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Ed Webb

Zambia seals $6.3 billion restructuring in breakthrough for indebted nations | Reuters - 0 views

www.reuters.com/...-restructuring-deal-2023-06-22

Zambia debt China IMF

shared by Ed Webb on 20 Apr 24 - No Cached
  • Zambia has struck a deal to restructure $6.3 billion in debt owed to governments abroad including China, in a breakthrough for indebted nations around the world that have faced lengthy negotiations with their creditors.China is the largest official creditor to Zambia, with $4.1 billion owed to the Export-Import Bank of China alone, underlining the importance of Beijing's support for the deal.
  • Zambia in 2020 became the first African country to default on its sovereign debt during the COVID-19 pandemic and struggled since then in protracted discussions to agree a deal.
Ed Webb

Ambiguous Ethiopia port deal fuels uncertainty over Somaliland statehood | Features | A... - 0 views

www.aljazeera.com/...inty-over-somaliland-statehood

Somaliland Ethiopia port Somalia hornofafrica news analysis

shared by Ed Webb on 19 Jan 24 - Cached
  • “The agreement is mutually beneficial, and Ethiopia will share military and intelligence experience with Somaliland, so the two states can collaborate on protecting joint interests,” Redwan Hussein, Abiy’s national security adviser, said at the event announcing the agreement. “To facilitate this, Ethiopia will establish a military base in Somaliland as well as a commercial maritime zone.”
  • the billions Djibouti is believed to charge Ethiopia annually in port fees has had it exploring alternatives in Sudan, Somaliland and Kenya since the mid-2000s.
  • In 2017, Ethiopia acquired shares in Berbera port as part of a deal involving Emirati logistics management company DP World to expand the port and turn it into a lucrative trade gateway catering to the needs of 119 million Ethiopians. At the time, Somalia denounced the deal as illegal. Ethiopia did not follow through on commitments and eventually lost its stake by 2022.
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  • Under the governments of Ethiopia’s Mengistu Hailemariam and Somali President Siad Barre, both countries supported rebel factions in each other’s countries, which would go on to weaken and eventually lead to the overthrow of both leaders by 1991.
Ed Webb

Ethiopia: Exploiting the Gulf's scramble for the Horn of Africa | African Arguments - 0 views

africanarguments.org/...ting-gulf-scramble-horn-africa

hornofafrica Djibouti Somalia Somaliland Ethiopia Eritrea infrastructure ports gulf UAE KSA Turkey Qatar

shared by Ed Webb on 14 Apr 24 - Cached
  • the United Arab Emirates played a key behind-the-scenes role in facilitating the deal between Ethiopia’s Prime Minister Abiy Ahmed and Eritrea’s President Isaias Afwerki. Both men met with Emirati leaders on several occasions before and during the reconciliation, and they have stayed in regular contact ever since.
  • After decades of disengagement, countries east of the Red Sea are scrambling to gain a greater footprint along the opposite coast. In response, states on the Horn such as Ethiopia are trying to leverage these rapidly changing geopolitical dynamics to enhance their own influence.
  • profound geopolitical shifts have now renewed the Middle East’s interest in the Horn and reinvigorated the strategic significance of countries west of the Red Sea. The two main reasons for this are the war in Yemen and deepening intra-Gulf rivalries. These factors have led three main groups to vie for influence in the Horn: the Arab axis (led by Saudi Arabia and UAE, but including Egypt and Bahrain); the Iran axis; and the Qatar-Turkey axis
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  • Amidst the growing competition for influence among the Middle Eastern axes, Addis Ababa has managed to avoid taking sides – at least publicly – and leverage its geostrategic significance as the region’s hegemon to attract much-needed investment from several different partners.
  • the UAE has agreed to provide Ethiopia with huge loans, investment and infrastructure support; it has upgraded Eritrea’s Assab port and constructed a military headquarters nearby from which it has launched offensives into Yemen; and its company DP World has secured contracts worth hundreds of millions of dollars to develop the ports in Berbera and Bosaso, located in the semi-autonomous regions of Somaliland and Puntland respectively
  • Ethiopia has also positioned itself well to benefit from the complex scramble for Red Sea ports. The land-locked country relies on Djibouti for nearly 97% of its imports, but now has clear avenues for diversifying its routes to sea. The rapprochement with its neighbour should give it access to Eritrean ports, while the UAE’s development of Berbera in Somaliland will give it another crucial option. Ethiopia defied the Somali federal government’s objections when it supported the UAE’s deal with the semi-autonomous region, but in return it has acquired a 19% stake in the project.
Ed Webb

AGSIW | UAE and the Horn of Africa: A Tale of Two Ports - 0 views

agsiw.org/uae-horn-africa-tale-two-ports

hornofafrica Djibouti Somalia Somaliland Ethiopia Eritrea infrastructure ports bases UAE Turkey KSA Yemen USA US military GWOT

shared by Ed Webb on 14 Apr 24 - Cached
  • Along with the competition by outside players has come greater leverage for Horn of Africa countries, whose elites have long been adept at playing external patrons off one another. Ethiopia has to some degree succeeded in diluting Abu Dhabi’s reliance on its enemy, Eritrea, by supporting its plans for the Berbera port. In 2015, after losing access to Djibouti for military operations, the UAE constructed a base in the coastal Eritrean city of Assab, which has been vital to its operations in southern Yemen. By supporting the UAE’s military and commercial infrastructure plans in Somaliland, Ethiopia – the Horn of Africa’s largest and most powerful country – also contributed to the fracturing of Somalia by encouraging the de facto consolidation of Somaliland’s independence
  • Turkey’s soft power and popularity in Mogadishu and other parts of Somalia is formidable, and was built on its early economic, diplomatic, infrastructure development, aid, and education involvement with the country
  • the UAE’s longer-term interests – as well as those of its competitors – are economic and strategic. The country is working to make itself an essential component of China’s Belt and Road Initiative and secure Dubai’s Jebel Ali as the key logistics and trade hub linking Asia to Africa via DP World infrastructure, in the face of competition by a glut of new ports built by rivals with similar ambitions in Iran, Pakistan, Oman, and elsewhere along the Horn of Africa. DP World is involved in two other port projects in breakaway Somali states, as well as logistics infrastructure and ports projects in Rwanda, Mozambique, Algeria, and Mali.
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  • The UAE is also trying to make the nature of its engagement more attractive for African governments and private sector partners: Rather than following the path of China, which has been perceived negatively as following a pseudo-colonial model in Africa, it is looking more toward the Turkish model. Investments such as DP World’s in Somalia or military bases come with packages of infrastructure investment, training, and education for workers and security forces, as well as inducements such as greater numbers of visas to the UAE. Food and water security continues to be an important interest for the UAE and other Gulf countries in East Africa. Emirati companies are seeking to avoid the political pitfalls that have caused past investments in land for food production to fail. Privately owned Al Dahra Holding, which owns farmland in Africa, claims to use a 50-50 sharing formula for produce with local companies and hires local workers.
  • the sudden abrogation of DP World’s Doraleh concession also lays bare the growing risks for the aspiring regional powers. The deepening fissures of Somali politics, in no small measure due to Middle East powers’ attempts at influence, also illustrate the risks for Horn of Africa societies, whose strategic location and economic potential paradoxically may lead them on a more complex – and possibly treacherous – path.
Ed Webb

Ethiopia: Military Executes Dozens in Amhara Region | Human Rights Watch - 0 views

www.hrw.org/...-executes-dozens-amhara-region

Ethiopia HRW warcrimes military ethnicity conflict

shared by Ed Webb on 06 Apr 24 - Cached
  • The Ethiopian military summarily executed several dozen civilians and committed other war crimes on January 29, 2024, in the town of Merawi in Ethiopia’s northwestern Amhara region, Human Rights Watch said today. The incident was among the deadliest for civilians during the fighting between Ethiopian federal forces and Fano militia since the outbreak of fighting in Amhara in August 2023.
  • Early in the morning of January 29, Fano forces attacked a contingent of Ethiopian soldiers in Merawi, about 30 kilometers south of the Amhara regional capital, Bahir Dar. The Fano fighters then withdrew, leaving the town to the Ethiopian federal forces. During a six-hour period, Ethiopian soldiers shot civilians on the streets and during house-to-house searches. Scores were killed, mostly men, but also women. The soldiers also pillaged and destroyed civilian property. On February 24, Ethiopian armed forces summarily executed up to eight civilians in Merawi following another attack by Fano fighters in the town.
  • Since the end of the UN-mandated inquiry on Ethiopia in October 2023, there has been little international monitoring of the human rights situation in the country.
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