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African

DP World Commits $3 Billion to Transform African Ports by 2029

(Bloomberg) -- DP World has earmarked $3 billion for new port infrastructure in Africa over the coming 3-5 years, aiming to tap into a growing market driven by the rising demand for essential mineral exports.“Logistics and supply chain expenses are exorbitant across Africa compared to other regions,” said Mohammed Akoojee, the CEO and managing director for sub-Saharan Africa at DP World, during a Bloomberg Television interview. The firm is expanding operations in Dar es Salaam, Tanzania and recently evaluated harbors in…

WATCH: Warpod Explores Somalia’s Security Evolution Post-African Union Departure

In this Warpod episode, we chat with Samira Gaid, a top regional analyst and Somalia security authority, alongside Ali Hersi, Saferworld’s Somalia Director. We talk about the difficulties Somali folks and grassroots groups contend with. We dive into issues around the tangled coordination among international players and stress the crucial investment in community peace and dialogue to tackle lasting security hurdles. The guests' viewpoints and sentiments aired in this podcast are strictly their own and don’t necessarily…

South Korea Vows Significant Assistance to Somalia at African Summit

SEOUL, South Korea (AX) — South Korea has pledged support for Somalia's growth initiatives. This announcement came after high-level discussions between Somali Prime Minister Hamza Abdi Barre and his South Korean counterpart, Han Duck-soo, in Seoul during the first-ever South Korea–Africa Summit. The conversation spotlighted a partnership grounded in mutual gain, focusing on crafts, skill enhancement, economic foundations, and tech."Prime Minister Han Duck-soo of South Korea has vowed to aid Somalia in developing vital…

Somalia Set to Secure UN Security Council Seat Amid Absence of African Rivals

The election for the non-permanent seat is scheduled for June 6, during the 78th United Nations General Assembly session. Somalia is optimistic, boasting wholehearted backing from the African Union, reportedly its lone candidate for the African seat. Should it succeed, Somalia will score its second non-permanent seat on the Security Council, the first stint being from 1971 to 1972. Rumor has it no other African nation is opposing Somalia's candidacy. Foreign Minister Ahmed Moalim Fiqi and his team are now in New York,…

Somalia Assumes Role on UN Security Council: Leading Advocacy for African Issues and Strengthening Global Security

Abukar Dahir Osman, the Ambassador and Permanent Representative of the Federal Republic of Somalia to the United Nations, spoke at the UN Security Council on October 20, 2023. Somalia will rejoin the United Nations Security Council after almost 50 years, focusing on African interests, global security challenges, and boosting its diplomatic and economic status. Alongside Algeria and Sierra Leone, Somalia aims to strengthen African representation on the Council, with a focus on preventing conflicts, sustainable development,…

Kenya Boosts Investment in AfDB and African Multilateral Lenders with $100 Million Injection

President William Ruto delivered a speech at the opening of the 59th Annual Meetings of the African Development Bank Group and the African Development Fund in Nairobi on May 29, 2024. Kenya plans to increase its stakes in three vital African financial institutions by $100 million to show support for efforts to address the continent's issues. President Ruto announced the additional investment during the AfDB annual meetings in Nairobi, stating that the money will also benefit the Afrexim Bank and the Trade and Development…

Empowering African Nations: Encouraging Private Sector Investment in Higher Education

African nations are advised to seek private sector partnerships to fund higher education Experts urge African countries to attract private investments for tertiary education and skill development for the youth. At a recent event in Nairobi, former Tanzanian President stressed the importance of government support in attracting private capital for education. To build a solid tertiary education system, experts recommend investing in early learning, primary, and secondary education to create a skilled workforce. The African…

African Development Bank Provides $18 Million to Support Somalia’s Climate Change Resilience Efforts

In Nairobi, during the African Development Bank's yearly gathering, Somalia's Finance Minister, Bihi Iman Egeh, and the bank's Vice President, Dr. Beth Dunford, inked an agreement. Egeh stressed the significance of the funding, highlighting its crucial role in combatting the nation's frequent droughts. "We are thrilled to have secured $18 million from the African Development Bank. The overall budget for this initiative is $35 million. Somalia has already received over half of the funds, which will be utilized to address…

Boost private sector investment in tertiary education across African countries

NAIROBI, Kenya - Assembled experts at an African Development Bank conference in Kenya recommended that African countries step up efforts to attract private sector funding to improve tertiary education, equipping the continent's youth with the necessary skills. During a panel at the Bank's 2024 Annual Meetings in Nairobi, the experts emphasized the need for a strong commitment to ensure private sector investments in education yield positive returns. Former Tanzanian President Jakaya Kikwete, who chairs the Global Partnership…

Trailblazing Brands in Africa 2024: Nike, Adidas, and Samsung Dominate, with MTN Leading the Way for African Brands

Mogadishu (AX) — Brand Africa recently unveiled its 14th annual Brand Africa 100: Africa's Best Brands rankings, showcasing a strong inclination towards non-African brands despite 64% of Africans having faith in the potential of the continent. Only 14% of the top 100 most admired brands in Africa were African brands for the second year in a row. The rankings continue to be dominated by global brands, including Nike, Adidas, Samsung, Coca-Cola, and Apple, holding onto their top five positions for the fifth consecutive year.…

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