Ammon News - US cancels $1.1bn of Somalia’s debt in ‘historic’ financial agreement Commitment by Mogadishu’s largest single ...

The United States and Somalia reached an agreement on Tuesday for Washington to cancel more than $1 billion debt owed by the ...

The US has written off more than $1.1 billion of Somalia’s debt, signalling Mogadishu’s continued wins in the international ...

The office of Somalia’s prime minister, Hamza Abdi Barre, announced the decision on April 4, citing reasons similar to those ...

Somalia is to benefit from a $4.5 billion debt reduction plan with international creditors to service its debt, the International Monetary Fund (IMF) announced in a statement on Wednesday.

In a move to bolster Somalia's economic recovery and stability, the United States has forgiven $1.14 billion in debt owed by Somalia. The debt cancellation, announced by US Ambassador to Somalia ...

Korean ships sailing in international waters will have to build a safe place designed to protect their crew members from ...

Mido's youngest daughter, Fatun. The WFP reports that it helped 4.4 million people in Somalia with life-saving food assistance during October, the most ever for a single month. The number of ...

4. Coastal Plain The Coastal Plain area stretches from the southern tip of Somalia along the Indian Ocean as far north as Hurdiyo. The plains become progressively narrower as the Northern Somali ...

Somalia says Egypt has offered to deploy peacekeeping ... Ethiopia and Egypt — is over Ethiopia’s construction of a $4 billion dam on the Blue Nile, a key tributary of the Nile River.

4. Nearly 6.7 million people in Somalia—41% of the population—are expected to be battling widespread food shortages between October and December this year, which is an increase of nearly 2.4 million ...

The announcement is the result of a deal between the two countries signed by Somalia’s finance minister and the US ambassador ...