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Somalia

Economy

IMF disburses $10 million to Somalia

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The Executive Board of the International Monetary Fund (IMF) on Wednesday completed the first review of the Extended Credit Facility (ECF) arrangement for Somalia. The Board’s decision enabled the immediate disbursement of about US$10 million, bringing Somalia’s total disbursements...
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Latest

U.S. admits killing innocent civilians in Somalia but fails to compensate families of the victims, enraging Amnesty International

Simon Ateba - 0
The United States on Tuesday admitted killing innocent civilians in Somalia but has failed to compensate the families of the victims, a failure Amnesty International has condemned. The official admission was contained in a quarterly civilian casualty assessment report issued...
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Somalia’s prime minister Hassan Ali Khayre voted out by parliament

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Somalia’s parliament on Saturday removed Prime Minister Hassan Ali Khayre in an unexpected vote of no-confidence. Khayre, a dual Norwegian citizen and former Soma Oil Company executive, had been prime minister of the eastern African country since March 2017.  The speaker...
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U.S. violated the laws of war when airstrikes killed 7 civilians in Somalia and Pentagon branded the dead terrorists without adequate evidence, Human Rights...

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Two United States airstrikes in Somalia in early 2020 killed seven civilians in apparent violation of the laws of war, Human Rights Watch said on Tuesday. The rights group said US forces have not adequately investigated a February 2 strike killing one woman...
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Somalia

Ilhan Omar’s father dies from coronavirus

Simon Ateba - 0
United States House of Representatives member Ilhan Omar (D-Minn.) announced in a statement late Monday that her father, Nur Omar, had died from the novel coronavirus. "Surely we belong to God and to him shall we return. It is with tremendous sadness...
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Somalia

African Development Bank and development partners propel Somalia back from the brink

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In early 2020, Somalia, with support from the United Kingdom Government and the European Union, settled its arrears to the African Development Bank, paving the way for the lifting of 30-year old sanctions imposed by the Bank and the...
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Somalia

African Development Bank’s intervention helps curb COVID-19 in vulnerable communities in Somalia

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With 2.6 million internally displaced persons in Somalia, the outbreak of COVID-19 poses an additional challenge in an already fragile situation, leaving the population highly vulnerable. Thankfully, the African Development Bank-financed water supply and sanitation project came in handy as...
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BREAKING NEWS

Somalia steps up arrests and intimidation of journalists amid COVID-19 pandemic

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Somali authorities have been stepping up their intimidation of journalists as the country faces a growing number of Covid-19 cases, Human Rights Watch said on Saturday. HRW said since mid-April 2020 alone, authorities have arbitrarily detained three journalists, accused two...
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Economy

Somalia debt to be reduced from $5.2 billion to just $557 million, IMF and World Bank announce

Simon Ateba - 0
The International Monetary Fund (IMF) and the World Bank's International Development Association announced on Wednesday that Somalia has taken all the necessary steps to begin receiving debt relief under the enhanced Heavily Indebted Poor Countries (HIPC) Initiative. Somalia is...
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Economy

Somalia clears World Bank arrears, paving way for debt relief under heavily indebted poor country

Simon Ateba - 0
The Federal Government of Somalia on Thursday cleared arrears to the International Development Association (IDA), completing the process of normalizing financial relationship with the World Bank Group, re-establishing access to new resources from IDA, and paving the way for...
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Biden to nominate Janet Yellen, Neera Tanden, Cecilia Rouse, Jared Bernstein, Heather Boushey and Adewale Adeyemo to economic team

U.S. President-elect Joseph R. Biden Jr. on Monday will nominate Neera Tanden, Cecilia Rouse, Jared Bernstein, Heather Boushey, and...
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Economy

Rights groups urge IMF to demand transparency for Egypt military’s firms before releasing more funding

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The International Monetary Fund (IMF) should demand the Egyptian government disclose financial information about military-owned businesses as part of required reporting on state-owned enterprises,...
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Economy

Biden to nominate Janet Yellen, Neera Tanden, Cecilia Rouse, Jared Bernstein, Heather Boushey and Adewale Adeyemo to economic team

Simon Ateba - 0
U.S. President-elect Joseph R. Biden Jr. on Monday will nominate Neera Tanden, Cecilia Rouse, Jared Bernstein, Heather Boushey, and Nigerian-American Adewale Adeyemo alongside Janet...
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BREAKING NEWS

IMF chief to G20 leaders: jointly build foundations for better 21st century global economy

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International Monetary Fund (IMF) Managing Director Kristalina Georgieva on Sunday urged G20 leaders to jointly build the foundations for a better 21st century global amid...
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Economy

Atiku: I received the news Nigeria has entered another recession with a “very heavy heart”

Atiku Abubakar - 0
It is with a very heavy heart that I received the confirmation that for the second time in five years, Nigeria has entered into...
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