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.

Somalia faces more than spillover effects – these shocks are pushing the country’s long-term recovery further out of reach.

For decades, Somalia has relied heavily on agriculture, remittances, and foreign aid. Now, beneath its deep waters lies the ...

Somali President Hassan Sheikh Mohamud talks to journalists on security policy at Villa Somalia, the palace and principal workplace of the president, on April 22, 2025 in central Mogadishu, Somalia.

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 ...

"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, ...

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 ...

Somalia's Ministry of Public Works, Reconstruction and Housing is taking part in the 13th World Urban Forum in Azerbaijan's capital Baku, where governments and international organizations are ...

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 ...

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 ...

In an exclusive interview from prison, Sadia Moalim Ali, a 27-year-old rickshaw driver, tells of her treatment after being arrested for demonstrating against the government ...