financial

By Abdullahi Farah AbdullahiMonday April 13, 2026 1. Hordhac iyo Muhiimadda Shilin Soomaaliga Shilin Soomaaliga, oo ah lacagta rasmiga ah ee Jamhuuriyadda Federaalka Soomaaliya tan iyo 1962, wuxuu muddo dheer ka mid ahaa astaamaha ugu waaweyn ee dhaqaalaha dalka. Waxaa lagu bixin jiray mushaaraadka shaqaalaha dowladda, canshuuraha ayaa lagu uruuri jiray, ganacsiguna si caadi ah ayuu ugu socon jiray. Xilli nidaamka maaliyadeed uu lahaa qaab dhisan, Shilinku wuxuu ka tirsanaa lacagaha bulshada iyo ganacsatadu si buuxda ugu…

With energy markets jolted and anxiety spreading through the global economy, G7 finance ministers and central bank chiefs met today to confront the fallout from the war in the Middle East. The crisis escalated after the United States and Israel launched strikes on Iran in late February. Tehran responded by targeting crude-exporting states across the region and stopping most shipments moving through the Gulf. That blow to supply has driven oil and natural gas prices sharply upward, sending disruptive aftershocks through…

Iran threatened to target U.S.- and Israeli-linked economic assets — including banks — in a warning that underscores the risk of the conflict spilling from the battlefield into financial and digital infrastructure across the Middle East and beyond. The scope, timing and method of any potential action were not immediately clear. The statement signals that economic targets, such as banking networks and associated services, could come under pressure, heightening concerns about cyberattacks, sanctions-related retaliation, or…

MOGADISHU, Somalia — Somalia’s federal government says al-Shabab is facing mounting financial strain after a string of operations that killed senior operatives overseeing the group’s revenue networks and a sustained push to dismantle its funding channels. State news agency SONNA reported Saturday, citing intelligence sources, that the al-Qaida-linked group is struggling to reconstitute income streams amid a coordinated financial offensive aimed at its economic backbone. Independent verification of the internal figures was…

Somalia’s NISA kills Al-Shabaab finance chief in targeted operation MOGADISHU, Somalia — Somalia’s National Intelligence and Security Agency, working with international partners, killed Abdullahi Hassan Abdi Cosoble — widely known as Abdullahi Wadaad — in a planned operation on Jan. 23 in the Kuunyo Barrow area of the Lower Shabelle region, the agency said. NISA identified Wadaad as the militant group’s chief financial commander, overseeing the collection and management of money illegally extracted from Somali citizens.…

MOGADISHU, Somalia — Somalia is bracing for tighter finances after the United States reduced foreign aid, a move officials say is already disrupting assistance and development services across the country. State Minister for Foreign Affairs Ali Omar Ali, known as Ali Balcad, said the government has “recognized this change and is trying to adapt,” framing the shift as part of a broader recalibration of U.S. foreign assistance rather than a Somalia-specific decision. He added that Washington still maintains strategic interests…

Luxembourg regulator on the hot seat as finance, diplomacy and activism collide Regulatory shuffle sparks protests In a story that folds finance into foreign policy, Luxembourg’s financial watchdog is set to face questioning by lawmakers after approving paperwork that allows Israel to sell bonds into the European market. The decision follows a move at the start of September when Israel shifted the authorisation for its bond prospectuses from the Central Bank of Ireland to Luxembourg’s regulator. The move has been…

The Hemorrhage: Africa's Battle Against Illicit Financial Flows As the sun rises over the sprawling cities of Africa, it casts a light on an urgent issue plaguing the continent: illicit financial flows. While Africa is rich in resources and potential, it is estimated to lose a staggering U.S.$88 billion each year due to tax evasion, money laundering, and corruption. This figure, a steep jump from U.S.$50 billion just eight years ago, paints a bleak picture of a continent struggling against forces that siphon away its…

Somalia's U-17 football squad squared off against Algeria in a crucial Africa Cup of Nations match, their performance a testament to their determination on the field. Wearing their distinctive blue kits, the young Somali players worked tirelessly to thwart Algeria’s aggressive advances, showcasing remarkable tenacity and skill. Mogadishu (AX) — In Uganda, the stage is set for the U-17 CECAFA qualifiers. Here, East and Central Africa's burgeoning football maestros will strive to claim their spots in the prestigious 2025…

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…