West Africa

In a world where diplomatic gestures often speak louder than words, the Intergovernmental Authority on Development (IGAD), on a sunny Friday, extended a warm welcome to the encouraging diplomatic re-engagement between two pivotal African nations: Ethiopia and Somalia. This fresh air of diplomacy follows a notable visit by Ethiopian Prime Minister Abiy Ahmed to Mogadishu on Thursday—a move laden with both expectation and promise. Inside the venerable halls of Somalia’s presidential palace, a meeting of paramount…

In an age where global interconnections and regional stability dictate the nuances of diplomacy, Ethiopia and Somalia have embarked on a renewed journey, strengthening their bonds through a series of high-level exchanges. This blossoming relationship, as articulated by Ambassador Nebiat Getachew, the Spokesperson for Ethiopia's Ministry of Foreign Affairs, symbolizes a focused dedication to nurturing more profound geopolitical ties. This morning, Ambassador Nebiat convened a press briefing to navigate the complex landscape…

Bridging Stability and Innovation In the dynamic intersection where traditional finance meets the cutting-edge realm of blockchain technology, there lies a pivotal initiative: the integration of stability and innovation. Navigating this modern landscape is not just about technology; it’s also about compliance, responsibility, and opportunity. Enter eNsc, a pioneering Naira-pegged stablecoin that marries the time-tested trust of conventional finance with the agile efficiency of blockchain, operating within Nigeria's…

Changing Dynamics in Nigeria's Oil Sector: A New Chapter Initiated by Dangote Refinery In a move that underscores his prominence in the African economic landscape, Aliko Dangote has once again adjusted the ex-depot price of premium motor spirit, commonly known as petrol. Earlier this week, the Dangote refinery implemented a second noteworthy price reduction for February, now lowering costs from N890 to N825 per litre. Just a few weeks back, on February 1, we witnessed a similar trend when prices dropped by N60 per…

Unraveling the Thread: The Economic Impact of Clothing Prices The Consumer Price Index (CPI) is an economic concept many of us hear about, but few truly grasp. It consists of various elements, with food, clothing, and housing being the most significant. However, there are other interesting items on this list—recreation, health, and education, to name a few. My friend once said, "It’s like trying to balance plates on a stick—you’ve got to keep an eye on each one." Have you ever noticed…

In the vast, ever-evolving landscape of African economies, a quiet resilience often dominates the narrative. While major players like South Africa and Nigeria have been grappling with economic challenges and currency depreciation, Ghana, with its fortitude, presents a compelling case study in banking resilience. As the world turns its gaze towards West Africa, Ghanaian banks stand firm, holding strong Tier 1 capital positions that inspire confidence and stability. Performance of…

In a pointed discussion during the recent G20 gathering in South Africa, a coalition of former African heads of state convened to spotlight an urgent crisis: the escalating debt burden on the continent. United under the African Leaders' Debt Initiative, these seasoned leaders articulated a clarion call for "intensified international cooperation." But what does this cooperation truly entail? It begs the question: can the global financial structure be adjusted to genuinely uplift developing nations? The atmosphere during this…

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In the heart of Mogadishu, a momentous occasion unfolded on a significant Thursday as Ethiopia's Prime Minister, Abiy Ahmed, touched down in Somalia's capital. His agenda was clear: to bridge the chasm that had formed between Ethiopia and Somalia. The reception, marked by reverence, was just the prelude to the dialogues expected to reshape their bilateral relations. History has a peculiar way of weaving its narrative, and in this tale, the frostiness of relations dates back to January 2024. It was a time when…

Edited By Ali Musa Axadle Times International–Monitoring. Garowe, Somalia: A Strategic Bastion in the Fight Against Global Terror Under the starlit skies of Garowe, whispers of change are taking flight. In a world where news often travels at the speed of a tweet, a significant revelation emerged from the heart of Northeastern State. Imagine, if you will, a landscape marked not just by desert winds and rolling sand dunes, but also by the invisible lines drawn by global networks of terror. On a breezy Thursday evening,…