Horn of Africa

Al-Shabab tax system ‘forcing farmers to flee farms’

Al-Shabab tax system 'forcing farmers to flee farms'

Heavy taxes imposed by al-Qaeda-allied al-Shabab group in parts of Somalia are making it impossible for farmers to cultivate crops amid a severe drought. Abdirahman Abdishakur Warsame, President Hassan Sheikh Mohamud’s special envoy for the drought situation, said the al-Shabab taxes were forcing farmers to flee their farms and homes. …

Read More »

Somalia: tight security in the capital for new president’s inauguration

Somalia: tight security in the capital for new president's inauguration

Security has been tightened in the Somali capital, Mogadishu and around Aden Adde airport ahead of the inauguration of President Hassan Sheikh Mohamud on Thursday. Main roads in Mogadishu were closed on Wednesday with police deployed in large numbers and armoured vehicles on the streets leading to the presidential palace. …

Read More »

Ethiopia: Central Bank warns against cryptocurrencies

Ethiopia: Central Bank warns against cryptocurrencies

The National Bank of Ethiopia (NBE) issued a statement on Monday warning against cryptocurrency trading in the country. The NBE said digital currencies like crypto-currencies and bitcoins haven’t been recognized by the NBE as a transactional and payment method, state affiliated Fana Broadcasting Corporate (FBC) reported. “Ethiopia’s national currency is …

Read More »