African Union
Ethiopia adopts Wall Street model for Bishoftu Airport
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Ethiopia is employing a Wall Street-inspired financing model for the Bishoftu Airport project amid discussions at the African Union Summit. Ethiopian Airlines has contributed 700 million dollars as initial investment toward the 12.5 billion dollar venture. A special-purpose company will oversee borrowing, with financiers choosing contractors.
Ghana has requested that the African Union discuss xenophobic attacks in South Africa at its mid-year summit in Egypt. South African International Relations Minister Ronald Lamola said the move gives Pretoria a chance to highlight migration challenges.
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Ethiopia's Foreign Minister Dr. Gedion Timothewos met with African Union Commissioner for Political Affairs, Peace and Security Ambassador Bankole Adeoye in Addis Ababa. The two discussed bilateral and regional peace and security issues. They agreed to strengthen their cooperation to address such challenges.
Egypt’s Foreign Minister Badr Abdelatty has outlined a strategic vision for regional stability, calling for an emergency African Union session to reject Israel’s recognition of Somaliland while offering peacekeeping support for eastern Democratic Republic of Congo.
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The African Union Commission has firmly rejected Israel's recognition of Somaliland as an independent state, reaffirming its support for Somalia's territorial integrity. The statement came hours after Israeli leaders formalized ties with the breakaway region.
The African Union chairperson congratulated Tanzanian President Samia Suluhu Hassan on her landslide election victory, while acknowledging post-election violence that claimed lives. The statement sparked widespread backlash on social media, particularly from Kenyans, who accused the AU of insensitivity. Critics highlighted the timing of the congratulations amid reports of deaths during protests.