Browsing Tag

Agreement

Turkey Secures 90% Share of Somalia Oil Revenue in New Agreement

Mogadishu (AX) — Recent reports indicate a significant shift in the dynamics of resource management in Somalia, particularly regarding its offshore oil and gas reserves. According to a comprehensive report from Nordic Monitor, Turkey stands to secure an astounding 90 percent of the revenue generated from these resources. This revelation raises several critical questions about the nature of international agreements and the potential ramifications for Somalia’s economic sovereignty. The full text of the agreement, which has…

Nigeria and South Africa Forge Agreement to Boost Mining Growth

In a significant move to strengthen the partnership cultivated through the Nigeria–South Africa Bi-National Commission, recently inaugurated by Presidents Bola Tinubu and Cyril Ramaphosa, the Ministers of Solid Minerals from both countries have taken a substantial step forward. They have signed a Memorandum of Understanding (MoU) that outlines fundamental areas of cooperation, complete with clear implementation timelines aimed at nurturing a more vibrant mining sector. During the bilateral meeting held in Abuja, Nigeria's…

Trump Suggests America May Withdraw Support if Russia-Ukraine Agreement Isn’t Reached Quickly

U.S. President Donald Trump recently indicated that the United States is prepared to "take a pass" on mediating further talks regarding the Ukraine conflict unless there is noticeable progress from both Moscow and Kyiv. In his remarks, Trump emphasized a sense of urgency, stating that a resolution is desired "very shortly." His comments follow those of Secretary of State Marco Rubio, who noted during discussions with European allies that Washington would "move on" if a ceasefire did not appear achievable within a matter of…

Trump and Meloni Highlight Potential US-Europe Trade Agreement

Strengthening Transatlantic Ties: A Conversation Between Trump and Meloni In an intriguing meeting that echoed with promises and potential, Donald Trump and Giorgia Meloni explored the prospects of a future trade deal between the United States and Europe during the Italian Prime Minister’s recent visit to Washington. Both leaders expressed their optimism, weaving the fabric of a cordial dialogue aimed at enhancing economic ties. “There will be a trade deal, 100%,” Trump confidently asserted, adding, “but it will be a fair…

Trump and Italy’s Meloni Discuss Promising Prospects for EU Tariff Agreement

In an encouraging development, former President Donald Trump and Italian Prime Minister Giorgia Meloni expressed optimism about a potential agreement on US-EU tariffs during Meloni's recent visit to the White House. Emphasizing her role as a key figure in fostering transatlantic relations, Meloni positioned herself as the only European leader capable of alleviating the trade tensions instigated by Trump's policies. Her bold assertion, "My mission is to make the West great again," resonated throughout their discussions.…

Chinese Company Finalizes $1B Sugar Agreement in Nigeria, Expanding African Footprint

The Future of Nigeria's Sugar Industry: A Promising Partnership The recent agreement between the National Sugar Development Council (NSDC) and the Chinese conglomerate SINOMACH marks a turning point for Nigeria’s sugar industry. This partnership not only aims to bolster the domestic sugar sector but also deepens China’s strategic foothold in Africa. The implications are substantial and multifaceted, carrying the potential to transform the agricultural landscape of Nigeria. In a recent interview with the News Agency of…

Birmingham refuse collectors turn down proposed agreement intended to resolve ongoing industrial dispute

Birmingham Garbage Workers Refuse Offer, Strike Enters Sixth Week Refuse workers in Birmingham have voted overwhelmingly to reject an offer intended to resolve a strike now in its sixth week, leaving thousands of tonnes of garbage piling up throughout the city's streets, union officials confirmed today. This latest development comes as military logistics experts have been called in to help tackle the ongoing rubbish accumulation crisis. The Unite union described the proposal presented to its members as…

Somalia Opposes Ethiopia-North Western State of Somalia Agreement, Study Reveals

Mogadishu (AX) — A winds of change seem to be gracefully sweeping through the Horn of Africa, as Somalia intensifies its regional diplomacy efforts. In recent months, the country has fostered tighter alliances with Egypt, Eritrea, and Djibouti, demonstrating a united front against Ethiopia's controversial maritime agreement with North Western State of Somalia. This treaty has become a lightning rod for tensions, for Somalia sees it as a profound threat to its sovereignty. These evolving dynamics were recently examined in a…

Turkey and Somalia Ink Onshore Oil Exploration Agreement Despite Security Worries

Turkey Signs Onshore Oil Exploration Deal with Somalia Amid Security Concerns In an era of dynamic international collaborations, yet another compelling chapter unfolds between Turkey and Somalia. On Thursday, the two nations came together to ink a groundbreaking agreement that charts paths into the uncharted territories of onshore oil and gas exploration. This momentous occasion, held in the heart of Ankara, extends seismic survey rights to Turkey’s state-run energy titan across three…

Cabinet Applauds Efforts Against Al-Shabaab, Endorses Agreement with Egypt

Somalia’s Resilience and Partnerships: A Step Forward Against Extremism MOGADISHU, Somalia – In a world rife with challenges, few nations stand as resiliently as Somalia in their bold fight against the extremist insurgency led by Al-Shabaab. Over the past three years, an audacious campaign undertaken by local troops, buoyed by invaluable international support, has seen the nation carve out substantial victories against this formidable opponent. With a sense of urgency…

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