News

Somalia Strengthens Peace, Trade Bonds with Egypt

Somalia Strengthens Peace, Trade Bonds with Egypt
Tuesday, 08 July 2025 14:44
  • Somali President Hassan Cheikh Mohamoud visited Egypt to boost cooperation in political, economic, security, and military sectors.
  • Discussions focused on regional security challenges in the Horn of Africa and the Red Sea.
  • Bilateral trade more than doubled in 2024, reaching $127.73 million.

Somali President Hassan Cheikh Mohamoud paid a working visit to Egypt on July 7, 2025, where he was received by Egyptian President Abdel Fattah Al-Sissi. The two leaders agreed to deepen cooperation in political, economic, security, and military areas.

According to a statement from the Egyptian presidency, the talks centered on enhancing their strategic partnership, with a strong focus on regional security, particularly in the Horn of Africa and the Red Sea.

President Al-Sissi emphasized that both countries recognized the urgent need to maintain their current momentum and implement concrete actions to strengthen cooperation in key areas of mutual interest, including political, economic, security, and military fields.

The two leaders also reviewed Egypt’s military and police involvement in the African Union Mission for Support and Stabilization in Somalia (AUSSOM), which supports Somalia’s efforts to maintain peace and stability.

This visit builds on a previous milestone from January 2025, when Egypt and Somalia elevated their partnership to a strategic level. That agreement aimed to strengthen collaboration in security, stability, and sustainable economic development.

Economic relations have followed the same upward trend. According to the International Trade Centre, trade between Egypt and Somalia reached $127.73 million in 2024, up from $58.13 million in 2023. Major exchanged products include live animals, starches and starch products, and plant extracts.

 Lydie Mobio

On the same topic
Somali President Hassan Cheikh Mohamoud visited Egypt to boost cooperation in political, economic, security, and military sectors. Discussions...
• China approved soybean meal imports from Ethiopia on July 3, 2025.• Ethiopia exported 29,408 tonnes of soybeans to China in 2024, earning $18...
• Nigeria launches VetWiz 2.0, an AI-driven app for livestock diagnostics.• Animal diseases cost Nigeria over $7 billion annually.• The tool...
(EBID) - The Board of Directors of the ECOWAS Bank for Investment and Development (EBID) has approved a USD 120 million financing facility for Engineers &...
Most Read
01

• Global coffee consumption projected to hit a record 169.4 million 60-kg bags in 2025/2026, up from...

Coffee: Global Consumption Expected to Reach Record Level in 2025/2026
02

• Algeria grants commercial 5G licenses to top three telecom operators: Mobilis, Djezzy, and Ooredoo...

Algeria Awards Commercial 5G Licenses
03

• Investors seem to keep focusing on yields, which are high for the moment• New Leadership might see...

Afreximbank Bonds Retain Market Confidence Despite Moody’s Downgrade
04

• Kenyan President William Ruto signs strategic partnership with UK Prime Minister Keir Starmer to b...

William Ruto in London: New Agreement Aims to Double Kenya-UK Trade by 2030
05

• IFC teams up with AfDB and Nigeria’s EbonyLife to assess a new fund for African cinema• Sector cou...

IFC Plans Investment Fund to Help Grow African Film Industry
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72
Média kit : Download

EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.