Business

Geopolitics Headache: Abiy evokes, Afwerki dares and Farmajo stuns!

Since Abiy becomes the prime minister of Ethiopia April this year, closely eight months ago, he makes and embarks unprecedented transformation in Ethiopia. First, he withdrew Ethiopian troops from the disputed land between Ethiopia and Eritrea, especially the border city BADME and submitted to Eritrea. The two countries had been at loggerheads for more than

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PM May battles to save Brexit deal as ministers quit

LONDON (Reuters) – Prime Minister Theresa May battled on Thursday to save a draft divorce deal with the European Union after her Brexit secretary and other ministers quit in protest at an agreement they say will trap Britain in the bloc’s orbit for years. Just over 12 hours after May announced that her team of

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What are the benefits of Somalia in having business with Ethiopia and Eritrea?

Mogadishu-Landlocked nation in talks with nations to build naval base, Ethiopia to rewrite part of foreign, national security policy, Ethiopia is considering adding a space force to its defense capabilities in a process to modernize the country’s military. Political and economic reforms, Prime Minister Abiy Ahmed began implementing after coming to power in April. The

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UN lifts sanctions on Eritrea, keeps arms embargo on Somalia

The U.N. Security Council has voted unanimously to lift sanctions against Eritrea following its thaw in relations with Ethiopia and other neighboring countries. Ethiopia’s U.N. ambassador and other council members spoke immediately after Wednesday’s vote and welcomed the positive developments in the Horn of Africa. The Security Council imposed an arms embargo and other tough

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U.S. senators alarmed if China gets control of Djibouti port

Two prominent U.S. senators expressed alarm on Tuesday about the military and political consequences if China gains control of a port terminal in Djibouti, and said they were concerned it could further boost Beijing’s influence in East Africa. In a letter to Secretary of State Mike Pompeo and Secretary of Defense Jim Mattis, Republican Senator

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U.N. Security Council set to lift Eritrea sanctions on Wednesday

The United Nations Security Council is set to vote on Wednesday to lift a nearly decade-old arms embargo and targeted sanctions on Eritrea, diplomats said, after the country’s rapprochement with Ethiopia and thawing of relations with Djibouti Diplomats, speaking on condition of anonymity, said the 15-member council completed negotiations on Monday and agreed on a

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World Bank approves $20m to upgrade Djibouti residential conditions

The World Bank has approved an International Development Association (IDA) package of $20 million to support Djibouti’s efforts to improve the living conditions for residents of urban areas, achieve its Zero Slum strategy. Funded with a US$20 million from IDA, the World Bank’s fund for the poorest countries, combining credit and grant, the Integrated Slum

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EU executive to recommend exempting Britons from visas after Brexit – sources

BRUSSELS (Reuters) – The European Union’s executive is due to propose on Tuesday that Britons be allowed to visit the bloc without visas after Brexit, diplomatic sources and officials in Brussels said. EU Brexit negotiator Michel Barnier will update the European Commission on divorce negotiations with Britain, which British Prime Minister Theresa May said were

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Erdogan, Trump meet over dinner in French capital

Turkish President Recep Tayyip Erdogan and his U.S. counterpart Donald Trump chatted for a while on Saturday during a dinner hosted by the French leader. Erdogan arrived in Paris on Saturday at the invitation of French President Emmanuel Macron to attend the Armistice Day commemorations. The dinner was given by Macron in the honor of

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Eritrea, Ethiopia pledge to respect Somalia’s sovereignty

The leaders of Ethiopia and Eritrea have pledged to respect the ‘sovereignty, territorial integrity and political independence’ of Somalia, following a second tripartite meeting, held in the Ethiopian city of Bahir Dar. In a joint statement issued after the meeting of Ethiopia’s Abiy Ahmed, Eritrea’s Isaias Afwerki and Somalia’s Mohamed Abdullahi Farmajo agreed to consolidate

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