Somalia

The African Sovereign Debt Justice Network, (AfSDJN), is a coalition of citizens, scholars, civil society actors and church groups committed to exposing the adverse impact of unsustainable levels of African sovereign debt on the lives of ordinary citizens. Convened by Afronomicslaw.org with the support of Open Society for Southern Africa, (OSISA), the AfSDJN's activities are tailored around addressing the threats that sovereign debt poses for economic development, social cohesion and human rights in Africa. It advocates for debt cancellation, rescheduling and restructuring as well as increasing the accountability and responsibility of lenders and African governments about how sovereign debt is procured, spent and repaid. Focusing in particular on Kenya, Zambia, Zimbabwe, Mozambique, Nigeria and Senegal, the AfSDJN will also amplify African voices and decolonize narratives on African sovereign debt . Its activities include producing research outputs to enhance the network’s advocacy interventions. It also seeks to create awareness on and elevate the priority given to sovereign debt and other economic justice issues on the African continent and beyond throughout 2021.

This analysis dives deep into the Somalia's admission to the East Africa Community (EAC), with the objective of dissecting the admission procedure and analyzing Somalia's Accession Treaty, while scrutinizing the EAC Verification Mission Report. It was noted that while the EAC Treaty declares key principles like good governance, people-centeredness, transparency, and democracy, the specific procedures and rules that it provides for, do not do justice to those principles. This blog therefore, calls for a reform of the EAC institutions by moving the institutions further away from elitism and bureaucracy and bring it closer to the people-centeredness envisaged by the Treaty.

The African Sovereign Debt Justice Network brings to you an update of African sovereign debt news and updates on events and happenings on and about Africa that reveal how sovereign debt issues are engaged by the various stakeholders.