by The Fikiria Desk | Dec 13, 2023 | Farming
Somalia’s farmers and herders have fed the country and exported to the Gulf for generations, largely without the finance, storage or formal markets that would let them keep more of the value they create. Today’s news does not close that gap, but it changes...
by The Fikiria Desk | Dec 13, 2023 | Money
For three decades Somalia’s private sector has run on trust, remittances and cash rather than on formal credit, precisely because the sovereign above it was uncreditworthy. That contradiction shifted today. In a joint statement, the International Monetary Fund...
by The Fikiria Desk | Dec 13, 2023 | Property
A cleared debt does not pour a single cubic metre of concrete. Yet today’s news reshapes the map of what can eventually be built in Somalia. The IMF and World Bank have confirmed that the country reached the completion point under the Heavily Indebted Poor...
by The Fikiria Desk | Dec 13, 2023 | Lifestyle
Debt relief is an abstraction until it reaches a street, a market or a departure lounge. That is the gap worth closing today. The IMF and World Bank have confirmed that Somalia reached the completion point under the Heavily Indebted Poor Countries (HIPC) Initiative,...
by The Fikiria Desk | Feb 27, 2021 | Economics
An economy can run on a tool it does not formally govern, and Somalia has done exactly that with mobile money for years. The channel settles trade, pays wages and moves remittances, all while sitting largely outside the formal payment system. On 27 February 2021, the...