Browsing Tag

bond

Turkey strengthens its bond with Somalia through energy initiatives, yet escalating tensions with Ethiopia threaten these investments.

In a grand setting, Turkey’s President Recep Tayyip Erdogan stepped up to address the 79th session of the United Nations General Assembly on a bustling Tuesday, September 24, 2024. (AP Photo by Richard Drew) - AP Photo/Richard DrewWith considerable spotlight, President Erdogan participated in the send-off ceremony for Turkey’s energy research vessel, Oruc Reis. This month, the ship departed towards the Somali waters, bolstered by two Turkish naval ships.Somali Energy AccordThe Oruc Reis deployment emerges from an energy…

19 people tried in Mozambique tuna bond scandal

A trial has started for 19 suspects in Mozambique's "hidden debt" or "tuna bonds" scandal. The corruption case allegedly involved a tuna company, maritime security companies and more than $ 2 billion in loans. On Monday, South Africa promised to extradite the man who was then Mozambique's…

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