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Pakistan, Afghanistan no longer part of World Bank’s South Asia region

Pakistan, Afghanistan no longer part of World Bank’s South Asia region

The people cited above said Pakistan and Afghanistan will now be grouped under the bank’s Middle East and North Africa (Mena) region, which would leave the South Asia group with six countries—India, Bangladesh, Bhutan, the Maldives, Nepal and Sri...

Court clears six Moroccans but they remain detained in Somalia

Court clears six Moroccans but they remain detained in Somalia

Families call for urgent help as six Moroccans languish in Somali prisonSix young Moroccan men have been held for several years in a prison in Garowe, Puntland, Somalia. Although a final court ruling acquitted them of charges related to terrorism,...

Delinquency, Inc.: How crime is infiltrating the global economy

Delinquency, Inc.: How crime is infiltrating the global economy

The tentacles of organized crime reach across the globe, strengthened by growing armed conflicts, various crises and a worldwide panorama that has put democracies under pressure. No country is immune; in fact, according to the Global Initiative...

Somalia Opens National Meeting to Strengthen Local Governance and Service Delivery

Somalia Opens National Meeting to Strengthen Local Governance and Service Delivery

Mogadishu — Somalia’s Minister of Interior, Federal Affairs, and Reconciliation officially opened the National Local Governance Coordination Meeting on Thursday, emphasizing the importance of strong and accountable local governments to promote...

Somalia’s coastal crisis: Voices from the edge of the sea

Somalia’s coastal crisis: Voices from the edge of the sea

This photograph captures the coastal area of Mogadishu, Somalia, offering a view of the shoreline and water. The scene highlights the region's natural environment and coastal geography. Image by NMIUM from Alamy. Public domain. By Vladyslav...

Israel infiltrating Somalia

Israel infiltrating Somalia

According to reports, the UAE has deployed Israeli military equipment inside a semi-autonomous region of Somalia. Is the Israeli regime turning Africa into its next frontier of occupation and colonization? The downing of a Malian drone by Algerian...

World Bank: 421 million living in extreme poverty globally as conflicts more than tripled since 2000

World Bank: 421 million living in extreme poverty globally as conflicts more than tripled since 2000

WASHINGTON, June 28 — Conflicts and related fatalities have more than tripled since the early 2000s, fuelling extreme poverty, the World Bank said yesterday. Economies in fragile and conflict-affected regions have become “the epicentre of global...

Somalia: National Consultative Council meeting postponed amid political tensions

Somalia: National Consultative Council meeting postponed amid political tensions

Mogadishu, Somalia – A key meeting of Somalia’s National Consultative Council, originally scheduled for June 22, has been postponed to July 15, the federal government announced Saturday, citing preparations for the country’s Independence Week...

Somalia Launches Its First Stock Exchange in Mogadishu

Somalia Launches Its First Stock Exchange in Mogadishu

Somali Army, AU Forces Retake Two Villages From Al-Shabab MOGADISHU, Somalia - After a battle, the Al-Shabaab militants on various frontlines, the Somali National Army (SNA), with the help of the African Union Support and Stabilisation Mission in...

World Bank: Conflict, instability driving extreme poverty in Nigeria and 38 other economies 

World Bank: Conflict, instability driving extreme poverty in Nigeria and 38 other economies 

The World Bank has raised alarm over the growing impact of conflict and instability on 39 developing economies, including Nigeria, warning that these states are being left behind on key development indicators, with extreme poverty, hunger, and...

Surge in conflicts fuels extreme poverty: World Bank

Surge in conflicts fuels extreme poverty: World Bank

photo used for representational purposes. (From L) Spain's Minister of Economy, Trade and Business Carlos Cuerpo, Chairman of the Paris Club Bertrand Dumont, France's Minister for Economy, Finances and Industrial and Digital sovereignty Eric...

Rise in conflicts fuel extreme poverty – World Bank

Rise in conflicts fuel extreme poverty – World Bank

The World Bank on Friday said increase of conflicts and related fatalities since the early 2000s has fueled extreme poverty. This was as it said economies in fragile and conflict-affected regions have become the epicenter of global poverty and...

Is Israel heading for Somalia-style collapse?

Is Israel heading for Somalia-style collapse?

A colleague of mine, whose scholarly work on Africa carries considerable weight in academic circles, recently made a penetrating analysis of Somalia's contemporary condition. Historically, Somalia presented itself as a nation with a remarkably...

Somalia unveils stock exchange

Somalia unveils stock exchange

In a landmark move, Somalia has announced the establishment of its stock exchange, based in the capital city of Mogadishu, marking a significant milestone in the country’s economic landscape. After decades marked by political turmoil and economic...

From billions to trillions to traps: Rethinking development finance from the periphery

From billions to trillions to traps: Rethinking development finance from the periphery

As preparations intensify for the next Financing for Development (FfD) summit in Seville, Spain, starting on the last day of this month, the development community is once again reflecting on the promises and pitfalls of global finance. Since the...

To fight financial crimes, we must give people bank accounts

To fight financial crimes, we must give people bank accounts

Financial inclusion helps shield people from fraud, theft and other forms of criminal exploitation like human trafficking. Dr Alfred Hannig is Chief Executive Officer of the Alliance for Financial Inclusion, a network of 90 central banks and...

Somalia Concludes Four-Day National Consultative Conference in Mogadishu

Somalia Concludes Four-Day National Consultative Conference in Mogadishu

MOGADISHU, June 19 – Somalia on Wednesday concluded a four-day National Consultative Conference in the capital, Mogadishu, convened by President Hassan Sheikh Mohamud and attended by senior government officials, political leaders, and...

Somalia launches first national stock exchange

Somalia launches first national stock exchange

MOGADISHU, June 19 (Xinhua) -- The National Securities Exchange of Somalia (NSES) was officially launched on Thursday to spur the country's long-term economic growth and its integration into regional and global financial markets. NSES will...

18 Al-Shabaab Militants Killed in Airstrike in Somalia

18 Al-Shabaab Militants Killed in Airstrike in Somalia

Fri 27 Jun 2025 | 12:22 PM The Somali army, in coordination with international partners, killed 18 al-Shabaab militants and destroyed two military vehicles in a targeted airstrike in Hiran, central Somalia. The operation is part of an ongoing...

MPs approve AFC deal in push for longterm financing solutions

DODOMA: THE National Assembly has ratified the Agreement for the Establishment of the Africa Finance Corporation (AFC), paving the way for Tanzania to access long-term investment financing aimed at boosting infrastructure, industrial growth and...

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