"The agreement reflects the unwavering U.S. commitment to Somalia’s prosperity and self-reliance". On September 28, Minister of Planning, Investment, and Economic Development Mohamed Abdirahman Farah, ...

The country depends heavily on international humanitarian aid and remittances from Somalis who work abroad. Agriculture, including livestock and crops, still accounts for more than 70% of the economy.

The latest Somalia Economic Update examines recent economic developments and growth prospects, while also exploring the integration of climate change into Somalia's growth agenda. Water is vital for ...

UNDP launched its 2026–2030 Country Programme Document (CPD) to guide its activities in Somalia over the next five years. The programme prioritizes governance, peacebuilding, institutional ...

Somalia's federal government has launched a $12 million international climate resilience project covering 17 cities across the country, but areas administered by the Northeastern Administration were ...

LONDON (Reuters) -The closure of the U.S. Agency for International Development earlier this year hit Somalia's economy and tax revenues, the head of the country's development bank said on Tuesday. "In ...

NAIROBI, Kenya, December 16 (UNHCR) - Discouraged by season after season of drought, many herdsmen in north-east Somalia abandoned their dying flocks, trekked east and took up fishing off the Indian ...

Somalia’s coastal town of Hobyo will see the start of construction of a new port in December, with the facility ready for use in three years. Metag Holding, a Turkish company based in Ankara, will ...

Copenhagen, 19 November 2014 –The first annual Ministerial High Level Partnership Forum was held in Copenhagen 19-20 November, co-chaired by HE Hassan Sheikh Mohamud, the President of the Federal ...

Join us on YouTube for the launch of the 8th edition of the Somalia Economic Update, titled: Integrating Climate Change with Somalia's Development: The Case for Water (report available Nov. 30). This ...