FTL Somalia

Somalia’s Revenue Collections Grow by 25%

Somalia’s revenue collections have grown by as much as 25 percent this year.

An announcement by the Ministry of Finance shows that the country’s revenue have been on an upward trajectory this year.

The ministry’s Revenue Directorate confirmed this development on Tuesday.

In its announcement, the directorate added that the revenues collected thus far stand at $329.5 million compared to the $283 million of 2023.