project

Saturday April 25, 2026 Mogadishu (AX) — Prime Minister Hamza Abdi Barre on Friday unveiled a new initiative in Doolow designed to bolster urban resilience for internally displaced people and the communities that have taken them in, as Somalia grapples with the twin pressures of displacement and economic hardship. Addressing the launch ceremony in Mogadishu, Barre said the project seeks to strengthen livelihoods and lay the groundwork for longer-term stability in areas strained by conflict and repeated drought. The project,…

Africa's wealthiest individual, Aliko Dangote, who heads the Dangote Group, has announced ambitious plans to collaborate with Kenya and Uganda on a significant oil refinery project in Tanzania. This proposed facility is inspired by his landmark operation in Nigeria, which has a capacity of 650,000 barrels per day. During a recent conference that featured key figures like Kenya's President William Ruto and Uganda's President Yoweri Museveni, Dangote expressed optimism about the project. He emphasized that its success hinges…

In a significant move aimed at boosting infrastructure, President Bola Tinubu has formally requested the Senate's approval to secure a $516.3 million loan from Deutsche Bank AG. This lending initiative is backed by insurance from the Islamic Corporation for the Insurance of Investment and Export Credit, part of the Islamic Development Bank. Tinubu emphasized that the funding would be directed towards the construction of the Sokoto-Badagry Superhighway, a centerpiece project within his Renewed Hope Agenda. The ambitious…

Friday April 10, 2026 Mogadishu (AX) — Somalia marked a major energy breakthrough on Friday as Turkey’s deep-sea drilling vessel Çağrı Bey arrived off Mogadishu’s coast, setting the stage for the country’s first offshore deep-water oil exploration project. President Hassan Sheikh Mohamud, Prime Minister Hamza Abdi Barre, senior government officials and other dignitaries gathered at Mogadishu port to استقبال the vessel, which will anchor the opening drilling campaign under a bilateral energy agreement between Somalia…

Djibouti Bets Big: President Guelleh Launches $480 Million "Salaam City" DJIBOUTI CITY — In a bold push to tackle soaring housing needs amid brisk economic expansion, H.E. Ismail Omar Guelleh, President of the Republic of Djibouti, on Monday unveiled a $480 million residential venture known as “Salaam City.” Driven by developer Salaam Real Estate, the project will convert a vast tract on the edge of Djibouti City into a contemporary urban center, which officials describe as among the nation’s most ambitious housing efforts…

Simandou Iron Ore Project: A New Era for Guinea In a significant development for West Africa's economic landscape, Rwandan President Paul Kagame and Guinea's military leader, Mamadou Doumbouya, have officially inaugurated the Simandou Iron Ore Project in Conakry. This historic project, often heralded as one of the largest mineral development initiatives globally, promises not only to reshape Guinea's economy but also to significantly influence the international iron ore market. A Long-Awaited Vision Decades in the making,…

Somalia’s Donor Dollars Meet Local Politics: Hirshabelle’s District Choice Reopens Old Debates In Somalia’s Hirshabelle state, a seemingly technical decision — which district gets the next round of donor-backed support — has turned into a small window on a much larger question: who gets to be seen, heard, and funded in a federal system still finding its feet. The controversy touches the Somalia Recurrent Cost & Reform Financing (RCRF) Phase III program, an internationally funded effort, implemented by the Federal…

Rising Tensions: The Battle Over the Nile In the heart of East Africa, the waves of a centuries-old conflict ripple through the waters of the Nile, igniting fears of instability and regional tension. The Grand Ethiopian Renaissance Dam (GERD), touted as a beacon of progress for Ethiopia, has become a battleground for Egypt and Sudan, who insist on keeping discussions limited to the three nations directly flanking this vital resource. Their recent assertions highlight the deep-seated anxieties surrounding the dam's operation…

The head of Ethiopia Electric Power, Asheber Balcha, recently expressed concerns over Egypt's actions regarding the Grand Ethiopian Renaissance Dam (GERD), the largest hydroelectric project in Africa. Balcha accused Egypt of "scrambling to create hurdles" just as the dam nears its operational launch—a project deeply tied to the Nile River, a vital water source for Egypt and its neighbors. This statement comes at a time of escalating diplomatic tensions in the region. While visiting Uganda, the Egyptian foreign minister…

Mogadishu (AX) — Someday in a sprawling Mogadishu neighborhood, the wheels are already in motion for a bold endeavor — a dazzling residential development sprouting 50,000 homes in the Kaaraan zone. This isn't just an architectural venture; it's a mission to breathe life into the heart of Somalia's beachside cityscape. President Hassan Sheikh Mohamud has stirred the initial beat of the project drum at this delightfully dubbed "Pearl Beach" initiative, heralding an era of rejuvenation where Mogadishu meets the sea.Bankrolled…