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In a world where the average global lending rate hovers below 10%, the financial landscape in many African economies contrasts sharply, with interest rates soaring well above that threshold. This precarious situation creates a challenging environment for both businesses and individuals who rely on credit, making financial mobility seem an elusive dream. For many, access to loans is not merely a convenience; it’s a vital lifeline. Imagine a small business owner in Nigeria, eager to expand but faced with…

As the energy of Paris Saint-Germain (PSG) resonates across Europe, the team finds itself on the cusp of greatness, inching closer to yet another Champions League final. Their recent clash with Arsenal in the first leg of the semifinals, which concluded in a tightly-contested 1-0 victory, is a testament to their resilience and growth. Ousmane Dembele opened the scoring with a spectacular goal in the fourth minute, swiftly sending PSG into the lead. It was a moment of sheer thrill for the Parisian club, and yet, with…

The High Stakes of Elon Musk’s Political Investment Elon Musk, the visionary behind Tesla, made bold bets in the political arena during the Trump campaign, investing what many estimated to be hundreds of millions of dollars. At the time, many observers felt this was a wise expenditure, a calculated risk that could yield substantial returns for both Musk and his electric vehicle empire. Dan Ives, a Wall Street analyst from Wedbush, encapsulated this sentiment shortly after Trump’s election victory. He referred to Musk’s…

The Evolution of Car Manufacturing: Past Innovations and Future Challenges Have you ever paused to consider the humble beginnings of the modern automobile? From a curious contraption in 1885 Germany to a necessity found in nearly every driveway today, cars have come a long way. Karl Benz first introduced the world to the gasoline-powered car with a combustion engine. It's interesting how such a small beginning has shaped more than a century's worth of innovation and industrial progress. As the saying goes,…

Hargeisa (AX) – In the dynamic world of international relations, every relationship begins with a spark. North Western State of Somalia's Foreign Minister, Abdirahman Dahir Aden, provides a glimpse into the burgeoning interactions between North Western State of Somalia and the United States, likening them to the delicate first movements in an intricate dance. This budding relationship hinges on shared goals, with North Western State of Somalia's unwavering quest for sovereignty at the forefront. In an illuminating interview…

Edited By Ali MusaAxadle Times International–Monitoring. The Disappearing Lifeline: How Daawo River's Premature Drying Impacts Gedo Region Mogadishu (AX) — Nestled in the heart of Somalia's Gedo region, the Daawo River isn't just a waterway; it's the lifeline of an entire community. This year, an alarming turn of events has unfolded as the river has dried up unexpectedly early, leaving a trail of challenges for thousands who depend on its waters for drinking, irrigation, and sustaining their livestock. A Sudden…

Food inflation looms as a profound challenge for numerous African nations, exacerbating existing economic hardships and amplifying food insecurity for millions of citizens. Life in various parts of Africa is already mired in complexity, as many countries grapple with systemic issues. With the spike in food prices, the situation is akin to salt on an open wound—undermining not only household well-being but threatening the broader economic landscape. Consider a family struggling to make ends meet, now facing the relentless…

Democrat Kamala Harris and Republican Donald Trump are actively traversing the campaign landscape, making their appeal to voters ranging from Georgia to Pennsylvania. The excitement is palpable as early voting has begun, drawing engaged citizens to the polls ahead of the crucial November 5 presidential election. In key battleground states, Ms. Harris and Mr. Trump find themselves in a neck-and-neck race, with many voters opting to cast their ballots ahead of time, either through mail or in-person voting. With only 17 days…

Hargeisa (AX) — In a surprising twist, the North Western State of Somalia Electoral Commission has slapped a hefty penalty of 10 million North Western State of Somalia Shillings on both the Kulmiye and Waddani parties. Their crime? Jumping the gun on electioneering before the green light lit up. Tuesday brought forth revelations from the Commission's Ethics Committee, highlighting a breach of the sacred electoral code. The Ethics head honcho declared, “Both Wadani and Kulmiye felt the wrath of a 10 million fine each,…

FILE - Kenyan bobbies are on the beat as part of a peace mission stroll in Port-au-Prince, Haiti, July 17, 2024. Nairobi, Kenya – Six hundred more Kenyan police officers hit the road for a UN-supported gig in Haiti, looking to chill the wild gang scene there by early November, Kenya's top cop stated on Saturday. Last Friday, President William Ruto laid down the law, saying more cops would join the cause after chewing the fat with Haiti’s interim Prime Minister, Garry Conille. They both nudged the global community to pitch…