Browsing Tag

million

Over one million Jeffrey Epstein-related documents found; release delayed

WASHINGTON — The U.S. Department of Justice said Wednesday it has uncovered more than a million additional documents potentially related to the Jeffrey Epstein case, delaying a congressionally mandated release of records under the Epstein Files Transparency Act as officials review the material for legally required redactions. In a social media post, the department said the U.S. attorney for the Southern District of New York and the FBI informed Justice officials of the trove, prompting DOJ lawyers to “work around the clock”…

Uncovering of another million potential Epstein documents delays upcoming releases

DOJ finds more than a million additional Epstein documents, pushing full release back by weeks The U.S. Justice Department has identified more than a million additional documents potentially tied to convicted sex offender Jeffrey Epstein, delaying a full release of records for weeks as officials carry out legally required redactions to protect victims, the department said. The disclosure, made in a statement and echoed in a Justice Department social media post on Tuesday, further complicates a congressionally mandated…

Afreximbank Supports Heirs Energies with $750 Million Investment in Nigeria

African Export-Import Bank (Afreximbank) and Heirs Energies Limited have announced a landmark US$750 million financing partnership designed to optimize Heirs Energy's capital structure and unlock critical liquidity to support its working capital requirements as it pursues its ambitious field development program. The investment is expected to significantly transform Nigeria's domestic energy capacity as demand rises. This collaboration comes at a crucial time for Nigeria, a nation grappling with increased energy demands and…

Bondi hero receives €1.4 million from community crowdfunding campaign

Man who disarmed gunman in Bondi Beach mass shooting receives more than A$2.5 million in donations A man credited with saving lives by wrestling a gun from one of the alleged attackers in the Bondi Beach mass shooting has received a cheque for more than A$2.5 million (€1.4 million) after tens of thousands of people contributed to an online fundraising campaign. Ahmed al Ahmed, 43, was presented with an oversized cheque at his bed in St. George Hospital by social media influencer Zachery Dereniowski, a co-organiser of the…

Kenya seals $311 million power transmission lines deal with Africa fund, Indian firm

NAIROBI, Kenya — Kenya has signed a $311 million agreement with pan-African infrastructure fund Africa50 and PowerGrid Corporation of India to design, finance, build and operate two high-voltage electricity transmission lines under a public-private partnership, the finance ministry said Monday. The deal marks one of the East African nation’s largest power-grid concessions to date and is intended to ease chronic constraints on the network as demand grows. The project company will manage the full life cycle of the assets —…

African Development Bank approves $76 million to boost Somalia’s transport connectivity

AfDB approves $76.37 million in additional financing to boost Somalia’s road corridors, cross-border trade Sunday December 14, 2025 The African Development Bank (AfDB) Group has approved $76.37 million in additional financing for Somalia’s Road Infrastructure Program, strengthening a key segment of the Horn of Africa corridor linking Somalia with Ethiopia and Djibouti and aimed at accelerating regional trade and integration. In a statement issued Thursday, the bank said the program is designed to “stimulate cross-border…

IMF Approves $40 Million Boost for Somalia’s Credit Program, Fourth Review Cleared

IMF approves additional $40 million for Somalia, releases $30 million in immediate budget support MOGADISHU — The International Monetary Fund has approved an additional $40 million for Somalia after completing the fourth review of the country’s Extended Credit Facility, authorizing an immediate $30 million disbursement for budget support. The decision lifts Somalia’s total access under the program to about $140 million and brings cumulative disbursements to roughly $100 million under the arrangement approved in December…

China Donates $1 Million to Boost Somalia’s Drought Relief Efforts

Mogadishu (AX) — China has donated $1 million to the Somalia Disaster Management Agency (SoDMA) to bolster drought relief as seasonal rains falter and food insecurity deepens across the country, Somali and Chinese officials said Monday. Chinese Ambassador to Somalia Wang Yu formally handed over the contribution during a high-level meeting hosted by SoDMA Commissioner Mohamud Moalim Abdulle in Mogadishu. Wang said the aid reflects Beijing’s commitment to stand by Somalia “during these difficult times,” citing the “principle…

IMF, Somalia strike $30 million financing deal to drive reforms

IMF, Somalia Reach Staff-Level Deal That Could Unlock $30 Million Somalia has secured a staff-level agreement with the International Monetary Fund that could release roughly $30 million in fresh financing, a timely boost as the government faces tighter aid flows, the bite of climate shocks, and the demanding work of rebuilding a post-debt-relief economy. The agreement, announced Sunday after two weeks of talks in Washington and Mogadishu, will go to the IMF Executive Board in the coming weeks. If endorsed, it would mark…

Report: Al‑Shabaab nets $200 million annually, financing Somalia’s insurgency

Al‑Shabaab’s War Chest: How a Militant Tax System Fuels a Comeback in Somalia A militant economy hiding in plain sight The hardest thing to see in Somalia’s long war is often the most obvious: the receipts. A new assessment by the Combating Terrorism Center at West Point says al‑Shabaab, al‑Qaida’s Somali affiliate, is now the network’s financial powerhouse—pulling in an estimated $100 million to $200 million a year. That money isn’t just paying for bullets. It’s rebuilding a parallel state. The report, The Global State…