million

Bal'ad (AX) — In a decisive gathering led by President Abdullahi Hussein Guudlawe in Bal'ad, Hirshabelle State's Council of Ministers gave the green light to a budget of $33,558,000 for the fiscal year 2025 on Thursday.During this pivotal session, the Minister of Finance and Economic Development unveiled the 2025 Budget Allocation Act. This plan ventures to bolster the number of civil servants in Hirshabelle's administration."We've secured $33,557,830 for the upcoming year's financial blueprint," proclaimed the Council in…

Mogadishu (AX) – On a momentous Tuesday at its 40th meeting, the Green Climate Fund (GCF) embraced a $100 million endeavor aimed at boosting Somalia’s efforts against climate chaos through the "Climate Resilient Agriculture in Somalia" (FP246) project. Somalia’s Minister of Environment and Climate Change, Khadija Mohamed Al-Makhzoumi, flanked by fellow government representatives, hailed the GCF's backing. Minister Khadija hailed the move as a pivotal stride in strengthening Somalia’s agricultural defense against erratic…

Kamala Harris, a contender for the Democratic presidential nomination, is gearing up to make waves in Georgia today, where she’ll be part of a high-profile rally that includes iconic musician Bruce Springsteen, noted entertainer Tyler Perry, and former President Barack Obama. This event marks yet another strategic move by the Harris camp to harness the star power of celebrities to energize voters as the election draws near, intensifying the race against her Republican opponent, Donald Trump. Harris’s campaign took off like…

During a gathering of international donors focused on Lebanon held in Paris, Tánaiste Micheál Martin emphasized that Israel must be made to answer for any violations of international law. In a commitment to support the ongoing refugee crisis, Martin announced an additional €5 million pledge. "I seized the moment to address the ongoing situation," he remarked, highlighting what he termed "systematic and incessant violations of international humanitarian law" carried out by Israel, Hezbollah, and Hamas throughout these…

Mogadishu (AX) — Blimey, the Brits have dug deep, tossing an extra £7.5 million into the coffers to back the African Union Transition Mission in Somalia, ATMIS. Their pot now brims with a whopping £77 million since 2021. This cash injection pays the brave souls from Burundi, Djibouti, Ethiopia, Kenya, and Uganda, anchoring ATMIS in their gritty mission. Mike Nithavrianakis, the UK's envoy to Somalia, banged the drum for Britain's enduring dedication to Somalia's defense and growth. He voiced, "Backing ATMIS isn't just…

A glimpse of the International Monetary Fund's HQ in D.C., U.S., captured on April 8, 2019. Photo credits © REUTERS/Yuri Gripas/File Photo. Inquiries for rights, contact us. Good news from the IMF! The Ethiopian government gets a green light for the $3.4 billion aid package, with $340.7 million unlocked. The folks at the IMF board gave a thumbs-up last Friday for the initial review of the deal. This backing stems from Ethiopia's summer deal, culminating in a four-year financial arrangement. The country's journey towards…

MOGADISHU, Somalia - In a significant move, the United Kingdom has committed an extra £7.5 million to back the African Union Transition Mission in Somalia (ATMIS), wrapping up its duties by December 2024, aiming to curb the al-Shabaab threat in the Horn of Africa. This donation, totaling almost $10 million, lifts the UK's total funding for ATMIS and its forerunner, AMISOM, to £77 million since 2021. The European Union and the United States, through the United Nations, primarily finance this mission. The funds are…

The Hobyo-Port Initiative (Courtesy of MyProperty) Pretty recently, Turkish builders have been all about turning African air and sea ports into some real head-turners. Summa Construction is knee-deep in airport ventures in Nigeria. Meanwhile, Metag Holding, hailing from Ankara, inked a $70 million blueprint to spruce up Hobyo Port, Somalia's mighty second-largest. These Turkish enterprises are grabbing the spotlight with their big plays in boosting African airwaves and waterways. "Metag Holding's freshly inked pact looks…

NAIROBI, Kenya (AX) — Hashi Energy, a key player in the petroleum industry, hit a wall attempting to shake off a Sh7 billion ($54 million) tax demand from Kenya Revenue Authority (KRA). This tax debacle only adds to the company’s economic woes as liquidation looms large.

Hargeisa (AX) — In a bold move towards fostering international relationships, Taiwan has pledged a whopping $22 million to revamp Hargeisa General Hospital. Additionally, they've thrown in $2 million to aid North Western State of Somalia’s imminent elections, weaving tighter bonds between these two diplomatically unrecognized territories as they ambitiously stride towards global acknowledgment.A landmark pact was inked on Friday, uniting North Western State of Somalia's Health Minister and a Taiwanese envoy in shared…