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

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 Turkish government has said that its recent air and naval forces will reach Qatar, where they have formed a military base. Turkey and Qatar signed a military co-operation agreement in 2014, and a series of Turkish troops from the Turkish Army in Qatar arrived in 2015. The Turkish embassy in Doha has said it

The leaders of Egypt, Ethiopia and Sudan have met on the sidelines of the ongoing African Union Summit, as they continue to work towards resolving the impasse over Ethiopia’s Grand Renaissance Dam project . from the deliberations of the three countries leaders, Egypt’s president Abdel Fattah el-Sisi, Sudan’s Omar Hassan al-Bashir and Ethiopian prime minister

Addis Ababa – The President of the Federal Republic of Somalia, HE Mohamed Abdullahi Mohamed, met with the Secretary-General of the United Nations Secretary-Antonio Guterres in Addis Ababa. Antonio Gutters Secretary-General of the United Nations General Assembly praised the successes of the Government of Somalia for the security and governance reform, and expressed his optimism

Addis Ababa – The Minister of Foreign Affairs and International Cooperation of the Federal Republic of Somalia H.E. Amb. Ahmed Isse Awad meets with Ethiopian foreign Minister , discussed the strengthening of bilateral ties and multilateral cooperation between the two countries. Amb. Ahmed Awad and Dr. Workneh Gebeyehu has been devastated by security, trade, investment

The Minister of Foreign Affairs and International Cooperation of Somalia, HE Amb. Ahmed Isse Awad, delivered a speech at the extraordinary meeting of the Council of Foreign Ministers  of the Organization of Islamic Cooperation  in Jeddah on Sunday. The foreign minister stressed Somalia’s solidarity with Saudi Arabia in confronting the attacks by the Huthi rebels.

Former African and World Footballer of the year, George Manneh Weah, has officially been sworn in as president of Liberia at a ceremony in the capital Monrovia. The former AC Milan and Monaco forward took the oath from the Chief Justice at a packed Samuel Kanyon Doe Sports Complex. The event was attended by about

Egyptian President Abdel Fattah al-Sisi has said that while his country appreciates the goodwill of Ethiopia in protecting their Nile interests, the only viable resolution to the dam stalemate is the completion of technical studies to ascertain the effect of the dam on the Nile waters. Ethiopia hopes the hydroelectric Grand Renaissance Dam will make

The Egyptian President Abdel-Fattah al-Sisi on Monday said his country is not conspiring against Sudan and Ethiopia stressing Egypt is not planning to go to war against its brothers Al-Sisi ‘s statements come amid rising tensions between Egypt on the one hand and Sudan and Ethiopia on the other. The are several issues between Cairo