Somali National News Agency
So
Ar
Search
  • Home
  • Local News
    Local NewsShow More
    Minister of Ports and Maritime Transport Oversees Leadership Transition at Mogadishu Port
    August 29, 2025
    African Union Commission Welcomes Somalia’s Revised Electoral Framework Agreement
    August 29, 2025
    Somali President Appoints Mohamed Ali Nur as New Mogadishu Port Director
    August 28, 2025
    President Hassan Sheikh Mohamud Meets with Djiboutian Foreign Minister in Mogadishu
    August 28, 2025
    Somali Foreign Minister Welcomes Djiboutian Counterpart to Mogadishu
    August 28, 2025
  • World News
    World NewsShow More
    Hamas accepts an Arab ceasefire proposal on Gaza as Palestinian death toll passes 62,000
    August 19, 2025
    “Gunman Kills 3 in Texas; Explosion in Pennsylvania Leaves 2 Dead”
    August 12, 2025
    Somali-American Candidate Abdirizak Mohamed Ali Runs for Mayor of Hopkins, Minnesota
    August 8, 2025
    Israel kills aid worker in Gaza amid rising starvation deaths, US envoy meets with hostages’ families
    August 3, 2025
    Ghana Donates 40 Metric Tonnes of Cocoa to Palestine in Act of Solidarity
    August 2, 2025
  • Articles
    ArticlesShow More
    Somalia’s Political Leaders Forge a Path to Democracy
    August 25, 2025
    Ode to Yan’an: How a Song Inspired Chinese Youth During Wartime
    August 19, 2025
    Somalia’s Story Is More Than the Siege Narrative. It’s Time the World Reported It That Way
    August 13, 2025
    Somali and Allied Forces Deal Major Blow to Al-Shabaab in Coordinated Offensive
    August 6, 2025
    Somalia’s Financial War Against Al-Shabaab: Key Achievements and Strategic Milestones (2022–2025)
    August 4, 2025
  • Business
    BusinessShow More
    Somalia Unveils the Blueprint for a Modern and Sustainable Mogadishu
    December 21, 2024
    Djibouti Launches $57.4 Million Youth Entrepreneurship Project to Combat Climate Change
    November 25, 2024
    FM meets Minister of Investment of Saudi Arabia
    October 28, 2024
    President Hassan Sheikh Inaugurates New LPG Storage Center in Mogadishu
    May 12, 2024
    Collaboration of ICT transformation for digital Infrastructure
    October 24, 2023
  • Sports
    SportsShow More
    Mogadishu Stadium to Host Star-Studded Match Featuring Somali Legends and International Football Icons
    May 27, 2025
    Arsenal held at Brighton while Man City bounce-back continues
    January 5, 2025
    Galmudug wins the Inter-State Football Tournament
    January 29, 2024
    Somalia set for two int’l friendlies ahead of WC qualifier clashes against Algeria and Uganda
    October 10, 2023
    Chicago woman, 104, skydives from plane, aiming for record as the world’s oldest skydiver
    October 3, 2023
  • Tenders
    TendersShow More
Reading: Somalia’s Financial Renaissance: Ministry of Finance Confirms Positive Economic Trajectory
Share
Font ResizerAa
Somali National News AgencySomali National News Agency
  • SOMALI
  • ARABIC
Search
  • Home
  • Local News
  • World News
  • Articles
  • Business
  • Sports
  • Tenders
Follow US
©2023 || All rights reserved SONNA
Somali National News Agency > Blog > Local News > Somalia’s Financial Renaissance: Ministry of Finance Confirms Positive Economic Trajectory
Local News

Somalia’s Financial Renaissance: Ministry of Finance Confirms Positive Economic Trajectory

By Abdiqani Abdullahi
Last updated: May 10, 2024
2 Min Read
Share

Mogadishu, Somalia – In a recent statement during the national media week, Suleiman Sheikh Omar, the Director General of the Ministry of Finance, highlighted the significant strides Somalia has made in its economic recovery. The government’s dedication to enhancing the economy and providing essential services to the community, particularly in financial infrastructure, has been a driving force behind this progress.

Under the guidance of the Ministry of Finance, pivotal economic legislation has been enacted, laying the groundwork for improved financial management across various sectors, including revenue collection, sales, contracts, land resources, and fisheries. These reforms are seen as key contributors to the nation’s burgeoning financial stability.

Expressing gratitude towards the international community, Director General Omar acknowledged the vital support from foreign governments and organizations that have played a role in Somalia’s resurgence. This collaborative effort has been instrumental in re-establishing Somalia’s presence on the global stage.

The tangible results of these initiatives are evident in the country’s economic growth. “We have undertaken significant work in the finance sector, and the positive impact of these efforts is reflected in the nation’s economic expansion,” stated Omar.

As Somalia continues on its path of economic reform, the commitment of its government and the support of the international community signal a hopeful future for the nation’s prosperity.

Share This Article
Facebook Whatsapp Whatsapp Email Copy Link Print

MORE NEWS

Ode to Yan’an: How a Song Inspired Chinese Youth During Wartime

ArticlesCulture
August 19, 2025

Kenya’s small farmers find respite in avocados amid changing climate

NAIROBI(SONNA) As crop diseases and pests rise in Kenya amid a rapidly changing climate that…

March 11, 2023

Minister of Ports and Maritime Transport Oversees Leadership Transition at Mogadishu Port

Mogadishu, Somalia – Minister of Ports and Maritime Transport, Abdulkadir Mohamed Nur, officially presided over…

August 29, 2025

Nimcaan Hilaac appointed to lead Waberi National Band

Mogadishu (SONNA)-Minister of Information, Culture and Tourism of the Federal Republic of Somalia, H.E. Mohamed…

March 3, 2020

YOU MAY ALSO LIKE

Gov’t soldier executed for the killing of innocent civilian in Beled-Hawo town

Mogadishu(SONNA)-Court of Somalia's Armed Forces on Tuesday executed Government soldier after finding him guilt of the killing innocent civilian in…

Local News
January 11, 2022

FM meets Minister of Investment of Saudi Arabia

Mogadishu(SONNA):-FM Ambassador Ahmed Moalim Fiqi met with His Highness Eng. Khalid bin Abdulaziz Al-Falih, Minister of Investment of the Kingdom…

BusinessLocal NewsPolitics
October 28, 2024

President Hassan meets his Kenyan counterpart in Kigali

Kigali, (SONNA) - The President of the Federal Republic of Somalia, H.E Hassan Sheikh Mohamud held a meeting with his…

Local News
August 12, 2024

Chairman of National Disaster Management meets officials from the WB

Mogadishu, (SONNA) - The Chairman of the National Disaster management Agency, Mohamed Moalim met with officials from the World Bank…

Local News
January 28, 2023

Somali National News Agency established in 1964. It is one of the main pillars of the Ministry of Information, Culture, and Tourism.

  • Home
  • Local News
  • World News
  • Articles
  • Business
  • Sports
  • Tenders
  • SNTV
  • RADIO MOGADISHU
  • DALKA JOURNAL
  • TOURISM DEPARTMENT

Follow US: 

  • MoICT
  • VILLA SOMALIA
  • OPM SOMALIA

All rights reserved SONNA

©2023

Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?