Agreement

It's said that history doesn’t repeat, but it often rhymes. Can this phrase apply to Kenya's economic journey? Recently, whispers from unnamed insiders suggest a major shift in financial strategy. Insider sources, who chose to remain anonymous, leaked that the promised loan to Kenya will be delivered in full rather than in stages as originally intended. Such a financial influx at one go is quite unconventional, isn’t it? Not much has been said publicly; neither Kenya's Treasury Secretary John Mbadi nor the UAE…

The New Frontier: Somalia's Ambitious 200-Square-Kilometre Development Project The winds of change are blowing across Somalia's landscape, bringing with them a project that aspires to revolutionize commerce and connectivity. Over the next few months, a comprehensive surveying and feasibility study will mark the beginning of a 200-square-kilometre endeavor designed to enhance the country's trade and economic potential. Picture a gateway not merely for Somalia, but for its landlocked and coastal…

How often does a handshake capture the world's attention? When Somali President Hassan Sheikh Mohamud and Ethiopian Prime Minister Abiy Ahmed met eye-to-eye, during the 38th African Union Summit in bustling Addis Ababa, their handshake was much more than a diplomatic formality. It was laden with the weighty hopes of peace and collaborative future—a substantial step forward since the historical signing of the Ankara Declaration. But let's not put the cart before the horse: what led to this compelling moment and what does it…

Mogadishu (AX) – In a significant milestone for diplomatic collaboration and strategic alliances, Somalia and Azerbaijan have inked a groundbreaking defense cooperation agreement. This accord represents a pivotal moment in the evolving relationship between the two countries. At the heart of this agreement are Somali Defense Minister Abdulkadir Mohamed Nur and his Azerbaijani counterpart, Defense Minister Zakir Hasanov. Together, they formalized this partnership in the vibrant city of Baku on Wednesday. Highlighted by…

Mogadishu (AX) – In a move as monumental as it is symbolic, the Somali government has resolved a debt dispute with the Abu Dhabi Development Fund (ADFD) originating from the ill-fated Juba Sugar Factory project. This triumph sees $257 million etched off the slate, an encouraging milestone in Somalia's ambitious economic revival plan. Amid the opulence of Dubai and the stimulating atmosphere of the World Government Summit, a simple yet momentous act took place. Somalia’s Finance Minister, Bihi Iman Igeh, alongside ADFD’s…

The leadership of former President Donald Trump has reportedly narrowed the gap in golf’s ongoing civil strife, as the PGA Tour suggests. In a significant development, PGA Tour Commissioner Jay Monahan and player representative Adam Scott engaged in discussions with Trump on Tuesday, seeking a pathway toward a resolution involving the US-based circuit, the DP World Tour, and Saudi Arabia’s Public Investment Fund, the financial powerhouse behind LIV Golf. Discussions have been in progress since a framework agreement was…

Hargeisa (AX) — In a recent drama unfolding in North Western State of Somalia, the government has pulled the plug on the operating license of a pivotal livestock inspection facility in Berbera. The decision, fueled by allegations against its Arab proprietor, Abu Yaasir, claims he inked an unsanctioned pact with the Somali federal government. It’s a maneuver perceived as jeopardizing the lifeline of North Western State of Somalia's thriving livestock export sector. Does one ever pause to reflect on how a single decision can…

CAIRO - Egypt and Somalia have enthusiastically rolled up their sleeves, set to activate a long-anticipated military accord inked in 2024. Curious as to why? Well, these interesting developments seem likely to raise eyebrows over in Ethiopia. You see, a significant discussion hovers over the colossal Grand Renaissance Dam, a construction project that's become quite the bone of contention between Ethiopia and Cairo. Presidents Hassan Sheikh Mohamud of Somalia and Abdel Fattah al-Sisi of Egypt recently put pen to paper on…

In a significant move towards peace, Israel has released 90 Palestinian prisoners, marking the culmination of the first prisoner exchange under a long-awaited truce. This came after Hamas returned three Israeli hostages, providing a glimmer of hope after over 15 arduous months of conflict in Gaza. The Israel Prison Service confirmed the overnight release, and the initial reactions were electrifying. In Beitunia, close to Ofer prison, euphoric crowds erupted in celebration, their chants echoing through the air as the buses…

In a pivotal move, Israel's government has greenlit a ceasefire agreement with Hamas, signaling a tentative step toward peace in the long-embattled Gaza Strip. Prime Minister Benjamin Netanyahu's office confirmed this development just a day before the truce is set to take effect. After a marathon meeting lasting over six hours, the Israeli cabinet ratified an accord that could finally put an end to a relentless 15-month war in the Palestinian enclave under Hamas control. The atmosphere was thick with tension, but there was…