Somali piracy ‘boosts Puntland economy’

January 12, 2012 · 259761 Comments2012-01-12+23%3A55%3A38Mo+Guled

New research suggests piracy has led to widespread economic development in some parts of Somalia. The study, published by British think-tank Chatham House, looked at detailed ...

President Ismail Omar Guelleh inaugurated the first regional branch of Djibouti's Central Bank in Tadjourah

Iraq’s Warka Bank enters Djibouti Market

TADJOURAH — President Ismail Omar Guelleh recently inaugurated the first subsidiary of Iraq-based Warka Bank for Investment and Finance (BWAI) in Djibouti to offer full ...

The role of remittance in the economic development of Somaliland

By Adam Ismail Hassan, PhD 1. INTRODUCTION The international remittance markets have grown dramatically in many parts of the world for the past two decades or so. ...

Eritrea claims major advantage over its mining rivals

ASMARA — President Isaias Afwerki of Eritrea says the country’s mining activities have a major comparative advantage over their rivals, in terms of both time ...

Ethiopian Airlines starts Muscat-Addis Ababa flights

MUSCAT — Muscat International Airport welcomed a new airline, Ethiopian Airlines which started its flights to Muscat from early morning yesterday. This is the third African ...

SOMALILAND-USAID: The Partnership Fund Grants Program

ANNUAL PROGRAM STATEMENT (APS) – for SMALL GRANTS and GDA REQUEST for CONCEPT PAPERS Funding Opportunity Title: The Partnership Fund Grants Program Funding Opportunity Number: 0001 Grant Type: ...

Ethiopia exports almost $124m worth of manufactured goods

ADDIS ABABA — Ethiopia earned 123.8 million US dollars in revenue from the export of manufactured goods in the last five months according to the ...

SOMALILAND: Dahabshiil rewards Marodi Jeh footballer

HARGEISA — Somaliland footballer and Marodi Jeh local, Mohamud Abdi Hassan, was rewarded with the keys to a brand new Toyota Crown this week, as ...

Mozambique projects to create 4 000 jobs

MAPUTO — Mozambique’s government said on Wednesday it has approved two investment projects in forestry and agriculture worth $660m that will create around 4 000 ...

Ethiopia has 1,600 hectares given over to floriculture (Pic: Jose Cendon/AFP/Getty)

Ethiopia in farming boom

ADDIS ABABA — Ethiopia earned US$92 million from the export of fruits, vegetables and flowers in the last five months according to the Ethiopian Horticulture ...

Somaliland: Dahabshiil exhibits its services at Somaliland International Business Expo

HARGEISA —Somaliland Business Expo the country’s first such thanks to young entrepreneurs give many firms the opportunity to put on display their products and services. ...

Mindesta Options First Mineral Exploration Permits Issued by Republic of Somaliland

OTTAWA, CANADA–(Marketwire -12/19/11)- Mindesta Inc. (“Mindesta” or the “Company”) (OTC.BB: MDST.OB – News) wishes to announce that it has decided to focus its efforts on ...

Turkish Airlines to start Mogadishu flights in 2012

DUBAI — The Turkish Airlines this week said it will add flights to and from the Somali capital at the beginning of January in 2012 ...

Somaliland: Vice president officially opens International Business Expo

HARGEISA — Somaliland Vice President Abdirahman A. Ismail officially inaugurated the Somaliland Business Fair expo on Saturday in Hargeisa to promote entrepreneurship and strengthen public-private ...

Chinese and Indian firms to bid for Hargeisa airport

Chinese and Indian firms bid for Hargeisa airport expansion

HARGEISA — The Somaliland Minister of Civil Aviation on Friday unveiled plans to renovate and expand Hargeisa’s Egal International Airport at early next year. Mr. Mohamud ...

Djibouti: Exim Bank of Tanzania opens subsidiary

DJIBOUTI (SomalilandPress) — Ismail Omar Guelleh, the President of Djibouti officially opened the first branch of Exim Bank of Tanzania in Djibouti city. The opening ...

Sheikh Mohammed Al-Amoudi, Owner and Chairman Of MIDROC Ethiopia. He holds both Ethiopian and Saudi nationality

Ethiopian Largest Cement Plant to Start Output This Month

Dec. 5 (Bloomberg) — Derba MIDROC Cement Plc, Ethiopia’s biggest cement factory, said it will start production within the “next 10 days,” helping end a ...

Have the likes of Ophir Energy got Somaliland over a barrel?

Anyone taking even so much of a scintilla of interest into commercial activity across Africa will recognize there has been a sea change in attitude ...

Somaliland Expects Agreement With Ophir Energy ‘Within Weeks’

Somaliland, the semi-autonomous region in northern Somalia, expects to conclude a project- sharing agreement with Ophir Energy Plc, amid efforts to develop the territory’s potential ...

Horn of Africa Business Association optimistic about Somaliland

With Europe and North America currently enduring economic hard times it should come as little surprise that a number of companies and enterprising individuals have ...