Somalia

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

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)...

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

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...

Somalia to reestablish financial relations with The World Bank Group after 30 years

The World Bank Board of Directors on Thursday moved toward normalizing financial ties with Somalia after thirty years.The World Bank said the renewed relations will open up opportunities for Somalia to access...

IMF managing director Kristalina Georgieva announces financing milestone on Somalia debt relief

The International Monetary Fund (IMF) Managing Director Kristalina Georgieva on Wednesday morning announced that IMF had secured sufficient financing pledges to provide 'comprehensive debt' relief to Somalia.In a statement from Washington D.C., the...

Democracy returns to Somalia after 50 years as President Farmaajo signs federal electoral bill into law

Democracy is returning to the federal republic of Somalia after nearly 50 years. On Friday, President Mohamed Abdullahi Farmaajo signed the long-awaited election bill into law during a historic event at the State House, Villa Somalia.

IMF, World Bank reach preliminary agreement to forgive most of Somalia’s debt measured at $5.3 billion in 2018

Somalia is eligible for debt relief under the Enhanced Heavily Indebted Poor Countries (HIPC) Initiative, the Executive Boards of the International Monetary Fund (IMF) and World Bank said on Thursday, following a two-day meeting in Washington...

Police gunshot to the head, Al-Shabaab bomb attacks, Amnesty warns journalists under siege in Somalia under President Mohamed Abdullahi ‘Farmajo’

Amnesty International warned on Wednesday that "a surge in violent attacks, threats, harassment and intimidation of media workers" as well as blatant bribery and social media hounding have turned Somalia into one of the most dangerous...

Amnesty calls on Kenya to arrest escaped Jubaland minister Abdirashid Janan and return him to Somalia

Amnesty International on Monday called on Kenyan authorities to immediately detain Abdirashid Janan a regional security minister in Somalia who was arrested for serious crimes on 31 August 2019 but recently escaped from detention and is currently in...

IMF reaches preliminary agreement with Somalia on new three-year loan but arrears must be cleared first

The International Monetary Fund (IMF) has reached a preliminary agreement with Somalia on a new three-year loan under an extended credit facility (ECF) and an extended fund facility (EFF).The preliminary agreement is...

Massacre in Somalia: At least 76 people killed in bomb blast

A bomb blast on Saturday morning killed at least 76 people in Mogadishu, the capital of Somalia.No one has claimed responsibility for the attack, but al-Qaeda-affiliated Islamist militia al-Shabab has regularly attacked...
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BREAKING: U.S. coronavirus death toll tops 9,000, even as Surgeon General warns next week will be “our Pearl Harbor moment, our 9/11 moment”

More than 9000 people have now died from the novel coronavirus in the United States as of Sunday morning, according to...

Nigeria now has 5 coronavirus deaths, 224 total infections and 27 recoveries. Epicenter remains Lagos

At least five people have died from coronavirus in Nigeria from 224 infections while 27 others have recovered, according to data...

Coronavirus Africa: 360 deaths, 710 recoveries and 8,536 infections in 50 countries

At least 360 people had died from the novel coronavirus in Africa as of Sunday morning, up from 313 on Saturday, according to latest figures...

3 Nigerians dead from coronavirus in U.S. They were from Kano, Abia and Calabar

The Consul General of Nigeria in New York, Mr Benaoyagha Okoyen, has confirmed the death of three Nigerians from the coronavirus...
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