Saturday, June 15, 2024
Wardheer News

Somali to sign Treaty of Accession with EAC today

The Federal Republic of Somalia is inching closer to joining the East African Community, as it moves to sign a Treaty of Accession with the bloc at State House, Entebbe, Uganda today.   The Treaty of Accession will be signed … Continued

Ethiopia Is About to Become Africa’s Next Debt Defaulter

(Bloomberg) — Ethiopia looks set to miss an interest payment due later on Monday on its December 2024 dollar bond, becoming the latest emerging-market sovereign to default on debt.  The country’s finance ministry said on Friday, it was “not in … Continued

Top Banker Says Kenya Shilling’s Weakening Has Peaked

(Bloomberg) — The head of Kenya’s largest bank by market value said the depreciation of the East African country’s currency, which has weakened almost 20% against the dollar this year, has peaked. “We seem to have reached the peak,” Equity … Continued

African-Nordic Ministers Agree to Confront Terrorism

The African-Nordic ministerial meeting agreed to transform challenges into cooperation and partnership opportunities to address conflicts and terrorist threats, especially in the Sahel-Saharan region. Algerian Foreign Minister Ahmed Attaf delivered a speech at the conclusion of the 20th session of … Continued

EAC raises concerns over new hostilities in Eastern DR Congo

The East African Community (EAC) is expressing concerns over renewed hostilities between armed groups fighting in the North Kivu region of Eastern Democratic Republic of Congo (DRC), in what could signal violations of an agreed ceasefire. So far, armed confrontations … Continued

Ethiopia’s first new mine in 30 years nears funding package completion

Aim-listed Kefi Gold and Copper has completed the last of many special permissions and policy changes agreed with the Ethiopian authorities over the years since Kefi assumed control of the Tulu Kapi gold project. The Tulu Kapi project is now finally fully permitted with only procedural administrative confirmations … Continued