- SIMAD University | The Fountain of Knowledge and Wisdom
At SIMAD University’s Faculty of Economics, we empower future leaders in Economics, Statistics, International Trade and Investment, and Biostatistics. Established in 2011, our programs emphasize analytical, quantitative, and research skills, preparing students for global challenges and sustainable economic development.
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 and Planning, International Trade and Investment, 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, economic models practice, and real-world problem-solving to prepare graduates who can lead, innovate, and make a lasting impact on Economic outcomes locally and globally.
At SIMAD University’s Faculty of Economics, we equip students with the skills and knowledge to lead in Economics, Statistics and Planning, International Trade and Investment, 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.
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.
Aligned with SIMAD University’s EIP (Excellence, Integrity, and Professionalism) values, the Faculty of Economics is committed to:
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 and Planning, International Trade and Investment, 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.
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
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.
