Skip to main content

Follow

Wararka Maanta

Ciidanka Qaranka oo Guul Kale Ka Gaarey Ruun-Nirgood: Midnimo Qaran oo ka Dhan ah Argagixisada

By
  Ruun-Nirgood, Soomaaliya – Saaka aroortii hore ayaa ciidamada Xoogga Dalka Soomaaliyeed (CXDS), oo ay garab socdaan ciidamada deegaanka, qaaday weerar qorsheysan oo ay ku qaadeen saldhigyo muhiim ah oo ay kooxda Al-Shabaab ku lahayd degmada Ruun-Nirgood ee gobolka Shabeellaha Dhexe. Howlgalkaas guuleystay ayaa lagu burburiyay xarumo muhiim u ahaa kooxda, halka saldhiggii ugu weynaa ee deegaanka laga saaray gacantooda. Sida uu sheegay guddoomiyaha degmada, ciidamada ayaa hadda wadaan hawlgallo lagu raadinayo xubno argagixiso ah oo ku firxaday duleedka degmada. Tani waxay muujineysaa biseylka iyo isku-duubnida ciidamada Soomaaliyeed iyo shacabka oo garab taagan. Ma aha oo kaliya dagaal gudaha ah — waa halgan ay Soomaaliya uga jirto sugidda amniga gobolka iyo caalamkaba. Ciidamada qaranka ayaa dagaal ugu jira magac, dal iyo dad Soomaaliyeed. Madaxweyne Xasan Sheekh Maxamuud, oo dhowaan booqday furimaha dagaalka, ayaa dhiirrigelin xooggan u muujiyay ciidanka, taasoo kor u qaadday ni...
Post a Comment

UAE's Increasing Investments in Africa: A Strategic Move Toward Economic Expansion

Image
By
In recent years, the United Arab Emirates (UAE) has emerged as a significant investor in the African continent, pledging billions of dollars to foster economic development across various sectors. According to Bloomberg reports, between 2022 and 2023 alone, the UAE committed a staggering $97.3 billion in investment pledges to Africa, showcasing its growing interest in the region's burgeoning economies.

The UAE's investment trajectory reflects a strategic approach aimed at deepening trade ties and securing future economic growth opportunities, particularly in light of its 2021 plan to strengthen relations with countries in Africa and Asia. Notably, the country's pledge of $35 billion to Egypt underscores its commitment to bolstering partnerships within the continent.

Thani Al Zeyoudi, the Emirati Minister of State for Trade, emphasized the UAE's intent to aggressively open markets with numerous countries, signaling a proactive stance towards expanding its global footprint. Al Zeyoudi's remarks also alluded to the competitive landscape, acknowledging the potential for increased competition as a means to enlarge the economic "pie" and subsequently enhance the UAE's share within it.

Comparatively, the UAE's investment pledges have surpassed those of other major players, including China, France, the UK, and the US. Despite China's substantial investments amounting to $28.7 billion and France's commitments totaling $31.9 billion during the same period, the UAE has emerged as a formidable contender in Africa's investment landscape.

A closer look at some of the UAE's investment initiatives reveals a focus on diverse sectors and partnerships with key African economies. Companies from the UAE have predominantly directed their attention towards more developed African nations such as Egypt, Morocco, South Africa, and Kenya. Notable examples include AMEA Power's $15 billion commitment to green hydrogen production and renewable projects across Africa, as well as the International Holding Company's acquisition of a majority stake in Zambia's Mopani Copper Mines for $1.1 billion.

Furthermore, initiatives such as Masdar's $4.5 billion climate financing for Africa and AMEA Power's $1 billion equity investment underscore the UAE's commitment to sustainable development and environmental initiatives on the continent.

While investment pledges do not directly translate to actual expenditure, there is growing optimism regarding the UAE's role as a significant source of foreign direct investment (FDI) in Africa over the next five years. Rassem Zok, CEO of Standard Bank Group Limited, Middle East and North Africa, anticipates a return to robust growth in FDI, with projections suggesting a surge in investments from the UAE in the coming years.

In Nigeria, the UAE has solidified its position as a key contributor to foreign investment, with inflows totaling $375.01 million between Q4 2022 and Q3 2023. However, despite its economic significance, diplomatic tensions stemming from Nigeria's visa ban on Emirati citizens in October 2022 highlight the complexities of bilateral relations.

In conclusion, the UAE's increasing investments in Africa represent a strategic endeavor to diversify its economic interests and capitalize on the continent's growth potential. As the UAE continues to forge partnerships and expand its presence in key African markets, its role as a major driver of economic development in the region is poised to strengthen in the years ahead.

Comments

Post a Comment

Maant iyo Soomaaliya

Escalating Civilian Casualties in Somalia: UN's Stark Warning

By
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...
Post a Comment
Read more

Somalia Unites Against al-Shabaab: Government and Scholars Join Forces

By
In a significant development at the Presidential Palace in Mogadishu, Somali President Hassan Sheikh Mohamud met with a group of religious experts on Friday to discuss the ongoing conflict against the extremist group al-Shabaab. The President expressed gratitude to the scholars for their support in the government's efforts against what he referred to as the adversaries of Islam and Somalia. President Mohamud emphasized the scholars' crucial role as inheritors of Somalia's esteemed religious legacy. He urged them to utilize their expertise and influence to combat the radical ideology of al-Shabaab, which he described as rooted in ignorance and violence. Responding to the president's call, the religious experts declared their solidarity with the government's mission to fight al-Shabaab and restore stability to the country. Condemning the crimes committed by the extremist group, the scholars asserted that such activities are contrary to the teachings of I...
Post a Comment
Read more

UAE: Strategic in Humanitarian Response - Empowerment of Chad's Sudanese Women Refugees

By Abubakar Hussein
The UAE has again manifested unparalleled devotion and commitment to the international humanitarian agenda, notably in support of women affected by conflict situations. In one such latest display of goodwill, the UAE announced new humanitarian initiatives in Chad, along with a handsome contribution of $10.25 million to the United Nations, with a focus on extending requisite succor to Sudanese women refugees severely hit by the crisis engulfing Sudan at the moment. UAE: A Holistic Approach in Humanitarian Aid Contributions by the UAE are more than just financial; they work to focus on a holistic approach that underlines healthcare, psychosocial support, and sustainable empowerment of the affected communities. This contribution indeed shows that the UAE does not only look at relief but at long-term community resilience. It certainly is a reflective approach toward humanitarian aid, whereby resources are used effectively to target immediate and future needs of women and children in any cr...
Post a Comment
Read more

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

By
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...
Post a Comment
Read more

Privacy Policy