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...
MINNEAPOLIS — Rows of businesses stood shuttered inside a sprawling complex of Somali businesses on a recent afternoon. Karmel Mall in south Minneapolis contains more than a hundred small businesses in suites offering everything from clothing and food to insurance and accounting services. On Thursday, the noisy hallways inside lay quiet, save for occasional chatter between neighboring vendors....
ISTANBUL – China’s Foreign Minister Wang Yi said it is the “opportune time” to enhance strategic mutual trust and deepen strategic cooperation between Beijing and the African Union (AU), according to a statement Tuesday. “China is the largest developing country, and the African Union is the regional organization with the most developing countries. It is an...
STANBUL, (Reuters) – Turkey will send a drilling vessel to Somalia in February to carry out the country’s first deepwater exploration project abroad, Energy Minister Alparslan Bayraktar said on Wednesday. He said the operation with the Cagri Bey vessel will focus on offshore areas in Somali waters, but did not provide details on targeted reserves...
By Balal M. Cusman The geopolitical landscape of the 21st century is marked by multipolar competition, shifting economic networks and strategic recalibrations by global powers. From my perspective as an observer of international politics, Africa – home to vast human and natural resources, dynamic youth populations and emerging markets – is increasingly central to global...
Türkiye’s industrial group OYAK and Somalia’s Fisheries and Blue Economy Ministry have signed a strategic cooperation and services agreement to cooperate in the fisheries sector. Wednesday’s signing ceremony, held at OYAK headquarters in the capital Ankara, was attended by Turkish National Defence Minister Yasar Guler, Somali Ports and Marine Transport Minister Abdulkadir Mohamed Nur, Somali...
By FRED HARTER; AP Ethiopia ‘s prime minister loves big projects. With a mega-dam completed on the Nile, Abiy Ahmed now plans Africa’s largest airport and a nuclear power plant. But the threat of war is back as the landlocked nation seeks its most audacious feat yet: access to the sea. The prime minister hailed the country’s...
ABIDJAN, Ivory Coast (AP) — Nouhoun Sidibè was a herder, like his father and grandfather, and took pride in his identity as a pastoralist. That’s until the day armed men descended on his home in northern Burkina Faso and seized all his livestock. Within minutes on that day in 2020, the father of four lost everything. For...
LONDON, (Reuters) – AAfrica nears record $1 trillion in state-owned assets under managementfund tracker GlobalSWF. Assets managed by public pension funds, central banks and sovereign wealth funds have grown as the continent is increasingly turning inward for investment due to cuts in concessional finance and aid. “African (institutions) are at an all-time high, with circa...