Business

NCA Somalia and Somali Bureau of Standards Warn Against Importing Unauthorized Telecom Equipment

July 22, 2023 Mogadishu, Somalia – The National Communications Authority (NCA) Somalia notified all communications and technology stakeholders of the regulatory provisions prohibiting importing and investing in telecom equipment without obtaining prior approval from the NCA and Somalia Bureau of Standards…

Massive visa scam and human trafficking operation with links to gov't officials exposed in Mogadishu

MOGADISHU (HORN OBSERVER) – Mogadishu was shaken by a shocking incident on July 8 when a group of individuals stormed the premises of a travel agency located at KM4 junction, accusing the agency, as reported by the media, of orchestrating a large-scale visa scam.

Somalia's Profitable charcoal trade benefits government and Al-Shabaab: Report

MOGADISHU (HORN OBSERVER) – The lucrative charcoal trade in Somalia serves as a significant source of revenue for both the government and the militant group Al-Shabaab, a new investigation report has revealed.

Somalia's NISA issues warning to local businessmen dealing with al-Shabaab

Mogadishu, Somalia (Horn Observer) – The National Intelligence and Security Agency (NISA) has issued a warning to businessmen who were recently summoned by al-Shabaab militant group, according to a statement from the national intelligence.

Hormuud Receives ISO Certification in Information Security Management System

MOGADISHU (HORN OBSERVER) Hormuud Telecom, Somalia's leading telecommunications company, has been presented with the ISO/IEC 27001:2013 international certificate for Information Security Management System by Bureau Veritas. 

Mogadishu's Spiraling House Rents: Causes, Consequences, and Possible Solutions

Mogadishu is the most populous city in Somalia and, in 2015, ranked second as the fastest-growing city in the world by population after the Indonesian city of Batam. In the 1940s, Mogadishu had a population of around 40,00 people.

Somalia govt officials use private companies as a proxy to launder stolen money, receive kickbacks

MOGADISHU, Somalia (HORN OBSERVER) Officials within Somalia government are now implicated in a new money laundering scheme and kickbacks going off the radar of the finance ministry and other regulators, current and former government officials have now exposed.

Empowering Account Holders by Giving Them Control of their Payments

Over the past three years, we've seen payments innovation move at a blistering pace. Accelerated digitalisation during the pandemic boosted the adoption of digital and contactless payments around the globe. But we're just at the start of a shift in payments that will ultimately give consumers…

Report: Facing the impacts of climate change, agropastoralists in Africa are taking responsibility for their own development

NAIROBI (HORN OBSERVER) To achieve the Sustainable Development Goals (SDGs) in agropastoral communities, investments must facilitate seamless cross-border mobility, diversify skills and livelihood options, and directly strengthen family and socio-cultural bonds.

Germany commits €40 million to African Development Bank Group's Climate Action initiative for fragile African states

SHARM EL-SHEIKH (HORN OBSERVER) Germany has committed €40 million to the African Development Bank Group's Climate Action Window, German State Secretary for Economic Cooperation and Development Jochen Flasbarth has announced.