West Med Initiative

Ethiopia emerges as top FDI destination in East Africa, surpassing Kenya, Uganda

Ethiopia attracted a staggering $3.3 billion in foreign direct investments (FDI) in 2023, surpassing its neighbors Kenya and Uganda, and hence has emerged as the leading destination for FDI in East Africa. The latest World Investment Report published by the United Nations Conference on Trade and Development (UNCTAD) has highlighted Ethiopia’s position as a beacon […]

US donates Somalia $9 million worth of weapons, equipment for anti-al-Shabab campaign

The United States has provided $9 million in new military aid to help Somalia’s ongoing campaign against al-Shabab militants, the US embassy in Mogadishu announced. The military equipment handed to the government includes weapons and vehicles and is destined to support the campaign by the Somali National Army to liberate communities from al-Shabab control. It’s […]

Africa pivots from Europe and North America to Asia on trade — reports

Over the past two decades, Africa’s trade partnerships have significantly shifted away from Europe, with Asia emerging as the primary trading partner, a recent analysis by Mo Ibrahim Foundation noted, whereby this development is underpinned by high‑growth corridors both between African regions and with regions beyond including Asia and the Middle East, according to a […]