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CategoriesArticles Economics Somalia

Rising from the Shadows: Decoding the Economic Legacy of the French Colonial Pact and Charting Africa’s Sustainable Future

Introduction In light of the recent events unfolding between France and various African nations, there has been a heightened awareness and scrutiny of the long-standing implications of the French Colonial Pact on the economies of the African continent. Established initially on April 9, 1944, and subsequently activated on December 19, 1947, this pact has left […]

CategoriesArticles Economics Somalia

The BRICS Shift and Its Implications for Somalia’s Economic Landscape

Introduction The acronym “BRICS,” which stands for Brazil, Russia, India, China, and South Africa, denotes a group of emerging giants in the worldwide economic scene. This grouping, conceptualized by the insightful economist Jim O’Neill of Goldman Sachs, consists of countries that together account for about 20% of the global Gross Domestic Product (GDP). With time, […]

Beyond Natural Bounty: Why Resources Alone Don’t Ensure Prosperity – Insights from Somalia

Introduction Natural resources, often hailed as the jewels of a nation, symbolize intrinsic assets that are primarily derived from the bounties of the environment. They emerge with minimal human intervention, serving as a testament to the richness of our planet. These resources, which span the spectrum from minerals to oil reserves, profoundly influence the socio-economic […]