Reinforce

The Nigerian government is navigating turbulent economic waters with a decisive move to bolster the Naira. By injecting more than $8 billion into the economy, authorities aim to restore confidence in the local currency. This significant capital infusion has already shown promising effects, as the Naira has begun to regain strength across the foreign exchange market. Yet, amidst this nascent recovery, a sense of caution looms large. Economists caution against complacency, suggesting that this newfound appreciation may be…

Military officials from Mali, Niger, and Burkina Faso have boldly reiterated their commitment to exit the Economic Community of West African States (ECOWAS). This decision stands firm despite ECOWAS's proposal for a six-month transitional period, which was put forth during a recent summit in Abuja. The trio had initially signaled their intent to part ways with the bloc back in January 2024, following their respective military takeovers. In a collective statement, the leaders of the junta—who have united under the banner of…

Mogadishu (AX) – Nations involved in the African Union Transition Mission in Somalia (ATMIS) have pledged their continued support for peacekeeping efforts as ATMIS concludes in December 2024.During last week's African Defense Ministers Conference in Addis Ababa, defense chiefs from these countries confirmed their backing for the upcoming African Union Support and Stabilization Mission in Somalia (AUSSOM), starting January 2025.They highlighted financial hurdles challenging both ATMIS and AUSSOM. Emphasizing the importance of…

Mogadishu (AX) — In the midst of the UN General Assembly, Somalia's Prime Minister Hamza Abdi Barre had a face-to-face with President Joe Biden. Through a combined declaration, both bigwigs reasserted their unwavering dedication to safeguarding Somalia's independence and territorial unity, key to nurturing peace and stability in the area. Discussions zeroed in on amplifying U.S. support to Somalia’s battle against the Al-Shabaab militants and upgrading governance. Both highlighted the significance of their alliance in…