Shipping companies worry about impact of return of Somali pirates in Indian Ocean waters on maritime trade
More than 20 attempted hijackings since November have driven up prices for armed security guards and insurance coverage and raised the spectre of possible ransom payments, according to five industry representatives.
Ethiopia’s largest bank loses $40 million after a technical glitch triggered withdrawals frenzy
The bank has not said how much was withdrawn, but Abe told reporters that half a million transactions were made during the glitch. A local newspaper reported that 2.4 billion Ethiopian birr ($42 million) was lost.
ATMIS assures Mogadishu its committed to ‘seamless’ transfer of mandate to Somali Security Forces
As part of the transition process, ATMIS withdrew 5,000 troops from Somalia and handed over 13 military bases to the SSF during the first and second phases of the drawdown last year. The third phase, targeting 4,000 troops, is scheduled to be completed by end June this year.
News of KCB Group plan to offload National Bank of Kenya spurs jump in shares on Nairobi Securities exchange
KCB has also acquired banks in other markets in the region in recent years, including an 85 per cent stake in Trust Merchant Bank in the Democratic of the Congo completed in late 2022, which has put further pressure on its own reserves.
Pirates arrested off Somali coast shipped to India for trial and sentencing, Indian official says
India has deployed at least a dozen warships in the Gulf of Aden and the northern Arabian Sea since December, which enables it to assist vessels east of the Red Sea, where the navies of several countries, including the United States, are trying to secure shipping routes under attack from Yemen’s Houthi militants.
Financially hamstrung Al Shabaab protect Somali pirates in Indian Ocean for a cut of the loot
The deal could provide al-Shabaab with critical funds after the Somali government clamped down on its other illegal money sources and froze its bank accounts. The terrorists also are suspected of negotiating with pirates and Houthi rebels to acquire weapons.
Why environment in Uganda is decaying, collapsing despite vast pool of knowledge and awareness
In Uganda the political leaders are pursuing development assisted by countries that prefer grass (oil palm and sugarcane) to natural forests. The 10,000 hectares of natural forests of Kalangala Island of Lake Victoria have been felled and sold as timber.
How intrigue is the currency that runs politics in Uganda, shoves party founders under the bus
What is clear is that there is political reincarnation of Ignatius Musaazi in Bobi Wine with the Baganda from Masaka organising to remove the latter from the epitome of power in NUP. The cause is, probably unsurprisingly, misuse of public money at parliament of Uganda by a former vice-president of NUP, Mathias Nsamba Mpuga, together with other top leaders at the Commission of Parliament. It is as if the Masaka politicians in NUP endorse misuse of public money.
UN reports a 35 per cent rise in people hit by violence in South Sudan ahead of December polls
The head of UNMISS, Nicholas Haysom, said it is “doing all it can to prevent violence and build peace in the affected areas” and urged the South Sudan government to intervene and “resolve underlying grievances and build peace.”
Eight SADC peacekeepers wounded by M23 rebels in DR Congo’s war theatre in the east
Neither MONUSCO Head Bintou Keita nor the United Nations (UN) Secretary-General’s spokesman gave details of the wounded soldiers apart from saying they were deployed as part of Operation Springbok to protect civilians in North Kivu.
