Topic
economy
Warkasta is tracking economy across 19 reports from 6 sources. Recent coverage touches new, public, and announces, each linked to its original source with side-by-side comparison where outlets differ.
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- Fire Guts Shops at Mogadishu’s Bakara Market
- Once a Man’s World, Now a Shared Space: Women Transform Mogadishu’s Fish Market.
- Maersk announces new Turkey-Somalia container surcharge
- Bosaso Port Fee Dispute: Trade Expert Defends Tariff Increase, Calls for Public Understanding
- Puntland’s Main Gateway Falls Silent: Bosaso Port Crisis Sparks Public Anger and Business Boycott
- Former Qaran Express Investor Alleges Multi-Million Dollar Asset Diversion in New Public Claims
Latest reporting
Fire Guts Shops at Mogadishu’s Bakara Market
A major fire tore through Mogadishu’s Bakara Market on Tuesday, destroying multiple shops near the Cabdalla Shideeye junction and wiping out the stock and property of dozens of traders, witnesses said. The blaze broke out inside the market and quickly spread across several business sections before firefighters from the Banadir Regional Administration arrived to bring […] The post Fire
ENOriginalRadio Dalsan2 min read
Once a Man’s World, Now a Shared Space: Women Transform Mogadishu’s Fish Market.
Every morning, as the sun rises over Mogadishu’s coastline, the Hamar Weyne Fish Market comes alive. The voices of fishermen, customers, and traders fill the air as fresh fish brought from the sea is unloaded and prepared for sale. For many years, the market has been largely dominated by men, but today, more women are […] The post Once a Man’s World, Now a Shared Space: Women Transform Mogad
ENOriginalRadio Dalsan3 min read
Maersk announces new Turkey-Somalia container surcharge
Maersk, one of the world’s largest container shipping companies, has announced a new peak season surcharge on cargo transported from Türkiye to Somalia, a move that will increase shipping costs for importers using the trade route from July 28, 2026. The surcharge, announced on Tuesday, will apply to new non-SPOT bookings made from July 28 […] The post Maersk announces new Turkey-Somali
ENOriginalRadio Dalsan5 min read
Bosaso Port Fee Dispute: Trade Expert Defends Tariff Increase, Calls for Public Understanding
Garowe (WDN) – As the dispute over increased port charges at Bosaso Port continues to disrupt trade and commercial activity, international trade policy expert Eng. Abdullahi Bakayle has defended the revised tariff structure, arguing that much of the public debate has been driven by misinformation and a misunderstanding of how port fees and regional trade... The post Bosaso Port Fee Dispute: Trade
ENOriginalWardheer News4 min read
Puntland’s Main Gateway Falls Silent: Bosaso Port Crisis Sparks Public Anger and Business Boycott
Bosaso (WDN)– Puntland’s most important commercial hub has remained at a standstill, with port operations and business activities suspended after a dispute over increased port charges forced traders to halt operations. The shutdown has also sparked growing public protests across the coastal city of Bosaso, raising concerns about the broader economic impact on Puntland and... The post Puntlan
ENOriginalWardheer News2 min read
Former Qaran Express Investor Alleges Multi-Million Dollar Asset Diversion in New Public Claims
By Abdikarim Buh Fresh allegations have surfaced over the collapse of Qaran Express, one of Somalia’s once-prominent money transfer companies, with a former investor claiming that approximately $40 million in customer deposits and shareholder funds was diverted through an elaborate network of overseas investments and property acquisitions. The claims were made in a public statement... The po
ENOriginalWardheer News3 min read
Revolutionary Salaam App Set to Create Ease and Foster Banking Securit
“Digital payments are no longer a luxury but a necessity for business growth,” said Ahmed Osman, a local entrepreneur who uses Salaam Somali Bank’s services. “ The post Revolutionary Salaam App Set to Create Ease and Foster Banking Securit first appeared on Radio Dalsan .
ENOriginalRadio Dalsan5 min read
Somalinimo Week celebrates Somali culture and identity in Birmingham
Birmingham, England (HOL) — A weeklong festival celebrating Somali culture, identity and community is underway in Birmingham, with events ranging from traditional dance and poetry to business networking and public discussions.
ENOriginalHiiraan Online1 min read
Somalia Signs Contract for Key Road Studies Linking Central Regions to Indian Ocean Coast
MOGADISHU, June 24, 2026 – Somalia’s Ministry of Public Works, Reconstruction and Housing on Tuesday signed a contract for feasibility studies and design work on a key section of the planned Galkayo-Hobyo highway, a major infrastructure project aimed at boosting trade and connectivity in central Somalia. The agreement covers surveying, engineering design, environmental and […]
ENOriginalShabelle Media1 min read
Somalia, Islamic Development Bank sign $45 million cooperation framework
Baku, Azerbaijan (HOL) — Somalia and the Islamic Development Bank Group signed a three-year cooperation framework Friday to guide $45 million in development financing for Somalia from 2026 to 2028.
ENOriginalHiiraan Online1 min read
Loans help refugee mums revive businesses in Dadaab camps
A decent loan that refugee mum Hafsa Mursal Abdi received in February has enabled her ailing business in the refugee camps in Dadaab to revive and become the livelihood support for her seven children.
ENOriginalHiiraan Online2 min read
Shillings turn to trash in the hands of Somali small traders and poor consumers
Abdiqadir Mohamed Abdi, a grocery shop owner in Buur-Shabellow IDP camp in Baidoa, has saved up wads of torn, tattered shilling notes from his business earnings, faded and bound together with string or rubber bands – but he can’t use any of them today and is now completely broke.
ENOriginalHiiraan Online1 min read
Deputy Prime Minister of the FGS Opens Italy-Somalia Business Week
MOGADISHU – The Deputy Prime Minister of the Federal Government of Somalia, Mr. Salah Ahmed Jama, officially opened the Italy-Somalia Business Week 2026 today, which commenced in the city of Mogadishu. The event was attended by officials from the Federal Government of Somalia, Somali businessmen, and a large delegation from Italy.
SOTranslatedShabelle Media1 min read
The Minister of Trade Welcomes a Delegation of Foreign Businessmen in Mogadishu
The Minister of the Ministry of Trade and Industry of the Federal Government of Somalia, Mr. Jamaal Mohamed Hassan, today welcomed a high-level delegation of businessmen from Italy at Aden Adde International Airport. This welcoming event included businessmen and other officials, and this visit is part of the preparations for the Somalia–Italy Business Week 2026, which is a platform to strengthen […]
SOTranslatedSomali National TV1 min read
Hirshabelle infrastructure push signals Somalia’s drive for economic growth
Somalia is accelerating its push to strengthen economic growth and regional competitiveness through expanded infrastructure development and public investment, with new projects in Hirshabelle State marking a key milestone in the country’s reconstruction agenda.
ENOriginalHiiraan Online1 min read
River floods in Ethiopia’s Somali Region leave farming families facing ruin and children out of school
(ERGO)– More than 2,800 students in Qallaafe zone in Ethiopia’s Somali Region have been out of school since April after flooding from the Shabelle River forced families from their homes and destroyed schools, farms, businesses, and water sources. The floods closed 18 free primary and secondary schools in Qallaafe and surrounding villages in Shabelle zone, leaving... The post River floods in Ethiop
ENOriginalWardheer News4 min read
Director General Opens Workshop to Validate Somalia’s Blue Economy Assessment Study
Mogadishu, (SONNA) – The Director General of the Ministry of Fisheries and Blue Economy, Mr. Abdi Dirshe, officially opened a workshop organized in partnership with UNECA to review and validate Somalia’s Blue Economy Assessment Study. The study seeks to provide a scientific assessment of the true value of Somalia’s marine resources, with the aim of […]
ENOriginalSONNA English1 min read
Why the new Mogadishu maritime port deserves global investor attention
Somalia is rebuilding rapidly after decades of conflict. Investment opportunities are opening up across several sectors as the country seeks to take its place in the Horn of Africa and the global economy. Among the most promising opportunities is the New Mogadishu Maritime Port (NMMP).
ENOriginalHiiraan Online1 min read
The Golden Artery: How The China-Laos Railway is Re-Engineering Regional Trade and Infrastructure Economics
MOGADISHU, SONNA — On May 25, 2026, a refrigerated freight train loaded with fresh durians and mangosteens completed its journey from the Lao border town of Boten and arrived at the Chinese rail station of Mohan, clearing a major economic threshold. This arrival officially pushed the total volume of cross-border fruits transported along the China-Laos Railway past […]
ENOriginalSONNA English3 min read