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Ethiopia Contemplates Redirecting Fuel Imports to Berbera, Potentially Marginalizing Djibouti

Ethiopia’s fuel stream shifts focus from Djibouti to Berbera amidst an escalating Horn of Africa power maneuverFILE - A bird’s-eye view of Berbera Port's fuel terminal (upper left) and its freshly-expanded container terminal (foreground), a crucial lynchpin for regional commerce in the Horn of Africa, including Ethiopia’s potential pivot of fuel imports from Djibouti. (Government of North Western State of Somalia)Mogadishu (AX) —  Ethiopia is mulling over rerouting its fuel imports from Djibouti to North Western State of…

DR Congo Pursues Compensation for Rwanda’s Involvement in the Conflict

The government of the Democratic Republic of Congo (DRC) has set its sights on obtaining reparations from Rwanda, blaming its neighbor for actions that allegedly infringed upon DRC's sovereignty and national integrity. This dispute has escalated, prompting the DRC to bring the matter before the East African Court of Justice. Their claims include serious allegations of aggression in eastern DRC—specifically, incidences of looting, sexual violence, and mass killings. However, before engaging in substantive legal discourse, the…

Egypt Pledges Support for Somalia’s Defense Amid Escalating Ethiopian Conflict

Mogadishu (AX) — President Abdel Fattah el-Sisi of Egypt has underscored Egypt's unwavering allegiance to Somalia, underlining the Arabic nation's critical function within the Arab League while affirming that no entity will be allowed to jeopardize its autonomy. El-Sisi's remarks arrive amid escalating military and political friction in the Horn of Africa, where Egypt's increased involvement is altering the regional landscape."We're not making hollow threats, but anyone endangering Somalia will face consequences," el-Sisi…

Kenyan Court Commands Somali Embassy to Fork Out $200,000 for Unsettled Renovation Expenses

The Somali Embassy found itself embroiled in a sticky legal tango over unpaid renovation dues. A Kenyan court recently mandated the disbursement of $201,942 to Kingsly Construction Limited from the embassy's accounts after a contractual hiccup back in 2016. NAIROBI, Kenya (AX) — A Kenyan court has directed Premier Bank to release KSh 26 million ($201,942) from the Somali Embassy's funds to Kingsly Construction Limited. This verdict marks the end of a three-year tussle over unpaid renovation bills for the embassy's Nairobi…

Somalia Insists Ethiopia Cancels Covert North Western State of Somalia Deal Prior to Negotiations

Mogadishu— Somalia’s Foreign Minister Ahmed Moallim Fiqi dismissed immediate negotiations with Ethiopia over their maritime squabble, blaming Ethiopia's steadfastness over its controversial deal with North Western State of Somalia. The heart of the conflict lies in an agreement struck in January 2024, where North Western State of Somalia granted Ethiopia a 50-year lease over 20 kilometers of coastline. This pact would provide landlocked Ethiopia with coveted sea access for commercial and naval use. In return, Ethiopia was…

Safaricom Secures $117 Million with Kenyan Sustainability-Linked Loan

Kenya's telecom titan, Safaricom (SCOM.NR), shared on Tuesday that it secured 15 billion shillings (around $116.73 million) from the second round of a sustainability-oriented loan procured from a coalition of local banks. This telecom heavyweight, partially owned by South Africa's Vodacom (VODJ.J) and Britain's Vodafone (VOD.L), initiated this green loan project last year, netting a comparable sum in its initial phase. The fresh funding will be funneled into various eco-friendly initiatives, notably transforming its…

Kenya Nears Agreement on $1.5 Billion Budget Support Loan from UAE – Insider

Kenya’s administration is on the cusp of securing a hefty $1.5 billion loan from the United Arab Emirates at an 8.2% interest rate, aiming to address the financial shortfall plaguing the East African nation, a source in the know told Reuters. "Kenya is broadening its budget support sources," noted the insider, hinting that "the deal is practically in the bag." The finance ministry and central bank of the UAE didn't immediately respond to requests for a statement. Kenya's Finance Minister John Mbadi and top ministry…

Ethiopian Troops Spearhead Bardhere Airport Overhaul Amid Escalating Regional Tensions

Mogadishu (AX) — Ethiopian troops, who are part of the African Union Transition Mission in Somalia (ATMIS), have taken the lead in renovating Bardhere Airport located in Somalia's Gedo region. This development has further strained the already tense relations between Ethiopia and Somalia. The 46th Motorized Battalion of the Ethiopian National Defense Force (ENDF) is executing this airport overhaul as part of a Quick Impact Project (QIP). The project involves extending the runway by 400 meters to boost safety and accommodate…

President Biden to Finally Embark on Anticipated Visit to Africa

The White House has recently disclosed that President Joe Biden is set to embark on a journey to Angola this October, fulfilling a commitment he made to African leaders during the U.S.-Africa summit in 2022. This highly anticipated visit, slated for October 13th to 15th, will provide a platform for dialogue between the U.S. President and Angolan President João Lourenço, focusing on mutual interests and objectives. "We'll be aiming to strengthen our economic partnerships," stated White House Press Secretary Karine…

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