World

Somalia To Reestablish Financial Relations with The World Bank Group After Thirty Years

WASHINGTON, February 27, 2020 — The World Bank Group Board of Executive Directors today moved toward normalizing its relations with the Federal Government of Somalia (FGS) after thirty years. This will open up opportunities for Somalia to access concessional financing from the World Bank's International…

Somalia: African Development Bank Group approves framework to clear nation's arrears

The African Development Bank and African Development Fund today approved a framework for $122.55 million to clear Somalia's arrears, paving the way for the Bank Group to fully reengage with Somalia and opening opportunities for enhanced financing for the country.

AfDB Director Hanan Morsy named one of Egypt's 50 most influential women

The Director of Macroeconomic Policy, Forecasting and Research at the African Development Bank, Dr Hanan Morsy, has been named one of Egypt's 50 most influential women.

IMF and World Bank Consider Somalia Eligible for Assistance Under the Enhanced Heavily Indebted Poor Countries (HIPC) Initiative

The Executive Boards of the International Monetary Fund (IMF) and World Bank met, on February 12 and 13, respectively, to consider Somalia's eligibility for debt relief under the Enhanced Heavily Indebted Poor Countries (HIPC) Initiative.

Canadian Prime Minister Justin Trudeau meets African leaders to advance conflict resolution and economic security

ADDIS ABABA, Ethiopia-- Canada's Prime Minister Justin Trudeau convened a meeting for African heads of state, foreign ministers and representatives of the United Nations and other multilateral bodies on Monday to discuss ways to secure peace across the continent as a necessary condition for prosperity.

Amb. Dahir Geelle to run for Somalia presidential election in 2020/2021

Johannesburg , South Africa (Horn Observer) former minister of information Amb. Dahir Mohamoud Geelle announced his presidential candidacy in the upcoming elections in Somalia set to take place in 2020/2021.

Somali minister of Finance and Russian Ambassador to Somalia discuss debt relief program in Djibouti

Djibouti - The The Minister of Finance for the Federal Government of Somalia Abdirahman Duale Beyle on Wednesday met with Mr. Mikhail Golovanov,Ambassador of the Russian Federation to Somalia in Djibouti , to discuss Somalia Debt relief program, Somalia's SONNA reported.

FAO: Alarm over Desert Locusts increases as new generation of the destructive pests starts breeding in Horn of Africa

Rome, Italy - The UN Food and Agriculture Organization (FAO) today warned that rising numbers of Desert Locusts present an extremely alarming and unprecedented threat to food security and livelihoods in the Horn of Africa.

Somali businessman kidnapped in South Africa

Johannesburg, South Africa - (Horn Observer) Somali businessman was reportedly kidnapped in the South African capital in Johannesburg, the latest in a string of attacks against the Somalis in South Africa.

The 33rd African Union Summit kicks off in Addis Ababa Ethiopia with the 39th Session of the Permanent Representatives Committee

Addis Ababa, Ethiopia: Under the theme guns: creating conducive conditions for Africa's development', the 33rd African Union (AU) Summit opened on Tuesday 21 January 2020, at the African Union Headquarters in Addis Ababa, Ethiopia, with the conference of the Permanent Representatives' Committee…