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Somalia Somalia is a country located in the Horn of Africa which is bordered by Kenya to the southwest, the Gulf of Aden and Yemen to the north, the Indian Ocean to the east, Ethiopia to the west, and Djibouti to the northwest with a population of 19,009,200 million as of 2024. Somalia’s ties to […]
...In recent years, Africa has witnessed a rapid advancement in digital banking, reshaping the continent’s financial landscape. Somalia is a remarkable example, where East Africa’s Salaam Bank, in collaboration with Paymentology, has launched a co-branded tokenised tap-to-pay digital companion card and a physical card for its Waafi mobile money app users. This innovative move, a first for […]
...James Swan, head of the UN Assistance Mission in Somalia (UNSOM) briefed ambassadors noting that the Somali government is prioritising security and combating Al-Shabaab fighters on many fronts. “For its part, Al-Shabaab remains determined to continue terrorist attacks with little regard for the loss of civilian life,” he said. “I condemn these terrorist attacks and extend my […]
...Amendments Could Weaken Restrictions on Child Marriage, FGM Somalia’s parliament should reject any proposed constitutional amendments that would weaken rights protections for children, Human Rights Watch said today. On March 30, 2024, both houses of parliament are expected to vote on the proposed amendments, which would reduce the age of majority – increasing the risk […]
...Mastercard, a leading global technology company in the payments industry, recently announced its partnership with SomBank, one of the innovative financial institutions in Somalia. The purpose of the partnership is to promote the adoption of digital payment solutions in the country, bringing more Somalis into the digital fold. The partnership allows SomBank to issue and […]
...By Dr. Mohamed Abdi Farah – Special Adviser on Health and Nutrition, National Coordinator for SUN, Office of the Prime Minister, Federal Republic of Somalia and a Member of of the Global Nutrition Report Stakeholder Group Recent estimates suggest that over 8 million Somalis will be facing a food insecurity crisis by mid-2023. Around 1.8 […]
...With his appointment as minister, H.E. Abdirizak Mohamed is set to usher in a new era of industry growth and development. The African Energy Chamber (AEC) congratulates H.E. Abdirizak Mohamed for his appointment as Minister of Petroleum and Mineral Resources of the Federal Republic of Somalia. While this role may present challenges, the AEC firmly […]
...By Adam Abdelmoula I arrived in Somalia in September 2019, two decades after having worked here previously. I knew that I was taking up a challenging assignment, but I was also looking forward to seeing Somalia’s progress. Afflicted by decades of conflict, recurrent climatic shocks, disease outbreaks and poverty, Somalia was often called a ‘failed state.’ […]
...Mastercard debit card can be used for both in-store and online purchases Partnership will be instrumental in enhancing Somalia’s digital economy and prospects for financial inclusion As part of continued efforts to expand access to the digital economy and drive financial inclusion in Somalia, MyBank, Mastercard and Network International have partnered to launch a new […]
...Somalia is one of the most complex regions of the world, with threats and political instability, extreme weather conditions, movement of internally displaced people (IDPs), decades of conflict, poverty-related deprivation, poor health and communicable diseases that are killing people. There is a constant risk of gender violence making women, children and members of minority groups […]
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