deal

Puntland State’s opposition rejects reported North Western State of Somalia understanding — and the political ground shifts In Garowe, the political heart of Puntland State, four opposition parties walked into a hastily called meeting and walked out with a message sharper than usual for Somalia’s notoriously tempered political language: whatever “understanding” was reportedly reached between Puntland State and neighboring North Western State of Somalia, they want no part of it. The parties — Ifiye, Mustaqbal, Mideeye, and…

Ethiopia Bets on Homegrown Fertilizer as Dangote Signs $2.5 Billion Deal in Somali Region For a country where seven in ten people make a living from the land, the announcement landed with the weight of a good rain. Ethiopia will partner with Nigeria’s Dangote Group to build one of the world’s largest urea fertilizer complexes in Gode, in the Somali Regional State—an arid corner better known to many Ethiopians as a frontier than a factory town. The deal, framed as a bid for “food sovereignty,” is also a test of whether East…

Rwanda's Bold Move: A New Chapter in Migration Policy In a world where migration is often a contentious topic, Rwanda has taken a significant step that reflects both its historical context and its current ambitions. A recent agreement with the United States has paved the way for Kigali to accept up to 250 migrants deported from the U.S. This partnership, which was formalized in June, marks a deepening of relations between the two nations and underscores Rwanda's evolving role as a hub for humanitarian support. The…

In a significant move, Resolute Mining, an Australian-based company, has agreed to pay a hefty sum of $160 million to the Malian government in a bid to settle an ongoing tax dispute. This decision comes on the heels of a troubling incident where Mali's authorities detained the company’s CEO, Terence Holohan, along with two other staff members during their trip to Bamako for what was supposed to be routine negotiations with the current regime. As tensions rise, the spotlight on foreign mining operations in Mali grows ever…

In a key move for Somalia's financial future, Finance Minister Bihi Iman Egeh inked a pivotal debt relief deal with Denmark's representative, Ambassador Steen Sonne Aderson, in the bustling city of Mogadishu on a vibrant Monday. This latest agreement reflects the positive outcomes from the notable discussions held by the Paris Club back in March 2024, another feather in the cap of Somalia’s ongoing economic reform crusade. The ministry enthusiastically declared, "The national reform efforts and debt forgiveness successes…

Somalia's President, Hassan Sheikh Mohamud, gathered with Germany's Chancellor, Olaf Scholz, in Berlin from November 5-6, 2024. The photo credits: Hannes P. Albert / picture alliance. Recently, Germany and Somalia unveiled a new agreement, sparking varied reactions and opinions. Historically, similar attempts to repatriate migrants have often faced challenges and shown limited success, as noted by several experts. On November 6, after their meeting in Berlin, Scholz and Mohamud declared their intention to return more…

In a significant move, Somalia has announced the cancellation of over $1.1 billion in loans, roughly a quarter of their outstanding debt. Wow, isn't that a breath of fresh air? This declaration follows a string of similar commitments by lenders, freeing Somalia from financial shackles. The burden originated chiefly during Siad Barre's authoritarian rule, the aftermath of which led to civil chaos lasting three decades. The saga of heavy debt continued to loom large until now. President Hassan Sheikh Mohamud described the…

Mogadishu (AX) — In a significant move towards bolstering Somalia's defense potential, Somali Defense Minister Abdulkadir Mohamed Nur shook hands on a financial defense pact with Turkey's Defense Minister, Yaşar Güler.The ceremonious event held in Turkey on Monday saw representatives from both Mogadishu and Ankara converge, underscoring the agreement's potential to both enhance Somalia’s defense infrastructure and elevate the two nations’ partnership.According to reports from Somali state-owned outlets, this fresh accord…

Mogadishu— Somalia’s Foreign Minister Ahmed Moallim Fiqi dismissed immediate negotiations with Ethiopia over their maritime squabble, blaming Ethiopia's steadfastness over its controversial deal with North Western State of Somalia. The heart of the conflict lies in an agreement struck in January 2024, where North Western State of Somalia granted Ethiopia a 50-year lease over 20 kilometers of coastline. This pact would provide landlocked Ethiopia with coveted sea access for commercial and naval use. In return, Ethiopia was…

On Friday in Berlin, German and Kenyan officials inked a pact designed to attract skilled workers to Germany and streamline the repatriation process for Kenyans who aren’t eligible to stay in the country.This deal came to fruition during Kenyan President William Ruto's visit to Germany, where he had discussions with German Chancellor Olaf Scholz.Reflecting on the significance of the agreement, Scholz commented, "This is a pivotal step that symbolizes Germany and Kenya's partnership in migration matters." "It aids us in…