Salaam

Djibouti Bets Big: President Guelleh Launches $480 Million "Salaam City" DJIBOUTI CITY — In a bold push to tackle soaring housing needs amid brisk economic expansion, H.E. Ismail Omar Guelleh, President of the Republic of Djibouti, on Monday unveiled a $480 million residential venture known as “Salaam City.” Driven by developer Salaam Real Estate, the project will convert a vast tract on the edge of Djibouti City into a contemporary urban center, which officials describe as among the nation’s most ambitious housing efforts…

Hormuud Salaam Foundation pledges $700,000 for Somalia drought relief MOGADISHU, Somalia — The Hormuud Salaam Foundation said it is committing $700,000 in emergency aid to families hit by severe drought across south-central Somalia, aiming to deliver water, food and other essentials as conditions deteriorate. The foundation — the humanitarian arm of Hormuud Telecom and Salaam Somali Bank — said the funding will target communities facing worsening shortages after months of below-average rainfall that have dried traditional…

Museveni joins Salaam Bank to launch Uganda’s first Islamic insurance company KAMPALA, Uganda — President Yoweri Museveni on Wednesday inaugurated Tamini General Insurance alongside Salaam Bank, unveiling Uganda’s first Shari’ah-compliant insurer and marking a new chapter for Islamic finance in the country. The launch at Millennium Park in Kampala coincided with an iftar dinner attended by senior government officials and leaders of the Muslim community. Tamini General Insurance, a subsidiary of Salaam Group, will operate on…

MOGADISHU, Somalia — The Hormuud Salaam Foundation has distributed cash grants to vulnerable women and internally displaced people in Mogadishu, marking the 14th consecutive year of its large-scale Ramadan relief program, the organization said Saturday. The charitable arm of Somalia-based companies Hormuud Telecom and Salaam Somali Bank focused support on the Gaari Dumar Women’s Development Center and the Somali Women and Youth Care Organization as part of its Ramadan Iftar and Support Project for the Needy. "Today, we…

Hormuud Salaam Foundation ramps up Ramadan food aid for families, hospital and people with disabilities MOGADISHU, Somalia — The Hormuud Salaam Foundation has launched an expanded round of Ramadan relief across Mogadishu, delivering food assistance to low-income families, mental health patients and people with disabilities as part of its 14th annual Iftar and Support Project. The foundation says this year’s campaign aims to reach more than 67,000 vulnerable people nationwide. The latest distributions spanned multiple sites…

Hormuud Salaam Foundation delivers Ramadan aid to prisoners and war veterans in Mogadishu MOGADISHU, Somalia — Hormuud Salaam Foundation has delivered food, clothing and financial assistance to inmates at Mogadishu Central Prison and to disabled Somali National Army veterans, expanding its annual Ramadan aid drive across two of the capital’s most vulnerable communities. The foundation — the humanitarian arm of Hormuud Telecom and Salaam Somali Bank — opened the latest phase of its campaign on Sunday with a visit to the…

Hormuud Salaam Foundation backs orphan care and vulnerable families in Ramadan push MOGADISHU, Somalia — Hormuud Salaam Foundation has provided new financial support to two community organizations in the Banadir region, donating $10,000 to Maamo Ugaaso Foundation and aiding 120 vulnerable people through the Somali Women Development Center (SWDC) as part of its Ramadan outreach and 14th annual Iftar Program. The $10,000 grant to Maamo Ugaaso Foundation will bolster services at the center, which cares for orphaned girls and…

Mogadishu’s new bet on green and blue jobs aims at a generation shut out of opportunity MOGADISHU — On a warm morning in the Somali capital, officials and bankers gathered under a tented pavilion to unveil a project that reads like a roadmap for a country trying to turn deep challenges into opportunity. The United Nations Development Programme and the Hormuud Salaam Foundation announced an 18-month partnership designed to funnel training, digital tools and finance into Somalia’s “green” and “blue” economies — and,…

Somali businesses step in to turn displacement into livelihoods MOGADISHU — On a sun-baked morning in a sprawling camp on the outskirts of Mogadishu, the signs of lives interrupted are unmistakable: corrugated iron shelters clustered along dusty tracks, makeshift stalls selling tea and charcoal, children weaving between tents. For many inside, the question is no longer just where to sleep tonight but how to rebuild a future when formal jobs are scarce and public services thin. Into that breach this week stepped an alliance…

Banking on Recovery: How Salaam Somali Bank is Center Stage in Somalia’s Economic Reinvention In a country where the pulse of daily life is often set by drought cycles, clan politics and the steady flow of money from abroad, a bank has quietly become a barometer of Somalia’s recovery. Salaam Somali Bank (SSB), reconstituted in 2009 after decades of state collapse, is positioning itself as more than a commercial lender: it is a public utility, a bridge to the diaspora, and a partner in climate resilience. From…