Saturday, September 19, 2020

Kenyan Forex Scammer Swindles Somalia MPs of US$ 59mln

About twenty Federal Republic of Somalia MPs were left in a lurch after a swindler, only identified as Abdalla disappeared with an estimated Ksh6...

Ethiopia Suspends Berbera Share to Develop New Port in Sudan

Ethiopia also took a 19 percent share on the new development of Berbera Port but it was reported this week that the project is...

Somaliland Parliament Untethers Fibre Optic Provision From Monopoly, Telesom, Somtel Welcome Move

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The House of the Representatives of the Republic of Somaliland, Saturday, took off all fetters from the free provision of Internet Fibre optic services...

SCAMMED! False Forex Traders Lure Victims Through Social Media Platforms

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A great number of sham Forex traders, using sponsored adverts on social media, continue to filch millions of hard-earned savings of hapless 'investors' As soon...

Constructing Commercial Empire: The United Arab Emirates in the Red Sea and the Horn

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Almost a decade ago, the late Ethiopian prime minister Meles Zenawi described a “nightmare” he had for his country: “an Egyptian agenda that is...

Somalia: African Development Bank Group Approves Framework to Clear Nation’s Arrears

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The African Development Bank and African Development Fund today approved a framework  for $122.55 million to clear Somalia’s arrears, paving the way for the...

Ethiopia’s Oil Supply Constrained by Djibouti Logistics Battle

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Ethiopia, whose energy needs are constantly growing, remains dependent on Djibouti's infrastructure policies - and keeps demanding more. But the announced extension of the...

Next Steps to U.S.-Kenya Free Trade Agreement

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A Kenya-U.S. Free Trade Agreement (FTA) would build on the success Kenya has experienced in producing and exporting a range of value-added products to...

IMF and World Bank Consider Somalia Eligible for Assistance Under the HIPC Initiative

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The Executive Boards of the International Monetary Fund (IMF) and World Bank met, on February 12 and 13, respectively, to consider Somalia’s eligibility for...

Somaliland, UAE Cooperate on Camel Milk Production, Promotion

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Somaliland and the United Arab Emirates have engaged in a joint effort to help camel farmers improve the quality and quantity of camel milk...