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International Rescue Committee announces $1 million contribution from Novartis in support of COVID-19 response in East Africa

New York, NY, May 7, 2020 — As the global COVID-19 pandemic begins to reach fragile and conflict-affected countries, the International Rescue Committee (IRC) today announced a $1 million contribution by Novartis to its COVID-19 response efforts in Uganda, Kenya and…

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Somalia and Italy sign an agreement to boost domestic production

Mogadishu(SONNA):-The Ministry of Commerce and Industry (FGS) and the Italian Agency for development cooperation have formally signed an agreement to boost the manufacturing sector in Somalia, particularly in the fields of agriculture and fisheries.The…

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Somalia to reestablish financial relations with World Bank

MOGADISHU, The World Bank Group Board of Executive Directors has moved toward normalizing its relations with the Federal Government of Somalia (FGS) after thirty years.This will open up opportunities for Somalia to access concessional financing from th…

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Somalia to reestablish financial relations with World Bank

MOGADISHU, The World Bank Group Board of Executive Directors has moved toward normalizing its relations with the Federal Government of Somalia (FGS) after thirty years.This will open up opportunities for Somalia to access concessional financing from th…

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Somali and African development Bank sign debt relief agreement+Picts

Somalia’s Minister of Finance, Dr. Abdirahman Beileh and the African Development Bank’s Vice President for Regional Development, Integration and Business Delivery, Khaled Sherif on Monday signed a $122.55 million grant agreement to advance Somalia’s na…

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Somalia to reestablish financial relations with the World Bank Group,after thirty years

WASHINGTON(SONNA) The World Bank Group Board of Executive Directors today moved toward normalizing its relations with the Federal Government of Somalia (FGS) after thirty years.This will open up opportunities for Somalia to access concessional financin…

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IMF secures $330m debt relief for Somalia

WASHINGTON, The International Monetary Fund (IMF) says it has secured more than $330m (Pound 255m) in debt relief for Somalia.This brings the country a crucial step closer to receiving forgiveness for its $5.3bn debt and accessing new resources.The IMF…

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Somalia to reestablish financial relations with the World Bank Group after thirty years

WASHINGTON, The World Bank Group Board of Executive Directors today moved toward normalizing its relations with the Federal Government of Somalia (FGS) after thirty years. This will open up opportunities for Somalia to access concessional financing fro…

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Somalia ‘Now in Good Standing’ With World Bank

WASHINGTON – The World Bank on Thursday said it is normalizing relations with the Federal Government of Somalia after 30 years.The bank noted the Somali government’s strong record of fiscal, political, social and economic reforms in recent years in mak…

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Somali Foreign Minister discusses with the Turkish ambassador trade and investment relations

Mogadishu(SONNA)- The Minister of Foreign Affairs and International Cooperation, H.E. Amb. Ahmed Isse Awad, received on Monday at his office in the Ministry in Mogadishu, the Ambassador of the sisterly Republic of Turkey, H.E. Mr. Mehmet Yilmaz, and di…