THE country’s banking sector soundness has improved further despite closure of five community banks over lack of adequate capital early this year. The sector stability, measured by Financial Soundness Indicators (FSIs), showed positive outcome to almost all points centred on capital adequacy, asset quality, earnings, liquidity and sensitivity to market risks. Central bank data showed

His win was greeted with jubilation and hope as Mogadishu residents burst into song and dance. Similar acts of excitement were reported in neighbouring Somali communities in Kenya, Ethiopia; and around the world. Somali’s genuinely had high hopes for the new leadership in Somalia. The president immediately vowed to crack down on the rampant corruption

Somalia President Mohammed Abdullahi Mohammed  met with the United Arab Emirates’s ambassador to Somalia Mohammed Ahmed Othman Al Hammadi yesterday, meeting discussed strengthening bilateral relations between Somalia and the United Arab Emirates, in order to achieve the common interests of the two countries. During the meeting Somali President Abdullahi Mohamed  thanked the United Arab Emirates

The Minister of Finance of the Federal Republic of Somalia, HE Abdirahman Duale Beyle, accompanied by some government ministers, today met with the heads of the United Nations Office of the United Nations in the presence of Michael Keating and other UN officials. The conference on how to strengthen cooperation between the United Nations and

Mogadishu – Governor of Benadir region  Mogadishu Mr. Abdirahman Omar Osman participated in cultural and artistic competitions for four sub-districts in Waberi district, demonstrating the integration of community and peace in the capital. Governor  said his administration is especially important for the use of sport and the arts to educate young people of peace culture

The Somali judge was elected to the court’s Chamber of Summary Procedure along with four other judges and two alternate judges, who shall henceforth hear and determine cases brought before the court. International Court of Justice has elected a new President on Tuesday. H.E. Judge Abdulqawi Ahmed Yusuf, the former Vice-President of the ICJ has

The attacks killed over 500 people according to official records. It has been tagged the deadliest attack in a country that is beset by onslaughts from Al-Shabaab insurgents.The convict, Hassan Aden Isak, according to the court was driving a truck intended to be used in a second bombing on the day. A second person was

Mogadishu, : The President of the Federal Republic of Somalia, HE Mohamed Abdullahi Mohamed, hosted a dinner in honor of the National Security Council. The President of the Federal Republic of Somalia today arrived in Mogadishu, arrived in attendance at the National Security Conference which will be open 6 feb 2018. Honorable Prime Minister of

Mogadishu – The Finance Minister of the Federal Government of Somalia, Mr. Abdirahman Duale Beyle, reports from the Ministry of Finance of the Year 2017 and the plans for 2018. Minister Beyle held a press conference in his Office reported on the financial issues of the Ministry of Finance last year in 2017, and also

Mogadishu, the capital city of Somalia, is set to open a National Security Conference meeting, which will be attended by the leaders of the Federal Government and the regional administrations. The conference which will be chaired Somali President, Mohamed Abdullahi Mohamed convenes leaders from the Federal Member States of    Somalia and the Benadir Regional Administration.