Browsing Tag

revenue

Somalia, Türkiye sign Mogadishu port deals to drive trade and revenue

Somalia, Türkiye agree on Port of Mogadishu upgrades to boost trade, revenue MOGADISHU, Somalia — Somalia and Türkiye have agreed to develop new infrastructure projects at the Port of Mogadishu to expand trade, raise state revenue and improve efficiency at the country’s main maritime gateway, officials said Wednesday. The agreement followed talks in Mogadishu with a senior Turkish delegation led by Durmuş Ünüvar, Türkiye’s deputy minister of transport and infrastructure, signaling a renewed phase of cooperation…

Somalia’s Hirshabelle president sacks Hiiraan governor amid airport revenue dispute

Power struggle in Somalia’s Hirshabelle spills into the open with Hiiraan governor sacked Somalia’s fragile federal experiment is feeling the strain again, this time in Hirshabelle, where President Ali Abdullahi Hussein Guudlawe has dismissed the governor of Hiiraan region amid a dispute over who collects taxes at Beledweyne’s Ugaas Khaliif Airport. It is a small airfield by global standards, but control over its revenues has become a proxy for power in a state where budgets are thin and authority is contested block by…

Clash Over Revenue Control Erupts in Yaqbariweyne as Militias Face Off Against South West State Forces

Mogadishu (AX) — Things are heating up in Yaqbariweyne as the South West State troops gear up to take on local militias, stirring worries of a fresh conflict over who calls the shots and collects taxes in the area.Folks in Yaqbariweyne have mentioned that both factions are on high alert, causing the local populace to brace for what might come. Eyes and ears on the ground hint that the South West forces are keen on tightening their grip on the town, which has, for the past few months, been pretty much under the thumb of armed…

“There will probably be earnings sharing between

On Wednesday, March 31, the head of the Congolese mining company Gécamines launched a new subsidiary called the General Company of Cobalt. ECG aims to establish the state monopoly on the purchase, processing, conversion, sale and export of artisanal cobalt, which corresponds to 20% of the total cobalt mined in the country. Democratic Republic of Congo is the leader in the sector with 67% of world…