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Somalia's economy consists of both traditional and modern production, with a gradual shift to more modern industrial techniques. According to the Central Bank of Somalia, about 80% of the population are nomadic or semi-nomadic pastoralists, who keep goats, sheep, camels and cattle. The nomads also gather resins and gums to supplement their ...
The Somali economy was hurt as much by these factors and by the economic cost of creating a large modern army as it was by the concurrent drought. Two economic trends from this period were noteworthy: increasing debt and the collapse of the small industrial sector. [1] During the 1970s, foreign debt increased faster than export earnings.
Somalia has an estimated population of 18.1 million, [18] [19] [20] of which 2.7 million live in the capital and largest city, Mogadishu. Around 85% of Somalia's residents are ethnic Somalis; the official languages of the country are Somali and Arabic, though Somali is the primary language. Somalia has historic and religious ties to the Arab ...
Joe Biden owes the American people an explanation why US troops are fighting in Somalia, where political solutions are needed, Ali-Guban Mohamed says Solution to Somalia's problems political, not ...
Charcoal soon became a lucrative cornerstone of the political economy in Somalia and ultimately turned into one of the most important revenues for criminal networks such as Al-Shabaab. [1] Despite international efforts to curb the trade during the 2010s, it periodically flourished and continues to be a politically destabilising factor in the ...
Corruption in Somalia pertains to purported levels of corruption within Somalia's public and private sectors according to official metrics, anti-graft measures aimed at addressing those issues, as well as political dispensations and structural changes in government affecting transparency.
A World Bank report acknowledged a delay in getting water access for the new village, but said the village’s water issues had been solved by late 2012. The villagers say that’s not true. They are still waiting, four years after they were forced to relocate, for local authorities to keep their promise to build a small pipeline to draw water ...
Somalia also added India to its list of states, including the U.S. and France, which are permitted to enter its territorial waters, extending up to 12 nautical miles (22 km; 14 mi) from the coastline, in an effort to check piracy. [48] An Indian naval official confirmed receipt of a letter acceding to India's prerogative to check such piracy.