HARGEISA, SOMALILAND: The Somaliland Ministry of Water and Mineral Resources has extended the country's first bid round for hydrocarbon concessions by three months. The deadline for final submission of bids has been pushed to Dec. 15, 2009, and concessions...
African Union Commission inaugurates African Continental Free Trade Area (AfCFTA) permanent secretariat as launchpad for Africa’s economic transformation
The African Development Bank Group provided a $5 million institutional support grant to the AU towards the establishment of the AfCFTA secretariat
ABIDJAN,...
Mobile money transfer system M-Pesa, Solar supply company M-Kopa and money remittance company Dahabshiil have been described as the most innovative financial ideas turning around the lives of the poor in Africa.
According to a special report in the latest...
By Goth Mohamed Goth
Mr. Abdi Rashid Mohamed Said Duale, the CEO of Dahabshiil group of companies speaking to BBC Somali language service spoke on the importance of the UK-Africa Investment Summit held in London.21 African heads of states and...
Somaliland telecommunication industry is bound to grow following a move by the government to amend the law.
Last week, the Somaliland parliament passed a law allowing competition in the provision of fibre optic services in the country.
The move was immediately...
The business community in the Horn of Africa has welcomed the move by the World Bank and the International Monetary Fund to offer debt relief to Somalia.
Coming days after the Horn of Africa nation was admitted into the East...
HARGEISA (Somalilandpress) -- Recent geological surveys indicate that Somaliland has abundant deposits of gemstones, from emerald to aquamarine, ruby and sapphire as well as vast amounts of garnet, quartz and opal as well as lesser-known minerals such as titanite...
Investment in the Berbera port and the Berbera corridor is part of a wider USD $1.7 billion partnership that will help address stark imbalance in global trade, accelerate Africa’s trade potential, and improve the economic prospects of millions of...
By Goth Mohamed Goth
A Well attended graduation ceremony was held on Wednesday for the 14th batch Admas University students at the Mansoor Hotel in Hargeisa.
Dr. Mula Sagai, the Vice Chancellor of Admas University's main campus in Addis Abba, Ethiopia,...
P&O Ports has signed MOUs for preliminary discussions with the governments of Madagascar, the Republic of Somaliland and Albania to enhance their port infrastructure.
By Robert Anderson
The government of Dubai today announced the establishment of P&O Ports, a new subsidiary...