Somalia’s First International Investment Conference & History of FDI

29.11.2022: Mogadishu, Somalia For decades, Somalia has been facing political and security challenges including a lack of government, terrorism and clan violence which has consistently steered foreign investment away from the country for decades. If we go back to the early 1990s, the country‚Äôs contracts with major oil companies were put on hold due to... Continue Reading →

Villa Somalia approves previously nullified deal with a US Oil Company

21.10.2022: Mogadishu, Somalia President Hassan Sheikh Mohamud has given a green light for an American upstream oil and gas exploration and production company known as Coastline Exploration Ltd to move ahead with its plans in Somalia following nullification by the previous administration. The President approved a seven production-sharing agreements (PSAs) in exchange for an initial... Continue Reading →

Somalia & the issue of Petroleum

20.9.2022: Mogadishu, Somalia Over the last decade, there has been an exponential boom in the exploration of hydrocarbon resources in the East Africa region which has been categorised as the new frontier of oil and gas exploration in the globe - especially as the globe looks for alternative sources of energy away from Russia and... Continue Reading →

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