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.
The African Union has announced full support for diplomatic efforts to achieve sustainable peace and stability in the Red Sea region.
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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.
Egypt hosted African Union representatives on Saturday to discuss trade corridors and regional stability, as Foreign Minister Badr Abdelatty reaffirmed Cairo’s commitment to the AU’s core principles of state sovereignty and non-interference. As a founding member, Egypt prioritizes joint efforts to bolster peace, security, and development across the continent.
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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.
The 10th annual summit of the African Union and United Nations will take place in Ethiopia in February 2026, following an agreement reached during the ninth summit in New York. Both organizations reaffirmed their commitment to global peace, security, and sustainable development. They also stressed the need for dialogue to address ongoing challenges in Africa, including conflicts and humanitarian crises.
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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.