allocates

Somalia: Hormuud Salaam Foundation Invests $1 Million Annually in Lifesaving Dialysis for Over 170 Patients MOGADISHU, Somalia – Deep in the heart of Mogadishu, a remarkable story of hope and healing unfolds daily, underpinned by the compassionate ethos of the Hormuud Salaam Foundation (HSF)—a generous endeavor spearheaded by Hormuud Telecom and Salaam Somali Bank. This foundation is performing nothing short of a miracle, spending an impressive $1 million annually to provide free dialysis to more than 170 Somali…

The Nigerian government is navigating turbulent economic waters with a decisive move to bolster the Naira. By injecting more than $8 billion into the economy, authorities aim to restore confidence in the local currency. This significant capital infusion has already shown promising effects, as the Naira has begun to regain strength across the foreign exchange market. Yet, amidst this nascent recovery, a sense of caution looms large. Economists caution against complacency, suggesting that this newfound appreciation may be…

The Green Climate Fund (GCF) has greenlit a whopping $134 million to kickstart two landmark initiatives aimed at helping vulnerable farming communities in Somalia and Iraq toughen up against climate change.Steered by the good folks over at the Food and Agriculture Organization (FAO) of the United Nations, these game-changing projects will arm millions of farmers and herders with the skills to tackle climate chaos like droughts and floods head-on.Kaveh Zahedi, chief honcho of FAO’s Climate Change, Biodiversity and Environment…

Mogadishu (AX) – On a momentous Tuesday at its 40th meeting, the Green Climate Fund (GCF) embraced a $100 million endeavor aimed at boosting Somalia’s efforts against climate chaos through the "Climate Resilient Agriculture in Somalia" (FP246) project. Somalia’s Minister of Environment and Climate Change, Khadija Mohamed Al-Makhzoumi, flanked by fellow government representatives, hailed the GCF's backing. Minister Khadija hailed the move as a pivotal stride in strengthening Somalia’s agricultural defense against erratic…

EU Allocates $9 Million to Bolster Somalia’s Budget The European Union (EU) has committed $9 million to aid Somalia’s federal budget. This cash injection aims to address shortfalls encountered during budget drafting. According to an EU statement, the funding comes in recognition of Somalia’s strides in economic stabilization and financial reform, leading to improved service delivery. The EU emphasizes that this contribution is part of the State and Resilience Building Contract (SRBC), which seeks to enhance the Somali…

Mogadishu (AX) — The European Union (EU) has committed €9 million to Somalia's Federal Government (FGS) for advancing governance reforms. This funding, part of the EU's Somalia State and Resilience Building Contract (SRBC II), aims to boost public financial management and spearhead economic growth. The allocation will aid Somalia in bolstering domestic revenue collection, fortifying fiscal federalism, and enhancing social services, including public education through initiatives such as the National Teacher's Initiative.…

The EU said on Monday it would allocate 53.7 million euros ($ 64.6 million) in humanitarian aid to the most vulnerable people in Ethiopia, including those affected by the conflict in the northern Tigray area, according to a statement. EU Commissioner for Crisis Management Janez Lenarcic, who is expected in Ethiopia on Tuesday, said the conflict in the Tigray region has exacerbated an already difficult situation in the Horn of Africa. On November 4 last year, Ethiopia launched a sweeping law enforcement operation…