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Category: Economics

Hormuud Telecom Plans Solar-Powered Data Centers to Boost Somalia’s AI Economy

Hormuud Telecom Somalia Inc., the leading telecommunications provider in the country, has announced its ambitious plans to expand solar-powered green data centers to support the growing demand for artificial intelligence (AI) infrastructure both locally and…

EU’s Naval Force Says Hijacked Cargo Ship Moved Toward Somalia Coast.

Associated Press A Maltese-flagged merchant ship that was hijacked last week in the Arabian Sea with 18 crew members on board is now off the coast of Somalia, the European Union’s maritime security force said…

IMF Approves $100 Million in New Loans to Propel Somalia’s Economic Growth

The International Monetary Fund (IMF) has given its approval for a substantial $100 million in new loans to support Somalia’s ongoing economic development. This financial assistance comes on the heels of significant progress, including the…

Al-Shabaab Leader Surrenders as Group Faces Military Pressure

Ahmed Mursal, a high-ranking leader of the Al-Qaeda-affiliated group Al-Shabaab, surrendered to the Somalia’s National Intelligence and Security Agency (NISA) team in Hudur, Bakool regional capital. Mursal, responsible for surveillance and recruiting child soldiers, turned…

Diplomatic row? Tension as DRC recalls Kenyan ambassador.

Democratic Republic of Congo on Saturday recalled its ambassador from Kenya amid deepening tension between the two countries following the launch of a new Congolese military alliance, including rebels, in Nairobi. The country also recalled…

Troops Under President Deni Take Over Puntland Parliament Amid Electoral Tensions

Troops under the command of President Deni have taken control of the Puntland parliamentary headquarters in Garowe. The move occurred with reports of yet to be completed an ongoing parliamentary meetings, with the presence of…

Landmark Transition: Somali Security Forces Set to Take Over Highly Fortified Villa Somalia as ATMIS Troop Withdrawal Continues

Somali security forces are poised to take over security responsibilities at The Villa Somalia, a fortified zone housing the Presidency and Prime Minister. The area has been under the protection of ATMIS (African Union Mission…

National Disaster Management Commissioner Briefs Parliament on El-Niño Relief Efforts

Mahamuud Moallim, Commissioner of the Somali National Disaster Management Agency, addressed Parliament today, providing a comprehensive update on the agency’s continuous efforts to aid those impacted by the El-Niño floods. Commissioner Moallim appeared before Members…

Kuwaiti leader Sheikh Nawaf al-Ahmed dies aged 86

Kuwait’s leader Sheikh Emir Nawaf al-Ahmad al-Jaber al-Sabah has died at the age of 86, Kuwaiti state TV announced. The sheikh had led the oil-rich nation for the last three years after taking over from…

Somalia’s Speaker of the Upper House Reflects on 2023 Achievements

As Somalia bids farewell to 2023, Abdi Hashi Abdullahi, the Speaker of the Upper House in the 11th Parliament of the Federal Republic, reflects on the nation’s notable achievements during the past year. Abdullahi highlighted…