Browsing Tag

east

Energy Buyers Shift Focus to Africa Amid Rising Middle East Tensions

The escalating conflict in the Middle East is prompting a significant shift in oil procurement strategies among European and Asian buyers, who are increasingly turning to African oil-producing nations. These countries not only offer lower insurance costs but also promise more consistent delivery timelines compared to the high-risk regions of the Middle East. According to industry analysts, leading African energy players—namely Nigeria, Libya, Angola, Gabon, Mozambique, Namibia, and Tanzania—are being regarded as safer…

AU welcomes China-Pakistan initiative to restore Middle East stability

AU welcomes China-Pakistan initiative to restore stability in Middle East The African Union (AU) on Friday voiced support for the China-Pakistan five-point initiative aimed at easing the current peace and security crisis in the Gulf and Middle East. In a statement, AU Commission Chairperson Mahmoud Ali Youssouf described the proposal as “a timely and constructive contribution” to wider international efforts to reduce…

African Union Welcomes China-Pakistan Initiative to Restore Middle East Stability

Friday April 3, 2026 The African Union (AU) on Friday praised the China-Pakistan five-point initiative aimed at easing the current peace and stability crisis in the Gulf and Middle East. In a statement, AU Commission Chairperson Mahmoud Ali Youssouf said the plan “constitutes a timely and constructive contribution to ongoing international efforts to de-escalate tensions and advance a political and diplomatic pathway.” He said the initiative’s “emphasis on an immediate cessation of hostilities, the protection of civilians,…

Ethiopia Faces Energy and Fertilizer Shock From Middle East Turmoil

By Omar M. ElmiWednesday April 1, 2026 A war far from Ethiopia’s borders is already sending tremors through the country’s economy. The fighting in the Middle East is inflicting heavy human and material losses, but its reach is extending well beyond the battlefield, with disruptions that could hit trade, fuel supplies and food production in countries thousands of kilometers away. Ethiopia, landlocked and home to more than 120 million people, sits squarely in that danger zone. The risk is rooted in a basic structural…

Somalia: Hormuud Telecom and GIZ Sign MoU to Boost Inclusive Digital Economy in East Africa

Somalia: Hormuud Telecom and GIZ Ink MoU to Bolster Inclusive Digital Economy in East Africa   MOGADISHU, Somalia, March 31 - Somalia’s biggest telecom operator, Hormuud Telecom, has joined forces with the German Agency for International Cooperation (GIZ) in a new agreement aimed at widening access to the digital economy in Somalia and across East Africa. The Memorandum of Understanding, signed Tuesday in Mogadishu, is intended…

G7 ministers address financial fallout from Middle East war

With energy markets jolted and anxiety spreading through the global economy, G7 finance ministers and central bank chiefs met today to confront the fallout from the war in the Middle East. The crisis escalated after the United States and Israel launched strikes on Iran in late February. Tehran responded by targeting crude-exporting states across the region and stopping most shipments moving through the Gulf. That blow to supply has driven oil and natural gas prices sharply upward, sending disruptive aftershocks through…

Israel says it faces first incoming missile from Yemen as Middle East war intensifies

Israel reported a first-ever missile attack from Yemen early Saturday, as air-raid sirens sounded for the third straight night across parts of the country—amid an escalating war that has already reshaped regional shipping and battered global markets. Shortly after dawn, Israel’s military said a missile was launched from Yemen toward Israeli territory. The Houthis—an Iran-backed rebel movement that has governed Yemen’s capital, Sanaa, since 2014—have not yet acknowledged responsibility. Siren alerts were reported around Beer…

Trump Considers Deploying 10,000 Additional U.S. Ground Troops to Middle East

Trump Mulls Sending Up to 10,000 More U.S. Ground Troops to the Middle East WASHINGTON — Confronting mounting regional tensions, Donald Trump is weighing a plan to send as many as 10,000 additional U.S. ground troops to the Middle East, on top of more than 6,000 personnel already en route, according to officials familiar with the deliberations. The prospective deployment is intended to reinforce the American military…

Kenya considers military escorts for export ships bound for Middle East

by Frankline Oduor Thursday March 26, 2026 Kenya Navy officers conducting a joint maritime operation in the Western Indian Ocean, March 18, 2025. Photo KDF As fighting in the Middle East continues to unsettle major sea lanes, the government is weighing a tougher response: using military-supported maritime security to protect Kenyan exports bound for the region. Industry Principal Secretary Juma Mukhwana said in an interview on NTV on Tuesday that the State is considering special escort arrangements for cargo vessels…