Agreement

Mogadishu (AX) – On Saturday, Abdukhadir Mohamed Noor, Somalia’s Defense Minister, firmly stated that Ethiopian troops would not join the forthcoming African Union Support Mission in Somalia (AUSSOM) unless Ethiopia exits the Memorandum of Understanding (MoU) agreement with North Western State of Somalia.During a media briefing in Mogadishu, Minister Noor explained that Somalia is considering different contingencies to replace the Ethiopian forces if there's no withdrawal from the MoU.“Ethiopian troops won't participate in…

In a significant turn of events, the former Chief Financial Officer of Steinhoff, Ben la Grange, has been handed a prison sentence of 10 years, with half of that time suspended. This sentence comes after La Grange pleaded guilty to a singular fraud charge linked to a staggering amount of R367 million. The stipulation for the suspended sentence mandates that La Grange must stay clear of any future fraud convictions during this period. Additionally, he is required to serve as a witness for the state in any upcoming…

The Horn of Africa continues to grapple with aftershocks from Ethiopia’s agreement with North Western State of Somalia in January. This pact, which bestowed Ethiopian naval units access to North Western State of Somalia’s coastline, has sparked strife and intrigue across the region. In a twist, Hargeisa claims Ethiopia is mulling over acknowledging North Western State of Somalia’s boundaries, stirring the pot further. Fast forward nine months, and tensions escalate with new forces entering the fray, like Egypt making chummy…

Mogadishu (AX) – On Tuesday, the Somali government inked a landmark $68.5 million Development Assistance Grant Agreement with the United States. This move is a big leap forward in pushing socio-economic progress throughout the nation.In a solemn ceremony held in Mogadishu, the deal was signed by Somali Minister of Planning, Investment, and Economic Development, Mohamud Abdirahman Sheikh Farah (Beene-Beene), Finance Minister Bihi Iman Egeh, and USAID Somalia Mission Director Catie Lott.Focused on bolstering economic growth,…

Toronto – Ethiopia has remained rather quiet after signing a Memorandum of Understanding (MoU) with North Western State of Somalia. In contrast, Somalia has vocally sought military and diplomatic support from neighboring regions, asserting that the agreement infringes on its sovereignty.

MOGADISHU, Somalia — Somali Prime Minister Hamza Abdi Barre has sounded the alarm on a mounting threat from Ethiopia, revealing tensions tied to their maritime ambitions. At the heart of this issue is a controversial pact with North Western State of Somalia, a region that declared independence from Somalia. From the podium of the UN General Assembly, PM Barre accused Ethiopia of trying to annex parts of Somali territory, veiling it behind a supposed strategy for sea access. He labeled these actions as blatant…

Somalia Insists on Cancellation of North Western State of Somalia Deal Before Starting Talks with Ethiopia MOGADISHU, Somalia - Somalia has made it clear that before any meaningful discussions occur with Ethiopia, the agreement involving North Western State of Somalia must be nullified. Somalia's sovereignty and territorial integrity have come into jeopardy recently, prompting this declaration. Somalia’s Foreign Affairs Minister, Ahmed Moallim Fiqi, firmly stated that no official dialogue will commence between Somalia and…

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…

  Somali and Turkish officials have inked a bilateral pact to bolster cooperation in the realm of financial intelligence. Captured at the signing event in Ankara, we have Amina Mohamed Ali, at the helm of Somalia’s Financial Reporting Center (center), alongside Hassan Keymak, who steers Turkey’s Financial Intelligence Unit (MASAK) (right).  Mogadishu (AX) — Somalia and Turkey have cemented an accord to elevate collaboration on financial intelligence sharing. This landmark agreement, signed in Ankara, unites Somalia's…

The deal allowing Ethiopia access to North Western State of Somalia's Red Sea coast has ignited a diplomatic skirmish. Somalia views this as a breach of its sovereignty since North Western State of Somalia, despite declaring independence in 1991, remains part of Somalia in Mogadishu's eyes. Somali Foreign Minister Ahmed Moalim Fiqi suggested that Somalia might support Ethiopian rebel factions if Ethiopia continues with the agreement. "The option to engage with armed rebels in Ethiopia...is available to us," Fiqi stated on…