Horn of Africa News
Paris Club Cancels 99% of Debt, Marking a Turning Point for War-Torn Nation The recent announcement that Somalia has secured a staggering 99% debt cancellation from the Paris Club creditor…
By Paulo Santos, Horn of Africa Analyst In my years as an advocate for Somaliland’s quest for recognition, I have long championed the strategic imperative of leveraging Somaliland’s unique geopolitical…
In an era where digital currencies are reshaping economic landscapes, Ethiopia embarks on an ambitious journey into Bitcoin mining, leveraging its abundant hydropower resources. This leap towards becoming Africa’s bitcoin…
Ethiopia Prime Minister Abiy Ahmed (L) and President William Ruto holding talks at state house Nairobi, Kenya on February 28, 2024.
Chinese Bitcoin miners, expelled from their own country, are turning their attention towards Africa, with Ethiopia being a prime target. This shift is motivated by the attractive prospect of low-cost…
By Paulo Santos, Horn of Africa Analyst As someone deeply invested in the developments of the Horn of Africa, particularly the evolving dynamics between Ethiopia and Somaliland, I find myself…
Ethiopia is set to default on a $33 million interest payment due on December 12th on its $1 billion December 2024 dollar bond. This will make it the latest emerging…
By Henok Amanuel, Professor of Economics The burgeoning Russia-India economic alliance, against the backdrop of a fragmented global order, represents wider shifts in international trade and alliances. Their deepening partnership,…
In a significant development on the East African political landscape, Somalia stands on the brink of becoming the newest member of the East African Community (EAC). The move, which has…
Fitch downgraded Ethiopia deeper into junk territory on Thursday to CC from CCC-, citing gaps in the country's external financing that it said increased its likelihood of a default.
Ethiopian Prime Minister Abiy Ahmed has made significant statements aimed at easing concerns among neighboring countries regarding the possibility of military action to secure maritime access. Abiy’s remarks come in…
International entities have commended the peace agreement inked between the Ethiopian government and the leaders of the Tigray region, aiming to cease the intense conflict in the country’s northern part…
Elasha Biyaha, just 15 kilometers south of Somalia’s capital, Mogadishu, is once again in the global spotlight following a devastating car bombing that claimed lives and left a trail of…
By Paulo Santos, Horn of Africa Analyst Ethiopia, a landlocked nation with a population approaching 150 million, faces a complex geopolitical challenge. Prime Minister Abiy Ahmed recently addressed this issue…
By Paulo Santos, Horn of Africa Analyst Somaliland, a self-declared independent state in the Horn of Africa, finds itself at a crucial juncture in its history. While it has managed…