DEVELOPMENT

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 …

MOGADISHU(SoOHA) – UNDP Resident Representative, Jocelyn Mason has urged Somalia to get to grips it challenges so that it is not left behind while the developed world speeds ahead. Mason made the comments after UNDP launched its latest Human Development Report – one of the world’s most highly regarded assessments …

MOGADISHU (SoOHA) – Leading Mobile Service Provider Hormuud has set aside $5 million to support innovative youth projects over the next three years. “Hormuud promises to stand with Somali job creators & will dedicate $5 million to support Somalia’s innovators over the next 3 years, to enable more opportunities & …

MOGADISHU (SoOHA) – Planning Minister Gamal Hassan has dismissed media reports that the government failed to submit funding proposals leading to the withdrawal of funding by Italy meant for rehabilitation of Shabelle river banks. Reacting to a story carried by Italian newspaper la Republica that the Italian government withdrew the funds, Hassan …

MOGADISHU (SoOHA) – Officials from Turkey and Somalia met on Friday in Mogadishu to discuss crucial issues concerning the two countries. Somalia’s Energy and Water Resources Minister Fawzia Mohamed Sheikh received Turkey’s Ambassador to Mogadishu Mehmet Yilmaz in her office in the capital. Topping the meeting agenda was the floods …