global

As the African Union Transition Mission in Somalia draws to a close, there is a recognition of the need for Somalia to assume full responsibility for its own security. The coalition discussed the financial and operational challenges involved in transitioning from the African Union Transition Mission in Somalia to a new support mission. They pledged to assist Somalia in securing funding for this mission and improving its national security capabilities. Key discussions at the meeting centered around supporting the Somali…

Somaliland is considering forming new partnerships with China, Iran, and Russia due to lack of Western support and potential opposition party victories, as per a report by the Somaliland government. Military experts in Somaliland believe better engagement by Western nations could prevent this shift in alliances. The report highlights escalating tensions in Lasanood, a city controlled by terrorist groups that have strengthened following support from Somalia. The conflict in Lasanood involves soldiers trained by Eritrea and…

Hargeisa (AX) - The government of Somaliland reaffirmed its dedication to finalizing the Memorandum of Understanding (MoU) with Ethiopia within the next two months, despite international pressure on Prime Minister Abiy Ahmed to scrap the agreement.Speaking to Deutsche Welle, Somaliland's Minister of Foreign Affairs, Dr. Isse Keyd Mohamud, emphasized that discussions between the two nations are still ongoing. Technical committees have been set up to streamline the process of reaching a consensus between President Muse Bihi…

On April 24, 2024, Mohamud Beenebeene, the Minister of Planning, Investment, and Economic Development, heralded a significant gathering. | Photo: X/ @MoPIED_SomaliaThe assembly beckoned a diverse crowd: international and domestic magnates, dealmakers, savants, hustlers, and expatriate allies of Somalia, all united to weave networks and chase opportunities for investment and the economic resurrection of their homeland.In Mogadishu, Somalia's pulsing heart, a two-day investment summit commenced on Wednesday, summoning global…

In the face of recent economic turmoil and uncertainties, Somalia has a compelling opportunity to explore the potential benefits of integrating Bitcoin into its national financial strategy. This innovative digital currency could not only serve as a safeguard during turbulent economic times but also act as a catalyst for strengthening Somalia's resilience against future shocks. Somalia, along with many other developing nations, faces a multitude of challenges that can significantly disrupt its economic stability. These…

Salaam Bank Uganda has received the prestigious title of Best New Islamic Bank at the IFN Global Awards 2024. This honor recognizes the bank's commitment to providing innovative and customer-centric Shariah-compliant financial services. Additionally, it acknowledges the bank's substantial contributions to the growth of Islamic finance in Uganda. The award ceremony took place in Dubai on April 25, where Salaam Bank Uganda's Chairman and CEO accepted the accolades. Mr. Ibrahim M. Abdirahman expressed gratitude for the…

This Monday marks one year since conflict erupted in Sudan, sparked by a power struggle between rival generals: General Abdel Fattah al-Burhan leading the army, and General Mohamed Hamdan Dagalo, also known as Hemedti, commanding the RSF paramilitary.