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Mogadishu Faces Higher Prices and Revenue Pressure as Shipping Disruptions Hit Imports
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Mogadishu Faces Higher Prices and Revenue Pressure as Shipping Disruptions Hit Imports
Mogadishu (WDN) — Security tensions around the Bab al-Mandab Strait and Strait of Hormuz are disrupting Somalia’s traditional shipping routes, forcing importers to seek alternatives and raising concerns over higher prices, shortages of essential goods and declining government tax revenues. Somali businesses typically import goods from Asia through Gulf hubs including the United Arab Emirates, Oman and Saudi Arabia. But growing insecurity along k…
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