LONDON (Reuters) -The closure of the U.S. Agency for International Development earlier this year hit Somalia's economy and tax revenues, the head of the country's development bank said on Tuesday. "In ...

Somalia's Prime Minister Hamza Abdi Barre and Minister of Fisheries and Blue Economy Ahmed Hassan Adan during the inauguration of the Fisheries Week on July 4, 2024. [Courtesy, OPM, X] Somalia is now ...

Somalia’s domestic revenue collections grew by 12 percent to $369 million in 2024, lifted by rental and sales taxes, as Mogadishu battles to revert to a healthy financial position following billions ...

Somalia’s economic growth is forecast to contract significantly due to the negative impacts of COVID-19 (coronavirus), the locust infestation and extreme flooding. The economy is projected to contract ...

Across Somalia, a new wave of opportunity is taking shape for young people eager to build careers, launch businesses, and drive change in the country's green and blue economy. The United Nations ...

The annual Muslim pilgrimage to Mecca is a time for celebration, not least among Somalia's livestock herders and traders who export millions of livestock to feed pilgrims. People buy sacrificial sheep ...

NAIROBI (Reuters) - Somalia's economy is expected to shrink by 2.5% this year, the World Bank said on Wednesday, revising its initial forecast of 3.2% growth due to the impact of the coronavirus ...