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Somalia’s Customs Revenue Falls 40% as Strait of Hormuz Disruptions Deepen Economic Strain – Axadle

Somalia’s Customs Revenue Drops 40% as Hormuz Disruptions Drive Up Import Costs MOGADISHU, Somalia — Disruptions in the Strait of Hormuz have cut Somalia’s customs-based domestic revenue by about 40%, adding pressure to an economy heavily dependent on imports from the Middle East, term-ended President Hassan Sheikh Mohamud told the United Nations General Assembly. Mohamud […]
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Axadle | Wararka Africa broke the news on Monday, September 28, 2026.
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