capital

A New Dawn for African Capital Markets In recent months, a palpable shift has occurred in the landscape of African finance. Governments and corporations across the continent are beginning to re-enter international capital markets, opening doors for a fresh wave of funding opportunities. After a protracted period of restricted access, marked by various economic challenges, this renewed engagement presents an invaluable chance for diversification. A recent report from Citigroup Inc. outlines this optimistic reality,…

Somali, AU Troops Push Back Al-Shabaab Offensive Near the Capital MOGADISHU, Somalia - In an impressive display of courage and coordination, the African Union Support and Stabilisation Mission in Somalia (AUSSOM) Forces collaborated with the Somali National Army (SNA) to thwart a potentially devastating attack by Al-Shabaab militants in the Lower Shabelle region. According to a statement from the Ministry of Defence, 18 militants were reportedly neutralized in this operation. The assault, occurring near the…

Al-Shabaab's Persistent Threat: Assaults on Military Bases Near Mogadishu MOGADISHU, Somalia — In a bold and coordinated move, Al-Shabaab militants executed a series of attacks on Friday, targeting two pivotal military outposts near Somalia’s bustling capital, Mogadishu. This onslaught illuminated the persistent challenges confronting Somali and African Union forces, tasked with maintaining a fragile peace. The targeted zones, Sabiid and Caanoole, situated in the strategically vital Lower Shabelle region,…

In a compelling discussion with Business Insider Africa, Dr. Sonnie Ayere, the Group Chief Executive Officer of DLM Capital Group, laid bare the nuances of Sovereign Bond-Backed Composite Notes (SBCNs). He delved into their distinct risk-return characteristics and underscored the relevance of this financial innovation for Nigeria's burgeoning debt markets. After two years of meticulous design and assessment, DLM Group has unveiled a product that is quickly gaining a reputation as a transformative solution for…

Turkish-Trained Special Forces Block Major Road in Mogadishu: The Price of Unpaid Wages MOGADISHU, Somalia — On a typically bustling morning, the heart of Mogadishu stirred with unexpected tension. The Ex-Control Afgooye road, a lifeline for thousands, was sealed off by the very forces meant to protect it. Members of the Somali police's elite Haramcad unit, known for their rigorous Turkish training, took a stand, but not against a hostile force; their adversary was unpaid salaries. This dramatic…

Somalia Embarks on an Ambitious Journey: An $800 Million Airport Near the Capital MOGADISHU, Somalia - Picture a nation on the brink of transformation. Imagine the flutter of excitement in the air as Somalia, with its resilient spirit, unveils plans for a grand new international airport. President Hassan Sheikh Mohamud shared this vision recently, highlighting infrastructure as the cornerstone of the country’s economic rebirth. Slated for construction in Haawaay, Middle Shabelle, the airport is a strategic move to…

Africa Soft Power Summit 2025: A Vision Unfolding The recent summit was an eye-opener, comprising two pivotal conferences: the Remarkable African Women's Leadership Conference and the Creative & Innovative Industries Conference, culminating in the prestigious Africa Soft Power Gala & Awards. Each segment offered profound insights that resonate with a diverse audience, charting a hopeful yet realistic path forward for the continent. “Africa's creative and tech sectors have already proven themselves to…

Understanding Countries with Multiple Capital Cities It may sound unusual at first, but the concept of having more than one capital city is surprisingly common around the globe. Numerous countries choose to distribute their governmental functions across multiple locations, and this often stems from political, historical, or economic motivations. Each capital serves a specific purpose, reflecting a rich tapestry of a nation's governance and identity. This intriguing arrangement often aims to balance regional power,…

11th Annual Cambridge Africa Together Conference: A Platform for Progress On the weekend of May 9 and 10, 2025, the esteemed city of Cambridge will play host to the 11th Annual Cambridge Africa Together Conference. This significant event promises to bring together more than 250 delegates—a diverse assembly that underscores one of Africa's most globally engaged forums dedicated to economic power, policy, and political leadership. Run entirely by the passionate members of the African Society of Cambridge University,…

General Abdel Fattah al-Burhan, the chief of Sudan’s armed forces, recently made a noteworthy visit to the president's palace in Khartoum, which has been retaken from the grips of the paramilitary Rapid Support Forces (RSF) following nearly two years of intense conflict. In a confident declaration, Burhan proclaimed the capital "free," marking a significant milestone in the ongoing struggle. "Khartoum is free, it's done," Burhan stated clearly during a televised broadcast, summing up a multi-day operation aimed at…