Somali National News Agency
So
Ar
Search
  • Home
  • Local News
    Local NewsShow More
    World Environment Day 2025 Commemorated in Mogadishu
    June 5, 2025
    President Hassan Sheikh Mohamud Extends Historic Invitation for National Consultation
    June 5, 2025
    Mogadishu Hosts Second Day of Crucial Climate Change Conference
    June 5, 2025
    Millions Gather at Arafat for Hajj’s Crucial Day, Including Somali Pilgrims
    June 5, 2025
    Somalia Joins High-Level Regional Talks to Combat Cholera Outbreak
    June 5, 2025
  • World News
    World NewsShow More
    Machine Gun, AK-47 Rifles Recovered as 4 Al-Shabaab Terrorists are Killed in Garissa
    June 3, 2025
    Israel kills 2 Gaza aid seekers as UN warns of ‘catastrophic hunger’
    May 31, 2025
    A miraculous story of a Hujjaj from Libya
    May 27, 2025
    UNA Participates in International Conference on Islamophobia in Azerbaijan
    May 27, 2025
    At least 11 hurt in South Carolina beach town shooting
    May 26, 2025
  • Articles
    ArticlesShow More
    Wind power turbines line a mountain range in Ji’an, Jiangxi province, July 9, 2022.
    What China’s climate action means for the planet’s future?
    June 5, 2025
    A miraculous story of a Hujjaj from Libya
    May 27, 2025
    Nation First, Politics Later: PM Hamza Appeals to Youth Amid Growing Political Tensions
    May 24, 2025
    Chinese Foreign Minister Wang Yi is expected to be present at the signing ceremony in Hong Kong on May 30.
    China Leads Historic Effort to Establish International Mediation Body
    May 24, 2025
    From Yunnan to Somalia: A Path Out of Poverty
    May 13, 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
    Quay Renovation Works – Supply and Installation of Fenders and Bollards
    April 11, 2025
Reading: Djibouti sovereign wealth fund targets $1.5 billion over the next decade
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 > News > Djibouti sovereign wealth fund targets $1.5 billion over the next decade
NewsWorld News

Djibouti sovereign wealth fund targets $1.5 billion over the next decade

By admin
Last updated: June 27, 2020
1 Min Read
Share

Djibouti (SONNA): Djibouti’s government created a sovereign wealth fund, targeting contributions of $1.5 billion within a decade as part of the country’s “Vision 2035” economic strategy

The state-owned fund will target investments locally and neighboring countries in the Horn of Africa, according to a government statement published Thursday. It will focus on industries including telecommunications, technology, energy and logistics.

“The fund is not designed as a ‘venture capitalist’ whose ambition is to generate margins and revenues in the short term,” the government said. “The fund will act as a long-term investor and is required to reinvest the entire net profits of its activity.”

Djibouti, situated on one of the world’s busiest shipping lanes, has become increasingly important to regional and world powers.

 

 

 

Share This Article
Facebook Whatsapp Whatsapp Email Copy Link Print

MORE NEWS

Official Reopening of the Ministry of Foreign Affairs Archives

CultureEducationLocal News
November 23, 2024

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

World Environment Day 2025 Commemorated in Mogadishu

Mogadishu, (SONNA) — The Minister of Environment and Climate Change H.E. Lt. Gen. Bashir Mohamed…

June 5, 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

Qatar Welcomes Comprehensive Understanding Reached by Libyan Dialogue Delegations

Doha,(SONNA) - The State of Qatar has welcomed the comprehensive understandings reached by Libyan High Council of State and House…

NewsWorld News
October 8, 2020

Powerful earthquake kills at least 296 in Morocco, govt says

RABAT, (SONNA) - A powerful earthquake struck Morocco's High Atlas mountains late on Friday, killing at least 296 people, destroying…

World News
September 9, 2023

Hostages freed after stand-off at Texas synagogue

Four people who were held hostage at a synagogue in a suburb of Dallas, Texas, have been freed unharmed after…

World News
January 16, 2022

U.S. Africa Command forces conduct strike on al-Shabaab compound

Mogadishu (SONNA)-In coordination with the Federal Government of Somalia, U.S. Africa Command forces conducted one airstrike in the vicinity of…

NewsWorld News
January 19, 2021

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?