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Somalia
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for the 02 Feb - 08 Feb
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Leaders of Somalia, Ethiopia, and Djibouti held a trilateral summit in Jigjiga aimed at strengthening economic cooperation, regional connectivity, and infrastructure development across the Horn of Africa. President Hassan Sheikh Mohamud, President Ismaïl Omar Guelleh, and Prime Minister Abiy Ahmed discussed trade integration, transport and energy corridors, and coordinated responses to security risks that threaten regional commerce. Officials said the talks reflect a renewed push to deepen cross-border trade and support sustainable economic growth.
Somalia’s Foreign Minister Cabdisalam Cali attended the closing session of the India-Arab Summit, where foreign ministers from Arab League member countries discussed expanding trade and investment ties with India. Somalia reaffirmed its focus on economic diplomacy, highlighting market access, private sector collaboration, job creation, and long-term partnerships as key priorities to support growth and development.
Somalia and the European Union have signed a €102 million financing agreement to support the federal government’s budget and sustain economic reforms. Finalized in Mogadishu, the deal provides direct budget support aligned with Somalia’s National Development Plan, focusing on public financial management, institutional strengthening, and development priorities. Finance Minister Biixi Imaan Cige said the funding will help stabilize public finances as Somalia advances post-debt relief economic recovery.
Major international carriers, including Turkish Airlines, Qatar Airways, and Ethiopian Airlines, have warned they may suspend flights to Aden Adde International Airport over security concerns. The airlines have formally raised safety issues with the Somali Civil Aviation Authority, citing risks to passengers, crew, and aircraft. A suspension of flights would disrupt trade, connectivity, and investor confidence, posing a significant challenge to Somalia’s aviation sector and broader economy.
The Central Bank of Somalia issued the country’s first licenses to Islamic insurance (Takaful) companies, launching a regulated Shari’ah-compliant insurance market. Regulators approved four firms—First Somali Takaful Insurance, Amanah Insurance, Baraka Takaful Insurance, and Salmaster Insurance—after they met regulatory standards. The central bank now supervises Somalia’s insurance sector, strengthening risk oversight, boosting investor and consumer confidence, and supporting financial inclusion and economic growth in Mogadishu.
Somalia welcomed a high-level Türkiye delegation to Mogadishu to advance cooperation on port infrastructure and maritime services. State Minister Mohamed Abdulqadir Dhule said the talks will focus on technical collaboration, transport infrastructure, and strategic maritime projects critical to trade and economic growth. Meetings with the Ministry of Ports and Maritime Transport aim to accelerate joint initiatives supporting Somalia’s logistics, connectivity, and long-term development.
Türkiye deployed three F-16 fighter jets to Mogadishu, expanding its military presence as it advances offshore oil exploration and strategic investments in Somalia. The aircraft arrived at Aden Adde International Airport following months of facility upgrades. The move aligns with Ankara’s plans to deploy a deepwater drilling vessel off the Somali coast and reinforces Türkiye’s role as Somalia’s leading security and economic partner, supporting the Somali National Army.
The Somali federal government barred planes carrying security personnel from the semi-autonomous regions of Jubaland and Puntland from landing in Mogadishu, citing national security risks. Defense officials said uncoordinated armed arrivals at Aden Adde International Airport threaten diplomatic sites and public safety. The move comes ahead of unity talks invited by President Hassan Sheikh Mohamud amid renewed tensions with regional leaders.
Somalia approved a long-awaited Cybersecurity Law, establishing a national framework to protect digital networks and critical infrastructure. The law created the Somalia Computer Incident Response Team to handle cyber threats and monitor vulnerabilities. The Ministry of Communications and the National Communications Authority will oversee implementation. Telecoms, financial institutions, and energy companies must follow security standards and report incidents as Somalia speeds up its digital transformation.