Business & Economy

Addis Ababa, 26 Jul 2009 (Somalilandpress) — The Malaysian oil and gas giant, Petronas, is to start drilling the first exploration well in the...

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...

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,...

Mombasa, Jul 17 2009 (Somalilandpress) -- The deployment of the much hyped and celebrated Sea Cable System (SEACOM) Africa cable in troubled Somali waters...

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...

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...

Las Anod, June 27, 2009 (Somalilandcurrent) -- The Central Bank of Somaliland (CBS) opened its first branch in Las Anod, the regional capital of...

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...

Hargeisa, 16 June 2009  -- The dusty, potholed streets of Hargeysa in Somaliland are filled with battered cars and ambling pedestrians. The tangled birds'...

Hargeisa, 15 June 2009  -- Daallo airlines has launched a new luxury, daily nonstop services connecting Somaliland's capital Hargeisa to number of cities in...