updated 12:01 PM MDT, Apr 24, 2017
A+ A A-

Six Things to Know About Somalia's Economy



A customer holds banknotes at a bank in Mogadishu, Somalia. The country is preparing to reissue new Somali shilling banknotes for the first time in 26 years (photo: Abdulfitah Hashi Nor/Getty)
Six Things to Know About Somalia's Economy

April 11, 2017

Somalia’s economic progress, challenged by the recent drought, will depend on implementation of policy reforms along with continued support from donors to develop capacity and preserve security, said the IMF in its latest assessment of the country.
Somalia faces numerous challenges on its quest for peace, stability, and economic prosperity. The recent drought and famine will test the country’s resilience to provide humanitarian assistance and will require help from the international community. The government’s recent policies demonstrate its strong commitment to improving the state of the country and Somalis’ livelihoods.

Here are the six things to know about Somalia’s economy since the country resumed relations with the international community five years ago.

  • Written by Abdullahi
  • Category: Somalia

Cholera outbreak kills 3 , infects 100 in Borama + Video



 BORAMA-Somalia (dillapress.com) Awdal official says 5 people  died while 100 were admitted to hospital following a Cholera outbreak in Borama  district of Awdal region.
According to local Authority outbreak seems to be intensifying. The Hospital Authority Urged local community to contact hospital official
immediately  if they see anyboday who has symptoms of diarrhea.
Cholera outbreak is spreading through Somalia.

  • Written by Abdullahi
  • Category: Somalia

Somalia's new army chief survives car bomb At least 15 dead




Mogadishu - Somalia's new military chief survived a suicide car bomb attack on Sunday that killed 13 people, police say.

General Mohamed Ahmed Jimale had just been sworn into office and was traveling in a convoy with senior military officials when the bomb exploded near Somalia's defense ministry compound in Mogadishu, police say.

Five soldiers and at least 8 civilians travelling in a passing minibus were killed, said Captain Mohamed Hussein, a senior Somali police officer.

Somalia's Islamic extremist rebels, al-Shabaab, claimed responsibility for the attack.

  • Written by Abdullahi
  • Category: Somalia

Somali security forces rescued Indian cargo Ship but pirates take crew

 The pirates had refused a call by the local authorities to release the vessel and local forces forcefully engaged them, local security official Qoje Abdulahi told AFP by phone. Somali security forces exchanged fire with the hijackers who fled to the shore aboard a fast boat, taking eight of their hostages with them, Ali said. Picture courtesy Twitter for representation

The pirates had refused a call by the local authorities to release the vessel and local forces forcefully engaged them, local security official Qoje Abdulahi told AFP by phone. Somali security forces exchanged fire with the hijackers who fled to the shore aboard a fast boat, taking eight of their hostages with them, Ali said. Picture courtesy Twitter for representation
Somali security forces have liberated an Indian cargo ship from the pirates who hijacked it, but only two of the ten-man crew were rescued, authorities in central Somalia have said. Abdulahi Ahmed Ali, district commissioner for the pirate-hub region of Hobyo, told local press yesterday that the "Al Kauser" ship had been held off the Indian Ocean coast near Yemen after the hijacking on March 31.

  • Written by Abdullahi
  • Category: Somalia

Suspected Somali pirates attack ship off Yemen



MOGADISHU, Somalia – Suspected Somali pirates have again hijacked a vessel on one of the world’s crucial trade routes, authorities said Saturday night, the latest in a string of attacks after several years of silence.

The United Kingdom Maritime Trade Operations piracy watchdog said on its website it had received a report from a vessel under attack and possibly boarded off the coast of war-ravaged Yemen. It gave no further details.

Somali pirates in recent weeks have hijacked at least two vessels with foreign crews in the waters off Somalia and Yemen, marking a return of the threat after half a decade.

A source with the ports ministry in Somalia’s northeastern semiautonomous state of Puntland said armed pirates hijacked a ship flying under the Tuvalu flag and were steering it toward Somalia’s northern coast. The source spoke on condition of anonymity because he was not authorized to speak to reporters.

Graeme Gibbon Brooks, the CEO of the British firm Dryad Maritime, said security officials believed the vessel to be a bulk carrier.

  • Written by Abdullahi
  • Category: Somalia

Subcategories