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UAE oo Hogaamineysa Diiwaanka Ganacsiga Adduunka – Maxaan Ka Baran Karnaa Guushooda?

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  Isku dayga UAE ee ah in ay noqoto hogaamiyaha ganacsiga adduunka ayaa mar kale ku guuleystay, iyadoo ku hogaamineysa Global Entrepreneurship Monitor (GEM) sanadkii afaraad oo xiriir ah. Guushan ayaa muujinaysa sida UAE ay ugu hogaamineyso dhinaca hal-abuurka iyo ganacsiga bilowga . Laakiin maxay tahay waxa ka dhigay UAE inay gaadho guulahaas, iyo maxay Soomaaliya iyo dalalka kale uga faa'iidaysan karaan tusaalahan? Sababaha UAE u Guuleysatay Taageerada Siyaasadda Dawladda Dawladda UAE waxay abuurtay jawi taageeraya ganacsiga, iyadoo bixineysa khamaarada cashuuraha , habraacyada fudud ee shatiga , iyo dhiirrigelinta maaliyadda si loo taageero ganacsiyada cusub. Intaas waxaa sii dheer, meel istiraatijiyadeed iyo suuq furan ayaa ka dhigtay UAE xarun ganacsi oo caalami ah. Maalgelinta Hal-abuurka iyo SMEs UAE waxay si xooggan ugu maalgelisay SMEs (Ganacsiyada Yaryar iyo Dhexdhexaadka ah) iyadoo $8.7 bilyan la maalgeliyay. Maalgelintaasi waxay abuurtay jawi hal-abuur leh...
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Challenges and Opportunities: Djibouti's Path to Financial Stability and Global Influence

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The recently concluded United Nations General Assembly (UNGA) session served as a platform for African leaders to advocate for a fairer and more standardized global financial system. Djibouti, in particular, seized the opportunity to call for greater financial inclusion and international cooperation. In this blog post, we explore Djibouti's quest for financial stability and examine the challenges it faces on its path to global influence.

The Quest for Equitable Global Finance:

Djibouti's Minister of Foreign Affairs, Mahmoud Ali Youssouf, underscored the urgent need to reform the international financial system. He argued that the existing framework often compels developing nations to resort to costly loans, leading to unsustainable public debts and hindering investments in critical areas such as the United Nations' Sustainable Development Goals (SDGs). Youssouf emphasized that inclusive multilateralism is essential for restoring trust in the United Nations among member states.

Djibouti's Financial Distress:

According to a Debt Sustainability Analysis (DSA), Djibouti was among the 22 African countries classified as "in financial distress" by the World Bank in 2022. This was primarily due to inadequate debt management and a significant and unexpected increase in public debt over five years. Djibouti even had to defer a debt payment of nearly $1.4 billion to China earlier in the year. Nevertheless, Youssouf remains optimistic about the country's progress toward achieving sustainable development goals, including maintaining a manageable public debt ceiling.

Djibouti's Commitment to SDGs:

Djibouti has incorporated the United Nations' Sustainable Development Goals (SDGs) into its national development plans, including the Djibouti Vision 2035. However, there are challenges in collecting data for specific SDGs, such as clean water and sanitation (SDG 6) and access to energy (SDG 7). These challenges are not unique to Djibouti and are shared by several African nations.

African Unity for Financial Equity:

Djibouti's call for a fairer financial system resonates with other African nations, including Kenya. President William Ruto of Kenya also emphasized the need for an equitable financial trading system to reduce the risk of default among developing countries during the Africa Climate Summit.

Djibouti's Renewable Energy Milestone:

Despite financial challenges, Djibouti recently inaugurated the Ghoubet Wind Power Station, a renewable energy project costing $122 million. This station is expected to generate approximately 60 megawatts of electricity, a significant step towards sustainable development.

The Port Controversy:

Djibouti's strategic location has granted it one of the world's busiest seaports. However, the country has faced challenges in reaping the benefits of this asset. A legal dispute with DP World, a global port operator, has further complicated the nation's financial stability.

Allegations Against the President:

Allegations of diverting port income into personal accounts and engaging in illicit activities with foreign security organizations have added to Djibouti's challenges. The seizure of assets worth $2.3 billion belonging to the ruling family by South African authorities has fueled these allegations.

Ethiopia's Port Diversification:

Ethiopia, a major player in Djibouti's port industry, is exploring alternative routes to diversify its access to ports, reflecting the government's 30-year integrated transport master plan. This move aims to reduce dependence on Djibouti's main seaport.

Djibouti faces a complex landscape of financial challenges, legal disputes, and regional hostilities. While advocating for a fairer global financial system and sustainable development, Djibouti must address its internal issues to fully benefit from international reforms. The path to financial stability and global influence demands a balanced approach to both domestic and international concerns.

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Ugandan Military Conducts Court Martial for Officers Accused of Cowardice in Al Shabaab Attack

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In a significant development, the Ugandan military has initiated a court martial trial for two of its high-ranking army officers accused of "cowardice" in the aftermath of a deadly attack on peacekeepers by the militant organization Al Shabaab in Somalia. The trial is currently taking place in Mogadishu, Somalia, temporarily serving as the location for this court martial. The accused officers, Major Steven Oluka and Major Zadock Obor, who were commanding officers of military bases in southwest Somalia, are facing two counts of cowardice following an Al Shabaab attack that led to the tragic deaths of 54 peacekeepers. The General Court Martial (GCM), presided over by Brigadier General Robert Mugabe, is conducting this trial. According to the official statement issued by the Ugandan military in Kampala, the capital of Uganda, the two senior commanders are alleged to have failed to inspire the military officers and soldiers under their command to fight bravely when confronted b...
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United Kingdom Fully Cancels Somalia's Historic Debt, Paving the Way for Economic Growth

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In a significant stride toward Somalia's economic revitalization, the United Kingdom has announced the complete cancellation of Somalia's historic debt through the Highly Indebted Poor Countries (HIPC) Initiative. Deputy Ambassador Sam Thomas conveyed this transformative decision during a meeting with Minister of Finance Bihi Iman Egeh in Mogadishu on Tuesday. "Today I confirmed to Finance Minister Bihi that the UK has cancelled 100% of Somalia's historic debts. As Somalia's debt relief champion, we are committed to helping attract investment and grow the Somali economy," stated the UK embassy in Mogadishu, underscoring their dedication to fostering investment and stability in Somalia. The cancellation of Somalia's debt comes as a pivotal development following the Paris Club's decision last month to cancel 99% of Somalia's debt. The Paris Club, comprising some of the world's wealthiest creditor nations, has played a crucial role in supporting S...
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UAE's Floating Hospital: A Lifeline for Gazans in Need

By Abubakar Hussein
In the heart of the city, inside Al Arish, a very special medical project is changing the life of Gazans hit by continuous war. Constructed within the compound of Operation Chivalrous Knight 3, the UAE Floating Hospital is among the few beacons of hope offering much-needed medical interventions to the most needy people. The hospital had executed more than 1,263 various surgeries since its operative date on February 24, 2024, providing life-saving interventions for the injured and much-needed medical treatment. A lifeline in time of crisis For Palestinians who have experienced terrible losses, the UAE Floating Hospital is a lifeline rather than only a symbol of cutting-edge medical technologies. The Prosthetics Centre of this project is among the most amazing features as the committed medical team there is working nonstop to give people who have lost limbs during the conflict mobility and dignity. So far the facility has fitted seven patients whereas plans are underway to manuf...
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Escalating Civilian Casualties in Somalia: UN's Stark Warning

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The United Nations' Special Envoy for Somalia, Catriona Laing, delivered a grim message to the Security Council regarding the alarming rise in civilian casualties in the troubled Horn of Africa country during the past year. The situation is primarily attributed to the ongoing insurgency led by jihadist group Al-Shabab and the conflicts in the breakaway province of Somaliland. In this article, we delve into the details of this concerning issue and the efforts being made to address it. The Ongoing Crisis: Somalia has been grappling with a protracted and brutal insurgency by the extremist group Al-Shabab since the start of the 21st century. Despite being driven out of major cities in 2011 and 2012, Al-Shabab continues to operate in vast rural areas, particularly in central and southern regions. The group consistently carries out attacks targeting government officials, civilians, and security forces, contributing to the rising civilian casualties. President's Pledge: Somali Preside...
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