shifts

Angola’s Evolving Debt Dynamics: A Sustainable Financial Future As Angola gears up for the close of the financial year, there’s a palpable sense of cautious optimism within its fiscal corridors. The country’s oil-backed debt to China is projected to decrease to a more manageable range of $7.5 billion to $8.0 billion. This insight comes directly from Dorivaldo Teixeira, the Director of the Debt Management Unit at the Finance Ministry, who stands at the forefront of this fiscal undertaking.…

The USAID Transition and Its Implications for Africa The recent announcement made by Secretary of State Marco Rubio signals a paradigm shift in U.S. foreign engagement, particularly concerning Africa. This significant transition, which will take effect on July 1, has left many wondering about its repercussions. For decades, USAID has played a crucial role in development, acting as a dependable partner in the region. Yet, this revamped approach prompts serious questions about the future of global development efforts. Rubio…

The world of wealth can often feel like a tumultuous sea, with some vessels rising dramatically on the waves, while others struggle to stay afloat. This dynamic environment has been particularly evident among African billionaires recently. While an impressive number have seen their fortunes balloon by billions, others have grappling with stagnation or even declines. What does this disparity reveal about Africa's complex commercial landscape? The fluctuations in wealth are not mere numbers on a balance sheet;…

In a significant milestone, the Monetary Policy Committee (MPC) gathered for its 300th meeting last Tuesday, a momentous occasion celebrated by the Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso, during a press conference in Abuja. Meetings like these often hold the weight of economic forecasts, yet they also reflect the pulse of the nation—a blend of caution and opportunity. Governor Cardoso emphasized that the committee reached a unanimous decision to maintain current policies. This choice speaks…

Reimagining U.S.-Africa Partnerships: A Strategic Shift On May 14, 2025, a pivotal announcement emerged from Abidjan, marking a significant turning point in how the U.S. engages with the African continent. The U.S. Africa Bureau unveiled a dynamic strategy that places trade outcomes, private-sector investment, and viable partnerships at the forefront of its foreign policy agenda. This bold move reflects not just a shift in diplomatic posture but a recognition of Africa's vital role in the global economy. In his…

The commitment of the Trump administration to bolster U.S. exports to Africa is not merely a political statement; it is a clarion call for transformation. “We aim to elevate U.S. exports and investments in Africa, eliminate trade deficits, and foster mutual prosperity,” shared Ambassador Troy Fitrell, currently leading the Africa Bureau at the State Department. His remarks were made during an American Chambers of Commerce gathering in the vibrant city of Abidjan, a place rich with opportunity yet often overlooked. This…

Challenges and Changes: The Somali Army in its Fight Against Al-Shabaab MOGADISHU, Somalia - Recent weeks have presented daunting challenges for the Somali National Army (SNA), as it struggles to maintain its footing across various strategic frontlines. The fall of Adan Yabaal starkly exemplifies the difficulties faced by a force striving to assert itself, despite significant investments from international partners. Amidst dwindling financial support, spearheaded by the United States, the SNA grapples with a…

Embracing Collaboration: The Djibouti Forum 2025 It was a bright day on April 7, 2025, when Prime Minister Abdoulkader Kamil Mohamed took the stage at the opening session of the second edition of the Djibouti Forum, an event hosted in the bustling heart of Djibouti City. The gathering saw 150 business leaders and policymakers from 51 countries immerse themselves in a mosaic of ideas and innovations, aiming to ignite a transformation within the Red Sea nation and across the African continent. "Unleashing…

Edited By Ali MusaAxadle Times international–Monitoring. Mogadishu (AX) — In an intriguing twist of events, a significant number of Al-Shabaab militants, complete with their combat vehicles, have made their way to the Bay and Bakool regions. This move follows recent setbacks they faced during fierce military engagements in the Middle Shabelle region, as confirmed by military officials on Monday. General Hassan Isaaq Omar, affectionately referred to as Hassan Baidoa, commands the Somali National Army's (SNA) formidable 60th…

As the sun sets on an era of digital communication, Skype will ring its final call this May. Microsoft, the technology giant behind this once-revolutionary platform, has decided to retire the internet calling service that has, for nearly two decades, transformed the way we connect across geographical divides. This decision, although bittersweet, aligns with Microsoft’s broader strategy. By retiring Skype, the company aims to streamline its portfolio, allowing a sharper focus on its homegrown Teams service. In a world where…