Financial and Banking News


Somalia Receives $70mn for Agricultural Reform Program 

Somalia has received credits worth $70mn from the International Development Association ($30mn), the Special Facility for Sub-Saharan Africa ($32.6mn) and the UK ($7.4mn) to support its agricultural reform program. This entails the establishment of an auction system for the allocation of foreign exchange, the elimination of subsidies on diesel fuel and tractor rentals, and further...