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By Staff Reporter
In BUSINESS
Apr 29th, 2020
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5039 Views
Mogadishu (Diplomat.so) – Ahmed Mohamud Yusuf, CEO of Hormuud, explains why, in Africa’s battle against COVID-19, telecoms will prove to be an essential public service We are already beginning to see Covid-19 take hold across vast swathes of Africa. This just the beginning of something far wors...
By Staff Reporter
In BUSINESS
Mar 25th, 2020
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5293 Views
Washington, DC (Diplomat.so) –  The International Monetary Fund (IMF) and the World Bank’s International Development Association have determined that Somalia has taken the necessary steps to begin receiving debt relief under the enhanced Heavily Indebted Poor Countries (HIPC) Initiative. ...
By Staff Reporter
In BUSINESS
Feb 28th, 2020
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4391 Views
Mogadishu (Diplomat.so) – Salaam Somali Bank is now one of the few banks in the continent that uses Oracle FLEXCUBE as their core banking system. This international standard core banking system will enhance the bank’s payments, credit facilities processing management and also offer analytical a...
By Najwa Guled
In BUSINESS
Feb 23rd, 2020
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4552 Views
Mogadishu (Diplomat.so) – The Al Barakat Group of Companies in Somalia held a welcome ceremony in Mogadishu to remove its name from the list of organizations supporting terrorism. Mr. Ahmed Nur Ali Jimale, Founder and CEO of Al-Barakat, who raised his personal name, the name of his company and ...
By Staff Reporter
In BUSINESS
Feb 17th, 2020
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3215 Views
Dubai (Diplomat.so) – Dubai Electricity and Water Authority (DEWA) has achieved a new world record in electricity Customer Minutes Lost (CML) per year. DEWA recorded 1.86 minutes, in Dubai, compared to around 15 minutes recorded by leading electricity companies in the European Union. This is a ...
By Staff Reporter
In BUSINESS
Feb 17th, 2020
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2977 Views
Mogadishu (Diplomat.so) – National Communications Authority (NCA) of Somalia has today announced the introduction of a unified licensing framework (ULF) in Somalia after consultation with the stakeholders. The new licensing framework, guided by the National Communications Law of 2017, offers mo...
By Tajuddin
In BUSINESS
Feb 8th, 2020
0 Comments
3128 Views
Mogadishu (Diplomat.so) – On Saturday, President of the Federal Republic of Somalia, Mohamed Abdullahi Mohamed “Farmaajo”, signed in his office at the presidential palace in Mogadishu, the National Petroleum Law, after being approved by a majority of the People’s and Senate’s assemb...
By Staff Reporter
In BUSINESS
Feb 7th, 2020
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3118 Views
Washington (Diplomat.so) – According to a statement issued by US Secretary of State Michael R. Pompeo, the United States identified the Venezuelan state-owned airline Consorcio Venezolano de Industrias Aeronauticas y Servicios Aereos, S.A. (CONVIASA) as blocked property of the Government of Ven...
By Staff Reporter
In BUSINESS
Feb 6th, 2020
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2994 Views
Washington (Diplomat.so) – Today, Assistant Secretary of State for Economic and Business Affairs Manisha Singh and Kenyan Cabinet Secretary, Ministry of Transport, Infrastructure, Housing, Urban Development and Public Works James Macharia signed an important Amendment to the U.S.-Kenya Air Tran...
By Staff Reporter
In BUSINESS
Jan 27th, 2020
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3363 Views
Nairobi (Diplomat.so) – The International Monetary Fund issued a press release today announcing that Somalia has made progress in monitoring programs and financial reforms, explaining that it has made a move to monitor it in another three years, which is considered a great work in debt relief. ...