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The Horn of Africa: rebuilding or in meltdown?
There could hardly be a more poignant or devastating reminder of divisive instability that has spread throughout the Horn of Africa.
On Monday, I moderated a discussion panel on how arts and literature can help rebuild society in the Horn of Africa. But I shouldn’t have been there at all. Continue reading »
Somaliland: oil first, recognition later
UK-listed Genel Energy and Ophir Energy, and Australia-listed Jacka Resources, are starting to explore for oil in earnest in the breakaway state, which declared independence from Somalia in 1991. Continue reading »
Gulf’s piracy nod a financial mismatch
By Michael Peel in Abu Dhabi
Somali piracy is a big and damaging business – and for the first time, a country in the oil-rich Gulf has given some money to the United Nations fund set up to fight it. It was a modest start: the United Arab Emirates donated $1.4m, part of a total of about $5m raised at a big conference on piracy in Dubai this week.
But that’s still less than the average ransom for a hijacked ship these days – and a fraction of the $7bn to $12bn that piracy is estimated by one report to cost the world economy annually. Continue reading »
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