News

Somali pirate activity increases again

The International Chamber of Commerce’s (ICC) International Maritime Bureau (IMB) received reports of 33 incidents of piracy and armed robbery against ships in the first quarter 2024, up from 27 in the same period last year. (more…)

Somalia Annual Country Report 2023 – Country Strategic Plan 2022 – 2025

Somalia grapples with escalating climate challenges, including floods, prolonged droughts, and tropical storms, despite its minimal contribution to global greenhouse gas emissions. The country recently endured its longest recorded drought which pushed 6.6 million people (a third of the population) into acute food insecurity[1]. (more…)

More than 20 killed in Somalia in alleged Turkish drone strike

A drone strike just outside the Somali capital killed more than 22 people and wounded 21, including many children, a witness and a relative of the victims told The Washington Post. Two security sources, who spoke on the condition of anonymity because they were not authorized to speak to the...

Somalia Financial Governance Report 2023

This is truly a special edition of the annual Financial Governance Report as we pass the tenth year of the Financial Governance Committee (FGC). Since 2013, the Federal Government of Somalia has been proactively engaged in a transformational journey to improve financial governance and achieve macroeconomic (more…)