Author: Marketforces Africa

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Somalia: IMF estimates economic growth at 3% in 2019 The International Monetary Fund (IMF) says Somalia’s economy has continued to recover, with growth expected to strengthen to three per cent in 2019 from 2.8 per cent last year. IMF said on Tuesday the country’s inflation could ease to 3 per cent from 3.2 per cent over the same period. Somalia has been in turmoil since 1991, when clan-based warlords overthrew Siad Barre and then turned on each other. Over the past decade it has been hit by famine and sporadic terror attacks by al Qaeda-linked al Shabaab. “Somalia’s economy continues…

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