JOHANNESBURG (AP) – The European Union says it has approved 100 million euros ($116 million) in its first-ever budget support to Somalia’s government in the latest sign of confidence in a country long shattered by conflict. The EU announcement comes a day after the World Bank said it would provide $80 million in direct financing

Washington-The World Bank Group’s Board of Directors endorsed the first four-year Country Partnership Framework .CPF for Somalia and approved two investment programs worth $80 million. The CPF outlines the Bank’s strategy to support the government’s goal to expand service delivery, build resilience to climatic shocks, and boost economic opportunities in Somalia. As the country’s first

The two sides had already slapped tariffs on $50 billion worth of each other’s goods. For U.S. consumers, the new duties could translate into higher prices for Chinese products ranging from vacuum cleaners to technology gear such as home modems and routers, while U.S. goods targeted by Beijing include liquefied natural gas and certain types

China summoned the U.S. ambassador in Beijing and postponed joint military talks in protest against a U.S. decision to sanction a Chinese military agency and its director for buying Russian fighter jets and a surface-to-air missile system. Chinese Deputy Foreign Minister Zheng Zeguang summoned Ambassador Terry Branstad to lodge “stern representations”, the foreign ministry said.

Despite a difficult economic and political environment, the Somali authorities are building a good track record of policy and reform implementation. The authorities are completing the preparatory steps for the launch of the new national currency, a high priority in their reform agenda. An International Monetary Fund (IMF) staff team led by Mohamad H. Elhage

Relations between Washington and Ankara will strengthen with investment and trade President Recep Tayyip Erdoğan said on Wednesday in his speech to top U.S. executives at the Presidential Palace Complex in Ankara. Turkey will not compromise on free-market principles, Erdoğan said according to the text of his speech seen by Reuters, and Turkey will continue

Britain should not give preferential treatment to citizens from the European Union in its post-Brexit immigration system, a report commissioned by the British government said on Tuesday. The Migration Advisory Committee (MAC), an independent body which gives the government advice on migration, also said Britain should make it easier for higher-skilled workers to migrate than

Mogadishu – The Minister of Foreign Affairs and International Cooperation of the Federal Republic of Somalia Mr Ahmed Issa Awad has received his office in the European Union Special Representative for Somalia, Dr Fulgencio Garrido Ruiz. Mr Ahmed Issa Awad, the Special Representative of the UN Secretary-General (SRSG), addressed the two sides, including the latest

Leaders from Ethiopia and Eritrea signed a “peace agreement” on Sunday during a summit in Saudi Arabia, yet another sign of warming ties between two nations that have faced decades of war and unease. Terms of the agreement signed by Ethiopian Prime Minister Abiy Ahmed and Eritrean President Isaias Afwerki weren’t immediately clear. Saudi authorities

Muscat: In an interview, Kiprono Kittony, National Chairman of the Kenya National Chamber of Commerce & Industry, expressed his country’s interest in the Omani market and its keenness to make use of the Omani Products Exhibition (Opex) 2018 in Kenya from October 29 to November 1, 2018. Excerpts: How important is the visit of the