Browsing Tag

policy

CBN Maintains 27.5% Monetary Policy Rate During Economic Shifts

In a significant milestone, the Monetary Policy Committee (MPC) gathered for its 300th meeting last Tuesday, a momentous occasion celebrated by the Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso, during a press conference in Abuja. Meetings like these often hold the weight of economic forecasts, yet they also reflect the pulse of the nation—a blend of caution and opportunity. Governor Cardoso emphasized that the committee reached a unanimous decision to maintain current policies. This choice speaks…

U.S. Shifts Approach: Prioritizing Business Partnerships and Negotiations in African Policy

The commitment of the Trump administration to bolster U.S. exports to Africa is not merely a political statement; it is a clarion call for transformation. “We aim to elevate U.S. exports and investments in Africa, eliminate trade deficits, and foster mutual prosperity,” shared Ambassador Troy Fitrell, currently leading the Africa Bureau at the State Department. His remarks were made during an American Chambers of Commerce gathering in the vibrant city of Abidjan, a place rich with opportunity yet often overlooked. This…

Somalia Prohibits Entry for Taiwan Passport Holders Under ‘One China’ Policy

In a significant turn of events, the Somali federal government announced a ban on the entry, transit, and exit of travelers holding Taiwanese passports. This decision, driven by a steadfast commitment to the "one China" policy as delineated in United Nations Resolution 2758, raises various questions regarding the implications for international relations, national sovereignty, and individual freedoms. On April 22, the Somali Civil Aviation Authority released a notice declaring that all passports and travel documents issued…

Zimbabwe’s ZiG at a Crossroads Due to Policy Errors

Zimbabwe’s gold-backed currency, the ZiG, is veering toward a precipice—not due to rapid devaluation, but rather through a growing sense of irrelevance. This assertion comes from Imara Asset Management, recognized as Zimbabwe's oldest independent brokerage. The looming question is: Can a currency survive when it seems to fade into the background of economic activity? Unlike previous currency crises in the nation, which were often sparked by the destructive forces of hyperinflation, the problem with the ZiG seems to lie more…

Djibouti Forum Calls for Stronger Alliances Amid Policy Shifts

Embracing Collaboration: The Djibouti Forum 2025 It was a bright day on April 7, 2025, when Prime Minister Abdoulkader Kamil Mohamed took the stage at the opening session of the second edition of the Djibouti Forum, an event hosted in the bustling heart of Djibouti City. The gathering saw 150 business leaders and policymakers from 51 countries immerse themselves in a mosaic of ideas and innovations, aiming to ignite a transformation within the Red Sea nation and across the African continent. "Unleashing…

Trump Administration Faces Internal Debate on Somalia Policy

The decisions surrounding the U.S. presence in Somalia are as complex as the country itself. With the recent escalation of conflict in Somalia, some officials from the U.S. State Department are advocating for the closure of the embassy in Mogadishu. This suggestion stems from the growing strength of Al Shabab militants, but it's a move not without its risks. Reflecting on the turbulent successes and failures in foreign policy, one must ponder—what does withdrawing mean for Somalia’s stability? Echoing the traumatizing…

Prince Harry’s Attorney Argues in London Court That UK’s Security Policy is ‘Unwarranted’

In a notable public appearance, Prince Harry recently made his way to London's Royal Courts of Justice to engage in a legal battle concerning the government's decision to modify his security arrangements following his departure from royal duties. The situation has been described as "unjustified" by his legal representatives. Prince Harry, the younger son of King Charles, is aiming to reverse a decision made by the Home Office—the governmental body overseeing policing—which stated in February 2020 that he would no longer…

Coldoon Arrested in North Western State of Somalia for Criticizing Gaza Refugee Policy

Understanding Abdimaalik Muse Coldoon's Complex Journey "Abdimaalik Muse Coldoon, there’s nothing to worry about,” his brother Abdirahmaan Muuse Coldoon reassured him during a moment that seemed heavier than air. These words were intended to comfort but simultaneously carried a weight of their own. “Criticize respectfully and stay close to your people. You can take your concerns to Abdirahmaan Cirro’s office—he’s a calm and fair man who listens.” A piece of advice that resonates with a quiet…

Renewable Energy Thrives as an Economic Force Amid US Climate Policy Challenges

Climate change is undoubtedly a daunting topic, casting a cloud over much of our discussions. Its status as an existential crisis complicates the search for positive news. Recent developments, particularly with the advent of the second Trump Administration, have intensified these challenges. The administration has systematically rolled back America’s climate commitments, diminishing support for clean technology industries, and even withdrawing from the Paris Climate Agreement—an unprecedented move for the world's largest…

G7 Navigates Unity Amidst Challenges from Trump Tariffs and Ukraine Policy Disputes

Diplomats from the G7 member nations are gathering in Canada to finalize a united front following weeks of tension between U.S. allies and President Donald Trump, whose actions have dramatically shifted Western trade and security policies. Ministers from Britain, Canada, France, Germany, Italy, Japan, and the United States, alongside representatives from the European Union, have convened in the picturesque town of La Malbaie, nestled in the serene Quebec hills. The discussions, taking place over two days, have historically…

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More