Dar es Salaam, 28 Jul 2009 (Somalilandpress) -- Tanzania has launched a bank aimed specifically at women in what officials say will be an empowering move.
The bank says women need only an ID card or passport to open an account,...
Hargeisa, 26 July 2009 (Somalilandpress) - The Ethiopian and Kuwaiti governments signed on Tuesday a memorandum of understanding (MoU) which would enable the two countries to strengthen the air transport cooperation between the two countries.
According to the public relations...
Addis Ababa, 26 Jul 2009 (Somalilandpress) — The Malaysian oil and gas giant, Petronas, is to start drilling the first exploration well in the Ogaden basin.
Petronas will soon start drilling two wells in its concession area in the Genele...
The first undersea cable to bring high-speed internet access to East Africa has gone live.
The fibre-optic cable, operated by African-owned firm Seacom, connects South Africa, Tanzania, Kenya, Uganda and Mozambique to Europe and Asia.
The firm says the cable will...
HARGEISA, 18 Jul 2009 (Somalilandpress) — Somalia’s economy is dominated by trade in khat, a narcotic banned in the U.S. and much of Europe.
Eye-popping, head-buzzing khat is loved by Somali men who chew the leaves for their stimulant effect....
Mombasa, Jul 17 2009 (Somalilandpress) -- The deployment of the much hyped and celebrated Sea Cable System (SEACOM) Africa cable in troubled Somali waters has been completed and the connection of the cable stations directly to India and from...
China's economy grew at an annual rate of 7.9% between April and June, up from 6.1% in the first quarter, thanks to the government's big stimulus package.
The country's quickening economic expansion comes as most nations in the West continue...
Minneapolis, Jul 10 2009 -- Executive Director Hussein Samatar is a recipient of the 2009 Minneapolis/St. Paul Business Journal’s Minority Business Awards for his leadership with the African Development Center. He was recognized with other top minority business owners,...
Las Anod, June 27, 2009 (Somalilandcurrent) -- The Central Bank of Somaliland (CBS) opened its first branch in Las Anod, the regional capital of Sool on Friday. The branch will introduce Somaliland currency to the region and will...
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...