financing

MOGADISHU, Somalia - Somalia stands on a precarious precipice, fighting to reclaim its lands from the grip of terror. With the resolute intent of ridding the nation of extremists, the federal government is zeroing in on the financial underpinnings of these merciless factions. Can Somalia finally pull itself away from the shadows of strife that have lingered for over twenty years? In the rugged and often unforgiving terrain of the Horn of Africa, Somalia has tirelessly fought the malignancies of Al-Shabaab and the escalating…

Somalia Scores Groundbreaking Climate Grant to Propel Eco-Friendly Farming Solutions MOGADISHU, Somalia – The narrative of Somalia's future took a turn during the Green Climate Fund's (GCF) Board meeting from October 21 to 24, 2024, in Songdo, Incheon, South Korea. Amid the discussions emerged a game-changer for Somalia's farming sector: an ambitious climate adaptation initiative known as "Climate Resilient Agriculture in Somalia (Ugbaad)." This project, set to revolutionize how Somalia tackles agricultural challenges,…

Mogadishu (AX) – Mohamed Hassan Hiis, the Communication Director for Jubbaland Regional State, has thrown some bold accusations at Somalia's presidency. He alleges they're bankrolling a negative campaign on social media aimed squarely at Jubbaland's head honcho, Ahmed Madobe.Hiis pointed his finger at Abdiqadir Ali Dige, Villa Somalia's communications chief, claiming he's the mastermind behind this orchestrated social media blitz to tarnish Madobe's reputation. "Mr. President, can you really bank on these delegations to…

In the Democratic Republic of Congo, the Minister of Finance and the resident representative of the International Monetary Fund will be seen on Monday 19 July. The opportunity for Gabriel Leost to officially inform Nicolas Kazadi about the decision of the IMF Board to validate a jointly established program. With our special…

Financing small businesses is crucial for Somalia MOGADISHU, Somalia - In Somalia, it is usually difficult for people to finance business ideas. Most of the UCITS are not designed to support business start-ups, not even where they are meant to make money. The understanding and culture for creating business ideas does not work. This has forced many promising business ideas not to start due to…

DOHA - Qatar has denied allegations of funding for Somalia's government politicians through intelligence chief Fahad Yasin, arguing that the allegations are "unfounded and ridiculous" in what could again trigger fierce opposition in the country. For decades, Doha has often been mentioned in Mogadishu's internal policies, but it has often blamed business rivals for "nurturing" propaganda in a way that jeopardizes her interests. The allegations were made by former US Ambassador to Somalia Stephen Schwartz. Doha claims…