DJIBOUTI (WDN) — Djibouti has reportedly emerged as the African country with the highest average take-home salary, according to data cited from LiveGDP, with workers said to receive an average of $2,836 per month after taxes and other payroll deductions. The figure places Djibouti at the top of the ranking for average net monthly wages...
Latest Attack Raises Fresh Alarm for Global Energy Shipping as Vessel Is Struck Near One of the World’s Most Critical Oil Routes MUSCAT (WDN) — A crude oil tanker was struck by an unknown projectile off Oman on Friday, triggering another maritime security alert in waters surrounding the strategically vital Strait of Hormuz. The vessel’s...
By Keynan Jama Every year, Somalis abroad send home more money than the federal government spends. In 2023, remittances reached about USD 1.7 billion—more than the federal budget that year and more than the USD 1.1 billion received by aid agencies. The 2025 federal budget was USD 1.34 billion. Remittances equal roughly one-sixth of Somalia’s...
Asmara (WDN) — Eritrea has accused the United Arab Emirates of pursuing what it described as “port colonialism” in Africa, warning that Abu Dhabi’s expanding commercial, political and military footprint along the Red Sea, Gulf of Aden and East Africa deserves far greater scrutiny. Eritrea’s Foreign Minister Osman Saleh said the UAE’s growing presence in...
Berlin (WDN) — Klaus-Michael Kühne, one of Germany’s wealthiest businessmen, has died at the age of 89, leaving behind an estimated $49 billion fortune and a remarkable legacy designed to extend far beyond his lifetime. Kühne, who had no children, built his vast wealth across logistics, maritime shipping, aviation, chemicals and real estate, with the...
Addis Ababa (WDN)– Somalia’s money-transfer companies (Hawala), a vital financial lifeline for Somalis around the world, connecting the diaspora to families, communities, and businesses, have faced significant financial restrictions from the Ethiopian government, threatening an important channel for remittances and cross-border financial support. Ethiopia’s National Bank has issued a striking warning against 17 money-transfer companies...
Addis Ababa (WDN) – Ethiopia’s determination to secure reliable access to the sea is becoming one of the most consequential geopolitical issues in the Horn of Africa. As Africa’s second-most populous country, Addis Ababa has repeatedly argued that remaining landlocked imposes significant economic and strategic costs. Yet its pursuit of maritime access has also generated...
Mogadishu-(WDN) — Somalia is exploring Libya as a potential new destination for its livestock exports, as the two countries seek to expand trade and deepen economic ties. But while the proposal offers an attractive new market on paper, security risks, the enormous maritime distance and the cost of transporting livestock through the Suez Canal could...
By Nur H. Gure (Nurdiin) Former Prime Minister Hassan Ali Khaire has delivered a compelling critique of Somalia’s economic condition. His primary contention that ineffective governance, fragile property rights, and institutional collapse hinder the generation, protection, and investment of Somali wealth is significant and largely correct. The fundamental challenge for Somalia has never been a...
Mogadishu (WDN) — Somalia is preparing to revive its long-dormant national airline through a Rent-to-Buy (Lease-to-Own) agreement with LEMA Air Group that would initially provide two Airbus A320 aircraft. Under the arrangement, the government would operate the aircraft under a lease before eventually taking ownership once the agreed payments have been completed. There is very...