pact

The Significance of the Recent U.S.-Ukraine Economic Pact On a pivotal Wednesday in Washington, D.C., history was made when Ukrainian Deputy Prime Minister Yulia Svyrydenko and Secretary of the Treasury Scott Bessent signed a landmark economic agreement. This contract not only lays the groundwork for future cooperation but also serves as a vital message in the current geopolitical landscape. The Treasury Department emphasized the significance of the deal, stating, "This agreement signals clearly to Russia that the Trump…

AXADLETM — On a day imbued with both hope and historical significance, the United States and Ukraine took a defining step forward by signing an agreement designed to breathe life back into Ukraine’s beleaguered economy. This accord not only aims at reconstructing the war-torn nation but also opens pathways for the U.S. to access some of Ukraine's prized natural resources. These deliberations weren't a mere formality but a hard-won achievement following months of intense negotiations. Both governments have grappled…

Baku: Bridging Educational Horizons Across Continents In a world where the threads of global cooperation weave increasingly intricate patterns, the long-standing goal of enhancing educational collaboration takes a decisive step forward. On a crisp Wednesday in Baku, H.E. Amb. Ahmed Moallim Fiqi of Somalia's Foreign Affairs and International Cooperation Ministry signed an education agreement, laying the foundation for a vibrant partnership between two nations that seek to illuminate the minds…

Imagine a rich land laden with vast mineral resources, the kind that fuel our modern technologies and power future innovations. This is the backdrop of the Democratic Republic of Congo (DRC), a nation possessing one of the world's most abundant reserves of cobalt and lithium — materials that are as valuable as gold in today’s tech-driven world. It’s a tantalizing prospect, right? But what if these treasures could also become the means to fortify a nation’s security and influence global geopolitics?…

Imagine this: in a dynamic yet challenging landscape, seven African nations — Sierra Leone, Liberia, The Gambia, Benin, DR Congo, Rwanda, and Tanzania — are poised for a significant economic transformation. The catalyst? A substantial $50 million trade deal orchestrated by British International Investment (BII) with a mission to unlock access to much-needed finance for local businesses. It's a move that seeks to revitalize these expanding economies, but what does it really mean for the people on the ground? As…

Ethiopia's Determination for Sea Access Amid Complex Diplomatic Dynamics Edited By Ali Musa, Axadle Times international–Monitoring ADDIS ABABA - In the ever-evolving geopolitical landscape of the Horn of Africa, Ethiopia stands firm in its ambition to secure access to the sea. Field Marshal Birhanu Jula, the head of Ethiopian National Defense Forces, recently vocalized this aspiration, highlighting its significance at the celebration of the 129th anniversary of the…

Bridging Horizons: The Kenya-Somalia Trade Facilitation Endeavor In the heart of East Africa, an evolving conversation is taking place, one that holds the promise of profound economic transformation. This dialogue, centered around a trade facilitation agreement, is set to dismantle the irregular non-tariff barriers that have historically strained the economic synergy between Kenya and Somalia, two neighboring nations with rich cultural ties. Setting the Stage for Regional Collaboration In December 2023, a pivotal…

FILE – Egypt’s President Abdel Fattah El-Sisi and his Somali counterpart, President Hassan Sheikh Mohamud, share a moment in Cairo, August 2024 – Egyptian Presidency In a move that could stir the diplomatic waters of the region, the heads of state from Egypt and Somalia put pen to paper on Thursday, sealing a joint political declaration. This pact aims to forge a strategic partnership, elevating the bilateral ties to a higher echelon. The grand halls of Cairo saw President Abdel Fattah El-Sisi roll out a warm Egyptian…

HELSINKI, Finland (AX) — In a recent move, Finland has decided to hit pause on its development cooperation with Somalia. The primary reason? A lack of progress in settling agreements about sending back Somali folks who don’t have legal residency in Finland. Minister Ville Tavio, who handles Foreign Trade and Development, made the announcement on a Wednesday. “The suspension means no fresh funds will be approved,” Tavio stated plainly during a media briefing. He emphasized that this hold will last until Somalia makes…

Baku, Azerbaijan (AX) — In a landmark move, Somalia's Ambassador Khadija Al-Makhzoumi, who serves as the Minister of Environment and Climate Change, entered into an agreement with the Global Center for Climate Mobility on Thursday. This collaboration is aimed at supporting communities in Somalia that are particularly vulnerable to the effects of climate change. Taking place in the vibrant city of Baku, Azerbaijan, the alliance seeks to bolster Somalia's efforts in climate adaptation. The primary focus is on advancing…