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Language: English

Somalia Top Stories

for the 20 Oct - 26 Oct

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Livestock Exports to Hit $1B in 2025
1. Livestock Exports to Hit $1B in 2025

Somalia’s livestock exports are set to surpass $1 billion (Sh129.2 billion) in 2025. Gulf countries are driving the strong demand. Reduced competition from Sudan and Australia also boosted exports. Government data showed earnings rose from $523 million in 2021 to $974 million in 2024. Analysts said Sudan’s conflict and Australia’s export limits opened new market opportunities. Officials stressed the need to improve infrastructure, enforce regulations, and build climate resilience to maintain growth.

DP World Opens New UAE–Somalia Route
2. DP World Opens New UAE–Somalia Route

Global port operator DP World launched a new shipping route linking Jebel Ali Port in the UAE with Berbera Port in Somalia, operating every nine days to strengthen Gulf–East Africa trade. The $440 million Berbera investment includes a modern container terminal and deeper berths, positioning the port as a key regional hub and an alternative to Djibouti. The route is expected to boost cargo flows to Ethiopia and enhance Somalia’s role in regional maritime logistics.

Somalia Urges Shift from Aid
3. Somalia Urges Shift from Aid

Somalia’s Finance Minister, Biixi Iman Egeh, urged global lenders to prioritize investment and job creation over traditional aid during the 2025 World Bank and IMF meetings. He said Africa must adapt to a shift from aid to investment-focused partnerships by creating favorable legal and economic conditions. Egeh highlighted Somalia’s financial reforms, private sector growth, and efforts to integrate into the global financial system through the Horn of Africa Initiative and collaboration with development partners.

Somalia Launches First NSES
4. Somalia Launches First NSES

Somalia is set to launch its first-ever securities exchange, a milestone expected to transform the country’s investment landscape. National Securities Exchange of Somalia (NSES) CEO Yasin M. Ibar said the market would attract diaspora capital, strengthen governance, and provide businesses with new financing opportunities. Designed as a self-regulatory institution aligned with regional exchanges, NSES will enable cross-listings, digital trading, and Shariah-compliant products, positioning Somalia as an emerging financial hub in East Africa’s growing capital market.

Somalia, Vietnam Deepen Partnership
5. Somalia, Vietnam Deepen Partnership

Somalia and Vietnam agreed to deepen economic cooperation following a high-level meeting in Mogadishu between Public Works Minister Dr. Ilmi Mohamud Nur and a Vietnamese investment delegation. Talks focused on infrastructure, ports, housing, and energy, with Vietnamese firms expressing interest in road construction and affordable housing projects. Both sides pledged to enhance bilateral investment through the Somalia–Vietnam Business Council and plan an official Somali visit to Vietnam to advance trade and development partnerships.

Somalia Urges 50% Fuel Reduction
6. Somalia Urges 50% Fuel Reduction

Somali government officials and business leaders urged greater investment in renewable energy and infrastructure to reduce reliance on imported fuel. At the 4th Somalia Success Stories Forum in Mogadishu, Energy Minister Abdullahi Bidhaan said the government aims to cut imported fuel use from 85% to 50% within three years. Hosted by Hormuud Telecom, the event highlighted solar power, clean cooking initiatives, and public–private partnerships to expand affordable electricity nationwide.