Somalia’s Minister of Finance Bihi Iman Egeh announced that the country has successfully settled around $4.5 billion in debt under the Heavily Indebted Poor Countries (HIPC) Initiative led by the ...

Hormuud Telecom’s new micro-financing scheme aims to make smartphones accessible to low-income earners for just $0.60 a day.

Hormuud Telecom partners with Get-Phone to finance 100,000 smartphones in Somalia, using EVC Plus mobile money and zero-interest Sharia-compliant terms.

Spread the loveForeign Direct Investment (FDI) plays a crucial role in the economic development of countries, serving as a ...

Somalia, ravaged by civil war, terrorism and economic hardship, is poised to receive substantial international debt relief, marking a crucial step in its reintegration into the global financial system ...

Bihi Egeh outlines the long and difficult journey since Somalia joined the IMF’s Heavily Indebted Poor Countries (HIPC) programme in 2016 – encompassing one pandemic, climate shocks, terror attacks, ...

GALKAYO, Puntland - The Minister of Finance for Somalia's northeastern Federal Member State of Puntland, Abdullahi Sa'eed Aarshe has been accused of massive corruption, Garowe Online reports. Puntland ...

Somalia has advanced its climate agenda with the launch of the Somali Climate Finance Trial and the official start of the National Climate Fund (NCF), a move aimed at improving the country’s ability ...

Washington — Bihi Iiman Igeh, Somalia's finance minister, delivered a wide-ranging address at a plenary session chaired by Ajay Banga, president of the World Bank, highlighting fiscal reforms and ...

WASHINGTON (Reuters) - Somalia's 2-million strong diaspora has a huge role to play as the Horn of Africa country rebuilds its economy and resets ties with major international institutions after three ...