foreign

In the second quarter of 2025, Zimbabwe's stock market witnessed a remarkable surge in foreign participation, signaling a renewed wave of investor interest. As economic fundamentals strengthen and the country stabilizes its new gold-backed currency, many are beginning to observe the potential that Zimbabwe holds. But what does this really mean for the economy and those involved? According to the latest quarterly newsletter from the Zimbabwe Stock Exchange (ZSE), foreign investor activity climbed to an impressive…

In today's complex global economy, many nations—especially those in Africa—are facing significant challenges due to inadequate foreign reserves. Countries grappling with mounting debt, soaring inflation, and unstable currencies often find themselves ensnared in a web of vulnerabilities. The situation is not simply a statistic but a reality that affects daily life for millions. Picture a government struggling to prop up its currency during an economic crisis. The ability to stabilize the national currency becomes…

Mogadishu (AX) — In a heartfelt appeal to the Somali diaspora, Abdisalan Abdi Ali, the Minister of Foreign Affairs and International Cooperation, has urged community members living abroad to amplify their support for the Somali National Army (SNA). This initiative aims not only to bolster national security but also to foster a more stable environment in Somalia. During an inspiring gathering hosted by the Ministry’s Department of Diaspora and Communities on Tuesday, Minister Ali took a moment to acknowledge the invaluable…

Iran remains steadfast in its commitment to its nuclear program, including uranium enrichment, despite facing "significant" damage to its facilities following recent US strikes, according to Foreign Minister Abbas Araghchi. While acknowledging the serious impacts of these strikes, Mr. Araghchi told Fox News' Special Report with Bret Baier, "Enrichment is currently halted because the damages are indeed serious." However, he emphasized, "We cannot relinquish our right to enrichment; it is a milestone achieved by our own…

In our complex and ever-evolving world, financial stability often hangs on a delicate balance. The reserves held by nations—including their gold holdings and foreign currencies like the US dollar and euro—serve as a crucial financial buffer. But what do these reserves truly signify in a global context? Reserves are not simply numbers in a bank statement; they represent a nation's economic strength and preparedness. This significance is beautifully encapsulated in the international rankings developed by…

Bosaso (AX) — In a significant development, authorities in Northeastern State, a semi-autonomous region of Somalia, have successfully intercepted a cargo ship suspected of transporting a substantial shipment of weapons and military vehicles. This vessel was reportedly en route to Mogadishu, the nation's bustling capital. Described as foreign-flagged, the ship was seized near the scenic coastal area of Bareeda in the Gardafuu region. Local officials have confirmed that the Northeastern State Maritime Police Force (PMPF) is…

MOGADISHU, Somalia - Coordinated Efforts Lead to Key Advances Against Al-Shabaab In a significant development in the ongoing struggle against Al-Shabaab, at least 15 fighters, including some key commanders, were eliminated in Somalia's Hiiraan region. This collective effort highlights the vital coordination between the Somali National Army (SNA), US Africa Command, and the African Union Support and Stabilization Mission in Somalia (AUSSOM). The operation, marked by precision and…

Malabo (AX) — In a significant display of collaboration and determination, Somalia’s Minister of Foreign Affairs and International Cooperation, Abdisalam Abdi Ali, participated in the African Union (AU) Mid-Year Coordination Summit (MYCM) held this past Sunday in picturesque Malabo, Equatorial Guinea. This annual summit isn't just a gathering of leaders; it's a vibrant testament to Africa's collective aspiration for a brighter future. This high-level summit drew together dignitaries from across the continent, including…

In today’s complex economic landscape, low reserves have emerged as a significant vulnerability for many African nations, impacting them both economically and politically. It raises important questions: How do these nations navigate such precarious circumstances? What are the broader implications for their populations? The fragility of these economies is reflected in various international rankings, including the Global Firepower Index. This index evaluates the strength of nations by measuring military…

The Significance of Foreign Exchange and Gold Reserves in Africa In today's interconnected world, the economic decisions of one country can have far-reaching consequences for another. For many African nations, maintaining high foreign exchange and gold reserves has become essential not just for economic stability but also for enhancing geopolitical influence and resilience. These reserves serve as a crucial safety net against the unpredictable tides of the global economy, which can often leave developing nations…