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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, […]