economic

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,…

In the bustling heart of Harare, a disconcerting trend is unfolding before our very eyes. Zimbabwean retailers are trimming their sails, downsizing their operations in response to relentless economic shocks—a clear sign that all is not well in this Southern African nation. As reported by NewZimbabwe.com, the retail landscape is morphing into a ghost town. Stores once vibrant and bustling with life now stand as mere husks of their former selves. Take, for instance, the OK Zimbabwe outlets in Marimba, Hillside, Kuwadzana 2…

In the sprawling and untamed landscapes of Somalia, livestock isn't just a commodity—it's the lifeblood of the economy. Picture this: a whopping 70% of the country's exports are tied to camels, goats, cattle, and sheep. It's a pastoral symphony harmonized around the rhythm of animal trade. But as serene as it sounds, this melodious arrangement hit a discordant note in 2023, when nearly $1 billion flowed primarily into Saudi Arabia's coffers from Somali livestock exports. However, this paradise of pastoral profits faces a…

In the spirited heart of Nairobi, amidst celebrations at Uhuru Park on January 1, 2025, the air buzzed with more than just fireworks and selfie snaps. People eagerly embracing the New Year couldn't help but feel a tinge of optimism about Kenya's economic prospects. As folks captured memories with friends and family, somewhere in the background, a pivotal announcement also caught the attention. (Photo by Joy Nabukewa/Xinhua) With the economic crystal ball laid bare by the National Treasury, Kenya stands on the cusp…