The World Bank and the Somali government held a two-day Country Portfolio Performance Review (CPPR) this week to evaluate progress on development projects. The meeting took place as Somalia approaches the Highly Indebted Poor Countries (HIPC) Completion Point, which is a significant milestone that will unlock new financing opportunities for the country. The HIPC Initiative, […]
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Somalia’s National Communications Authority (NCA) said six mobile phone operators have completed their interconnection service, marking a significant milestone for the telecom industry. The NCA, the telecom industry regulator, said in a statement issued Sunday evening that the interconnection service will enable seamless connectivity between the operators and provide millions of customers with more options […]
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DP World and the Government of Somaliland have launched the new Berbera Economic Zone (BEZ), which, along with the Port of Berbera, is converting the area into a significant trading hub in the Horn of Africa. At a special event attended by several hundred guests, His Excellency Muse Bihi Abdi, President of Somaliland, and Sultan […]
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UAE-based DP World has been upgrading the port of Berbera on the coast of Somaliland since winning a 30-year concession in 2016. Supachai Wattanaveerachai, DP World’s CEO for the Horn of Africa region, tells fDi about the port’s prospects and the current stand-off with Ethiopia. Q: What specific opportunities do you see in operating in Berbera? A: The […]
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flydubai, the Dubai-based airline, announced today the launch of a daily service to Mogadishu Aden Adde International Airport (MGQ) from 9th March 2023. The carrier will double the frequency of flights from 1st June, 2023, making it the first carrier to connect Somalia directly with Dubai and the United Arab Emirates. Hamad Obaidalla, Chief Commercial […]
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Plans for the reopening of the Kenya-Somalia border in Mandera are nearing conclusion, with the renovation of the Customs Border Control Point set to begin soon. This follows a series of high-level consultations between the two countries with the intent to advance new spheres of shared interests, particularly cross-border trade and regional security. Interior Cabinet […]
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Fresh Del Monte Produce one of the world’s leading vertically integrated producers, marketers, and distributors of high-quality fresh and fresh-cut fruits and vegetables, and Moze Holding Limited, a Talc Investment company based in Somaliland have signed a multi-year banana partnership located in the heart of the previously famed banana belt area. This partnership will not only […]
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By Michael Walls The presence of oil in Somaliland has been confirmed by a recent exploration. The discovery has raised the stakes in Somaliland’s claim for independence from Somalia as it holds the potential for a new stream of revenue for the semi-autonomous state. But the oil exploration is deepening the rift with Somalia, which claims sovereignty over […]
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United Arab Emirates based maritime operator DP World has set in place plans to further expand the Somaliland’s Port of Berbera after completion of Phase 1 of the project. This will require extending the quay from 400m to 1,000m and buying seven more STS gantry cranes. The completion of Phase 1 of the port’s redevelopment, […]
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The Somali airspace has regained its Class A classification after more than 30 years, the International Air Transport Association said. IATA confirmed the reclassification of the Mogadishu Flight Information Region airspace in a statement on Wednesday. Class A airspace is the sky above the base altitude of about 24,500 feet (7,467 meters) above mean sea […]
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