Mogadisho, Somalia– The Director of the United States Central Intelligence Agency (CIA), William Burns, recently visited Somalia, engaging in high-level discussions with key leaders. During his visit, Director Burns met with the President of Somalia, Dr. Hassan Sheikh Mohamud, and … Continued
Djibouti City, Djibouti: An International Monetary Fund (IMF) team, led by Joyce Wong, visited Djibouti on January 14-25. At the end of the mission, Ms. Wong made the following statement: “Djibouti’s concerted investments in logistics during the last decade have delivered … Continued
The Djibouti port facility has recently completed its expansion worth USD 70 million. The purpose of this expansion is to meet the growing demand in the region and enhance transshipment capabilities. As a result, Ethiopian customers will have the opportunity … Continued
Kenya is grappling with a host of economic challenges including a vast debt mountain, cost of living crisis and tumbling currency. The IMF said in a statement published on Wednesday that its executive board had approved the $941.2 million loan, … Continued
The shilling has officially crossed the 160 units points against the US dollar, the lowest level on record. On Monday, the Central Bank of Kenya (CBK) quoted the local currency trading at 160.23 units against the greenback, compared to 159.85 … Continued
(ERGO) – After 12 years working as a waiter in a restaurant, Abdirahman Bihi Osman, 38, decided to open his own business selling fresh fruit drinks in the central Somali town of Adado. Since last October, he has reached regular profits … Continued
By Fasika Tadesse and Mohamed Omar Ahmed Ethiopia has been landlocked since 1993, when Eritrea gained independence after a three-decade war, leaving it reliant on its neighbors’ ports. In 2023, Prime Minister Abiy Ahmed identified regaining ocean access as a strategic objective and warned that failure to … Continued
Premier lender African Development Bank (AfDB) on Wednesday announced that it was pulling out international staff from Ethiopia, after a “serious diplomatic incident” in which its employees were attacked by security officers. The Abidjan-headquartered lender said that existing Ethiopian staff … Continued
CAPE TOWN, (Reuters) – Shipping companies sailing around the Cape of Good Hope to avoid Houthi attacks on the Red Sea face tough choices over where to refuel and restock, as African ports struggle with red tape, congestion and poor … Continued
Some of the largest shipping companies in the world have been forced to reroute their vessels at considerable costs after Yemen’s Houthi group targeted ships headed towards Israeli ports in solidarity with Palestinians. The Iran-aligned group has demanded that Israel … Continued
Heads of the country’s nascent sovereign wealth fund are partnering with the Japanese Toppan Holdings Inc. in a bid to localize the printing of currency and passports. Sources disclosed the progress of the partnership was a topic during discussions between … Continued
The Federal Republic of Somalia is inching closer to joining the East African Community, as it moves to sign a Treaty of Accession with the bloc at State House, Entebbe, Uganda today. The Treaty of Accession will be signed … Continued
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