Somali National News Agency
So
Ar
Search
  • Home
  • Local News
    Local NewsShow More
    Somali Environment Minister Champions Inclusive Climate Action at COP30 in Belém
    November 20, 2025
    Somalia Concludes 7th National Judges Forum with Renewed Commitment to Judicial Reform
    November 20, 2025
    IGAD Youth Unveil Strategic Framework for Peace: A Unified Call for a Special Envoy to Sudan and Regional Resilience
    November 20, 2025
    Cabinet Approves Landmark Bill to Ban FGM and Ratifies Rwanda Cooperation Deal Amid Drought Response
    November 20, 2025
    Emotional Homecomings as Somali Government Repatriates 152 Citizens Stranded in Libya
    November 20, 2025
  • World News
    World NewsShow More
    Dozens killed in DR Congo after bridge collapses at copper, cobalt mine
    November 17, 2025
    Four killed after two boats carrying migrants capsize off Libya’s coast
    November 16, 2025
    A car fleeing police slams into a bar in Florida, killing 4 and injuring 11
    November 9, 2025
    Powerful tornado wrecks Brazil town, killing six and injuring hundreds
    November 9, 2025
    Islamic Chamber of Commerce Unveils 2030 Strategy to Advance Halal Economy, Attract Sustainable Investment
    November 5, 2025
  • Articles
    ArticlesShow More
    Hormuud University, Somalia: Fifteen Years of Excellence
    November 14, 2025
    Somali Women Answer the Call to Nationhood, Cementing Peace and Defeating Extremism
    November 11, 2025
    Somali–Algerian Relations: Towards a Renewed Partnership in Security, Development, and Education
    November 11, 2025
    Hajj Minister Meets with over 100 Officials from Islamic Countries, Urges Contract Completion Before Rajab 15, 1447 AH
    November 11, 2025
    Fifth Hajj Conference and Exhibition Opens in Jeddah under Royal Patronage
    November 11, 2025
  • Business
    BusinessShow More
    America’s Tariff Weaponization: An Economic Analysis of 500% Tariffs and the Inevitable Bipolar Bifurcation
    October 19, 2025
    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
  • Sports
    SportsShow More
    Somali Ambassador to Kenya Congratulates Dekadaha FC on Historic CAF Confederation Cup Victory
    September 28, 2025
    Somalia’s Dekadaha FC faces Sudan’s Alzamala Sports Club in Nairobi
    September 20, 2025
    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
  • 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

Somali Environment Minister Champions Inclusive Climate Action at COP30 in Belém

BELÉM, Brazil – The Ministry of Environment and Climate Change of the Federal Government of…

November 20, 2025

Nasra Bashir Ali: Women can do like men, just try as I do

Mogadishu{SONNA}-:The prominent Somali journalist Nasra Bashir Ali, urged girls to depend on their selves and…

May 31, 2020

Weekly News Buletin Ministry of information, Culture and Tourism 1 August 2019

Weekly News Buletin Ministry of information, Culture and Tourism 1 August 2019 Bulletin Vol 10

September 2, 2019

YOU MAY ALSO LIKE

Chief Justice presides over annual meeting of Judicial training institute

Mogadishu, (SONNA) - The Chief Justice of the Supreme Court, Hon. Baashe Yusuf Ahmed, alongside the Attorney General, Dr. Suleiman…

Local News
January 19, 2025

Minister of Transport meets a delegation from UNOPS in Mogadishu

Mogadishu, (SONNA) — The Minister of Transport and Civil Aviation of the Federal Government of Somalia, H.E Mohamed Farah Nuh…

Local News
May 27, 2025

Minister of Labor meets officials from the WFP

Mogadishu, (SONNA) - The Minister of Labor ans Social Affairs of the Federal Government of Somalia, H.E Mohamed Elmi had…

Local News
March 26, 2024

Somalia’s Ministry of Planning Hosts Meeting on National Transformation Plan

Mogadishu, Somalia (SONNA) – The Ministry of Planning, Investment, and Economic Development of the Federal Government of Somalia convened a…

Local News
October 8, 2024

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?