investment

Violence erupts as social-media-fuelled gold rush swamps northwestern Zambia Hundreds of police clashed with thousands of informal miners this week in northwestern Zambia after viral posts claimed gold lay just beneath the surface across a wide rural swathe. The sudden influx — tens of thousands of people by local estimates — overwhelmed local authorities, sparked allegations of bribery and violence, and prompted a delegation of senior ministers to the scene in a bid to restore order. Officials said security forces had…

Unlocking Potential: U.S.-Liberia Relations and the Minerals Frontier In the muted halls of Washington, a significant dialogue unfolded last week that highlights the intricate dance of geopolitics and resource diplomacy. U.S. Secretary of State Marco Rubio met with Liberian Foreign Minister Sara Beysolow Nyanti, discussing the expansion of American interests in Liberia's critical minerals sector. This meeting is more than just a diplomatic handshake; it symbolizes a burgeoning relationship that could redefine not just…

Uganda and Somalia Seek Deeper Ties — But Will MoUs Become Markets? KAMPALA — When Presidents Yoweri Museveni and Hassan Sheikh Mohamud meet in Kampala on Oct. 7–8 for the Second Joint Permanent Commission (JPC) Investment and Business Summit, they will do more than pose for the customary handshakes and cameras. The pair are expected to sign three memorandums of understanding on trade and investment promotion, tourism development and diplomatic collaboration — documents that, if implemented, could nudge a historically…

Somalia Courts German Investment as Mogadishu Seeks to Turn Stability Gains into Jobs On a sweltering Monday in Mogadishu, Somali Prime Minister Hamza Abdi Barre sat down with Germany’s ambassador, Sebastian Groth, for a conversation that was part pitch, part signal. Somalia, he said, has “vast investment potential” in fisheries, industry and livestock. Germany, Groth responded, is preparing to send senior officials to explore those opportunities on the ground. It wasn’t a flashy announcement—no ribbon cuttings, no signed…

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…

Muscat: Qais Mohammed Al Yousef, the esteemed Minister of Commerce, Industry, and Investment Promotion, had an insightful meeting on Tuesday in Muscat with Hassan Hussein Mohamed, Somalia's Minister of Livestock, Forestry, and Range, who is gracing Oman with his presence during an official visit.In this meeting, they explored ways to enhance collaboration in the realm of livestock and meat production. The dialogue also touched on bolstering joint investments and other industries that cater to the shared aspirations of both…

Leaders from the Common Market for Eastern and Southern Africa (COMESA) are being called upon to engage in crucial conversations aimed at halting the violence in the eastern part of the Democratic Republic of Congo, while also exploring strategies to safeguard civilians caught in the turmoil in Sudan. These discussions are set to unfold at the forthcoming summit in Burundi. "This summit presents a vital platform for African leaders to confront the ongoing crises in Congo and Sudan, among others. They must create tangible,…

Klarionogy: Calling for a Bright Solution on Energy Shift in Somalia’s Northeastern State AXADLE, Somalia - Mohamed Abdirahman, the dude steering Northeastern State's Environment and Climate Change helm, is ringing alarm bells about their dangerous affair with wood fuel. A colossal 85% of their juice comes from good ol’ firewood and charcoal, leaving forests in tatters. Abdirahman passionately voiced, "Our current ways are razing our woods. Switching to solar is our ticket to save the trees and Northeastern State’s…

In a high-profile meeting in Cairo on Tuesday, Crown Prince Mohammed bin Salman of Saudi Arabia and Egypt's President Abdel Fattah al-Sisi cemented plans to bolster their countries' trade and investment ties. They also issued a collective plea for peace, urging a halt to hostilities in Gaza and Lebanon.The Egyptian presidency revealed that the duo inked a pact designed to boost and safeguard shared investments. They also witnessed the creation of a supreme coordination council, aiming to tighten bonds between Riyadh and…

Mogadishu (AX) — Egypt’s Minister of Transport, Kamel El-Wazir, and a posse of Egyptian business folks are gearing up for a jaunt to Somalia soon. Their mission? To suss out promising chances for investment. Mahmoud Abdirahman Farah Benebene, the big cheese over at Somalia’s Ministry of Planning, Investment, and Economic Development, mentioned the crew’s visit is a springboard for yakking about and kicking off big infrastructure ventures. They’re especially keen on eyeing the nation’s ports for investments. Minister…