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...
By Ahmed Bashir In many markets across East and Central Africa, Somali traders dominate entire sectors—from fuel distribution and transportation to cement imports and wholesale food supply. Their shops are busy, their warehouses full, and their trucks constantly on the road. To an outside observer, it looks like a powerful model of entrepreneurial success, with...
Taxes, regulations could further destabilize Somalia By Atra Mohamed, Minnesota Reformer Since the start of Operation Metro Surge in December, the Trump administration has waged an economic battle on the Somali community, using the threat of detention — including of legal residents, citizens, as well as refugees who had their temporary protected status revoked —...
NAIROBI, Kenya — Surging oil prices triggered by the war with Iran are rippling across African economies, threatening higher fuel costs, rising inflation and renewed pressure on currencies across the continent. Africa imports most of the petroleum products it consumes, leaving many economies highly vulnerable to supply disruptions tied to tensions in the Middle East, a region central to...
DAKAR, Senegal (AP) — When Senegalese farmer Pape Fall first downloaded TikTok, it was to watch football and funny videos. In the last two years, however, he’s experimented with it to promote his produce and now sells most of it via the platform. A looped video on his TikTok profile shows a pile of cucumbers...
Drilling activities off the coast of Somalia are scheduled to commence between April and May of this year By Salong Debbarma, Offshore technology Türkiye plans to launch oil exploration operations in Somali waters using its drilling ship the Cagri Bey as it aims to increase its activities in oil and natural gas both domestically and overseas. Türkiye...
Kenya’s border with Somalia will re-open in April almost 15 years after it shut because of attacks by Islamist militant group al-Shabab, President William Ruto has announced. Based in Somalia, the group has masterminded a series of deadly assaults in Kenya including one on a shopping centre in the capital, Nairobi, killing 67 people in...
Al Jazeera Further east, the UK has officially backed the territorial integrity of Somalia – while holding a stake in a strategic port in the breakaway region of Somaliland that it does not recognise. These decisions and moves by the UK, say analysts, raise doubts about whether its words are in keeping with its actions...
GENEVA– Europe’s reliance on US-controlled payment systems leaves the bloc exposed to political pressure and economic disruption, the chair of the European Parliament’s economic and monetary affairs committee warned Wednesday. “I must admit that I am concerned when I hear the president’s speech,” Aurore Lalucq said, referring to remarks by European Commission President Ursula von...