Browsing Tag

exports

Somalia targets China seafood exports after zero-tariff policy opens market

Axadle Editorial Desk
Somalia
Wednesday April 29, 2026 Mogadishu (AX) — Somalia is poised to widen its seafood exports after China unveiled a zero-tariff policy for imports from 53 African countries, a move that could reshape the country’s fisheries sector and give a lift to economic growth. The policy, which takes effect on May 1, will allow Somali marine products to enter Chinese markets duty-free, removing a major obstacle that has long held back direct trade. Fisheries Minister Ahmed Hassan Aden said the arrangement opens a direct route to one of…

U.S. partially lifts Venezuela sanctions, opening doors for oil exports

Abdiwahab Ahmed
World
U.S. eases some Venezuela oil sanctions, opening trade for American firms WASHINGTON — The Trump administration has lifted some sanctions on Venezuela’s oil industry to make it easier for U.S. companies to move and process the country’s crude, even as broader restrictions on production remain in place, according to the Treasury Department. The Treasury’s Office of Foreign Assets Control issued a general license authorizing U.S. entities to buy, sell, transport, store and refine Venezuelan-origin oil. The measure is intended…

Ethiopia Opens Ogaden LNG Plant, Shifts From Exports to Domestic Energy

Axadle Editorial Desk
East-Africa
Ethiopia opens first phase of Ogaden LNG project, pivoting from exports to power its own growth CALUB, Somali Region — Under a rinsed-blue sky and a brisk Ogaden wind, Ethiopia on Thursday inaugurated the first phase of its long-delayed liquefied natural gas project, a move that signals a decisive turn inward: from chasing export windfalls to fueling its own power grid, factories, and farms. Prime Minister Abiy Ahmed stood before an array of valves and silvered pipes at the Calub gas field and called the Ogaden LNG project…

Kenya Establishes National Committee to Stabilize Miraa Prices and Boost Exports to Somalia

Axadle Editorial Desk
East-Africa
NAIROBI, Kenya (AX) — A fresh initiative is underway with Kenya inaugurating a revamped pricing panel to tackle the plummeting cost of miraa, known as khat in Somalia. This vital cash crop supports thousands of farmers, with the strategy centered around boosting exports to Somalia, the predominant purchaser of Kenyan miraa. The panel's mission is clear: to stabilize miraa and muguka prices and enhance farmer revenues. The nine-strong committee, a brainchild of the Agricultural and Food Authority (AFA), boasts members from…

Somalia’s ISIS Branch Finances Activities Through Gold Exports, Accumulating Up to $6 Million

Axadle Editorial Desk
Somalia
ISIS Somalia Branch Bolsters Operations with Gold Sales, Reeling in Up to $6 Million AXADLE, Somalia — Nestled in the rugged northeastern Bari region, the Islamic State's Somalia faction has found a lucrative gig — hawking locally mined gold, according to various accounts. Since 2022, these golden ventures have lined the group's coffers to the tune of an estimated $6 million, the International Crisis Group reports. The gold trade orchestrated by ISIS-Somalia shines a light on not just their economic maneuvers but also their…