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U.S. Deploys Troops to Nigeria for Counter-Terrorism Efforts The U.S. Command Africa (AFRICOM) commander, General Dagvin Anderson, has announced the deployment of a small team of U.S. soldiers to Nigeria. This move comes as part of a mutual agreement between the U.S. and Nigeria aimed at strengthening counter-terrorism efforts in the region. This development signifies the first official acknowledgment of U.S. troops on the ground in Nigeria since U.S. airstrikes last December. The decision follows President Donald Trump's…

Denmark is weighing the use of small modular nuclear reactors to bolster its power supply, a move that would require lifting the country’s 1985 ban on nuclear energy, the Climate and Energy Ministry said. A government framework to examine the “potentials and risks” of new nuclear technologies—and to study ending the moratorium—is now in place, the ministry added. “Green energy from solar and wind is now and will continue to be the backbone of the Danish energy supply, but we can also see that it cannot stand alone,” Climate,…

EU finance ministers have agreed to impose a €3 duty on every small parcel imported into the 27-nation bloc starting 1 July next year, a measure aimed at stemming a flood of ultra-cheap e-commerce shipments from platforms such as Shein and Temu. The flat levy follows the bloc’s move last month to scrap a duty exemption for direct-to-consumer packages valued at less than €150. An EU spokesperson said the €3 charge will be temporary and will remain in place until member states settle on a permanent approach to taxing the…

Somali Troops Reclaim Key Location Amid Slow Progress in Fight Against Al-Shabaab MOGADISHU, Somalia – The Somali National Army (SNA) has reclaimed Ali Yabal, a crucial town situated approximately 18 kilometers from Eeldheer in the Galgaduud region, from Al-Shabaab militants. This development marks a notable advancement for government forces after over a year of sluggish movement in their campaign against these insurgents. The specifics of this maneuver remain somewhat elusive. The SNA has indicated that this was part of a…

Salaam Somali Bank Provides Micro Credit to Small Businesses in Mogadishu MOGADISHU, Somalia - The Salaam Somali Bank, which is a leading private bank in Somalia, continues to contribute to the country's economic growth by providing free microfinance funds to develop small businesses. On Thursday August 19, 2021, the Bank's branch in the Bakaro market provided microfinance funds called “Qardu…

Salaam Somali Bank offers free microfinance to small businesses MOGADISHU, Somalia - The Salaam Somali Bank (SSB) provided free microfinance to small businesses in the country's capital as part of the annual Grand Pleasure program designed to boost culture and rival economy. On Monday July 5, the Bank's branch at Km-5 in Mogadishu offered free microfinance to resident traders, including women,…

Salaam Somali Bank offers free microfinance to small businesses in Mogadishu The Salaam Somali Bank on Saturday provided free microfinance to traders running small businesses in Mogadishu, an initiative to boost the economy. The show called "Qardul Hassan" brought smiles to small traders who have benefited from the non-profit investment that will help them grow and expand their business. A…

New research assesses effects of mobile money service on small and medium-sized businesses in Somalia To disseminate the newly discovered knowledge among researchers and the public, the Research and Development Center of SIMAD University organized a forum for disseminating research results at the Primo Palace. Ustad Abdinor Ali Mohamed, Principal Researcher and Lecturer at the Faculty of…

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…

Salaam Somali Financial institution affords free microfinance for small companies Salaam Somali Financial institution on Saturday supplied free microfinance to merchants working small companies in Mogadishu, a transfer geared toward boosting the financial system. This system known as Qardul Hassan put a smile on the face of almost 100 retailers who've benefited from the non-profit…