Central recommendation: Somalia should move toward a legally protected, US-dollar-anchored currency board, but activation should wait until reserve, fiscal, banking, operational and public-confidence safeguards have been independently verified. The process should start…
President Donald Trump has unveiled an unprecedented US effort to take control of a fifth of Venezuela’s enormous oil reserves, arguing that…
MOGADISHU, April 13, 2026 — Somalia’s Prime Minister Hamza Abdi Barre on Monday issued a stark warning that the country’s natural wealth,…
G7 weighs release of strategic oil reserves as IEA signals no immediate action G7 finance ministers are expected to discuss a possible…
Mogadishu (AX) — The Turkish research ship, Oruc Reis, has anchored off the coast of Somalia, kicking off a seven-month exploration…
Kenya’s foreign exchange reserves have hit an all-time peak of $7.85 billion as of Thursday, notching up gains for the third week…
The Democratic Republic of Congo again has only 2.5 weeks of foreign exchange reserves. Nearly $ 700 million, according to the Monetary…
