Tuesday, June 28, 2022
Wardheer News

IMF extends Somalia funding following election

The International Monetary Fund has agreed to extend the duration of a crucial aid package to Somalia, a senior official said, following a long-overdue presidential election last weekend. The three-year $400-million (380-million-euro) aid package from the IMF had been set … Continued

Somaliland capital counts cost of devastating blaze

Stunned residents of the northern Somali city of Hargeisa were struggling to pick up the pieces Sunday after a massive inferno destroyed the central market, and with it the livelihoods of thousands. The mayor of Hargeisa, capital of the breakaway … Continued

East Africa Bloc Becomes $250 Billion Market as Congo Joins

The Democratic Republic of Congo joined the East African Community, bringing the regional trading bloc’s market size to a quarter of the continent’s population and providing it with access to the Atlantic Ocean. The mineral-rich nation became the EAC’s seventh … Continued

Sweden invests in resilient rural communities in Somalia

ROME, Italy, APO Group- Renewed funding from the Swedish International Development Cooperation Agency (Sida) will support ongoing efforts to build the resilience of riverine farmers in the Jowhar corridor by improving water access and management to boost productivity. The Government … Continued

Ethiopian names ASKY head as new chief executive

Ethiopian Airlines has named Mesfin Tasew Bekele, its former chief operating officer and the current head of its joint-venture carrier ASKY Airlines, as its new chief executive. He will succeed Tewolde GebreMariam, whose early retirement due to ill-health was announced by the … Continued

Ethiopian Airlines CEO resigns over health issues

ADDIS ABABA, (Reuters) – Ethiopian Airlines CEO Tewolde Gebremariam, who transformed the airline into Africa’s biggest carrier, said on Wednesday he had resigned to focus on his medical treatment. In an internal memo to employees seen by Reuters he said … Continued

AU urges Africa to utilise fast-developing digital market

Addis Ababa – Africa should seize the fast-developing digital market space so as to boost access to goods and services across the continent, Monique Nsanzabaganwa, deputy chairperson of the AU Commission, said. The AU Commission deputy chief made the remarks … Continued