sanctions

A glimpse of the International Monetary Fund's HQ in D.C., U.S., captured on April 8, 2019. Photo credits © REUTERS/Yuri Gripas/File Photo. Inquiries for rights, contact us. Good news from the IMF! The Ethiopian government gets a green light for the $3.4 billion aid package, with $340.7 million unlocked. The folks at the IMF board gave a thumbs-up last Friday for the initial review of the deal. This backing stems from Ethiopia's summer deal, culminating in a four-year financial arrangement. The country's journey towards…

Gen Muhoozi happens to be the son of the President. The word on the grapevine from the US embassy is their staff were caught flat-footed, clueless about the CDF's cryptic statements, which demanded immediate action in less than 72 hours. By press time, Mr. Popp had zipped lips on the whole drama, and no peep came from the officials in Kampala either. “We're trying to untangle the mess,” shared a source from the scene. The mission apparently fired a concerned missive to the Foreign Affairs ministry, but as Friday bid…

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…