ADDIS ABABA (Xinhua) — Africa’s gross domestic product (GDP) growth is projected to rebound, reaching 3.8 percent in 2025 and 4.1 percent in 2026, a report by the United Nations Economic Commission for Africa (UNECA) has revealed. The report was released Wednesday in Addis Ababa, the capital of Ethiopia, during the 57th session of the...
By Mohamed A. Abdullahi A nation, with a long history of conflict, political instability, and economic trials, Somalia stands on the threshold of a transformative opportunity: oil exploration and production. With prospects of having vast untapped hydrocarbon reserves- with some rough estimates of 30 billion barrels of oil and gas reserves, off and onshore collectively,...
By The Maritime Executive Ethiopia and Somalia are on a path for renewed cooperation after the two sides agreed to end the Somaliland port dispute. Last week, Ethiopian Prime Minister Abiy Ahmed toured Mogadishu and held talks with Somalian President Hassan Sheikh Mohamud. Top on the agenda of the meeting was Horn of Africa security as...
NAIROBI, (Xinhua) — Kenyan President William Ruto said on Sunday that the government will revise visa and Electronic Travel Authorization (eTA) requirements for passengers arriving at the Port of Mombasa as part of efforts to boost cruise tourism. Ruto said the multiple-entry eTA will allow cruise tourists seeking to explore Mombasa to move freely between...
By Mohamed Mukhtar Ibrahim The latest statistics on trade and investment between the United Kingdom and Somalia, released on 21 February 2025, paint a concerning picture of a declining relationship. Bilateral trade has plummeted over the past year, with exports and imports experiencing significant drops. This downward trend raises questions about the future of economic...
ISTANBUL –The world must listen to “what Africa has to say” and take Africa’s concerns “seriously,” China’s Foreign Minister Wang Yi told the Group of 20 (G20) nations, according to an official statement released in Beijing Friday. “We must listen to what Africa has to say, take Africa’s concerns seriously, support Africa’s actions, and work...
The African Union announced Monday that Libya will host the 2026 African-Turkish Summit. The decision was adopted during the 38th African Union summit held in Addis Ababa, Ethiopia from Feb. 15-16, according to a statement from Libya’s Presidential Council. “This decision is the result of the diplomatic efforts made by the Libyan delegation during the summit, led by...
By Terence Baker, CoStar The stakeholders involved in bringing a luxury hotel to Mogadishu, Somalia, hope the development can begin to rehabilitate the image of the Eastern African nation. In December, developers broke ground on the Mogadishu Rotana, a 261-room hotel with an additional 60 apartments near Aden Adde International Airport, the main airport in Somalia’s...
As African leaders gather for the 38th African Union (AU) Summit, the call for a visa-free continent has taken center stage. The AUC and the African Development Bank (AfDB) have jointly urged African governments to accelerate the removal of visa restrictions that continue to hinder regional integration, trade, and economic development. Speaking at the High-Level...
By Mohamed Abdiwahid Abdullahi A nation, with a long history of conflict, political instability, and economic trials, Somalia stands on the threshold of a transformative opportunity: oil exploration. With prospects of having vast untapped hydrocarbon reserves, both off and onshore, the east African nation could leverage its natural resources to propel economic growth and stability....