Somalia Awards License to Hormuud EVC-Plus
The Central Bank of Somalia (CBS) said it has awarded the first mobile money license to a telecom company as the Horn of African...
American Attorney Charged for Stealing Millions from Somalia Government Assets
A Maryland attorney has been indicted on charges he engaged in a scheme to fraudulently obtain more than $12.5 million in Somalia government assets...
Somalia: Donors Responsible for 61% of 2021 Somalia Budget
Somalia Cabinet approves 46% rise in 2021 budget to $671.8 Million. Over half of the budget will come from international donors (61%).
Somalia's cabinet approved...
Virus Resurgence Sees World Central Bankers Stick to Gloomy Tone
Global central bankers are under no illusion that they’re through the fallout from the coronavirus, issuing fresh warnings about new government restrictions, struggling recoveries...
Does Somalia Have a National Currency?
The absence of policy-making on the shilling reform, and the continuing failure to recognize its importance, is illustrative of the wider failure of thinking...
Concealed Records Reveal Years of Trump Tax Evasion, Chronic Losses
The Times obtained Donald Trump’s tax information extending over more than two decades, revealing struggling properties, vast write-offs, an audit battle and hundreds of...
The US Cancels US$1 Billion Debt Somalia Owed It
In a bilateral agreement the United States government signed with federal Somalia, Sunday, the US waived US$ 1 billion debt the latter owed it.
The...
Controls on Remittances Risk Driving Financial Flows to Somalia Underground
Remittance companies are a crucial mechanism for transferring cash to Somalia, where the fledgling formal financial sector remains largely isolated. Despite improvements, Somalia struggles...
African Development Bank Chief, Adesina, Cleared in External Misconduct Probe
Inquiry led by former Irish president dismisses claims against Akinwumi Adesina
An independent inquiry has cleared the president of the African Development Bank of misconduct,...
African Development Bank Grants Somalia $25 Mln for Better COVID-19 Response
The grant - like many international partners' overtures - dumps the whole sum on Somalia lap which assumes the Republic of Somaliland is excluded
The...
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