Browsing Tag

grow

Citi, Standard Chartered Evacuate Dubai Offices; HSBC Closes Qatar Branches Amid Security Concerns

Dubai — Citigroup and Standard Chartered have told staff in Dubai to leave their offices and work from home as Gulf lenders step up precautions after Iran threatened to strike regional banking interests linked to the United States and Israel, according to people familiar and a staff memo. Citigroup instructed employees at the Dubai International Financial Centre (DIFC) and in the Oud Metha neighborhood to evacuate and work remotely until further notice, a memo reviewed by Reuters showed. A Citi spokesperson said the bank is…

Egypt, Turkey discuss Libya, Somalia, Sahel security amid rising regional tensions

Egypt, Turkey step up African security coordination in Cairo talks on Libya, Horn of Africa and Sahel CAIRO — Egypt and Turkey held new diplomatic consultations in Cairo on Wednesday focused on instability in Libya, the Horn of Africa and the Sahel, deepening their coordination on regional security and political mediation amid mounting pressures across several African theaters. The meetings, organized by Egypt’s Ministry of Foreign Affairs, International Cooperation and Egyptian Expatriates, marked the third round of…

Somalia Opens First Bowling Alley as Middle Class and Diaspora Returnees Rise

Mogadishu’s first modern bowling alley rolls a fragile normal into Somalia’s capital On a recent evening in Mogadishu, the sharp crack of falling pins echoed under neon lights as a circle of friends filmed each other’s turns and burst into laughter. They were young, many born or raised abroad, taking in a scene that was once unimaginable in a city long defined by checkpoints and curfews: carefree recreation in public. The Feynuus Bowling Center, which opened last year, has become a symbol of Mogadishu’s cautious revival — a…

Somalia’s federal government accused of exploiting national unity as regional rifts grow

Federal Government Accused of Politicizing Somali Unity Amid Rising Tensions With Regional States LAAS CANOOD, Somalia — Accusations are mounting that Somalia’s federal authorities are leveraging the language of national unity as a political weapon against some federal member states, with a planned inauguration in Laas Canood sharpening disputes and stirring fresh security concerns. The ceremony, expected to draw senior federal officials including members of the Council of Ministers and security chiefs from the National…

Somali President Meets Sharif Sheikh Ahmed as Calls for National Dialogue Grow

Somali president holds unannounced talks with ex-leader Sharif Sheikh Ahmed, signaling push for national dialogue MOGADISHU, Somalia — Somali President Hassan Sheikh Mohamud met behind closed doors late Sunday with former President Sharif Sheikh Ahmed in Mogadishu, an unannounced encounter that signals a possible easing of political tensions as the country grapples with overlapping security, governance and constitutional challenges. The meeting brought together two of Somalia’s most influential political figures after months…

Demands Grow for Freedom of 36 Activists Ahead of Cameroon Elections

Five Years of Silence: The Unfolding Legacy of Cameroon’s Protest Crackdown As Cameroon approaches the presidential elections scheduled for October 12, the shadows of repression linger longer than ever. This month marks five years since the violent crackdown on protests led by the Cameroon Renaissance Movement (MRC) in September 2020—an event that has left a lasting scar on the nation’s collective conscience. A Dark Chapter in Cameroon’s History The protests, which erupted in response to long-standing grievances regarding…

Kenya Airways Seeks $500 Million Investment to Grow Aircraft Fleet

Kenya Airways: Navigating Turbulence and Anticipating New Horizons Amidst the riveting expanse of African skies, Kenya Airways, one of the continent's airline giants, finds itself grappling with financial headwinds yet plotting a hopeful course toward recovery and growth. As the airline announced plans to secure at least $500 million in new capital by next year’s first quarter, it underscores a dynamic mix of challenges and ambitions in the aviation industry. A Journey Through Financial Storms Kenya Airways, often hailed…

Breaking Down Entry Hurdles: Microgrants Empower Somali Sambusa Artisan and Other Culinary Startups to Grow

Mariam Mohamed is the brilliant mind behind Hoyo, one of the lucky dozen startups chosen for 2024 microgrants awarded by the benevolent Market Entry Fund. You might have bumped into her on October 1, 2024, bustling around Hoyo's hustle-and-bustle Bloomington spot. Cheers to Dymanh Chhoun and Sahan Journal for shining a spotlight on this! In Somali language, "Hoyo" translates to the word “mother.” Back in 2015, the Mohamed sisters, including Mariam, Halima, and Asha, thought of a grand plan. They decided to put Somali…