Tag Archives: Somalia
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.
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.
“In each market where wind energy is being developed, the state is a big player in the initial stages of industry development and is often the sponsor of pilot projects.”
By Simon Tesfamariam
ROME, Italy, February 21, 2013/African Press Organization (APO)/ – Italy can play a leading role in the economic growth of Somalia, which has at last emerged from an arduous transition after 20 years of civil war. The point was underscored by Foreign Minister Giulio Terzi as he opened the country presentation on Somalia at the Farnesina. The presentation illustrated investment opportunities in the country to members of the Italian business, academic and institutional communities.
ROME, Italy, January 25, 2013/African Press Organization (APO)/ – The refugee emergency and food crisis are what most concern the European Union in Mali. The alarm was sounded by Humanitarian Aid Commissioner Kristalina Georgieva upon her return from a mission to Bamako and Burkina Faso, one month on from her last visit.
By Wallace Mawire