The European Union (EU) has approved a €100 million ($116m) budget to support Somalia’s government – the first time the EU has dedicated funds to the Horn of Africa nation.
The World Bank has approved $80 million in grants for Somalia to fund public finance reforms – the organisation’s first disbursement to the conflict-ridden country in 30 years.
Ethiopian prime minister Abiy Ahmed says the World Bank will provide $1 billion in budget support for the country over the coming months, thanks to his sweeping reforms since coming into office earlier this year.
Rwanda Development Board (RDB) has revealed that Portugal was the largest external investor in the country in 2017 – accounting for 23.8% of the top ten foreign investors last year. Portuguese firm Mota Engil Engenharia e Construcao Africa is behind
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South Sudan has resumed pumping crude oil from Toma South oil field almost five years since operations were halted by the country’s civil war.
Somalia President Mohamed Abdullahi Farmajo arrived in Djibouti on Thursday amid diplomatic tensions between the two Horn of Africa nations.
Uganda President Yoweri Museveni has called on young people in the country to “wake up” and pull themselves out of poverty and joblessness.
An Arbitral Tribunal of the London Court of International Arbitration (LCIA) has ruled that the Djibouti government’s seizure of the Doraleh Container Terminal from DP World was illegal.
Rwanda has shrugged off the US’ decision to suspend its duty-free benefits for exporting clothes to the States – President Donald Trump’s latest move in a supposed “trade war”.
Eritrea and Somalia’s leaders have agreed to restore diplomatic relations between the two nations following years of animosity.
