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...
By Ahmed A. Yusuf Somalia’s Federal Minister of Public Works, Reconstruction and Housing, Ayuub Ismail Yusuf, has announced the signing of an agreement for the design and technical studies of a major infrastructure project in Hargeisa, presenting it as part of the Federal Government’s broader programme to develop roads and urban infrastructure across Somalia. But...
Garowe (WDN) – A bombshell audit by Puntland’s Office of the Auditor General has uncovered more than $21.39 million in government expenditure that cannot be fully verified, exposing what auditors describe as serious weaknesses in financial management, documentation, and public accountability. The findings, contained in the 2025 Financial Audit Report released on June 30, 2026,...
China on Monday said that its trade with Africa reached a record high in the first half of 2026, attributing the growth to its zero-tariff policy for all African countries that maintain diplomatic ties with Beijing. Chinese Foreign Ministry spokesperson Lin Jian said at a regular news conference that two-way trade totaled 1.41 trillion yuan...