reduction

The Republican-led U.S. House of Representatives has passed a significant tax relief and spending cuts bill championed by President Donald Trump. Critics have raised concerns that it could severely impact healthcare while significantly increasing the national debt. This legislation, which now heads to the Senate, reflects Trump's vision for a new "Golden Age." It proposes to scale back social safety net programs to facilitate a ten-year extension of the tax cuts initiated in 2017. In a post on Truth Social, Trump…

In a highly anticipated announcement, the European Central Bank (ECB) is expected to lower interest rates by a quarter of a percentage point later today. This decision follows the recent inflation data for eurozone countries, which revealed a price increase of just 2.2% in March—a slight decline of 0.1% from February. As the cost of living inches closer to the ECB's target of 2%, there is a clear opening for the bank to implement a rate cut. If the ECB moves forward with this reduction, the main interest rate will decrease…

In the heart of Nairobi, an energetic hub of culture and commerce, Kenya's Finance Minister, John Mbadi, conveyed a message filled with resolve and foresight during an insightful interview with Reuters. "We are embarking on a new journey with the International Monetary Fund (IMF)," Mbadi remarked, hints of determination evident in his gestures, as he spoke on February 5, 2025. The nation's financial pathway is evolving, influenced by plans that ambitiously target a reduction of the national debt to below 55% of GDP over…

Embracing a New Era: Somalia's Security Transition In the bustling atmosphere of Addis Ababa, African defense ministers recently convened to take a pivotal step forward for Somalia's future. They meticulously crafted a blueprint for the deployment of the African Union Support and Stabilization Mission in Somalia (AUSSOM), marking a momentous phase in Somalia’s journey towards self-reliance. But what does this transition mean for Somalia, a nation that has weathered turbulent storms over the last two decades?…

The African Union Transition Mission in Somalia, known as ATMIS, has recently turned over a significant forward operating base to the Somali National Armed Forces (SNAF), marking a pivotal step in their mission's phased withdrawal. This handover, which took place on Thursday, saw the Burgavo Forward Operating Base change hands, wrapping up the third phase in ATMIS's drawdown strategy. Stationed on the southern coast of Somalia, 530 kilometers from Mogadishu, the Burgavo base, previously controlled by Kenya’s Defense Forces…

According to a recent alert from the United Nations, greenhouse gas levels in our atmosphere have surged to unprecedented heights in 2023, leaving nations miles behind what’s necessary to prevent catastrophic global warming. The World Meteorological Organization (WMO), which serves as the UN's authoritative voice on climate matters, reported that the concentrations of three major greenhouse gases—carbon dioxide, methane, and nitrous oxide—all saw another uptick last year. The pace of carbon dioxide accumulation was noted to…

IDP families in need of assistance/File photo/Ergo (ERGO) – Nasteho Mohamud Hashi, a determined single mother, has been facing a formidable challenge. The assistance she once received from the World Food Programme came to a halt in June, leaving her in a tight spot as she tries to feed her nine children. The $85 monthly support from WFP was a lifeline for Nasteho's family at the Hilac IDP camp in Dusamareb, located in Somalia's Galmudug state. Their circumstances changed drastically when conflict forced them to flee their…

The availability of vaccines towards Covid-19 on the African continent "through" the worldwide Covax initiative is "virtually stagnant" worries the African division of the World Well being Group (WHO). Within the final three months, solely 18 of the 66 million anticipated doses have been acquired. The group requires worldwide solidarity.…