18 March 2019

Somalia: Govt Records 18.5 Percent Revenue Increase

Somalia government has recorded an 18.5 percent increase in revenue collection. According to dispatch from the Finance Ministry, the government collected a total of 293.3 million dollars in 2018, compared to 248 million dollars in 2017.

The development is a welcome boost for the economy which has been struggling to meet its obligation to reign lenders. The government is struggling to pay its external debt of about $5.2 billion, according to the IMF.

Somalia has not made a service or amortization payment since civil war broke out more than 25 years ago.

Somalia

President in Egypt for Meeting On Sudan and Libya

Somali President Mohamed Abdullahi Farmajo arrived in the Egyptian capital, Cairo on Monday. Read more »

See What Everyone is Watching

Copyright © 2019 Dalsan Radio. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.