Business

Somalia Revives Its Maritime Flag with First Vessel Registration in Over Three Decades

Mogadishu, Somalia (Horn Observer) Somalia's Ministry of Ports and Maritime Transport of the Federal Government of Somalia (MPTS) has this week officially registered a Somali-flagged vessel, Guney (IMO No. 8230417), in what believe aimed developing the country's blue economy and step toward…

France Ensuring Africa's Partnership Sustainability

United States-Israeli war in the Islamic Republic of Iran, shattering Africa's economic landscape and leaving an emotional devastation. Europe is fractured, but completely. France has taken the initiative to create a platform in Nairobi, the capital of Kenya, located in East Africa. More than 2,500…

Somalia Seals Strategic Minerals Cooperation Deal with U.S. State of West Virginia

Mogadishu, Somalia (Horn Observer) Somalia has signed a Memorandum of Understanding (MoU) with the U.S. state of West Virginia aimed at strengthening cooperation in the exploration and development of critical mineral resources in Somalia, Officials said.

Ethiopia Targets $2.4 Billion at Forthcoming Investment Forum

Welcome to Ethiopia, East African country largely diversifying its investment portfolio, and targeting $2.4 billion new investments. While internal challenges noticeably remain, the Ethiopian Investment Commission has reassured government steps and measures to sustain foreign direct investment inflows…

Somalia Hosts Women's Business Fair to Mark International Women's Day

Mogadishu, Somalia (Horn Observer) Somalia marked International Women's Day with the opening of the Somali Women's Business Fair in Mogadishu, an event aimed at promoting women's entrepreneurship and supporting vulnerable women through health and economic initiatives.

Russia Facilitates Travel and Tourism for Africans

Russian Foreign Minister, Sergey Lavrov, has reiterated the official statement on expanding 'visa-free' travel between Russia and Africa, signaling Kremlin's earlier position on facilitating people-to-people movement and raising cultural interaction. The question of 'visa-free' travel…

Somalia's Anti Corruption Crypto Token $SOMAL Launched

The $SOMAL has launched on the Seychelles based MEXC decentralized exchange. Operating on the Solana blockchain, SOMAL is transparent by design, fully decentralized and immutable, and supported by the Leader of Accountability and Transparency Caucus of the House of People of Somalia, Dr. Abdillahi Hashi…

United States and Russia Resolving Trade Issues and Seeking New Business Opportunities

Despite the complexities posed by Russia-Ukraine crisis, United States has been taking conscious steps to improve commercial relations with Russia. Unsurprisingly, Russia, on the other hand, is also moving to restore and normalise its diplomacy, negotiating for direct connections of air-routes and passionate…

AlHuda CIBE Hosts Int'l Exposure Visit Showcasing Pakistan's Islamic Finance Industry

(December 02, 2025 – Lahore, Pakistan): AlHuda Centre of Islamic Banking and Economics (CIBE), a global leader in Islamic finance advisory and capacity building, successfully organized an International Exposure Visit to Pakistan, hosting delegates from nine different countries including Tajikistan,…

Somaliland Engages AlHuda CIBE to Develop Islamic Banking Regulations

(28th November – Dubai, UAE): AlHuda Centre of Islamic Banking and Economics (AlHuda CIBE) is pleased to announce the commencement of a major strategic consultancy assignment with the Central Bank of Somaliland (BoS), marking a significant step toward establishing a fully developed Islamic banking…