Somalia

Mogadishu (AX) — Egypt’s Minister of Transport, Kamel El-Wazir, and a posse of Egyptian business folks are gearing up for a jaunt to Somalia soon. Their mission? To suss out promising chances for investment. Mahmoud Abdirahman Farah Benebene, the big cheese over at Somalia’s Ministry of Planning, Investment, and Economic Development, mentioned the crew’s visit is a springboard for yakking about and kicking off big infrastructure ventures. They’re especially keen on eyeing the nation’s ports for investments. Minister…

Emerging from its origins in the 1960s, Islamic finance has grabbed attention worldwide with its steadfast ethical guidelines. This unconventional financial system has resonated widely, even in the United States, bolstered by supportive conditions and political endorsement. Known for its financial wizardry and economic might, America has witnessed Islamic finance gain traction, drawing interest from both Muslim and non-Muslim circles alike. "Sukuk," often dubbed as Islamic bonds, stand out for their potential utility by…

Somalia's Leader Responds to Critics in Face of Governance and Security Struggles MOGADISHU, Somalia - Somalia's President, Hassan Sheikh Mohamud, has addressed his detractors at a time when the nation is grappling with external threats. He found himself in the hot seat, emphasizing that defending the reputation of the Horn of Africa is a collective duty. Clearly, Hassan Sheikh is battling external tensions with Ethiopia, while struggling to build bridges within the federal member states. Meanwhile, the…

Hargeisa (AX) — In a surprising twist, the North Western State of Somalia Electoral Commission has slapped a hefty penalty of 10 million North Western State of Somalia Shillings on both the Kulmiye and Waddani parties. Their crime? Jumping the gun on electioneering before the green light lit up. Tuesday brought forth revelations from the Commission's Ethics Committee, highlighting a breach of the sacred electoral code. The Ethics head honcho declared, “Both Wadani and Kulmiye felt the wrath of a 10 million fine each,…

MOGADISHU, Somalia (AXADLE) – Danger unfolded in Mogadishu as Somalia's telecom powerhouse, Hormuud Telecom, experienced a bold intrusion today. Armed individuals, sporting what appeared to be Somali government attire, burst into one of the company’s offices with a grievous agenda: to coerce a captive woman into making a cash withdrawal. According to a company announcement, a chaotic shootout ensued between the invaders and the office security detail, tragically ending the life of one attacker. "Two fellas wearing military…

Somalia Extends a Helping Hand with Scholarships for Sudanese Students MOGADISHU, Somalia - In a bid to transform lives, the Ministry of Education in Somalia has rolled out a scholarship initiative aimed at welcoming a number of students from Sudan. These students, having been caught in the turmoil of ongoing strife back home, now have a golden ticket to continue their education in Somalia. The main beneficiaries are individuals affected by the ferocious conflict that has swallowed much of Sudan, causing…

Saamigado has hit a big milestone, now rubbing shoulders with the Somali Stock Exchange (SSE). As trailblazers in online brokerage in Somalia, this collaboration unlocks fresh opportunities for investors just about anywhere. A New Chapter for Somali Investors The SSE’s birth in 2015 was a game-changer for Somalia. Saamigado's new membership highlights the financial sector's ongoing evolution. The stock market is now a vital arena for people and institutions alike to engage in trading, sparking economic growth. This move is…

Community elders and religious leaders in Guriel are raising awareness about the hazards of drug abuse. (Photo by Abdirisak Hajirow/Ergo)(ERGO) – In Somalia's Galgadud region, rural pastoralists face a worrying surge in Tramadol misuse, prompting concern among community leaders.The concerning rise in drug abuse, impacting crime and societal stability, is particularly alarming even among traditional communities, say authorities.Radio Ergo caught up with Abdinasir Ali Abdulle from Guriel, who's seen his world unravel due to…

Kenya's High Court Dismisses Attempt to Derail Impeachment Proceedings NAIROBI, Kenya - In a turn of events that could shake up Kenya's political landscape, the High Court has turned down a plea from Deputy President Rigathi Gachagua's legal team, allowing the Senate to proceed with debates on his impeachment. On Tuesday, Justice Chacha Mwita emphasized that legal proceedings should not halt parliamentary actions. The National Assembly recently passed the impeachment motion against Gachagua, who is accused of corruption…

Egyptian military advisors, instructors, and commandos are assisting Somali forces in battling Al Shabab militants.From left, Somali President Hassan Sheikh Mohamud, Eritrean President Isaias Afwerki, and Egyptian President Abdel Fattah El Sisi. Photo: AFPEgypt is amplifying its military presence in Somalia ahead of Ethiopia's December 31 deadline to withdraw, concurrently training and aiding Somali forces against Al Qaeda-affiliated militants, sources revealed to The National on Tuesday.Both Egypt and Somalia, belonging to…