Business

IMF forecasts Somalia's GDP unchanged at 2.9 pct in 2019

0 Visits: 228 | Friday August 02, 2019 - 18:52:16
MOGADISHU, Somalia -- The International Monetary Fund (IMF) has said Somalia's gross domestic product (GDP) could remain broadly unchanged at around 2.9 percent in 2019 if normal rains resume later this year.

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Somalia: Psychological effect of higher denomination on inflation growth

0 Visits: 166 | Tuesday May 14, 2019 - 16:30:17
Inflation is linked to the money supply that is controlled by the private rather public sector in Somalia.

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Somalia hosts first ITU National Training Workshop since 1991

0 Visits: 320 | Tuesday March 19, 2019 - 21:44:01
(Mogadishu, March 19, 2019) Ministry of Post, Telecom and Technology (MPTT) hosted a training workshop on ITU's Spectrum Management System For Developing Countries (SMS4DC), co-organized by the International Telecommunication Union (ITU) between March 14th to 18th.

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Market blast kills 8 in Southern Somalia

0 Visits: 339 | Thursday March 14, 2019 - 08:22:19
Baidoa (Horn Observer) At least eight people have been killed after a bomb exploded at a busy livestock market in a village in southwestern Somalia's Bay region, local media reports.

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Ethiopian, Kenyan and Eritrean Leaders Meet in Eritrean Capital to Strengthen Regional Cooperation

0 Visits: 328 | Sunday March 03, 2019 - 19:59:37
Addis Ababa, (Horn Observer) – Ethiopian Prime Minister Dr Abiy Ahmed and Kenyan President Uhuru Kenyatta on Sunday arrived on separate flights in Asmara in a bit to boost bilateral matters, only a day after Kenyan president traveled to Ethiopia for high level investment forum, local media reports.

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Ethiopia and Somaliland discuss peace, Security and Port Utilization

0 Visits: 1209 | Thursday February 21, 2019 - 08:14:17
Adis Ababa (Horn Observer) Prime Minister Abiy Ahmed received at his office on Wednesday the President of the Somaliland Administration H.E. Muse Bihi Abdi and his delegation, a statement from the office of Prime minister said.

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Ethiopia, Djibouti Sign 3.2 Bln USD Natural Gas Pipeline Agreement

0 Visits: 315 | Monday February 18, 2019 - 17:16:49
Addis Ababa(Horn Observer)- Ethiopia and Djibouti signed agreement for laying down 760 km natural gas pipeline that stretches from Elala and Kalub to Djibouti port, local media reported.

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Chinese fishing deal ruinous to Somali fisher's catch

0 Visits: 364 | Monday February 18, 2019 - 09:57:25
Somali fishermen have the right to worry now after their government signed a destructive Chinese fishing deal granting 31 Chinese companies the right to fish in Somalia late last year.

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Kenya, Somalia officially cut diplomatic ties over oil exploration dispute

0 Visits: 375 | Saturday February 16, 2019 - 21:33:27
Kenya and Somalia has officially cut diplomatic relations after Kenya recalled its Somalia ambassador and told Somali envoy out of the country over alleged auctioning of oil blocs belonging to Kenya.

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US investment in Somalia makes economic success

0 Visits: 346 | Saturday February 16, 2019 - 10:46:31
MOGADISHU (Horn Observer) Just last week a 2 day Somali economic forum was concluded in Mogadishu which presented several success stories from micro financing to International investments.

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PRESS RELEASE: DEAL 2019 in Dubai to unleash robots, drones, virtual reality concepts aimed at African markets

0 Visits: 474 | Wednesday February 13, 2019 - 16:13:58
ADDIS ABABA, Ethiopia, February 13, 2019/ -- The entertainment concepts are evolving and have taken a completely new avatar with the growing popularity of virtual reality gaming concepts.

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Legal battle for control of Djibouti Ports comes to Hong Kong

0 Visits: 276 | Tuesday February 12, 2019 - 22:32:19
HONG KONG, China, February 12, 2019/ -- One of the world's largest port operators has sued a Chinese state enterprise in Hong Kong over infringement of its exclusive port agreement with a strategically located African nation, in the city's first court case involving China's Belt and Road…

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Somalia: Federal government discusses regional states over Chinese fishing deals

0 Visits: 331 | Tuesday February 12, 2019 - 06:29:40
MOGADISHU (Horn Observer) The ministry of Fishing at federal level held talks with the regional states counterparts in a bit to convince the regional states over the Chinese fishing deal, which many Somalis cautioned about its dangers, the state news agency SONNA reported.

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Somalia: 40,000 ton sugar shipment Kenya sent back to Brazil over quality concerns offloaded in Mogadishu - reports

0 Visits: 319 | Saturday February 09, 2019 - 21:17:37
MOGADISHU (Horn Observer) A 40,000 ton of low quality sugar that was shipped back to Brazil by Kenyan authorities after failing to meet Kenya Bureau of Standards, is currently offloaded in Mogadishu port, local media reported.

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Somalia's petroleum summit in London draws criticism, suspicion and protests

0 Visits: 660 | Thursday February 07, 2019 - 22:33:55
London (Horn Observer) Hundreds of angry protestors stage here in London outside Claridge's Hotel on Thursday morning where a petroleum summit aimed to auction oil and gas blocks, was taking place, an act which the Somalia's upper house called it "illegal.

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Ethiopian cabinet approves Continental Free Trade Deal

0 Visits: 286 | Sunday February 03, 2019 - 00:51:07
Adis Ababa (Horn Observer) Ethiopia Council of Ministers on Saturday approved the country's membership to the Africa Continental Free Trade Agreement known as AfCFTA, which aims to create the largest common market in the world.

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South Sudan enters into an Agreement with the African Energy Chamber to provide Technical Assistance to its Petroleum Sector

0 Visits: 258 | Wednesday January 30, 2019 - 18:05:34
JUBA, South Sudan, January 30, 2019/ -- The Chamber will mobilize capacity building initiatives; it will work on reforms to boost an enabling environment for oil investors; it will invest in energy access initiatives.


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Al-Shabaab terror money unnoticed in Kenya

0 Visits: 400 | Wednesday January 30, 2019 - 07:47:14
When Mr Hassan Abdi Nur, a mobile money agent, was arraigned for the 14 Riverside Drive attack, it must have come as a shock to people in similar businesses that the nature and size of transactions could put them in danger.

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Exclusive: Al-Shabaab continues to extort money from Somalia businesses, Finnish investment attempts to step in

0 Visits: 857 | Sunday January 27, 2019 - 14:52:09
Mogadishu (Horn Observer/Horn Globe Media) Somali government is weak and unable to protect business society from al-Shabaab extortion of taxes. This week its Minister of Commerce and Industry confessed that terror group was plundering huge sums of money from businesses in areas under government control…

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Uganda deports third foreign telecom employee - AFP

0 Visits: 338 | Friday January 25, 2019 - 18:55:22
KAMPALA: Ugandan police on Thursday announced the expulsion of another foreigner working for telecom giant MTN, following the deportation earlier this week of two of the company's expatriate staff.

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