Category Archives: Somalia News

Somalia News

Innovate Ventures Re-Runs Successful Tech Accelerator for Somali Start-ups

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. read more

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Will Piracy Return In The Gulf of Aden And The Indian Ocean?

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. read more

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EU and CARE support renewable energy and road sector in Somalia

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. read more

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Drought is Driving Food Insecurity in East Africa, Says FAO

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.” read more

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IMF Report Indicates Drought in Somalia will decelerate Economic Activities in 2017.

drought in somaliaSomalia 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. read more

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Statement by the IMF Mission on Somalia

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 read more

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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 read more

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PumpMakers Launches Platform for DIY Solar Pumps in Africa

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. read more

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Les biotechnologies agricoles au service des petits exploitants

Colloque international à la FAO du 15 au 17 février 2016 read more

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Counter-terrorism measures threaten money sent home by Somali diaspora, UN rights experts warn

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. read more

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Artificial fish habitats along Somali coast to benefit coastal communities

FAO, working with the European Union, has just completed the deployment of 25 “fish magnets” along Somalia’s 3,300-km coastline, a move that will boost the nation’s small-scale artisanal fisheries. read more

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Chute des prix alimentaires en novembre dans un contexte de stocks abondants

La sécurité alimentaire s’aggrave dans les zones victimes de troubles civils et de conditions météorologiques défavorables read more

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La corruption gagne du terrain et les gouvernements sont impuissants à enrayer le phénomène, d’après le sondage d’opinion mené en Afrique

Transparency International estime que 75 millions d’Africains ont versé un pot-de-vin au cours de l’année dernière read more

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La Chambre de Commerce de Dubai présente un rapport sur les secteurs autres que ceux des matières premières lors de l’Africa Global Business Forum

Le co-investissement avec des fonds de capital-investissement, l’achat de sociétés de capital-investissement et les rachats directs constituent les principaux modes d’entrée des IDE pour les investisseurs du Golfe intéressés par l’Afrique subsaharienne read more

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