sanctions

The African Development Bank Group (AfDB) has greenlit a $6.6 million grant to assist Somalia’s Federal Government (FGS) in bolstering state capacity, aiming to construct a robust financial framework to foster inclusive and fair growth. The Somalia Financial Sector Development Project is set to hone the capabilities of financial entities, such as the Central Bank of Somalia, the Somalia Development and Reconstruction Bank, and the Financial Reporting Center (FRC). The project focuses on efficient credit delivery,…

Biden Extends Sanctions on Ethiopia Amid Ongoing Instability Mogadishu (AX) — U.S. President Joe Biden has chosen to prolong sanctions aimed at specific individuals and groups entangled in Ethiopia's persistent conflict. This decision sustains a national emergency declaration originally set to lapse on September 17, 2024. The sanctions, established under Executive Order 14046, will stay in place for an additional year, as Biden seeks to confront what he deems a sustained threat to American national security and…

Why we welcome sanctions on ballot spoilers EDITORIAL | The US authorities cracked the remaining whip on ballot spoilers on Wednesday, imposing extra US floor visa restrictions as punishment for rigging the election course of. This step, which we even consider is lengthy overdue, is welcome. Yes, the United States doesn't vote in Somalia and mustn't be seen as interfering. But Americans have…

On Monday, August 23, the United States announced sanctions against a senior Eritrean military official, General Filipos Woldeyohannes. He is accused by Washington of abusing the Eritrean forces in the Tigray conflict. The latter intervened from the beginning of the conflict in this Ethiopian province to support Addis Ababa against the TPLF rebels.…

The African Union (AU) announced that it was suspending Mali with immediate effect and threatening the poor country with sanctions after a second military coup in nine months. The coup has raised deep concerns about stability in the volatile Sahel region and warnings of financial sanctions from the entire international community. The AU "decides ... to immediately suspend the Republic of Mali from participating in all activities of the African Union, its bodies and institutions, until the normal…

One week after the imposition of US sanctions on Ethiopia, Addis Ababa is mobilizing and countering. Tens of thousands of Ethiopians have expressed their dissatisfaction with the government's call. On the capital streets, the slogan was: "Hands off Ethiopia". as reported from Addis Ababa, Noé Rochet-BodinUS sanctions come…

President Bah N'Daw and Prime Minister Moctar Ouane resigned on Wednesday, May 26, are not in favor of international mediation, led by ECOWAS, which has already mentioned possible sanctions. Everything goes very fast. No decision has been announced yet, but sanctions can be adopted quickly. Penalties have been swung since…

This is a new milestone in US-Ethiopia relations. Washington has decided to impose sanctions on Ethiopian and Eritrean officials. First visa restrictions, then strong financial sanctions will follow, especially in the areas of security and financial assistance. The United States accuses officials of the two countries of failing to take significant steps to stop hostilities in the Tigray region, almost…

The United States on Sunday announced visa restrictions for Ethiopian and Eritrean officials accused of promoting a six-month war in Ethiopia's Tigray region, saying those involved "had not taken any meaningful measures to stop hostilities." "People in Tigray continue to be affected by human rights abuses, abuses and atrocities, and urgent humanitarian aid is being blocked by the Ethiopian and Eritrean military," said US Secretary of State Antony Blinken in a statement. "Despite significant diplomatic…

The moment of Somalia's truth has arrived. Farmaajo has crossed the Rubicon and declared all war against the Provisional Constitution, the principles of federalism and the exercise of democracy. He has enlisted Somalia in an axis of autocracy that now stretches across the Horn of Africa from the Indian Ocean to the Red Sea. And before the injury he inflicts becomes irreparable, he must be stopped. Sanctions are the last chance for the international community to prevent Somalia from falling back into civil war. There…