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IMF Completes Third Review of Somalia's Economic Reform Program Washington D.C. (AX) — Recently, the Executive Board of the International Monetary Fund (IMF) concluded its third review of Somalia’s economic reform program under the Extended Credit Facility (ECF) arrangement. This review is a significant milestone that unlocks an immediate disbursement of approximately US $10 million to bolster Somalia’s ongoing economic reforms. To put that into perspective, this latest disbursement, which amounts to SDR 7.5 million,…

The finance ministers of the European Union have officially approved Bulgaria's plan to adopt the euro on January 1, 2026. "This represents the culmination of a comprehensive journey towards Bulgaria's accession, marked by meticulous analysis and dedicated preparation," stated Stephanie Lose, Denmark's economy minister, which currently holds the EU's rotating presidency. In a recent assessment, the European Commission confirmed that Bulgaria, the EU's least affluent member, has met the stringent criteria required for euro…

For just over a year now, the Ruto administration has found itself embroiled in an escalating clash with a new generation of young Kenyans. These young citizens are vocal and resolute, demanding meaningful changes to their socio-economic circumstances. They are not merely asking for reform; they are passionately insisting on it. This palpable discontent has manifested itself in demonstrations that, regrettably, have often turned violent. The streets have seen a fierce back-and-forth between the authorities and…

Legal Ruling Sparks Controversy Over Deportations to South Sudan On Friday, July 4, a pivotal decision emerged from the courtroom of U.S. District Judge Brian Murphy. Bound by a recent order from the Supreme Court, Judge Murphy ruled that the Department of Homeland Security was no longer barred from deporting certain individuals. This move has left many feeling a sense of urgency and concern about the implications for those affected. The court’s ruling effectively extinguished the migrants' final attempts to halt their…

The Executive Board of the International Monetary Fund (IMF) is set to examine Ghana's fourth review of its $3 billion Extended Credit Facility (ECF) programme on July 7, 2025, in Washington, D.C. This meeting represents a critical moment for Ghana, as the outcome could have significant implications for the nation's economic trajectory. Ghana Meets All Conditions Ahead of Review Sources close to the proceedings indicate that Ghana has successfully met all conditions crucial for this upcoming review. This positions the…

Ukraine and the Council of Europe have recently formalized their commitment to establishing a special tribunal aimed at holding senior Russian officials accountable for the crime of aggression against Ukraine. This pivotal agreement was signed by Ukrainian President Volodymyr Zelensky and Council of Europe Secretary General Alain Berset in Strasbourg, France. President Zelensky expressed the significance of this endeavor, stating, "This is truly a very important step. Every war criminal must know there will be justice, and…

Kenya's 2025 Finance Law: A Complex Balancing Act On Thursday, Kenya's parliament took a significant step by voting in favor of this year's proposed finance law. This decision, echoing the echoes of past turmoil, reflects both cautious optimism and a commitment to safeguarding the privacy of taxpayers. The crux of the debate is not solely about numbers and fiscal policies; it's a matter of trust and transparency. Lawmakers strongly denied the Kenya Revenue Authority's (KRA) request for unrestricted access to personal…

Starlink Takes a Giant Leap in Somalia Imagine a star-speckled night, where the sky is not just a decorative canopy, but a functional expanse connecting the remote corners of our planet. In this cosmic dance, Elon Musk's SpaceX has scripted a new chapter, extending its groundbreaking Starlink satellite internet service to the landscapes of Somalia. With a mere tweet from Musk on the platform he owns, X, on a seemingly quiet Sunday, the world was informed of this monumental leap. Africa, a continent rich in culture and…

Somalia's Political Horizon: A New Chapter The political landscape in Somalia is poised for significant transformation as the nation embarks on a journey towards more inclusive elections. "These five associations have cleared the conditions set by the commission," Hassan remarked, reinforcing their status as "the legitimate political stakeholders of this country." Who could deny the poignant truth in these words? The atmosphere is charged with anticipation as voter registration rolls…

The Irish Government is poised to contribute an additional €315 million to the European Union's enhanced military package for Ukraine, as confirmed by reliable sources. This contribution will augment the €100 million already pledged in recent weeks. The newly proposed €315 million will focus specifically on non-lethal support, reinforcing Ireland's commitment to assisting Ukraine during these challenging times. Tánaiste and Minister for Foreign Affairs Simon Harris, currently speaking from the United States, reached out to…