grants

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…

Mogadishu (AX) — The bicameral legislature of Somalia has greenlit a substantial budget of $1.36 billion for the fiscal year 2025, reflecting a robust increase of 24.4% over the previous year. This decision came during a parliamentary session held on Monday in the capital, Mogadishu. In attendance were 143 Members of Parliament and 32 senators. The First Deputy Speaker of the People's Assembly, Saadiya Yasin Haji Samatar, confirmed that an overwhelming majority of 172 lawmakers backed the budget, with only two MPs voting…

This was an expected step after Sudan was removed from the US list of countries supporting terrorism last week. The United States Congress finally granted "sovereign immunity" to Khartoum this Monday, December 21, and voted for financial support for the country. A last-minute text that was voted on Monday evening, December 21,…