Saad Ali Shire (PhD) was appointed as Minister of Foreign Affairs and International Cooperation of Somaliland in October 2015. Prior to his appointment he was the Minister of National Planning and Development for five years from 2012 to 2015.
After forming a tripartite port development agreement with the United Arab Emirates (UAE) and Ethiopia, the Government of Somaliland, which is yearning to gain an international recognition, has made arrangements to commence the construction of new port facilities at the Port of Berbera.
The once famously quoted and the much talked about Agricultural Development Led Industrialization (ADLI) strategy the Government of Ethiopia introduced to drive the economic development of the country now remains in shadows and a former UN expert urged the strategy to be reintroduced and practiced for the benefit of smallholder farmers.
Stretching on a 26,000 sq. m. factory shade at the Eastern Industry Zone, the Chinese DI YUAN Ceramics PLC has started to ship flooring and wall tiles to Somaliland and Djibouti this week, making good on its promise to target neighboring markets in the regions.
After shunning repeated call from the International Monetary Fund (IMF) and the World Bank Group (WBG) to limit commercial borrowing, and feeling the pressure of the accumulated external debt of Ethiopia, the Ministry of Finance and Economic Cooperation (MoFEC) has decided to strictly avoid non-concessional loans from foreign creditors for an unspecified period of time, The Reporter has learnt.
The Ministry of Water, Irrigation and Electricity (MoWIE) has inked an agreement with the Ethiopian Construction Design & Supervision Works Corporation to conduct a pre-feasibility and feasibility studies for the construction of a 150 Megawatt (MW) Wabi Hydroelectric power project in the Southern Regional State.