Uganda Supports Somalia’s Bid To Join the EAC
August 14th, 2022
Via The Ugandan Monitor, a report on Ugandan President Museveni pledge to support Somalia in its bid to join the East African Community (EAC) : President Museveni has pledged to support Somalia in its bid to join the East African Community (EAC) and exploit trade opportunities that exist in the region. Mr Museveni said Somalia […]
Read more »Somalia Banking: Turkish and Egyptian Banks Issued First Post-War Licenses
July 28th, 2022
Via the North Africa Post, an article on the first foreign banking licenses issued by Somalia in decades: Central Bank of Somalia (CBS) has recently granted its first two foreign banking licenses — to Turkey’s Ziraat Kat?l?m bank and Egypt’s Banque Misr — in decades as the country seeks to rebuild its financial sector and […]
Read more »Somalis Changed Face of Money Transfers Worldwide
April 11th, 2022
Via Quartz, an article on how Somalis changed the face of money transfers worldwide: Somalia’s money transfer market is one of the most developed in the world, characterized by a large diaspora sending billions of dollars home in remittances each year and a local population that prefers mobile money to cash. Latest data from the […]
Read more »Somali Leaders Reject ‘Illegal’ Oil Deal with US Company
February 20th, 2022
Via The Frontier Post, a report that Somali leaders have rejected a recently-signed oil deal: Somalia’s president and premier have declared null and void a deal signed by their energy minister with a US company to explore for oil and gas off the coast of the troubled Horn of Africa nation. Minister of Petroleum and […]
Read more »War-Ridden Somalia Starts Payments System as It Rebuilds Nation
August 10th, 2021
Via Bloomberg, an article on a national payment system recently set up in Somalia: Somalia has set up a national payments system as part of plans to develop the financial industry in one of the world’s most fragile states, following decades of political and economic instability. The 13 lenders in the Horn of Africa nation […]
Read more »Somaliland Opens New Berbera Port Terminal
July 1st, 2021
Via African Business, a report on the development of Somalialand’s Berbera port, which reduces landlocked Ethiopia’s reliance on the port of Djibouti for trade, and fuels optimism in the breakaway region of Somaliland: UAE port operator DP World and the government of Somaliland opened a new container terminal in the Berbera port on Thursday, signalling […]
Read more »Focusing primarily on The New Seven Sisters - the largely state owned petroleum companies from the emerging world that have become key players in the oil & gas industry as identified by Carola Hoyos, Chief Energy Correspondent for The Financial Times - but spanning other nascent opportunities around the globe that may hold potential in the years ahead, Wildcats & Black Sheep is a place for the adventurous to contemplate & evaluate the emerging markets of tomorrow.