Tag: Hassan Sheikh Mohamud
Africa International

Somalia’s president declares ‚all-out war’ on al-Shabab ‚terror scourge’

North Africa PostComments Off on Somalia’s president declares ‚all-out war’ on al-Shabab ‚terror scourge’

Somalia’s government will launch a “total war” against al-Qaida affiliated militant group al-Shabab following a recent deadly hotel siege in the capital Mogadishu staged by the group, Somali President Hassan Sheikh Mohamud announced in a televised speech on Tuesday (23 August). Mohamud said it is time to come together to defeat the enemy, adding that […]
Business Finance

Somalia’s banking: Turkish and Egyptian banks issued first post-war licenses

North Africa PostComments Off on Somalia’s banking: Turkish and Egyptian banks issued first post-war licenses

Central Bank of Somalia (CBS) has recently granted its first two foreign banking licenses — to Turkey’s Ziraat Katılım bank and Egypt’s Banque Misr — in decades as the country seeks to rebuild its financial sector and attract international investment. Both state-owned financial institutions were approved by Somalia’s central bank at the start of July. […]