Browsing Tag

deal

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…

American Inmate Released in Swap Deal with Russia

In a significant move signaling potential thawing relations, Russia has released a U.S. citizen from prison following a historic visit by a member of President Donald Trump's administration. The White House has interpreted this development as a positive gesture towards resolving the ongoing conflict in Ukraine. Marc Fogel, who had been incarcerated since 2021 on drug-related charges, was set free as part of what the administration has described as a "swap." Details concerning the specifics of this arrangement remain scarce.…

Somali Official Finalizes Pilgrimage Quota Deal in Saudi Arabia

The price tag for Somali pilgrims heading to the Hajj in 2025 has shot up to a whopping $4,604. This price surge reflects the inflating costs of travel and accommodation in Saudi Arabia, as per the Somali Ministry of Endowments and Islamic Affairs. This fee is meant to cover everything from transportation and lodging to the logistics of organizing such a pilgrimage both in Somalia and once they reach the holy land of Saudi Arabia. While officials are making a hullabaloo about their initiatives to offer top-notch services,…

Australian Mining Company Settles $160 Million Deal for CEO’s Freedom in Mali

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…

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