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Ethiopia's Bold Move Towards Banking Liberalization Ethiopia is embarking on a transformative journey poised to reshape its financial landscape. The nation's latest decision represents a pivotal shift aimed at liberalizing its banking sector, an initiative that breaks away from a long-standing restrictive approach. Indeed, this moment is not just a regulatory adjustment; it signifies Ethiopia's commitment to embracing global financial norms. This landmark announcement came directly…

The protests that erupted in March 2023 in Mozambique signified a pivotal moment in the nation’s ongoing struggle against corruption and authoritarianism. The voice of Azagaia, a beloved rapper known for his poignant critiques of power, resonates deeply within the hearts of countless young people. It seems that his music, laden with evocative words and raw emotion, inspired a wave of courage in a generation that had once been marked by fear and resignation. As crowds gathered, it was not just a reaction to the current…

Somali Pirates Reignite Fears with Third Boat Seizure in Recent Weeks In an unexpected resurgence of maritime piracy, Somali pirates have once again struck off the Horn of Africa, reportedly commandeering a Yemeni fishing vessel. This unsettling incident marks the third hijacking to jolt the waters in recent weeks, underscoring a renewed threat that maritime authorities are scrambling to address. Details Emerge from the High Seas A European naval force operating under EUNAVFOR Atalanta broke the news,…

Somalia and Ethiopia Celebrate Their Renewed Military Cooperation MOGADISHU, Somalia - A new dawn has emerged for Somalia and Ethiopia, as the two East African neighbors embrace a freshly inked military agreement. This pact between the Somali National Army (SNA) and the Ethiopian National Defense Forces (ENDF) signifies a promising chapter grounded in mutual respect, ensuring each nation's territorial integrity and sovereignty. General Odowaa Yusuf Rage from the SNA and Field Marshal…

MOGADISHU, Somalia - In a noteworthy pivot, Somalia's government has given the nod for Egyptian forces to step into the shoes of Ethiopian troops in the forthcoming African Union Support and Stabilization Mission in Somalia (AUSSOM), following a significant security agreement inked in August. Villa Somalia has thrown its support behind Egypt to spearhead AUSSOM, prompting Egypt to send preliminary teams to aid the Somali National Army (SNA), focusing on strategic routes often disrupted by the notorious Al-Shabaab militants.…

On the first anniversary of the Gaza conflict that has reverberated across the Middle East, rockets fired by Hezbollah struck Haifa, Israel’s third-largest city. Local police reported that ten individuals suffered injuries in the northern region, while Israeli media provided details of the attack. Hezbollah, allied with Hamas—Palestinian militants engaged in ongoing skirmishes with Israel—claimed they targeted a military installation situated south of Haifa, launching a volley of "Fadi 1" missiles. Reports indicated that…

Devastating floods have claimed the lives of at least 16 individuals in Bosnia and Herzegovina, with many more reported missing. The relentless torrential rains and landslides wreaked havoc, demolishing homes, obliterating roads, and damaging bridges throughout the heart of the country, according to officials. The town of Jablanica, located roughly 70 kilometers southwest of Sarajevo, where the unfortunate fatalities occurred, has become entirely isolated after both road and rail connections were severed. The extent of the…

DUBAI — Saudi Arabia has embarked on a significant surge in executions, hitting a 30-year apex. With three more executions announced on Saturday, the 2024 tally skyrocketed to 198, per AFP's count. The kingdom ranks third globally in executions, trailing only China and Iran, Amnesty International reported for 2023. This latest figure supercedes previous peaks of 196 in 2022 and 192 in 1995, according to the London-based human rights organization, which has been documenting annual data since 1990. The Saudi Press…

In Burundi, the day is unemployed and paid, for June 8 is now the national day of patriotism and the celebration of Pierre Nkurunziza's death just a year ago. The anniversary of his disappearance therefore extends the list of feast days on the state's official calendar and this causes controversy. The festivities have taken place this morning in Gitega, the new capital of Burundi, where the body of Pierre Nkurunziza lies. They take place in front of the huge funeral monument erected around his grave. The highest…