Financial deals herald Somalia’s epic rise from the ashes of war

Newly elected President of Somalia Mohamed Abdullahi Farmajo gestures as he makes an address on February 8, 2017 in Mogadishu after he was elected president. PHOTO | MUSTAFA HAJI ABDINUR | AFP

What you need to know:

  • Reforms are paying off. In the first quarter of 2018, the government raised $42.5 million domestically, the highest ever in a single quarter.
  • The World Bank has projected that Somalia’s economy will grow at an average of between 3.5 and 4.5 percent annually in 2019-2022.

Somalia’s economy and society are rising, like the proverbial Sphinx, from the ashes of civil war.


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