The London Court of International Arbitration has ruled that the Government of Djibouti cannot terminate its agreement with the Dubai-based DP World over the control of the Doraleh Container Terminal. DP World said in a press statement that the court’s decision comes after Djibouti attempted to terminate its agreement with the UAE company and replace

Ethiopia reopened its embassy in the Eritrean capital Asmara on Thursday, the state-affiliated Ethiopian Fana Broadcasting said, a further sign of improving ties after the Horn of Africa neighbours signed a peace accord on July 9. Eritrean and Ethiopian leaders have moved swiftly in the past two months to end two decades of hostility since

Asmara-Somali Times. The capital city of Asmara in Eritrea was in a three-dimensional between Somalia, Ethiopia and Eritrea, with the leaders of the countries to discuss how to reach solution issues between Djibouti and Eritrea. Somali Foreign Minister Ahmed Issa Awad speaking to the media said the leaders of Somalia, Eritrea and Ethiopia discussed the

The U.S.’s rift with it’s NATO ally Turkey is “madness” and the smart people are currently investing in Turkish assets, Jim Rogers, one of the world’s best-known investment gurus, told Anadolu Agency on Wednesday. “It is madness. I have no idea why America is doing this. Turkey has been a long-term ally of the U.S.

The President of the Federal Republic of Somalia, HE Mohamed Abdullahi Mohamed visited Huawei’s Beijing Executive Briefing Centre and met with Yi Xiang, SVP at Huawei. president Mohamed said he looks forward to seeing Huawei contributing to a digitalised Somalia. He expected Huawei’s active involvement in the construction of Somalia by leveraging the power of

Dutch bank ING has paid 775 million euros ($897 million) to settle a huge money laundering case in the Netherlands, prosecutors said Tuesday. The country’s financial prosecution service said in a statement that ING for years failed to adequately implement a law aimed at preventing money laundering and the financing of terrorism by not carrying

South African President Cyril Ramaphosa on Monday dismissed allegations of China practising colonialism in Africa, saying China instead has been a partner in boosting social and economic development on the continent. Ramaphosa made the remarks in a speech delivered at the opening ceremony of the 2018 Beijing Summit of the Forum on China-Africa Cooperation (FOCAC)

Chinese President Xi Jinping on Monday pledged $60 billion in financing for projects in Africa in the form of assistance, investment and loans, as China furthers efforts to link the continent’s economic prospects to its own. Speaking to a gathering of African leaders in Beijing, Xi said the figure includes $15 billion in grants, interest-free

Beijing-Chinese President Xi Jinping said on Monday that China is willing to cooperate with Africa to forge closer business ties, noting that China welcomes African entrepreneurs who want to come to China to do business and that Beijing also encourages Chinese businessmen to invest in Africa. Xi made the remarks in a speech at the

Beijing-The President of the Federal Republic of Somalia, HE Mohamed Abdullahi Mohamed, and the Prime Minister of Ethiopia, Dr Abiy Ahmed. President Mohamed and Prime Minister Abiy Ahmed discussed the importance of the China-Africa Cooperation Forum in the region and how the countries of the Horn of Africa will benefit from the current investment opportunities.