The country depends heavily on international humanitarian aid and remittances from Somalis who work abroad. Agriculture, including livestock and crops, still accounts for more than 70% of the economy.

For decades, Somalia has relied heavily on agriculture, remittances, and foreign aid. Now, beneath its deep waters lies the potential for a new economic foundation.

Somalia's Foreign Minister Ahmed Moallim Fiqi met with Eswatini's Minister of Economic Planning and Development, Thambo Gina, on the sidelines of the Korea-Africa Foreign Ministers' Meeting in Seoul, ...

"The agreement reflects the unwavering U.S. commitment to Somalia’s prosperity and self-reliance". On September 28, Minister of Planning, Investment, and Economic Development Mohamed Abdirahman Farah, ...

The latest Somalia Economic Update examines recent economic developments and growth prospects, while also exploring the integration of climate change into Somalia's growth agenda. Water is vital for ...

Somalia's National Disaster Management Agency (SoDMA) hosted a delegation from Sweden and the Swedish International Development Cooperation Agency (Sida) on Monday for talks aimed at strengthening ...

Somalia’s coastal town of Hobyo will see the start of construction of a new port in December, with the facility ready for use in three years. Metag Holding, a Turkish company based in Ankara, will ...

Copenhagen, 19 November 2014 –The first annual Ministerial High Level Partnership Forum was held in Copenhagen 19-20 November, co-chaired by HE Hassan Sheikh Mohamud, the President of the Federal ...

NAIROBI, Kenya, December 16 (UNHCR) - Discouraged by season after season of drought, many herdsmen in north-east Somalia abandoned their dying flocks, trekked east and took up fishing off the Indian ...

In an exclusive interview from prison, Sadia Moalim Ali, a 27-year-old rickshaw driver, tells of her treatment after being arrested for demonstrating against the government ...