Turkey benefits under oil agreement with Somalia corrupt president

File Photo/Somali Times Turkey benefits from Hassan Sheikh’s oil deal with Somalia, which regional administrations have not agreed on how to share the resources. Read: Somalia corrupt president Hassan Sheikh planning to sell Nugal Valley Basin 1- The Turkish government is benefiting greatly from the oil deal it recently signed with Hassan Sheikh, which aims

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Top 10 largest investment management companies in Africa 2025

Africa’s largest asset manager, PIC oversees South Africa’s Government Employees Pension Fund. Photo Credit: Daily Nation By The African Exponent Africa’s investment landscape in 2025 showcases a dynamic blend of established institutions and emerging firms, reflecting the continent’s economic growth and diversification. In 2025, Africa’s wealth management market is projected to reach US$843.61 billion in

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Oil prices rise on short-covering, but tariff worries linger

By Reuters Oil prices climbed on Tuesday as investors took advantage of the previous day’s losses to cover short positions, although concerns persisted over economic headwinds from tariffs and U.S. monetary policy that could dampen fuel demand. Brent crude futures rose 42 cents, or 0.6%, to $66.68 a barrel at 0620 GMT. The U.S. West

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Chinese agriculture poised for breakthroughs in new quality productive forces

By Xinhua News Agency A latest report projects systemic breakthroughs in China’s new quality productive forces in terms of agriculture over the next decade, with grain yield per unit area expected to increase by 7.8 percent. The China Agricultural Outlook Report (2025-2034), released at the 2025 Agricultural Outlook Conference held at the Chinese Academy of

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African Space Agency’s headquarters inaugurated in Egypt’s Cairo

By Xinhua News Agency Egypt inaugurated on Sunday the headquarters of the African Space Agency (AfSA) in the Egyptian Space City in Cairo. “Egypt has made extensive efforts to establish the agency, which embodies the vision of ‘The Africa We Want’ outlined in the African Union’s Agenda 2063,” Egyptian Foreign Minister Badr Abdelatty said at

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Pope Francis dies at 88 after prolonged illness: Vatican

By Anadolu Agency Pope Francis died at age 88 after suffering a prolonged illness, the Vatican announced on Monday. He suffered a “prolonged asthma-like respiratory crisis” associated with thrombocytopenia, according to a previous Vatican statement. Francis was born in Buenos Aires on Dec. 17, 1936, to Italian immigrant parents. He studied in Argentina and later

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UN chief ‘gravely concerned’ about US airstrikes in Yemen

By Anadolu Agency UN Secretary-General Antonio Guterres has expressed concern over the recent US airstrikes in and around Yemen’s port of Ra’s Isa, his spokesman said Saturday. Guterres is “gravely concerned about the airstrikes conducted by the United States over the course of 17 and 18 April in and around Yemen’s port of Ra’s Isa,

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Ugandan students celebrate International Chinese Language Day with cultural performances

Students write Chinese characters during an International Chinese Language Day event at Makerere University in Kampala, Uganda, April 17, 2025. TO GO WITH “Ugandan students celebrate International Chinese Language Day with cultural performances. Photographer Nicholas Kajoba By Xinhua News Agency Hundreds of students from schools and institutions across Uganda gathered on Thursday to celebrate the

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US will abandon Ukraine peace push if no progress soon, Trump and Rubio say

U.S. Secretary of State Marco Rubio arrives at the Quai d’Orsay, France’s Ministry of Foreign Affairs, before a bilateral meeting with his French counterpart in Paris, France April 17, 2025. Pool via Reuters/Julien de Rosa By Reuters The United States will walk away from efforts to broker a Russia-Ukraine peace deal unless there are clear

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Russian envoy says Germany would enter war if it delivers Taurus missiles to Ukraine

By Anadolu Agency Russia’s permanent representative to the UN said Thursday that Germany would be directly involved in the war in Ukraine if it delivers Taurus long-range missiles to Kyiv. “Yes, it would,” Vassily Nebenzia told Anadolu when asked whether such a move would mean Germany becoming a direct party to the conflict. He accused

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