Browsing Tag

funds

Trump Administration Seeks to Cut UN Peacekeeping Funds, Citing Failures in Mali and DR Congo

Reevaluating U.N. Peacekeeping Funding: A Proposal from the White House Budget Office The recent proposal from the White House budget office to cut funding for United Nations peacekeeping missions has sparked significant concern. The reasoning behind this decision primarily hinges on what officials describe as operational failures in regions such as Mali, Lebanon, and the Democratic Republic of Congo. These areas have faced numerous challenges, making the efficacy of peacekeeping missions a point of contention. Can…

AfDB Funds Propel Ethiopian Airlines’ Bold Expansion

In a significant step forward for infrastructure and economic development in Ethiopia, a memorandum of understanding was signed for the ambitious Bishoftu International Airport Development Project. This collaboration marks a new chapter, not just for Ethiopian connectivity but for the entire African aviation landscape. The ceremony was graced by the presence of Mr. Mesfin Tasew, the visionary CEO of Ethiopian Airlines Group, and the insightful Mrs. Nnenna Nwabufo, Vice President for Regional Development,…

Somali MP Accuses Government of Misallocating Army Funds

Mogadishu (AX) — In a passionate appeal to the heart of Somalia's legislative body, a federal lawmaker, Abdullahi Farah Mire, has turned the spotlight on what he describes as a troubling diversion of national security funds. At the core of his concern is a claim directed at officials within the orbit of President Hassan Sheikh Mohamud. The essence of Mire’s charge is both critical and evocative: he alleges that money intended for the national fight against the pervasive threat of Islamic State militants is being…

Trump Administration Withdraws $400M in Columbia Funds, More Cuts Loom

Columbia University Faces Federal Funding Cuts Amidst Controversy In a surprising twist last Friday, the Trump administration announced its decision to cut approximately $400 million worth of federal contracts and grants to Columbia University. This substantial figure accounts for nearly 8% of the university’s current $5 billion portfolio in federal grant commitments. A bold move, isn’t it? Yet, it wasn't entirely unexpected given the atmosphere of heightened scrutiny towards educational…

Somali Party Alleges Corruption, Seeks Missing Funds Inquiry

Mogadishu (AX) — In the bustling yet often turbulent landscape of Ethiopian politics, the Somali Federalist Party has raised an alarming voice against what they see as a rising tide of corruption and mismanagement within the Somali region of Ethiopia. These accusations, centered on financial malpractice, ring alarm bells about the worsening quality of life for the inhabitants of the area. As the saying goes, "Integrity is doing the right thing, even when no one is watching." Yet, the party contends that the integrity of…

Africa Sees $950 Million in Airline Funds Tied Up, Reports IATA

Mogadishu (AX) — In a revelation that can ruffle some feathers, the International Air Transport Association (IATA) brought to light that a hefty $950 million of airline moolah is stuck in African nations. This chunk represents a whopping 57% of the world’s aviation money that’s caught in a web due to scarce foreign exchanges. During a pow-wow at the African Airlines Association's big annual shindig in Cairo, IATA's head honcho, Willie Walsh, sounded the alarm, pleading for someone to get a move on and fix this jam!—astating…

Kenya’s President Urgently Appeals for Funds to Support Haiti Mission

Haiti's Prime Minister Garry Conille has jetted off to Kenya, engaging in discussions with President William Ruto. Kenya has urgently sought global financial backing to keep their police forces active in Haiti, an operation extended by another year. Since its launch in June, this international security mission aims to curb the violent grip gangs have on Port-au-Prince and its outskirts. The UN reports over 3,600 fatalities in Haiti this year alone, with more than 100 being children, and half a million individuals have…

Marine Le Pen Faces Trial for Alleged Misappropriation of EU Funds

The trial of Marine Le Pen, the prominent leader of France's far-right National Rally (RN) party, is now underway. She's facing accusations of misusing European Union funds but maintains that she will demonstrate her innocence throughout the proceedings. Le Pen, along with the RN and twenty-four others—ranging from party officials to former politicians and parliamentary aides—stands accused of diverting funds intended for European Parliament operations to pay personnel engaged in party work. At that time, the party was…

Somali area raises funds for victims of atrocities in Tigray

Ethiopia's Somali region raises funds for victims of Tigray atrocities JIGJIGA, Ethiopia - Leaders from the Somali region of Ethiopia have launched a fundraiser aimed at raising funds for victims of atrocities in the Tigray region, as part of one of the latest humanitarian efforts to reduce loss of life possible due to hunger. In the past seven months, the Tigray region has been the scene of…

Somalia: Hirshabelle state hits FGS once more over lack of donor funds

Somalia: Hirshabelle state hits FGS again over lack of donor funds MOGADISHU, Somalia - Somalia's regional state of Hirshabelle has accused the federal authorities of performing on "self-defense" to distort information about lack of donor funds, which ought to alleviate floods and droughts in a number of components of the nation At the least $ 135 million was despatched to Somalia primarily by…

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