MOGADISHU // An al Qa'eda-linked militant group has said it will not allow banned aid organizations to return, meaning only a handful of agencies will be able to respond to the worsening famine in southern Somalia.
Meanwhile, the U.N. children's agency - one of the few groups that does operate in the area - said Friday that nearly 800,000 children are at risk of dying without urgent assistance.
The U.N. says it fears tens of thousands of people already have died in Somalia's famine, which has prompted Somalis to walk for days in hopes of reaching a refugee camp in neighboring Kenya.
"UNICEF is using every means possible to reach every child," said Elhadj As Sy, a regional director for UNICEF. "Every life must count and we cannot afford to lose more lives to this crisis."
The spokesman for the militant group al-Shabab, Sheik Ali Mohamud Rage, said late Thursday that aid agencies the group previously banned are still barred. A statement from Rage earlier this month had said that the group wanted to open talks with aid groups to facilitate their return.
Some groups, like UNICEF and Save The Children, operate in militant- controlled areas of Somalia. But other groups, like the U.N.'s World Food Program and Mercy Corps, are banned.
Rage also called the U.N.'s declaration of famine in parts of Somalia politically motivated and "pure propaganda."
Somalia's prolonged drought devolved into famine in part because neither the Somali government nor many aid agencies can fully operate in areas of southern Somalia controlled by al-Shabab.
The World Food Program said Friday it will begin providing food for 175,000 people in the Gedo region of southwest Somalia and to 40,000 people in the Afgoye corridor northwest of the capital Mogadishu.
The U.N. food agency also plans airlifts of aid to Mogadishu, WFP spokeswoman Emilia Casella told reporters in Geneva.
On Wednesday, the U.N. declared a famine in the Bakool and Lower Shabele regions of southern Somalia, greatly raising the profile of what has been a steadily worsening food crisis in the Horn of Africa.
The global body estimates that more 11 million people in East Africa are affected by the drought, with 3.7 million in Somalia among the worst-hit because of the ongoing civil war in the country.
WHO's representative for Somalia warned Friday that the conditions for declaring a famine are expected to be reached soon in two further parts of southern Somalia - Juba and Bay.
Melissa Fleming, a spokeswoman for the U.N. refugee agency, said waiting until people cross into neighboring Ethiopia and Kenya would mean many Somali women and children starving to death before they reach the safety of camps there. Already malnutrition rates among new arrivals in Ethiopia are among the worst ever seen, U.N. officials said.
AL BOOM
Director:Assad Al Waslati
Starring: Omar Al Mulla, Badr Hakami and Rehab Al Attar
Streaming on: ADtv
Rating: 3.5/5
COMPANY PROFILE
Company name: Supy
Started: 2021
Founders: Dani El-Zein, Yazeed bin Busayyis, Ibrahim Bou Ncoula
Based: Dubai
Industry: Food and beverage, tech, hospitality software, Saas
Funding size: Bootstrapped for six months; pre-seed round of $1.5 million; seed round of $8 million
Investors: Beco Capital, Cotu Ventures, Valia Ventures and Global Ventures
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7.40pm: Maiden Dh165,000 (D) 1,600m. Winner: Mulfit, Pat Dobbs, Doug Watson.
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Bareilly Ki Barfi
Directed by: Ashwiny Iyer Tiwari
Starring: Kriti Sanon, Ayushmann Khurrana, Rajkummar Rao
Three and a half stars
COMPANY PROFILE
Company name: Revibe
Started: 2022
Founders: Hamza Iraqui and Abdessamad Ben Zakour
Based: UAE
Industry: Refurbished electronics
Funds raised so far: $10m
Investors: Flat6Labs, Resonance and various others
Killing of Qassem Suleimani
Mercedes V250 Avantgarde specs
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What are NFTs?
Are non-fungible tokens a currency, asset, or a licensing instrument? Arnab Das, global market strategist EMEA at Invesco, says they are mix of all of three.
You can buy, hold and use NFTs just like US dollars and Bitcoins. “They can appreciate in value and even produce cash flows.”
However, while money is fungible, NFTs are not. “One Bitcoin, dollar, euro or dirham is largely indistinguishable from the next. Nothing ties a dollar bill to a particular owner, for example. Nor does it tie you to to any goods, services or assets you bought with that currency. In contrast, NFTs confer specific ownership,” Mr Das says.
This makes NFTs closer to a piece of intellectual property such as a work of art or licence, as you can claim royalties or profit by exchanging it at a higher value later, Mr Das says. “They could provide a sustainable income stream.”
This income will depend on future demand and use, which makes NFTs difficult to value. “However, there is a credible use case for many forms of intellectual property, notably art, songs, videos,” Mr Das says.
What is a Ponzi scheme?
A fraudulent investment operation where the scammer provides fake reports and generates returns for old investors through money paid by new investors, rather than through ligitimate business activities.
Profile of MoneyFellows
Founder: Ahmed Wadi
Launched: 2016
Employees: 76
Financing stage: Series A ($4 million)
Investors: Partech, Sawari Ventures, 500 Startups, Dubai Angel Investors, Phoenician Fund
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Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
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