Category Archives: Somalia News
Innovate Ventures (Innovate.so) is running for a second year their highly successful tech start-up accelerator – The Innovate Accelerator. Launched in partnership with VC4A (https://VC4A.com), Telesom and Oxfam as part of Work in Progress! project, Innovate Accelerator saw over 180 applications submitted for last year’s inaugural cohort.
Piracy in the Gulf of Aden and Indian Ocean started in 2005 by Somalia pirates and reached its climax in 2011 when they have attempted to hijack 237 vessels and at year’s end, seized 11 vessels, keeping a total of 216 people as hostages. At the time pirates used to make on average 2 million dollars for every ship seized and ransomed.
Today, the Somali Education Authorities, together with the European Union and CARE International, launched a 3.8 million Euro project in Kismayu on vocational and higher education to train people in jobs related to road infrastructure and renewable energy.
Strong El Niño weather event that ended only last year and poor erratic rainfall in recent months is driving food prices high causing food insecurity in East Africa region. Local prices of maize, sorghum and other cereals are near or at record levels in swathes of Ethiopia, Kenya, Somalia, South Sudan, Uganda and the United Republic of Tanzania, according to the latest Food Price Monitoring and Analysis Bulletin (FPMA). Prices of staple cereals have doubled in some town markets within the region. According to FAO senior economist and coordinator of the Global Information and Early Warning System, Mario Zappacosta, “Sharply increasing prices are severely constraining food access for large numbers of households with alarming consequences in terms of food insecurity.”
Somalia has marked important milestones in rebuilding its economy and normalizing relations with international financial institutions, over the past five years. However, IMF’s 2016 IV consultation shows that impact of drought in Somalia will decelerate its economic growth from 3.4 percent to 2.5 percent.
During the visit, the team met with Finance Minister Mohamed Adan Ibrahim; the Minister of Planning and International Cooperation Abdirahman Yusuf Hussein Aynte, Central Bank Governor Bashir Issa Ali, Director General at the Office of the President Ali Omar, and other officials
New GSMA Report Sees Rise in Mobile Broadband and Smartphone Adoption across Middle East and North Africa
Mobile Helping to Grow Innovative New Services, Connect the Unconnected and Create Employment Across Diverse Region
In an attempt to help reduce the global water shortage, strengthen the local economy, create jobs and prevent migration from rural areas, PumpMakers GmbH have successfully installed ‘do-it-yourself’ (DIY) solar pumps in Africa and Europe. Operational since 2012, these DIY pumps are the creation of Austrian well builder Dietmar Stuck, who has been active in the water well drilling industry in Europe, Australia and Africa since 2000 and has installed several hundred drinking water wells.
Colloque international à la FAO du 15 au 17 février 2016
The vital flow of remittances from diaspora countries into Somalia is under threat as a result of necessary, but inadequately thought-through counter-terrorism measures. United Nations human rights experts have warned that the measures risk severely affecting the human rights of the people of Somalia, and have urged the governments of the United States, the United Kingdom, Australia and Somalia to ensure that such remittances continue to flow.