proposal

The Future of African Development Funding Under the Trump Administration The recent budget proposal from the Trump administration for the fiscal year 2026 has raised eyebrows across the globe, particularly regarding its impact on African economies. The proposal indicates a drastic reduction of $555 million in U.S. contributions to both the African Development Fund (ADF) and the African Development Bank (AfDB). But what does this mean for the future of development in Africa, and how might it…

Beijing is currently "evaluating" an offer from Washington regarding talks over the substantial 145% tariffs imposed by US President Donald Trump. The Commerce Ministry of China has cautioned the United States against engaging in "extortion and coercion," highlighting the complexities of negotiation. Both Washington and Beijing seem entangled in a high-stakes game over tariffs, with neither side willing to appear submissive or be the first to initiate discussions amid a trade war that has unsettled global markets and…

Garowe (AX) — In a striking display of regional autonomy, Northeastern State has decisively rejected a federal initiative aimed at centralizing the registration of internally displaced persons (IDPs) and coupling humanitarian aid with a nationwide system. This move, they argue, could destabilize Somalia's already delicate federal structure and risks politicizing the very relief efforts that are meant to provide support to the most vulnerable. The backdrop to this conflict consists of recent discussions involving the Somali…

In recent discussions echoing across Somalia's vibrant towns and bustling cities, a new development has grabbed the spotlight. Somalia's decision to grant the United States access to its strategic military bases has become a hotbed of debate and speculation. For many, this move represents a path to enhanced security and stability. Yet, a chorus of apprehensive voices resonates, cautious about the shadows these changes might cast on the nation’s complex socio-political landscape. Imagine, for a moment, the calculus behind…

Ukrainian President Volodymyr Zelensky has announced that Kyiv has formally received a proposal from Washington regarding a new minerals deal, which would grant the United States access to Ukrainian natural resources in exchange for increased military support. “I would like to note that officially, and this is important, the Ukrainian side—specifically, the cabinet of ministers of Ukraine and my office—has received US proposals today,” Mr. Zelensky stated during a press conference in Kyiv. The arrangement aimed at…

Hargeisa (AX) – In a development marked by geopolitical significance and a touch of international drama, the administration of North Western State of Somalia has firmly rejected an alleged offer from the Somali federal government to the United States concerning the use of the strategic Berbera port. This rejection was characterized as a "desperate and meaningless attempt" to hamper North Western State of Somalia's ongoing quest for international recognition, a goal to which it has been dedicated for over three decades.

In today's ever-evolving landscape of financial technology, it's easy to get swept up in the whirlwind of innovation. However, behind the scenes, regulators are working diligently to ensure that these technological advancements do not outpace the safety nets put in place to protect consumers and maintain market integrity. A recent development in this field involves MobileMoney Limited, the company that operates MTN MoMo. The central bank released a statement, noting, "MobileMoney Limited has not been authorised to carry out…

It's one of those sunlit days in the Gaza Strip where beneath the bright sky, a grim reality unfolds. A solitary Palestinian man treads carefully around the remnants of what were once homes, now reduced to rubble after recent Israeli military offensives in Rafah. It’s an image captured by Hatem Khaled, a photographer from Reuters, that echoes the volatile geopolitics and humanitarian difficulties plaguing this part of the world. Meanwhile, in an unfolding diplomatic narrative, Sudanese officials announced that they have…

Mogadishu (AX) — In recent days, whispers of negotiations involving Somalia, the United States, and Israel have drifted across international media outlets, painting a picture of potential conversations about resettling displaced Palestinians from Gaza within Somalia's borders. However, this narrative stands sharply opposed by the Somali federal government. "To my knowledge, there have been no discussions whatsoever regarding the resettlement of Gazan citizens," affirmed a senior Somali official. This message seemed to pierce…

In a surprising turn of events, President Donald Trump recently unveiled a bold initiative that could potentially redefine pathways to American residency. On Tuesday, he announced a plan to sell U.S. residence permits - dubbed "gold cards" - for a staggering $5 million. This is the latest example of “residence by investment” programs, a concept gaining traction among the world’s affluent seeking global mobility. "With this new 'gold card', we're inviting the world’s elite to invest in America," Trump declared, standing…