Browsing Tag

deal

U.S. Considering North Western State of Somalia Recognition for Military Base Deal

Mogadishu (AX) — In a narrative akin to geopolitical chess, discussions between the United States and the semi-autonomous region of North Western State of Somalia are reportedly in motion. The whispers of diplomatic maneuvers trace back to a possibility as bold as it is controversial: the potential U.S. recognition of North Western State of Somalia in exchange for the establishment of a military base in Berbera, a locale of undeniable strategic value perched on the Gulf of Aden. This conjecture was recently…

Egypt and Germany Poised to Strike Preemptive Energy Deal

Imagine being a country with a burgeoning energy sector, only to face a sudden, jolting halt. This has been Egypt's narrative recently, as it navigates a precarious path in securing energy stability. The latest word from reliable corridors is that Egypt is deeply engaged in negotiations with Germany to lease a state-of-the-art liquefied natural gas (LNG) unit. Why now? They forecast a potential surge in demand in the upcoming months. Anticipating needs before they become exigencies is crucial, isn't it?…

NNPC and Dangote Negotiate New Naira-for-Oil Deal

In what seems to be an intricate dance of negotiations, the Nigerian National Petroleum Company (NNPC) Limited has recently confirmed that discussions are underway for a fresh naira-for-crude agreement with the Dangote Petroleum Refinery. This comes at a time when many Nigerians are anxiously holding their breath, following murmurs and yet-to-be-silenced rumors about potential hikes in petrol prices. Could these ongoing talks bring relief, or are they merely casting longer shadows of uncertainty over the…

ONLF Threatens Resurgence if 2018 Peace Deal Falters

Mogadishu (AX) — The intricate tapestry of Ethiopian politics is once again at a crossroads, with the Ogaden National Liberation Front (ONLF) standing poised on the verge of conflict. This tension unfurls from a central grievance: the perceived breach of a peace agreement by the Ethiopian government. Signed in 2018, during the nascent tenure of Prime Minister Abiy Ahmed, the accord promised autonomy over resources for the Somali region, an acknowledgment of historical injustices, and a commitment to foster free trade…

Canada and Ghana Forge Landmark Air Transport Deal

Canada and Ghana Forge New Paths in Aviation Cherished ideals of connectivity and progress gain momentum as Canada's Minister of Transport and Internal Trade, the Honourable Anita Anand, proclaimed an agreement set to redefine skies between Canada and Ghana. This accord grants wings to airlines from both nations, permitting them to operate scheduled passenger and cargo flights. Travel and trade are about to take flight in a whole new way. Increased Airline Flexibility and Competition Under the fresh…

Rwanda Seeks $63 Million After UK’s Migrant Deal Collapse

In an intriguing turn of international relations, Rwanda has set its sights on acquiring a substantial £50 million ($63.62 million) in compensation from Britain. This follows a dramatic disruption in a controversial asylum agreement, as revealed by an insider linked closely to the corridors of the Kigali government. The juxtaposition of politics and diplomacy often brings up questions: What happens when promises are broken across borders? The demand for compensation…

Ghana Suspends Gold-for-Oil Deal Amid Central Bank Leadership Change

In a world that's often as unpredictable as a winding road through hilly terrain, Ghana finds itself at a critical juncture. The nation's central bank has taken a bold step by pausing its innovative but tumultuous program of using gold to purchase oil. This decision arrives amidst expectations that the cedi, Ghana's steadfast currency, will find its footing after a stormy year. Anecdote: I remember sitting at a small café in Accra, drinking a freshly brewed cup, when I overheard a conversation about…

Israel Halts Gaza Aid to Urge Hamas Toward Ceasefire Deal

On a crisp Sunday morning, the sun peeked over the horizon, casting its golden hue over the Gaza Strip. But this symbolic new dawn was quickly overshadowed by the stark reality of an unyielding blockade. Israel, firm in its resolve, halted the entry of goods and essential supplies into the beleaguered territory. The catalyst behind this decisive action was a lingering conflict with Hamas over extending a tenuous ceasefire. Within the echo chamber of international diplomacy, tensions simmered. Egypt, a…

Dangote Refinery Lands Major Crude Deal with African Oil Supplier

Picture this: A colossal refinery standing tall in Nigeria, not just a symbol of industrial progress but an emblem of a nation's ambition to be a giant in the petrochemical industry. The Dangote Refinery, brainchild of Africa's renowned business magnate Aliko Dangote, is making strategic and daring moves in the global oil market. Their latest venture? A million-barrel crude oil shipment expected from Algeria in mid-March, marking an essential pivot in their crude sourcing philosophy. In the…

Kenya Nearing Agreement for $1.5 Billion Deal with UAE

It's said that history doesn’t repeat, but it often rhymes. Can this phrase apply to Kenya's economic journey? Recently, whispers from unnamed insiders suggest a major shift in financial strategy. Insider sources, who chose to remain anonymous, leaked that the promised loan to Kenya will be delivered in full rather than in stages as originally intended. Such a financial influx at one go is quite unconventional, isn’t it? Not much has been said publicly; neither Kenya's Treasury Secretary John Mbadi nor the UAE…

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