Browsing Tag

approves

Somali Cabinet Reviews Security, Approves Key Agreements and Laws in Special Session

Somalia Cabinet reviews security, lauds Mogadishu vote, approves Uganda, Saudi pacts MOGADISHU — Somalia’s Council of Ministers held an extraordinary meeting Monday to review the national security situation, assess recent operations against extremist groups and mark the completion of one-person, one-vote local council elections in the Banadir region, government officials said. Chaired by President Hassan Sheikh Mohamud and attended by Prime Minister Hamza Abdi Barre, the session signaled the political weight the…

Somali Parliament Passes Medicines Bill to Regulate Pharmaceuticals Nationwide

Somalia’s Parliament Passes Medicine Bill to Tackle Counterfeit Drugs; Lawmakers Weigh Tobacco Control Pact MOGADISHU — Somalia’s lower house of parliament on Saturday approved the Medicine Bill, a landmark piece of health legislation aimed at tightening oversight of pharmaceuticals after years of weak regulation and widespread concerns over counterfeit and substandard drugs. The House of the People passed the bill during the 25th meeting of its seventh session, with 141 lawmakers voting in favor, one abstention and no…

Somali Parliament Approves 2026 National Budget Worth $1.39 Billion

Somalia’s Parliament approves $1.39 billion 2026 national budget in joint session MOGADISHU — Somalia’s bicameral Federal Parliament on Tuesday approved the National Budget for the 2026 fiscal year, endorsing a $1,386,807,242 spending plan during a joint session held in Mogadishu. The budget’s passage, by an overwhelming majority, sets the federal government’s financial framework for the coming year. According to parliamentary results, 174 lawmakers voted in favor, four opposed, and one abstained, signaling broad…

EU approves €90 billion Ukraine loan without tapping frozen Russian assets

EU leaders agreed to provide Ukraine a €90 billion loan to cover looming budget shortfalls after more than a day of talks in Brussels, but they failed to unite behind a plan to tap frozen Russian assets to finance the support. The deal offers Kyiv a financial lifeline as the government braces for a cash crunch expected to hit by April and as U.S. President Donald Trump urges a quick settlement to end Russia’s war. EU chief Antonio Costa announced the outcome on X, saying, “We have a deal. Decision to provide 90 billion euros…

Brazilian Congress approves bill to shorten Bolsonaro’s prison term

Brazil’s Senate on Tuesday approved a bill that could dramatically reduce the prison term of far-right former president Jair Bolsonaro, convicted of plotting a coup after losing the 2022 election to Luiz Inacio Lula da Silva, setting up an expected presidential veto and a fresh clash with Congress. The measure, which changes how sentences are calculated for certain crimes, passed the upper chamber 48-25 after clearing the lower house last week. It now goes to President Lula, who has vowed to reject it, saying Bolsonaro “must…

African Development Bank approves $76 million to boost Somalia’s transport connectivity

AfDB approves $76.37 million in additional financing to boost Somalia’s road corridors, cross-border trade Sunday December 14, 2025 The African Development Bank (AfDB) Group has approved $76.37 million in additional financing for Somalia’s Road Infrastructure Program, strengthening a key segment of the Horn of Africa corridor linking Somalia with Ethiopia and Djibouti and aimed at accelerating regional trade and integration. In a statement issued Thursday, the bank said the program is designed to “stimulate cross-border…

EU approves €3 import fee on small parcels from non-EU countries

EU finance ministers have agreed to impose a €3 duty on every small parcel imported into the 27-nation bloc starting 1 July next year, a measure aimed at stemming a flood of ultra-cheap e-commerce shipments from platforms such as Shein and Temu. The flat levy follows the bloc’s move last month to scrap a duty exemption for direct-to-consumer packages valued at less than €150. An EU spokesperson said the €3 charge will be temporary and will remain in place until member states settle on a permanent approach to taxing the…

IMF Approves $40 Million Boost for Somalia’s Credit Program, Fourth Review Cleared

IMF approves additional $40 million for Somalia, releases $30 million in immediate budget support MOGADISHU — The International Monetary Fund has approved an additional $40 million for Somalia after completing the fourth review of the country’s Extended Credit Facility, authorizing an immediate $30 million disbursement for budget support. The decision lifts Somalia’s total access under the program to about $140 million and brings cumulative disbursements to roughly $100 million under the arrangement approved in December…

Trump approves bill to unseal long-hidden Jeffrey Epstein files

Trump signs bill ordering Justice Department to release Jeffrey Epstein documents President Donald Trump on Thursday signed bipartisan legislation directing the Justice Department to make public files from its long-running probe of sex offender Jeffrey Epstein. The move comes after weeks of political pressure and signals a reversal from earlier opposition by the White House. Trump had previously urged Republicans to block the measure, fearing a precedent for exposing internal investigative records, according to two…

UN Security Council Approves U.S.-Backed Gaza Peace Plan Resolution

UN Security Council backs U.S.-led Gaza peace plan The United Nations Security Council voted 13-0, with Russia and China abstaining, to endorse a U.S.-authored Gaza peace plan that creates a transitional authority for the territory and calls for an international stabilisation presence. The resolution marks a rare Council alignment behind a U.S. blueprint after intensive diplomacy and textual changes that reference a "credible path" to Palestinian statehood. The vote authorises a Board of Peace and an International…