economic

The Economic Seesaw: Egypt's Inflation Dynamics A fascinating piece of news has recently emerged from the cradle of civilization—Egypt. The country's statistics office unveiled that February marked a significant dip in the inflation rate, which shrank to an annual 12.8%. This is notably lower compared to January's staggering 24%. Imagine this: a country that only a year ago grappled with an economic downturn is now witnessing a lighter inflationary burden. Some may ask, "What sparked this turnaround?" To fully…

Not long ago, Russia stood as a formidable powerhouse in the global arms market. However, recent developments have turned the tide. As the conflict in Ukraine intensifies, the demand for Russian weapons has sharply declined. But why? Historically, Russia's arms were sought after by many nations, with a reputation for reliability and strength. Yet, as international tensions flared and political alliances shifted, these exports are now dwindling. The question is, how did such a giant industry face collapse so…

On the vast and dynamic continent of Africa, women play an indispensable role; they form a significant portion of the population, yet often grapple with structural hurdles that dampen their ability to engage completely in the formal economic scene. But don't these barriers beg the question—just how much economic power and potential are we collectively missing out on by limiting women's full participation? As we pause today to observe International Women's Day, it's a…

Recent findings emerging from a survey spearheaded by Afrobarometer in collaboration with local partners present compelling insights into public sentiment toward the judicial system in Liberia. The data reveals a notable rise in support for the court system, especially since the establishment of the Office for War and Economic Crimes by President Joseph Boakai. This favorable shift is particularly striking when juxtaposed with sentiments recorded in 2022. What might be driving this renewed faith in the judiciary? As we…

In an unequivocal declaration, Somalia's opposition coalition has castigated President Mohamud's government, accusing it of forsaking the nation's federal architecture and diminishing vital constitutional checks and balances. To those familiar with Somalia's intricate political landscape, might this be the rubicon we had hoped to avoid? "The president has reduced the constitutional framework to mere window dressing," the coalition’s statement proclaimed. It continues, "Such actions flagrantly breach…

Somali President Arrives in Uganda for Talks on Security and Economic Ties KAMPALA — In a gesture that underscores the evolving dynamics of East African diplomacy, Somali President Hassan Sheikh Mohamud touched down in Uganda this past Friday. Invited by Ugandan President Yoweri Museveni, the visit highlights the determination of both leaders to fortify ties—especially against a backdrop of regional upheaval and economic aspirations. The encounter between Mohamud and Museveni was not merely…

The relentless pillage of yellowfin tuna in Somali waters is a troubling saga, unravelling as a grim tale affecting local livelihoods and looming ominously over global food security. The ripples of this exploitation stretch far and wide, touching ecosystems and economies in profoundly unsettling ways. But, how did this come to pass? One can't help but wonder about the brazen illegal activities by Chinese vessels, which have become a stark symbol of unchecked ambition and disregard for maritime laws. These vessels prowl…

Mogadishu (AX) – Whispers of ambition echoed through the grand halls of Riyadh as Somali government officials met with delegates from the International Monetary Fund (IMF) this past Monday. Their agenda? To chart a new course for Somalia’s burgeoning economy, while unlocking the potential of its untapped resources. Leading this quest was Finance Minister Bihi Iman Egeh, at the helm of a comprehensive team comprising members from crucial sectors: the offices of both the President and Prime Minister, Ministry of Finance,…

In a striking commentary on international trade dynamics, U.S. President Donald Trump acknowledged that the extensive tariffs he has enacted against Mexico, Canada, and China may induce "some pain" for American consumers. This admission comes at a time when global market reaction has prompted widespread apprehension that these levies could stifle economic growth and rekindle inflationary pressures. Returning from his Mar-a-Lago residence in Florida, Mr. Trump indicated a willingness to engage with the leaders of Canada and…

Hargeisa (Axadle Times) – North Western State of Somalia’s President, Abdirahman Mohamed Abdillahi Irro, stepped off the plane in Hargeisa on a crisp Thursday morning, concluding a whirlwind three-day official journey to the United Arab Emirates. His mission? To cultivate investment opportunities that promise to breathe life into North Western State of Somalia’s natural resources, invigorate agriculture, and most crucially, carve out promising new pathways for its burgeoning youth. It begs the question: Can this small,…