ECONOMY

Somalia joined the EAC

Somalia’s EAC Accession: A Strategic Leap from Isolation to Integration

On December 15, 2023, Somalia’s membership in the East African Community became a reality—a landmark decision that promises to redefine our nation’s regional standing. While debate continues, this is not a sign of division but of democratic engagement. This move marks a decisive break from decades of diplomatic isolation and opens a new chapter of […]

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Saad Ali Shire

Somaliland Economy Is in Decline

Somaliland’s Ministry of Finance said business in the breakaway Somali region has declined, which has affected Somaliland’s economy.

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President Cagjar in Harawo

President Mustafa Cagjar’s Visit to Harawo District

President Mustafa Cagjar’s recent visit to the Harawo area marks a pivotal moment in the ongoing dialogue surrounding the region’s long-standing demand for recognition as an official full region within the Somali Regional State.

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NCC

Could Dispute between Federal and Regional Leaders Derail Debt Relief?

President Hassan Sheikh Mohamud’s first four months at the helm of Somalia have been marred by conflicts on his own making. The latest conflict with regional states had been simmering for some time and erupted late last month. A concerted message came on August 31 from regional state governments, particularly their finance ministries, stating that […]

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Beyle’s Farewell Address

Somali Minister of Finances, Dr. Abdirahman Duale Beyle, met the media to update the public on Somalia’s economic situation, in a speech that sounded like a farewell message.

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Somalia, Ethiopia Sign Trade Deal On Somali Fishery Products

New trade deal on Somali fishery products, considered as the first agreement of its kind was signed yesterday in Mogadishu between the governments of Somalia and Ethiopia, in which Ethiopian khat will be exchanged for Somali fish. Speaking at the signing of the agreement today at the airport in the capital, Federal Minister of Fisheries […]

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Dr. Abdirahman D. Beyle: Somali Personality Of The Month Of April

Kormeeraha Magazine contributors has chosen Dr. Abdirahman Duale Beyle, the Federal minister of finances, as the Somali Personality of the Month of April. Dr. Beyle who contribution to the country is immeasurable, is also an internationally acclaimed economist. Since being appointed Minister of Finance, he has put the state’s finances back in order and rehabilitated […]

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Finance Ministry Issued Statement On Flood Control Project In Hirshabelle

The Somali Ministry of Finance has responded to allegations from the Hirshabelle administration that it has withheld funds intended to address the Shabelle River floods. A statement from the Somali Ministry of Finance reads: The Ministry of Finance of the Federal Government of Somalia (FGS), following a press release from the Hirshabelle Disaster Management Committee, […]

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