By Mohamed Abdi - Reporter
Somalia (Dawan), 10 August 2026 — Somalia’s Auditor General could not verify $42.2 million in government revenue collected in 2025 under a port management deal with Favori and Albayrak, citing missing financial reports, according to audit findings released Monday.
The report also flagged 66 administrative irregularities across 22 government institutions and 30 internationally funded projects audited last year.
“In 2025, the Federal Government of Somalia received total revenue of $42,235,735.14 from Favori and Albayrak under the revenue-sharing agreement. However, the accuracy of this revenue could not be fully verified, particularly due to the absence of a financial report from Albayrak audited by an independent auditor,” said Ahmed Issa, Auditor General of Somalia.
The audit found additional weaknesses in public administration and financial management.
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Nineteen employees were assigned to diplomatic positions without completing required training, while 14 diplomats were deployed abroad without fully meeting procedures and conditions.
The Auditor General also identified gaps in the government’s revenue systems, noting that seven government revenue systems have not yet been fully integrated with the Somali Financial Management Information System, or SFMIS.
The report warned that the lack of integration creates risks in the recording, monitoring and management of government revenues.
The Auditor General called on government institutions to strengthen transparency, accountability and compliance with the law, and to ensure that recommendations arising from audits are fully implemented.
The 2025 audits covered government institutions, internationally funded projects and the government’s financial management systems.