Latest data from a UN Food and Agriculture Organization (FAO) report shows Somalia exported 4.9 million goats and sheep, 295,000 …Read the Rest
Economy
IMF reviews Somali economy for first time in 25 years
NAIROBI: The International Monetary Fund has completed its first economic consultation on Somalia in more than 25 years, saying the …Read the Rest
Mayors urge federal action on Somali remittances
Today in San Francisco, the nation’s mayors called on the federal government to find a workable solution that allows Somali …Read the Rest
Africa Focus: Aid agencies warn of crisis in Somalia after cut in money transfers
NAIROBI, Feb. 19 (Xinhua) — African aid agencies on Thursday warned of financial crisis in Somalia after principal banks in …Read the Rest
Aid agencies call on Barclays Bank to keep Somali lifeline open
(updates with Barclays’ decision to delay the closure of the accounts and Oxfam’s reaction to this) NAIROBI (Thomson Reuters Foundation) …Read the Rest
Barclays decision could transfer pain to Somalis
Compared with the trillions of dollars flowing through the international financial system every day, the estimated $US1.3 billion ($1.46 billion) …Read the Rest
Mo Farah calls on Barclays to maintain Somali ‘lifeline’
The Treasury is to look into the decision by major high street banks, including Barclays, to withdraw support from companies …Read the Rest
Somali pirates now protecting illegal fishing ships, says UN report
NAIROBI, Kenya – Frustrated by a string of failed hijacking attempts, Somali pirates have turned to a new business model: …Read the Rest
New Somali currency a possibility as governor seeks to shore up shaky recovery
Nairobi: When Washington DC was in financial crisis in the 1990s, Somali-born Abdusalam Omer joined a team that turned its …Read the Rest
Women from Somali diaspora return home to start enterprises
Mogadishu — Amina Ali, 32, is among a growing number of Somali women who are returning to Mogadishu to start …Read the Rest
