pact

Strengthening Ties: Somalia and Türkiye Sign MoU Ankara (AX)—In an important development signaling deeper ties between Somalia and Türkiye, a Memorandum of Understanding (MoU) was signed recently to enhance cooperation in the realms of public auditing, transparency, and financial oversight. This initiative is part of Somalia’s ongoing commitment to institutional reform, aiming to fortify governance and accountability within its public financial systems. The momentous agreement was formalized in Ankara last Thursday, with…

Kenya's Bold Move Towards Financial Resilience In a significant step for its financial landscape, the Nairobi International Financial Centre Authority (NIFCA), operating under the auspices of the National Treasury, has entered into a pivotal agreement with Africa Specialty Risks (ASR). This global underwriter is renowned for its recognized access to AA-rated international reinsurance. The signing of this agreement is not merely a roadmap for growth; it's a beacon of hope for investors looking at Kenya as a…

Mogadishu (AX) — In a significant stride towards enhancing its maritime and transport infrastructure, the Somali Ministry of Ports and Maritime Transport announced this past Sunday the signing of a pivotal memorandum of understanding (MoU) with Turkey. This partnership is poised to bolster cooperation not only in economic realms but also in the vital transport networks that connect African coastal nations. The agreement was formalized by Somalia’s Minister of Ports and Maritime Transport, Abdulkadir Mohamed Nur, who…

Ghana is embarking on a transformative journey, one that could reshape its economic landscape for years to come. Recently, the country secured a vital agreement aimed at facilitating continued disbursements under a $3 billion International Monetary Fund (IMF) bailout package. This initiative is crucial, especially as Ghana grapples with the most serious economic challenges it has faced in decades. As the saying goes, "The only way out is through." But what does that pathway look like for Ghana? Known as the…

Recently, Russia and Mali have taken significant steps to reinforce their trade and economic relationships. This came to the fore when President Vladimir Putin welcomed Colonel Assimi Goita, Mali’s military leader, to Moscow. Their meeting was a pivotal moment, reflecting an evolving partnership that seeks to navigate the complexities of modern geopolitics. The discussions lasted approximately two hours and were characterized by an open exchange of ideas. According to Russian state media, both leaders emphasized…

A recent review conducted by the European Union on Israel's military engagement in Gaza has found the country to be "in breach" of its human rights obligations as stipulated in the EU-Israel Association Agreement. This is according to excerpts from the report obtained by RTÉ News. The review was commissioned by Kaja Kallas, the EU's foreign policy chief, who emphasized the importance of adhering to ethical standards in international relations. As Article 2 of the EU-Israel Association Agreement highlights, both parties are…

Recent developments in international diplomacy have raised eyebrows and ignited discussions across the globe. Former President Donald Trump recently took to social media to announce a significant peace treaty between the Democratic Republic of the Congo (DRC) and the Republic of Rwanda. This agreement, facilitated by Secretary of State Marco Rubio, is set to be officially signed in Washington on Monday by representatives from both nations. "I am very happy to report that, along with Secretary of State Marco…

The Expanding Russian Influence in Africa: A Nuclear Partnership with Mali and Burkina Faso Recently, the Russian government sanctioned a significant move that underscores its growing presence in the African energy sector. This initiative entrusts Rosatom, Russia's state atomic energy corporation, with responsibilities to facilitate the development of nuclear energy agreements on behalf of Moscow. But what does this mean for Mali and Burkina Faso, countries struggling to address their…

In an exciting development for both Ghana and the United Arab Emirates (UAE), a memorandum of understanding (MoU) has been signed to create a state-of-the-art technology and innovation hub. This initiative aims not only to accelerate Ghana's digital transformation but also to establish the nation as a regional pioneer in artificial intelligence (AI) and emerging technologies. It’s an ambitious step that beckons the question: What could this mean for the future of technology in West Africa? The agreement was…

The deployment of Turkish forces in Somalia arrives at a pivotal moment for both the region and the broader African landscape. With the African Union transitioning from the African Union Mission in Somalia (ATMIS) to the African Union Security Support Mission in Somalia (AUSSS), the stakes have never been higher. The move comes against a backdrop of critical funding gaps that threaten the stability that has been painstakingly built over the years. This change is particularly pertinent given the recent shifts in U.S. foreign…