China’s Xi willing to work with Angola as it moves on from oil

Angola’s President Joao Lourenco, left, shakes hands with Chinese President Xi Jinping during the Forum on China-Africa Cooperation held at the Great Hall of the People in Beijing September 3, 2018. Photographer Andy Wong/File Photo By Reuters Chinese President Xi Jinping said he would support Chinese firms that invest in Angola’s agriculture and manufacturing sectors,

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Montenegro ready for EU membership: Hungarian foreign minister

By Anadolu Agency Montenegro is ready to become a member of the European Union, Hungarian Foreign Minister Peter Szijjarto said Thursday “The Hungarian government’s stance is clear: Montenegro is ready for EU membership,” said Szijjarto after meeting with his counterpart Filip Ivanovic during his visit to the Montenegrin capital Podgorica. Speaking at a joint press

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Paris Club creditors agree to cancel over $2bn of Somalia debt

File Photo/Somali Times By Xinhua News Agency The Paris Club creditors on Wednesday agreed to cancel more than $2 billion of debt Somalia owed to its members in a bid to help it restore its debt sustainability. The debt relief represents 99 percent of the credit Somalia owed to Paris Club members as of January

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South Africa’s foreign minister says citizens fighting with Israeli forces in Gaza will be arrested

File – South Africa’s Foreign Minister Naledi Pandor addresses reporters after session of the International Court of Justice, or World Court, in The Hague, Netherlands, Friday, Jan. 26, 2024. South Africa’s foreign minister says her country’s citizens who fight in the Israeli armed forces or alongside them in Gaza will be arrested when they return

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Somalia taps $100m from UN-backed Green Climate Fund

People arrive to attend the Pledging Conference of the Green Climate Fund (GCF) for the First Replenishment in Paris, France on October 25, 2019. Credit Photo/Reuters By Xinhua News Agency The United Nations-backed Green Climate Fund (GCF), believed to be the world’s largest multilateral climate fund, has committed $100 million for a climate action investment

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Somalia PM Hamza rejected an oil drilling agreement with Liberty Petroleum

File Photo/Somali Times The Prime Minister of Somalia, Hamza Abdi Barre, strongly opposed a recent agreement with an American company called Liberty Petroleum. The agreement rejected by Prime Minister Hamza was signed by the American company with the Minister of Petroleum and Minerals of Somalia, Abdirisaq Omar Mohamed. Read: Why is Somalia an unfortunate country?

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African Development Bank chief criticizes opaque loans tied to Africa’s natural resources

Akinwumi Adesina, President African development bank, speaks during an interview with The Associated Press in Lagos Nigeria, Tuesday , March. 5, 2024. The head of the African Development Bank is calling for an end to loans given in exchange for the continent’s rich supplies of oil or critical minerals used in smartphones and electric car

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US intelligence warns Netanyahu’s far-right government ‘may be in jeopardy’

By Anadolu Agency The US intelligence community has warned that Israeli Prime Minister Benjamin Netanyahu’s government “may be in jeopardy” amid growing public discontent against his leadership. “Netanyahu’s viability as leader as well as his governing coalition of far-right and ultraorthodox parties that pursued hardline policies on Palestinian and security issues may be in jeopardy,”

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Somalia Hassan Sheikh’s government is facing a widespread financial crisis and the causes

File Photo/Somali Times The government of President Hassan Sheikh Mohamoud is reported to be difficult economic times. In general, the capital city where the government sits is reporting a type of financial crisis that has not been seen in recent times by the public and politicians. Read: Why is Somalia an unfortunate country? Every time

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Banks fight bid to limit right to sell loan property

Banks have opposed a petition seeking to compel them to obtain court orders before selling off any property charged as security for loans. Photo/Shutterstock By Business Daily Africa Kenyan commercial banks have opposed a petition that seeks to compel them to obtain mandatory court orders before selling off any property charged as security for loans

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