Welcome to Faculty of Economics – SIMAD University
At SIMAD University’s Faculty of Economics, we empower future leaders in Economics, Statistics, International Trade, and Biostatistics. Established in 2011, our programs emphasize analytical, quantitative, and research skills, preparing students for global challenges and sustainable economic development.
Faculty of Economics
At SIMAD University’s Faculty of Economics, we are committed to fostering academic excellence and producing professionals ready to address global economic challenges. Established in 2011, the faculty provides a comprehensive curriculum in Economics, Statistics, International Trade, and Biostatistics. Our programs equip students with the knowledge and skills needed to navigate both local and international economic landscapes.
Our programs integrate modern teaching, clinical practice, and real-world problem-solving to prepare graduates who can lead, innovate, and make a lasting impact on health outcomes locally and globally.
Mission & Vision
At SIMAD University’s Faculty of Economics, we equip students with the skills and knowledge to lead in Economics, Statistics, International Trade, and Biostatistics. We deliver high-quality education that combines academic rigor with real-world application, empowering students to drive Somalia’s economic growth and contribute globally. Our vision is to foster innovation, research, and ethical leadership, producing graduates who address global economic challenges with integrity and vision.
01
Vision
To become a leading center of academic and professional excellence in economics and statistics, fostering innovation, ethical leadership, and sustainable development in Somalia and beyond.
02
Mission
Aligned with SIMAD University’s EIP (Excellence, Integrity, and Professionalism) values, the Faculty of Economics is committed to:
- Delivering high-quality education that combines theoretical rigor with practical application.
- Advancing cutting-edge research through the SIMAD Institute for Statistics and Economic Studies (SES) to inform policy and economic decision-making.
- Cultivating ethical and professional leaders who contribute to socioeconomic progress with integrity.
- Strengthening global partnerships to enhance academic exchange and research collaboration.
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Core Values
The Faculty of Economics at SIMAD University upholds core values of excellence, collaboration, ethics, and continuous learning. We offer high-quality programs in Economics, Statistics, International Trade, and Biostatistics, combining theory with real-world application. Our faculty fosters global partnerships, ethical leadership, and lifelong learning, empowering students to contribute to Somalia’s socioeconomic development.
Our Departments
Faculty Departments
Top Ten students in the Faculty of Economics
01
BSP12
2025
Yasmin
02
BSP10
2025
Anisa
03
BSP11
2025
Juweeria
04
BSP11
2025
Hajara
05
BSP10
2025
Abdinasir
06
BSP12
2025
Muna
07
BECO15
2025
Hinda
08
BSP13
2025
Naima
09
BSP11
2025
Eyni
10
BSP10
2025
Abdimalik
Why Choose Us
Hear from Our Students
New & Events
The Faculty of Economics is immensely proud to announce and congratulate our recent graduate, Abdiaziz Mohamed Abdirahman (Class of 2025),
The Faculty of Economics at SIMAD University has signed a Memorandum of Understanding (MoU) with the Association of Certified Chartered
Hordhac Todobaadka Dhaqanka ee Jaamacadda SIMAD waxa uu ahaa dhacdo taariikhi ah oo ay Jaamacaddu u qabatay Ardadeeda si ay
FAQ
FREQUENTLY ASKED QUESTIONS
Below, you will find the most asked questions related to FECO.
At the Faculty of Economics, we offer a diverse range of programs, including:
Bachelor of Science in Economics
Bachelor of Science in Statistics
Bachelor of Arts in International Trade & Investment
Bachelor of Science in Biostatistics
The degree programs at the Faculty of Economics typically take 4 years to complete, with a mix of coursework, research, and practical training.
To apply for the Faculty of Economics, prospective students must:
Complete secondary school with a minimum of 50% average.
Submit the original secondary school certificate and copies.
Attend an admission interview and/or test.
Pay a non-refundable processing and ID card fee of USD $50.
Yes, we offer a wide range of opportunities for practical training and internships. These include industry partnerships, research opportunities, and hands-on experience that ensure students gain real-world skills.
We offer several scholarships and financial aid options, including:
Academic Merit Scholarships
Qardhul Hasan Loan Program
Low-Income Scholarships
Quran Scholarships
The Faculty of Economics supports student research through the SIMAD Institute for Statistics and Economic Studies (SES). We provide students with resources for research, including access to academic journals, data analysis tools, and faculty mentorship for producing high-quality research.
Local & International Partnerships
