HomeTop NewsSomalia Faces 40% Drop in Imports and Rising Inflation, Cabinet Responds

Somalia Faces 40% Drop in Imports and Rising Inflation, Cabinet Responds

Date:

Related stories

Afrika oo Wajahaysa Caqabad Cusub oo Amni

Maalgelinta nabad ilaalinta oo hoos u dhacaysa ayaa Afrika ku qasbaysa inay dib u qaabayso hawlgallada amniga.

Burcad-badeedda Soomaaliya oo Dib u Soo Laabatay: Khatar Cusub

Burcad-badeedda Soomaaliya oo dib u soo laabatay, iyadoo khatar cusub ku ah maraakiibta gobolka.

As Justin Davis Leaves Mogadishu, Washington Is Asking a Different Question About Somalia

As Justin Davis concludes his tenure as Chargé d’Affaires...

Somalia’s federal cabinet today approved new security regulations and reviewed stark new data showing a 40% drop in imports and double-digit inflation in food and healthcare costs, following disruptions to shipping through the strategic Hormuz Strait. The weekly meeting, chaired by Prime Minister Hamza Abdi Barre in Mogadishu, highlights how global geopolitical tensions are now […]

- Advertisement -
- Advertisement -

Somalia’s federal cabinet today approved new security regulations and reviewed stark new data showing a 40% drop in imports and double-digit inflation in food and healthcare costs, following disruptions to shipping through the strategic Hormuz Strait.

The weekly meeting, chaired by Prime Minister Hamza Abdi Barre in Mogadishu, highlights how global geopolitical tensions are now directly hammering one of the world’s most fragile economies. With the Red Sea crisis choking supply routes, Somali households face sharply rising living costs just as the government struggles to stabilize security and public services.

- Advertisement -

The cabinet received a detailed briefing from the National Statistics Agency revealing that food prices have jumped 10%, while healthcare services surged 14% since the Hormuz disruption began. Other commodities saw even steeper increases. Officials noted that the 40% decline in incoming goods has created acute pressure on local markets.

In response, the government ordered all relevant ministries to take immediate, tailored measures to ease the burden on civilians. No specific interventions were announced, but the directive signals urgent policy action ahead.

“I commend the security and stability in much of the country, especially the capital,” Prime Minister Barre told the cabinet. “But I warn against any disruption to our peace. I call on all citizens to safeguard the calm we have built.”

Separately, the cabinet approved the Private Security Services Regulation and an Internal Audit Charter submitted by the Ministries of Internal Security and Planning. These are seen as steps to improve governance and oversight of non-state security actors.

- Advertisement -

The Energy and Water Resources Ministry also presented a risk assessment on flash floods and threats to water sources from seasonal river overflows. Meanwhile, the Ministry of Endowments and Religious Affairs reported that Hajj preparations are on track, with a dedicated terminal now operational at Aden Adde International Airport for pilgrims.

Mohamed Yussuf Ahmed (Saido)
Mohamed Yussuf Ahmed (Saido)
Title / Role: English Chief Editor Beat/Coverage: Politics and Sports Joined Dalsan: June 2025 Languages: Somali, English, Swahili Email: Mohamed Yussuf Ahmed (Saido) is the English Chief Editor at Dalsan Media Group, where he oversees digital and broadcast news production. He specializes in political reporting and sports journalism across the Horn of Africa. Before joining Dalsan, he founded and served as CEO of Saido TV, a digital media platform. PREVIOUS EXPERIENCE: Founder and CEO of Saido TV, a digital media platform. Diploma in Broadcast Journalism, Kenya Coast National Polytechnic.

Latest stories

The Somali girls stepping into the boxing ring – and challenging tradition. MOGADISHU, Somalia

In a small training hall in Mogadishu’s Waaberi district,...

Bruno Guimarães on the Verge of Completing Arsenal Move

Arsenal appear to be on the verge of signing...

Arsenal Intensify Pursuit of Vinícius Júnior with Arteta’s Major Promise

Arsenal are intensifying their pursuit of Vinícius Júnior, with Arteta promising he will be the centerpiece of the project.

Recent Posts