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Somalia’s development bank taps Deloitte for first-ever audit as it pivots from aid to investment The Somali Development and Reconstruction Bank has hired Deloitte for its first external audit, a landmark step for the state-owned lender as it seeks to cement transparency, strengthen governance and attract global investor confidence. SDRB said the independent audit began in December and will culminate in a published report in early 2026. The engagement with Deloitte covers not only financial statements but also internal…

Ethiopia Expresses No Desire for War, Pursues Peaceful Maritime Access ADDIS ABABA, Ethiopia - In a bid to ease growing tensions, Ethiopian Prime Minister Abiy Ahmed emphasized the country's disinclination towards any military engagement with Somalia. This statement comes amid friction over a recent deal with North Western State of Somalia, a self-proclaimed independent region, as he explained to the parliament. Back in January, Ethiopia, eager for sea access due to its landlocked status, made significant strides by signing…

Ruto remarked that Somalia stands ready to contribute significantly to global discussions on peace and security amidst a transformative period in global governance. Both Heads of State emphasized continued and open dialogues on shared interests. President William Ruto and Somalia’s Hassan Mohamud stressed the importance of peace, security, and stability across the Horn of Africa and the entire continent. This point was highlighted during their meeting at State House. While visiting Kenya on October 21-22, Mohamud…