MOGADISHU — The United Nations Development Programme (UNDP) in Somalia and Visa, a global leader in digital payments have signed a partnership agreement aimed at helping accelerate the implementation of the Sustainable Development Goals (SDGs) in Somalia through digital financial inclusion and digital transformation with relevant institutions in Somalia. The …
Read More »SoDMA and RCMRD ink deal for advanced disaster management and EWS
NAIROBI — The Somali Disaster Management Agency (SoDMA) Chairman Mahamud Moallim Abdulle and the Director-General of the Regional Centre for Mapping of Resources for Development (RCMRD) Dr. Eng. Emmanuel Nkurunziza, have signed a Memorandum of Understanding (MoU) aimed at bolstering cooperation in Disaster Management through Advanced Early Warning Systems (EWS) …
Read More »China announces 28 mln USD grant to support Somalia’s development efforts
BEIJING — China has announced a $28 million grant to support Somalia’s in its development efforts. This was announced during a meeting on the sidelines of the Forum on China-Africa Cooperation summit between President Hassan Sheikh Mohamud and his Chinese counterpart President Xi Jinping. “China will deepening cooperation with Somalia …
Read More »Somalia joins global network to combat multidimensional poverty
MOGADISHU — Somalia has officially joined the Multidimensional Poverty Peer Network (MPPN), marking a significant advancement in the country’s efforts to address poverty through a more comprehensive lens. This membership comes as the National Bureau of Statistics develops its pilot Multidimensional Poverty Index (MPI), aligning Somalia with a global community …
Read More »Somalia launches the 2nd development forum
MOGADISHU — The Deputy Prime Minister of the Federal Government of Somalia, Salah Ahmed Jama, has launched the Somali 2nd Development Forum, focusing on creating a growth and economic transformation plan for the country post-debt relief. This forum, organized by the Heritage Institute and set to last for two days, …
Read More »Somalia forecasts 3.1% GDP growth as agriculture, livestock sectors rebound
MOGADISHU — Somalia’s economy is expected to grow by 3.1% in 2023, rebounding from a 2.4% increase in 2022. The recovery is driven by improved weather conditions and policy reforms aimed at reaching the Heavily Indebted Poor Countries (HIPC) Completion Point. The World Bank’s latest Somalia Economic Update forecasts modest …
Read More »SoDMA convenes workshop on implementation of EWS
MOGADISHU — The Somali Disaster Management Agency has organized a crucial workshop involving officials from various government levels to focus on implementing the Early Warning Systems( EWS) for All Initiative EW4ALL to support the population in responding to potential hazards. SoDMA is committed to providing disaster management support. The workshop …
Read More »Somalia needs 230 mln USD for 2023 Deyr flood recovery
The rapid Post Disaster Needs Assessment (PDNA) report prepared and released today by the Government, in collaboration with the United Nations, the World Bank, and the European Union, reveals that the 2023 Deyr floods caused US$176 million in losses and damages across sixteen districts. The floods resulted in 188 fatalities …
Read More »PM Barre consultations on new transformation plan
MOGADISHU — Somali Prime Minister Hamza Abdi Barre on Wednesday launched consultations on the new National Transformation Plan (NTP), a new strategy aimed at improving governance in the country. “The plan focuses on investing in productive sectors to achieve economic growth, job creation and development opportunities,” he said during the launch …
Read More »Minister of planning meets with USAID Somalia mission
MOGADISHU — Somali Federal Minister of Planning, Investment and Economic Development Mohamud Beenebene has on Wednesday met with USAID Somalia Mission Director Sheri Nouane Duncan-Jones. The meeting in the capital Mogadishu covered various important items including discussions on the recent developments, including the USAID portfolio review in Mogadishu, the transition …
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