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🇸🇴 Somalia: market & economy news today

The latest market, economy, central-bank, policy and company stories from Somalia, updated every 15 minutes. Last updated 19 October 2026.

Somalia investor snapshot

GDP growth (2025)3.0%Moderate growth.
Unemployment (2025)18.9%High: many people can’t find work.
GDP per person (2025)$661Average output per person: a rough measure of how wealthy a country is.
Exports (2025)29.2% of GDPAn open, trading economy.

Latest official annual figures from World Bank Open Data (CC BY 4.0). Context, not a forecast or financial advice.

Latest stories

Policy & Geopolitics

Somali civil society coalition urges election dialogue, criticizes 2027 timetable

Mogadishu (HOL) — A coalition of Somali civil society organizations urged the federal government and opposition leaders to immediately resume negotiations over the country’s elections to avoid political disputes and deepen instability.

Source: Hiiraan Online
Policy & Geopolitics

New Galmudug parliament sworn in ahead of leadership elections

Dhusamareb (HOL) — Newly elected members of Galmudug State’s Parliament were sworn in Friday in Dhusamareb town ahead of elections for parliamentary and regional leadership.

Source: Hiiraan Online
Policy & Geopolitics

A group of lawmakers urge Somali opposition to establish alternative election schedule

Mogadishu (HOL) — A group of Somali federal lawmakers calling themselves the Independent Federal Parliament has urged the Somali Future Council and other opposition groups to convene an emergency meeting to establish an alternative election timetable and appoint a committee to oversee the process.

Source: Hiiraan Online
Policy & Geopolitics

Somalia: Somalia Sets Date for May Presidential Election Amid Ongoing Islamist Insurgency

[RFI] Somalia's election commission has announced it will hold parliamentary and presidential polls in April and May next year, but critics say the decision will lead to more conflict in a deeply fragmented country facing a long-running Islamist insurgency.

Source: AllAfrica
Policy & Geopolitics

Somalia: Somalia's Govt Welcomes Election Timetable and Urges Political Dialogue

[Shabelle] Mogadishu -- Somalia's federal government on Thursday welcomed an election timetable announced by the Independent National Electoral and Boundaries Commission, covering elections for both houses of parliament and the president.

Source: AllAfrica
Policy & Geopolitics

Former Somali President files supreme court petition against constitutional changes

Mogadishu (HOL) — Former Somali President Sharif Sheikh Ahmed has filed a petition with the Supreme Court seeking to overturn amendments to Somalia’s provisional Constitution, rejecting the newly announced 2027 election timetable and warning that the dispute could lead to parallel elections and civil conflict.

Source: Hiiraan Online
Policy & Geopolitics

Somali opposition MP warns Somalia’s election timetable risks political conflict

Mogadishu (HOL) — Somali opposition lawmaker Abdirahman Abdishakur Warsame has rejected the electoral commission’s newly announced timetable for the 2027 parliamentary and presidential elections, warning that proceeding without a broad political agreement could deepen divisions and trigger renewed conflict.

Source: Hiiraan Online
Policy & Geopolitics

Somalia says it will hold elections in 2027

Somalia’s election commission has announced that parliamentary and presidential elections will be held in the country next year.

Source: Hiiraan Online
Policy & Geopolitics

Somalia sets presidential election for May despite insecurity

The government has called for all parties to engage with the process "in good faith" and peacefully.

Source: The Japan Times
Policy & Geopolitics

Somalia says it will hold elections in 2027

Critics say unilateral decision to call polls is a recipe for more conflict.

Source: Al Jazeera English
Policy & Geopolitics

Somalia: Somalia Sets Parliamentary and Presidential Election Dates for 2027

[Shabelle] Mogadishu -- Somalia's National Independent Electoral and Boundaries Commission has announced a timetable for federal parliamentary and presidential elections in 2027, setting the parliamentary vote for April 15 and the presidential election for May 15.

Source: AllAfrica
Policy & Geopolitics

Former Somali President Farmaajo rejects electoral commission’s 2027 election schedule

Mogadishu (HOL) — Former Somali President Mohamed Abdullahi Farmaajo on Thursday rejected the federal electoral commission’s newly announced timetable for 2027 parliamentary and presidential elections, warning that proceeding without a broader political agreement could deepen divisions and produce competing electoral…

Source: Hiiraan Online
Policy & Geopolitics

Former Somali President rejects electoral commission’s 2027 election schedule

Mogadishu (HOL) — Former Somali President Mohamed Abdullahi Farmaajo on Thursday rejected the federal electoral commission’s newly announced timetable for 2027 parliamentary and presidential elections, warning that proceeding without a broader political agreement could deepen divisions and produce competing electoral…

Source: Hiiraan Online
Policy & Geopolitics

Somali electoral commission announces 2027 election timetable amid political dispute

Mogadishu (HOL) — Somalia’s National Independent Electoral and Boundaries Commission (NIEBC) on Thursday announced that elections for both houses of the Federal Parliament will be held on April 15, 2027, followed by a presidential election on May 15, despite an unresolved political dispute between the federal…

Source: Hiiraan Online
Policy & Geopolitics

Somalia announces parliamentary and presidential elections for 2027

Mogadishu (HOL) — Somalia’s National Independent Electoral and Boundaries Commission (NIEBC) on Thursday announced that elections for both houses of the Federal Parliament will be held on April 15, 2027, followed by a presidential election on May 15, despite an unresolved political dispute between the federal…

Source: Hiiraan Online
Policy & Geopolitics

Somalia anuncia elecciones presidenciales para el 15 de mayo de 2027

Source: ABC Color
Policy & Geopolitics

Somali electoral commission announces Galmudug leadership election timetable

Dhusamareb (HOL) — Somalia’s National Independent Electoral and Boundaries Commission (NIEBC) on Wednesday announced the schedule for Galmudug’s parliamentary and regional leadership elections, with the process set to run from Oct. 16 to Oct. 22, 2026.

Source: Hiiraan Online
Policy & Geopolitics

Somali electoral commission announces Galmudug election winners after supreme court approval

Dhusamareb (HOL) — Somali electoral commission formally announced the winners of Galmudug State’s parliamentary election Tuesday after the Supreme Court approved results from a Sept. 30 rerun elections.

Source: Hiiraan Online
Policy & Geopolitics

Galmudug State election winners announced after supreme court certifies rerun results

Dhusamareb (HOL) — Somali electoral commission formally announced the winners of Galmudug State’s parliamentary election Tuesday after the Supreme Court approved results from a Sept. 30 rerun elections.

Source: Hiiraan Online
Policy & Geopolitics

Somalia: Somalia Sanctions 10 Individuals Over Alleged Al-Shabaab Financing

[Shabelle] Mogadishu -- Somalia has added 10 individuals to its national financial sanctions list over alleged involvement in financing and supporting Al-Shabaab, the country's National Anti-Money Laundering and Countering the Financing of Terrorism Committee said Tuesday.

Source: AllAfrica
Policy & Geopolitics

Federal government sanctions former South West leader, 9 others over alleged al-Shabab financial links

Mogadishu (HOL) — Somali federal government imposed financial sanctions Tuesday on former South West State President Abdiaziz Hassan Mohamed Laftagareen and nine others over suspected links to al-Shabab, ordering banks and other financial institutions to freeze their assets and halt transactions involving them.

Source: Hiiraan Online
Economy

Somalia: Somalia, Algeria Discuss Strengthening Trade and Economic Ties

[Shabelle] Mogadishu -- Somalia's ambassador to Algeria, Yusuf Ahmed Hassan, has met Algeria's minister of foreign trade and export promotion, Kamel Rezig, to discuss ways to strengthen trade relations and economic cooperation between the two countries.

Source: AllAfrica
Companies

Undersecretary of Ministry of Industry & Minerals discusses industrial, commercial, & investment partnerships in Somalia

The Undersecretary of the Tripoli based Ministry of Industry and Minerals, Mustafa Al-Samou, led a Libyan delegation on an official visit to the Somal...

Source: Libya Herald
Policy & Geopolitics

WATCH: Humanitarians in Somalia forced to do more with less as aid budget is slashed

The risk of famine is looming over Somalia's most vulnerable, in a climate of disappearing aid and limited support. Sky's Yousra Elbagir reports from the hospitals where children are treated for malnutrition, and doctors have to choose who needs the most help.

Source: Hiiraan Online
Policy & Geopolitics

Labour sees off Green challenge to win Holborn by-election

Labour has won the Holborn and St Pancras by-election, seeing off a challenge from Green Party leader Zack Polanski.

Source: Hiiraan Online
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