Browsing Tag

crossborder

Ethiopia and South Sudan Embark on Ambitious 220-Kilometer Cross-Border Road Project

ADDIS ABABA - Ethiopic and South Sudan are gearing up to pave a 220-kilometer border-crossing road after securing a whopping $738 million agreement in May 2023. This Tuesday, South Sudan's Transitional National Legislative Assembly gave the thumbs-up to the cooperative financial plan with Ethiopia for developing the frontier highway, the Ethiopian Ministry of Foreign Affairs revealed in a Thursday statement. The ministry highlighted that the project is designed to boost connectivity and spur economic growth between the…

Ethiopia and South Sudan Embark on Ambitious 220-Km Cross-Border Road Project

(Image File) Plans are underway for Ethiopia and South Sudan to create a 220-km road spanning their mutual border, following a cool $738 million funding pact made in May 2023. On Tuesday, South Sudan's Transitional National Legislative Assembly gave the nod to the Ethiopia-South Sudan financial deal to construct this transnational highway, as revealed by the Ethiopian Ministry of Foreign Affairs on Thursday. The ministry highlighted that the initiative seeks to boost connectivity and strengthen economic bonds between these…

Why Somalia Should Consider Bitcoin as a Hedge: Building Economic Resilience

In the face of recent economic turmoil and uncertainties, Somalia has a compelling opportunity to explore the potential benefits of integrating Bitcoin into its national financial strategy. This innovative digital currency could not only serve as a safeguard during turbulent economic times but also act as a catalyst for strengthening Somalia's resilience against future shocks. Somalia, along with many other developing nations, faces a multitude of challenges that can significantly disrupt its economic stability. These…

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