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German President Frank-Walter Steinmeier has announced that Germany will provide Ghana with €65 million (approximately $69 million) in development assistance.
The funds, pending approval by the Bundestag, will be directed towards renewable energy, industrialisation, and digital transformation projects.
Speaking at a joint press conference with President John Mahama in Accra, Steinmeier said the initiative reflects the close cooperation between the two nations and Germany’s commitment to supporting long-term stability and development in West Africa.
“This is a case in point for our shared approach. Germany, together with the European Union, supports the Ghanaian government’s efforts towards lasting stability and development. During my visit to the ECOWAS headquarters last December, we discussed these common challenges,” Steinmeier stated.
President Mahama said discussions had focused on peace and security in West Africa, particularly the growing threats of terrorism, violent extremism, and political instability in the Sahel region.
“We are undertaking proactive diplomatic efforts to foster dialogue, rebuild trust, and strengthen cooperation among our neighbours,” Mahama said.
He also commended the German government’s principled position on global governance reform, urging other nations to take concrete steps towards making the United Nations Security Council more representative and democratic.
“Ghana calls on all nations to move beyond rhetoric and take action to make the Security Council more representative, democratic and legitimate,” Mahama added.
During the three-day state visit, President Steinmeier met with senior Ghanaian officials, reviewed a military guard of honour, and attended a state luncheon held in his honour.
Berlin’s new funding aims to strengthen Ghana’s green industrialisation agenda, advance sustainability goals, and deepen bilateral cooperation in trade, technology, and regional stability.
Oil prices fell after the U.S. expanded economic sanctions on Iran, as Tehran vowed to retaliate and warned it had tools to respond, raising concerns over potential disruption to regional oil supplies.
Rescuers in Nepal used helicopters on Thursday to scour for hundreds still missing after a wall of mud and rock collapsed into a river on the Himalayan border with China's Tibet, sending catastrophic floods through towns and valleys, killing 162 people.
Secretary of State Marco Rubio told allied foreign ministers Washington will focus on sanctions and other pressure on Iran “for the time being”, Axios reports. Meanwhile, Iran and Oman have resumed talks on a temporary shipping route through the Strait of Hormuz.
Kyiv has recently received a small number of U.S.-made Patriot interceptors capable of downing Russian ballistic missiles, Ukrainian President Volodymyr Zelenskyy has said. It comes as Britain and France pledged stronger military support for Ukraine.
Iranian President Masoud Pezeshkian has called for greater economic cooperation among Muslim countries, saying their combined economic weight remains disproportionately small compared with their population, strategic location and resources.
The inaugural Silk Road Finance & Technology Forum brought together policymakers, investors and technology companies as Central Asia looks to build a more connected financial system and compete for a bigger share of global fintech investment.
Uzbekistan's region of Karakalpakstan is developing three cryptocurrency mining facilities and three data centers with a combined investment of $5.1 billion, as the region seeks to attract larger and higher-quality investments.
A restaurant payment with a Visa card in Damascus has become a symbol of Syria’s reconnection with the global financial system.
The Silk Road Finance & Technology Forum will bring more than 6,000 policymakers, investors and technology leaders from 74 countries to Tashkent, as Central Asia seeks a bigger role in the global fintech landscape.
Kazakhstan is considering the Baku-Supsa pipeline as an alternative oil export route after Caspian Pipeline Consortium disruptions cost the country an estimated 3.5 million tonnes of oil, Energy Minister Yerlan Akkenzhenov said.
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