Please log-in to report.
Africa, South America, North America, Europe, Asia, Oceania
Sign-up / Log-in to be up-to-date and informed!
Choose your News Preferences Below
Top News Stories Worldwide
Your Current Default Preferences are:
Somalia
Top Stories
for the 19 Jan - 25 Jan
< Previous week Next week >
Somalia has adopted a national tobacco control framework, introducing new regulations for tobacco products, including shisha. The measure sets rules on advertising, access, and consumption, creating a clearer operating environment for tobacco retailers and distributors. Officials said the framework responds to rising tobacco use and aims to reduce health-related costs, which affect household spending and labour productivity, while supporting more structured oversight of the tobacco market.
Somalia showcased its mineral potential at the Arab League Mining Ministers meeting and the Future Minerals Forum in Riyadh, where Deputy Minister Abdiwahab Abdi Omar sought international investment. Officials said Somalia aims to attract high-quality partners to develop its extractive sector, create jobs, and support economic diversification. The government highlighted untapped mineral resources, sustainable management frameworks, and progress in hydrocarbons exploration to position Somalia as an emerging destination for global mining investment.
Türkiye and Somalia have launched a two-year labour cooperation program aimed at strengthening workforce development and labour market systems. The 2026–2027 action plan focuses on vocational training, labour migration management, occupational health and safety, and labour inspections. Officials said the initiative will support skills development, improve workplace standards, and enhance institutional capacity, contributing to productivity growth, employment creation, and long-term economic resilience in Somalia.
Somalia reviewed progress on fiscal reform during a Financial Governance Committee meeting focused on economic performance, revenue collection, and expenditure management. Officials assessed the impact of recent reforms across key sectors, discussed the efficiency of development projects, and examined risks linked to conflict and climate pressures on agriculture. The review emphasized fiscal discipline, transparency, and alignment with Vision 2030 to strengthen economic governance, support financial stability, and improve the investment environment.
Somalia is seeking to accelerate investment and strengthen economic cooperation following high-level talks with the World Bank in Mogadishu. Discussions focused on macroeconomic stability and scaling up investment in priority economic infrastructure, including roads, energy projects, and regional connectivity initiatives under the Horn of Africa framework. Officials said the engagement supports Somalia’s ongoing economic reforms and aims to unlock long-term, inclusive growth through infrastructure-led development.
Somali-owned businesses in Minneapolis are experiencing severe disruption following intensified immigration enforcement actions affecting the Somali community. At Karmel Mall, a central hub for Somali traders, many shops have closed temporarily as Somali customers and employees avoid the area due to fear of detention. Business owners report sharp drops in sales, staffing shortages, and uncertainty about reopening, threatening incomes and the sustainability of a commercial center that supports Somali families and community networks.