Somalia's Finance Minister, Bihi Egeh, joined forces in Nairobi with Japanese Deputy Head of Mission Ogihara Hiroshi to seal this landmark arrangement. This act marks a substantial leap in Somalia’s debt cancellation journey. As Finance…

After Extended Delays, North Western State of Somalia Announces Election Preparedness

HARGEISA, Somalia - The northern enclave of North Western State of Somalia, which has set itself apart from the rest of Somalia, has reaffirmed its dedication to conducting a forthcoming regional presidential election. This move comes over three years after successfully facilitating a universal suffrage poll in the region. Essa Kayd, who's the region's foreign affairs chief, noted how this election marks a pivotal change. At last, upwards of a million registered voters will be allowed to directly cast their vote for a…

Somalia’s Leader Calls on German Companies to Fuel a Revolutionary Economic Resurgence

In the bustling city of Frankfurt, an intriguing meeting took place between Somali President Hassan Sheikh Mohamud and Christoph Kannengiesser, CEO of Afrika-Verein. The venue? The renowned German-African Investment Conference. Their purpose was clear: forging stronger economic ties and boosting investment between Somalia and Germany. The event was covered extensively by SONNA, Somalia's National News Agency. FRANKFURT, Germany (AX) — In a spirited rallying cry, President Hassan Sheikh Mohamud spoke with great enthusiasm to…

Banadir Court Head Cautions Mogadishu District Leaders to Steer Clear of Meddling in Property Conflicts

Mogadishu (AX)—On Monday, a stern caution resounded from Salah Ali Mohamud, the presiding judge of the Banadir Regional Court, aimed squarely at the district leaders of Mogadishu. His message was clear: stay out of court matters pertaining to land and property squabbles. Only the judicial system, not local district bigwigs, has the clout to handle and enforce legal verdicts in these disputes. Making his stance crystal clear, Mohamud put out a potent statement directed at the district officials who lately seemed to imply…

Trump Clinches Victory in North Carolina, Complicating Harris’ Route

The curtains have officially closed on the 2024 election polls, leaving the nation abuzz with anticipation as they await the results of a monumental presidential showdown: Will it be the controversial Donald Trump or the determined Kamala Harris triumphing in this historic contest? Key insights into the election: Kamala Harris has claimed victory in Nebraska's 2nd Congressional District, snagging a vital electoral vote in the process. Nebraska's largest city, Omaha, and its suburbs have aligned with Harris, following a…

Somali Prime Minister Welcomes EU’s Deputy Head for African Affairs

In a recent encounter that brought together minds from opposite ends of the global spectrum, Somalia's Prime Minister, Hamza Abdi Barre, sat down with Mathieu Briens, the European Union's Deputy Managing Director for Africa. This wasn't just a meeting of suits and ties but a convergence of ideas and aspirations aimed at putting Somalia on a robust path to a brighter future. The Somali national news agency, SONNA, was right on the scene, painting a picture of diplomatic engagement. Amidst the backdrop of this high-profile…

Turkish Drone Equipped with Missiles Crashes in Somali Village Under Al-Shabaab Control

Quote: "In the shadows of southern Somalia, significant developments are unfolding." These words best encapsulate the essence of a recent occurrence involving a drone crash in a location still under the sway of the militant group Al-Shabaab. On a seemingly typical Tuesday, an unexpected event stirred the atmosphere in the Lower Shabelle region of Somalia. Villagers in Farsooley, a small hamlet under Al-Shabaab's dominion, observed something unusual—a Turkish-made drone, armed to the teeth with missiles, took an…

US Erases $1.1 Billion of Somalia’s Debt in a Landmark Financial Deal

In a significant move, Somalia has announced the cancellation of over $1.1 billion in loans, roughly a quarter of their outstanding debt. Wow, isn't that a breath of fresh air? This declaration follows a string of similar commitments by lenders, freeing Somalia from financial shackles. The burden originated chiefly during Siad Barre's authoritarian rule, the aftermath of which led to civil chaos lasting three decades. The saga of heavy debt continued to loom large until now. President Hassan Sheikh Mohamud described the…

Somalia’s Leader Promises to Bring Home Citizens Without Residency in Germany

Mogadishu (AX) — Determined to extend a welcoming hand, President Hassan Sheikh Mohamud pledged to embrace Somali nationals boomeranging back from Germany. Post a notable meeting with Chancellor Olaf Scholz, Wednesday was the day for affirmations. "I'm all in for repatriating any Somali who hasn't snagged a residence permit or settled properly in Germany," Mohamud avouched to the German tabloid BILD. "We’re a changed nation. Safer, past the days of civil unrest," Mohamud stressed to BILD, echoing Somalia's rising…

Somalia’s Natural Wealth Faces a Diminishing Window of Importance

Somalia, a nation brimming with untapped potential, often gets overshadowed by what's apparently missing rather than recognized for the resources it conceals. Beneath its surface, hidden treasures await discovery—treasures that could lay the groundwork for a prosperous economy. The pressing question is: Will Somalia seize the moment, or will it merely stand by as global markets evolve, leaving its wealth to waste away? The nation's promise revolves around four key areas: fossil fuels, abundant fisheries, rich livestock,…