WardheerNews Editorial Somalia’s accession to the East African Community in 2023, is a significant step that brings economic growth and unlocks new trade opportunities for the Somali people, whose entrepreneurship presence is already visible across member states. Despite that, Somalia’s membership has faltered, and it could end up losing its status. So far, the nine-member...
Basillioh Rukanga and Richard Kagoe, BBC News Somalia says it is ready to begin its first offshore oil drilling operations, with a Turkish government-owned drilling ship expected to arrive off its coast on Friday. The move follows the successful completion of seismic surveys last year by a Turkish research vessel. In a post on X,...
MOGADISHU – Somalia’s first offshore oil drilling campaign carries both economic and geopolitical significance, said a top Somali official on Sunday. “If successful, it could strengthen Somalia’s prospects for resource-led growth while also reinforcing Türkiye’s role as a trusted long-term partner in the country’s development,” Ali Omar, the state minister for foreign affairs, said in...
By Save the Children Mogadishu– Prices for food, fuel and water in Somalia soared in March, with conflict in the Middle East compounding a humanitarian emergency in the already fragile country where one in three people are going hungry. Fuel prices in Mogadishu surged 150% in March, from $0.60 to $1.50 per liter ($2.27 to...
ACCRA/BLANTYRE (Reuters) – African governments have imposed sharp fuel price increases as the Iran war sends global oil prices surging and threatens to spark inflation across the continent. African countries import most of their petroleum products, leaving many highly vulnerable to supply disruptions. South Africa, one of the continent’s largest economies, on Tuesday reduced its fuel levy for...
The United Arab Emirates has in recent days canceled the residency visas of Iranians outside the country, leaving some stranded abroad, according to accounts and information received by Iran International from affected individuals. Iranian residents discovered their visas had been revoked before returning to the UAE, preventing their re-entry, several affected individuals told Iran International,...
LAGOS, Nigeria (AP) — Lagos taxi driver Adegbola Isaac went to the gas station twice last weekend. Each time, the price in the Nigerian city had climbed further and hit 1,350 naira ($0.99) per liter, a nearly 35% increase since the Iran war started. That’s wiped out most of his daily profit. “It is hitting hard,” Isaac...
Africa grapples with energy crisis as Iran war disrupts fuel supplies across multiple economies, forcing governments to implement emergency measures and explore alternative supply sources. The interconnected nature of international petroleum distribution networks means that regional conflicts can rapidly transform into worldwide supply chain crises, forcing nations to confront their energy security vulnerabilities. These dynamics...
Addis Abeba – The Ethiopian National Coffee Association has issued an urgent market alert to farmers, suppliers, and exporters, warning of mounting financial risks as global coffee prices decline and stockpiling persists across the sector. “With global coffee prices currently on a downward trend, holding onto large stocks poses a severe financial risk. Delaying sales could...
NAIROBI (Reuters) – The war in the Middle East has reduced Kenyan meat exports to the region to below 5% of the expected level during the peak Ramadan season as a sharp increase in air freight costs grounds shipments, industry officials told Reuters. The Middle East is Kenya’s main market for meat exports, with the...