Suspected arms dealers moved millions in Somali money transfers

Somali money transfer companies moved more than $3.7 million in cash between suspected weapons traffickers in recent years, including to a Yemeni...
Friday, September 18, 2020

Somalia president warns against breach of sovereignty

- Advertisement -

Somali President Mohamed Abdullahi Farmajo on Saturday urged foreign countries and investors to follow legal procedures for investment in his country, in an apparent response to a dispute over a port deal in the breakaway region of Somaliland.

“I am warning companies and countries not to cross the line and put to question the sovereignty of Somalia,” he told the opening session of parliament.

“Somalia is open for business and international partnerships, but those who want to invest here must get the approval of the respective state institutions,” he said.

- Advertisement -

Farmajo said any trade agreements must be made within the dictates of the law, warning against infringing on the country’s sovereignty and unity.

His remarks come amid what is escalating into a diplomatic tiff between Somalia and the United Arab Emirates (UAE) over the March 1 deal.

In the agreement, UAE-controlled DP World and Somaliland announced they would cede part ownership of the port management to allow landlocked Ethiopia to get a 19 percent holding.

Somaliland parliament approved the Berbera Port concession in August 2016, granting DP World 65 percent stake in the 30-year concession.

- Advertisement -

Mogadishu has rejected the deal and declared it null and void.

Farmajo did not mention the issue of Berbera but his comments, coming one day after the Arab League called for respect of territorial integrity, added voice to his government’s concerns over the concession.

Somalia submitted a petition to the Arab League on Friday seeking intervention over the port issue.

Somaliland has maintained it will proceed with the concession despite objections from Mogadishu.

- Advertisement -
- Advertisement -

Stay Connected

147,224FansLike
1,872FollowersFollow
786FollowersFollow
18FollowersFollow
5,621FollowersFollow
2,902SubscribersSubscribe

SOMALI NEWS

Suspected arms dealers moved millions in Somali money transfers

Somali money transfer companies moved more than $3.7 million in cash between suspected weapons traffickers in recent years, including to a Yemeni...
- Advertisement -

The rape and murder that shook Mogadishu

There are many violent incidents in Mogadishu that often go unnoticed. But when Hamdi Mohamed Farah was tossed over a six-storey building...

Somalia election: Old rivals unite to fight Farmaajo

In Somalia’s political scene, the revolving door is brutal and not even presidents can be safe.

Security Council extends mandate of UN mission in Somalia

The Security Council on Friday adopted a resolution to renew the mandate of the UN Assistance Mission in Somalia (UNSOM) for another...

Somalia sets tough terms for end of Kenya miraa ban

The Somali government has given Kenya five conditions ahead of lifting the blockade of miraa imports.

MORE NEWS

Suspected arms dealers moved millions in Somali money transfers

Somali money transfer companies moved more than $3.7 million in cash between suspected weapons traffickers in recent years, including to a Yemeni...

The rape and murder that shook Mogadishu

There are many violent incidents in Mogadishu that often go unnoticed. But when Hamdi Mohamed Farah was tossed over a six-storey building...

Ethiopia Unveils New Currency Notes to tackle hoarding and illegal trade

Ethiopia has introduced new bank notes to shore up the country's struggling economy and slow the hoarding of currency and illegal trade activities. 

Somalia election: Old rivals unite to fight Farmaajo

In Somalia’s political scene, the revolving door is brutal and not even presidents can be safe.

Security Council extends mandate of UN mission in Somalia

The Security Council on Friday adopted a resolution to renew the mandate of the UN Assistance Mission in Somalia (UNSOM) for another...

Somalia sets tough terms for end of Kenya miraa ban

The Somali government has given Kenya five conditions ahead of lifting the blockade of miraa imports.

Turkey delivers 12 off-road vehicles to Somali 3rd (Eagle) Infantry Battalion

Vehicles sent by National Defense Ministry as part of military and financial cooperation agreementsTurkey has delivered 12...

Somalia jails 4 senior Health Ministry officials over corruption

A regional court in Somali capital Mogadishu on Monday sentenced four senior Health Ministry officials for up to 18 years in prison...

Iman Elman: ‘I feel like I can do just as much if not more than any of the men’

When Iman Elman decided to enlist in the Somali National Army in 2011, the officer distributing uniforms gave her one shirt and two...

Why a Somali-born fighter is being honoured in Rome

In the series of letters from African journalists, Ismail Einashe looks at how some Italians are revaluating their...

FEATURED POSTS

The rape and murder that shook Mogadishu

There are many violent incidents in Mogadishu that often go unnoticed. But when Hamdi Mohamed Farah was tossed over a six-storey building...

Somalia election: Old rivals unite to fight Farmaajo

In Somalia’s political scene, the revolving door is brutal and not even presidents can be safe.

Iman Elman: ‘I feel like I can do just as much if not more than any of the men’

When Iman Elman decided to enlist in the Somali National Army in 2011, the officer distributing uniforms gave her one shirt and two...

Why a Somali-born fighter is being honoured in Rome

In the series of letters from African journalists, Ismail Einashe looks at how some Italians are revaluating their...