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First reading of Reconstitution Draft of Somali Bank for Reconstruction and Development at house of Parliament was held on 11 October 2013.... (more…)...

The President of the Islamic Development Bank Group (IDB), Dr. Ahmad Mohamed Ali will participate in the G8 Deauville Partnership Investment Conference in London, on 16 September 2013. The Investment Conference is organized by the UK’s Foreign and Commonwealth Office in cooperation with IDB and the European Bank for Reconstruction and Development. The Deauville Partnership initiative was launched...

Donors have pledged 1.8bn euros ($2.4bn; £1.5bn) at a conference in Brussels to help Somalia end more than two decades of conflict.

The money is part of a "New Deal" for what is widely regarded as a failed state, officials said. Al-Qaeda-linked al-Shabab dismissed the meeting as "Belgian waffle". Al-Shabab is fighting to oust Somali President Hassan Sheikh Mohamud's...

A New Deal Conference is due to start today in Brussels for Somalia, co-hosted by the federal government of Somalia and the European Union. The one day long conference will take three sessions; one focusing on the new political order, one on rebuilding the social and economic foundations and one on the rule of law and security. EU...

The meeting took place at a crucial time for the Somali people as they embark on the path of reconciliation and reconstruction after years of conflict. The conference welcomed the political and security progress that has already been made, and commended the leadership demonstrated by the Federal Government working with other stakeholders in seeking to consolidate it,...