Somalia Clinches $257 Million Debt Relief Agreement with Abu Dhabi Development Fund
Mogadishu (AX) – In a move as monumental as it is symbolic, the Somali government has resolved a debt dispute with the Abu Dhabi Development Fund (ADFD) originating from the ill-fated Juba Sugar Factory project. This triumph sees $257 million etched off the slate, an encouraging milestone in Somalia's ambitious economic revival plan.
Amid the opulence of Dubai and the stimulating atmosphere of the World Government Summit, a simple yet momentous act took place. Somalia’s Finance Minister, Bihi Iman Igeh, alongside ADFD’s…