Development

MOGADISHU — The Federal Government of Somalia and the International Organization for Migration (IOM) have jointly agreed to deal with challenges related to migration. The commitment was made during a meeting between Somalia’s Minister for Labor and Social Affairs, Sadik Warfa, and IOM Chief of Mission for Somalia Richard Danziger during …

ADDIS ABABA — The Board of Directors of the African Development Fund (ADF) have approved grants totaling $9.52 million to strengthen responses to the COVID-19 pandemic in East Africa and the Horn, and in Comoros. The grant, approved on 26 June, is part of the $10 billion COVID-19 Rapid Response …

MOGADISHU — The World Bank has approved a 55 million U.S. dollar grant to support Somalia’s economic recovery through continued fiscal and other economic policy reforms. Hugh Riddell, World Bank country manager for Somalia, said the policies will strengthen fiscal management and promote inclusive private sector-led growth. “The budget support …

KISMAYO —  Qatar Charity (QC) has opened educational and development projects in the Somali city of Kismayo, in Jubaland state, as part of its development initiative under the patronage of Qatar’s Ambassador to Somalia, H E Hassan bin Hamza Hashem. First Deputy President of Jubaland state of Somalia Mohamud Sayid …

ADDIS ABABA — In early 2020, Somalia, with support from the United Kingdom Government and the European Union, settled its arrears to the African Development Bank (AfDB), paving the way for the lifting of 30-year old sanctions imposed by the Bank and the resumption of full engagement with the fragile …

MOGADISHU — Somalia received US$ 1.9 billion in official development assistance (ODA) in 2019, comprised of roughly equal volumes of humanitarian (US$ 934 million) and development aid (US$ 924 million). The World Bank, United Kingdom, European Union, and Germany were the largest providers of development aid in 2019, together with …

MOGADISHU —  Global remittances to Sub-Saharan will decline by 23% in 2020 owing to COVID-19 impact adversely affecting countries such as Somalia which heavily rely on monies from relatives and friends abroad. The World Bank said in a study Wednesday the COVID-19 pandemic will see close to $10 billion in …

MOGADISHU — The President of the Federal Republic of Somalia, H.E. Mohamed Abdullahi Farmajo, has Saturday launched at the presidential palace a nationwide social safety net program, which is better known as “Baxnaano”, to help protect the poor and vulnerable families. The Baxnaano program is funded with a pre-arrears clearance …

HARGEISA — A two-day job fair held in Hargeisa, has helped 50 young people, including 20 women, find gainful employment. The job fair billed as the first of its kind in Hargeisa was held on 29 and 30 December 2019 and was attended by local companies and 300 job seekers. …

MOGADISHU (SoOHA) – The International Organization for Migration (IOM) today signed a new cooperation agreement with the Federal Government of Somalia, which underlines both parties’ mutual interest to strengthen cooperation and to work together on migration issues to promote economic and social development. The agreement was signed in Mogadishu by IOM …