choose

Why should Kenya and Ethiopia choose partnership over competition in the Horn of Africa?

Over the last two decades, the Horn of Africa has witnessed an increase of foreigntroops in Djibouti, a rise in investments along the Red Sea, and more pronounced engagement in its internal affairs by confirmed and emerging powers all of which showcase the geopolitical appetite for influence in the region. Yet current crises – the war in Sudan, persisting insecurity in Somalia, renewed tensions between Ethiopia and Eritrea, and contentious relations between countries – underscore an uncertain future that could make the volatile region even more prone to external influence. Will local leadership step up to the task of preserving stability through improved regional relations or leave its most pressing issues unresolved?

An analysis by Mvemba Phezo Dizolele, Mwachofi Singo, and Hallelujah Wondimu published earlier this year by the Center for Strategic and International Studies provides key insights on the risk posed by the absence of a clear pillar state(s) to push for peace and security within the region which could worsen its vulnerability to competing middle powers.

The three experts on African geopolitics argue that given its history of conflicts and ongoing tensions, the region demands the rise of Ethiopia and Kenya as stronger leaders able to drive reform initiatives aimed at protecting the interests of the Horn of Africa. As such, the two nations offer strong, suitable and strategic advantages for the region despite facing their own internal and regional challenges which they must also attend to.

The CSIS report view Ethiopia’s role as central to transforming the region towards a stable and self-sufficient neighborhood capable of addressing its own tensions, preserving peace and promoting economic development. Whether Ethiopia intends to assume this role, however, rests on the success of its current transition that began since Prime Minister Abiy Ahmed took power in 2018 following decades of Tigray dominance over the country. Yet the envisioned reinforcement of the federal structure led by a strong central government has had setbacks in the last few years with the occurrence of the violent war in Tigray and ongoing security concerns over autonomy seeking movements.

This suggests that Ethiopia will inevitably have significant nation building to do to preserve the unity of the country hence the recent inward focus to stabilize domestic tensions. The achievement of the Renaissance Dam stands as good symbol of national harmony that could be replicated across other sectors of society to reinforce inclusion and equity. This image of improved and steady stability in Ethiopia is crucial to consolidate its leadership position in the region.

According to the researchers, Ethiopia’s (re)emergence as a leader in the Horn is also closely linked to its capacity to improve its relations with neighbors which have deteriorated the last few years. They cite the territorial dispute with Sudan, the sudden outreach to Somaliland irritating Somalia and Djibouti or one could add renewed animosity with Eritrea. Ironically, these frictions could lead to Ethiopia’s further rapprochement with external emerging actors eager to increase their influence in the region that will further complicate regional cooperation imperative for stability. This signals a pressing need for the country to reset its relations with its neighbors as the current trajectory could end up being an obstacle towards its economic development. Again, the Grand Renaissance Dam which is already a major component of Ethiopia’s trade policy in the region could be the catalyst needed to reinvigorate diplomatic ties.

While Ethiopia remains focused on its introspection and on pursuing a more bilateral approach to regional diplomacy, Kenya could seize the opportunity to accentuate its leadership position and diplomatic consistency. Kenya’s relatively peaceful independence transition and constant display of neutrality when engaging mediation processes forged its image as a credible leader for the region. The report also highlights a long history of proactive foreign policy by successive Kenyan presidents which emphasized economic development through regional trade integration. However, Kenya’s recent actions with regards to the Sudan conflict and the war in the DRC might alter its reputation and ability to conduct peace initiatives in the region while similar moves may instead translate an incoherent foreign strategy.

Nevertheless, it would be hard to imagine Kenya further jeopardize its stabilizing role as the country’s own development ambitions largely rests on its capacity to promote regional stability crucial to economic trade with its neighbors. This underscores the need for Nairobi to remain committed to its traditional diplomatic playbook to support impartial interventions while preserving its leverage and reputation throughout such processes.

In addition, Kenyan legacy could be further undermined by internal challenges in light of the gen z movement which may be a decisive political factor ahead of the 2027 elections. Latest developments in Morrocco or Madagascar could give a glimpse of the consequences of such social efforts in Kenya. Whether or not Kenyan youth are able to shake the government, political leaders should implement policies responding to the youth socioeconomic concerns as prolong unrests could diminish its global influence capacity so dear to the current administration.

In a rapidly shifting world order where middle powers are keen on exerting their own vision in the Horn of Africa, it becomes imperative for local leadership to assert regional autonomy to solve issues. Stability and improved inter-state relations should then discourage governments from seeking external support when pursuing domestic interests.

Kenya and Ethiopia both retain significant assets to affirm their influence in the Horn despite their own challenges. However, their capacity to assume an independent leading position might be more uncertain. The almost complete monopolization of the conflict resolution processes in Sudan or the DRC by the United States and the Gulf States clearly reveals the consequences of weak regional leadership. Kenya and Ethiopia could instead harmonize their regional policies through platforms such as the East African Community and the Intergovernmental Authority on Development. Ultimately, Kenya and Ethiopia’s ability to intensify their strategic partnerships could lay the foundation for regional autonomy and stability.  

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Bolivians to choose between two conservatives in presidential runoff

Bolivia’s Christian Democratic Party presidential candidate Rodrigo Paz Pereira celebrates with supporters in La Paz, Bolivia, on Friday after securing 32% of votes to qualify for Sunday’s runoff election against former President Jorge “Tuto” Quiroga. Photo by Luis Gandarillas/EPA

Oct. 18 (UPI) — Bolivia’s presidential runoff election on Sunday is the nation’s first and excludes a socialist candidate after voters narrowed the field to two conservative candidates on Friday.

Christian Democratic Party candidate Sen. Rodrigo Paz Pereira secured 32% of the popular vote to lead all candidates, while former President Jorge “Tuto” Quiroga secured the second-most with 27% of votes to set up Sunday’s runoff, according to Americas Quarterly.

Paz is a centrist candidate and the son of former Bolivian President Jaime Paz Zamora, who led the nation from 1989 to 1993.

Quiroga, 67, was serving as Bolivia’s vice president when he ascended to the presidency for one year, from Aug. 7, 2001, to Aug. 6, 2002, following the resignation of President Hugo Banzer due to a cancer diagnosis.

He was elected vice president in 1997 at age 37, which made him the nation’s youngest person to hold that office.

Quiroga was defeated in three prior campaigns to be elected president, but many now view him as the favorite.

His platform includes establishing a free market economic system rooted in capitalism and that supports private property rights for citizens.

He also wants to transfer government ownership of the nation’s ample natural resources, especially natural gas, iron and lithium, to private citizens and entities.

Paz, 58, also wants to establish a market-based economy and made “Capitalism for All” his campaign’s motto.

The lack of a socialist candidate in the presidential runoff is viewed as a public rebuke of the Movimiento al Socialismo (Movement Towards Socialism) Party, which has controlled Bolivia’s politics over the past two decades.

Bolivia has been one of South America’s leading socialist states over the past 20 years, but the nation is mired in an economic collapse that many attribute to government mismanagement of natural resources, according to The Telegraph.

MAS presidential candidate Eduardo del Castillo received only 3% of the vote during the first round of voting.

The MAS party also is about to lose its majorities in both houses of the Bolivian Legislature amid recent controversies.

They include an arrest warrant for former MAS Party member and former President Evo Morales being issued due to an alleged statutory rape.

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If I Could Pick Stocks for Warren Buffett, I’d Choose This One

The Oracle of Omaha probably won’t ask for stock advice. But he’d probably like this stock.

Does Warren Buffett need help selecting stocks? Of course not. He’s done a really good job of doing it all on his own for decades.

Sure, the legendary investor would likely insist that he’s a “business picker” rather than a stock picker. Buffett would also probably point out that he has farmed out some of the decision-making to his two investment managers, Todd Combs and Ted Weschler, for quite a while.

But let’s suppose that Buffett asked me to give him a hand choosing one stock to buy for Berkshire Hathaway‘s (NYSE: BRK.A) (NYSE: BRK.B) portfolio. If that wild scenario happened today, which stock would I recommend? I think I’d go with The Home Depot (HD -0.04%).

A worker wearing a Home Depot apron while holding two paint buckets in the aisle of a Home Depot store.

Image source: The Home Depot.

Why Home Depot would make a great Buffett stock

I view Home Depot as a great Buffett stock in part because it once was a Buffett stock. He initiated a position in the home improvement giant 20 years ago but eventually sold all of Berkshire’s stake in the second quarter of 2009.

Buffett might wish he had held onto those shares in retrospect. Over the 14 years since he exited Berkshire’s position in Home Depot, the stock has skyrocketed roughly 1,570%. That’s more than double the gain delivered by Berkshire Hathaway itself. The Home Depot’s total return, including reinvesting dividends, since Buffett bailed on the stock in 2009 is around 2,370%.

The Oracle of Omaha would probably like Home Depot’s solid operating margin of 13.1%. I suspect that he would absolutely love the company’s return on invested capital (ROIC) of around 31.2%.

We don’t have to worry about Buffett not liking Home Depot’s business. It’s certainly one that he understands. Buffett has even recently bought stocks that benefit from some of the same trends as Home Depot — homebuilders D.R. Horton (NYSE: DHI) and both share classes of Lennar (NYSE: LEN) (NYSE: LEN.B).

The median age of U.S. homes has increased quite a bit since Buffett last owned Home Depot. It stood at 41 years in 2023, according to the American Community Survey. Aging homes bode well for demand for home improvement products and supplies over the coming years.

The fly in the ointment

Is Home Depot the perfect Buffett stock? I wouldn’t go that far. There is one fly in the ointment.

Like many stocks these days, Home Depot has a relatively high valuation. Its trailing 12-month price-to-earnings (P/E) ratio and its forward P/E are close to 26. Buffett learned from the father of value investing, Benjamin Graham. Would he balk at paying such a premium for Home Depot? Maybe, but maybe not.

Berkshire bought 12 stocks in Q2. Several of them were bargains that you’d expect Buffett to like. However, two had forward earnings multiples that have been consistently higher than Home Depot’s all year: Heico (NYSE: HEI), which currently trades at a sky-high 66.8 times forward earnings estimates, and Pool Corp. (NASDAQ: POOL), which has a forward P/E of 28.7.

HD PE Ratio (Forward) Chart

HD PE Ratio (Forward) data by YCharts

Perhaps Heico and Pool are part of the portfolio managed by Combs and Wexler. However, Buffett hasn’t been afraid of paying more for quality in the past when he’s been confident about a company’s long-term earnings growth prospects.

Is Home Depot a good pick for every investor?

I selected Home Depot because it was a stock I thought would fit well with Buffett’s investing style. Is this stock a good pick for every investor? Probably not.

I suspect that a purist value investor (which I don’t think describes Buffett, by the way) would prefer to quickly move past Home Depot for the reasons already discussed. The home improvement retailer’s dividend yield of 2.3% might not be juicy enough for some income investors. And growth-oriented investors can certainly find stocks that are more likely to deliver stronger earnings growth than Home Depot.

And even though Home Depot is the stock I’d pick for Buffett, I don’t personally own it. I like the stock, but I like others more. And, unlike Buffett, I’m not sitting atop a cash stockpile of $344 billion.

Keith Speights has positions in Berkshire Hathaway. The Motley Fool has positions in and recommends Berkshire Hathaway, D.R. Horton, Home Depot, and Lennar. The Motley Fool recommends Heico. The Motley Fool has a disclosure policy.

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Will Israel choose truce or war? | Politics

Journalist and author Jeremy Scahill argues that Israel is feigning ignorance if it thinks Hamas will surrender.

If Israel rejects the latest offer to pause its War on Gaza, it’s a sign that Israel “doesn’t want any deal,” argues US journalist and author Jeremy Scahill.

Scahill, the co-founder of Drop Site News, tells host Steve Clemons that Hamas has offered major concessions on sticking points such as the number of Palestinian prisoners to be released, Israeli withdrawal from the border with Egypt, and the so-called GHF.

But with carte blanche from the US to continue its war, the question remains: Will Israel decide to sign a temporary deal or pursue war?

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My man is 27 years older than me – trolls are ‘disgusted’ & say I should choose ‘self-respect over money’, I don’t care

A WOMAN has revealed that she is in an age gap relationship with a man who is 27 years older than her.

Sass, 27, from London, is dating her 54-year-old boyfriend, who she calls her “silver fox.”

Woman in a restaurant holding a glass of wine, text overlay reads "I'm in an age gap relationship"

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A woman has found herself at the heart of a barrage of abuse from mean trolls who have criticised her age gap relationshipCredit: TikTok / @sweetheartsass
Couple in formal wear, woman in black dress and man in tuxedo.

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But Sass was eager to clap back to the haters and was clearly unbothered by the rude remarksCredit: TikTok / @sweetheartsass

The self-proclaimed “spoiled girlfriend” lives a luxury lifestyle with skiing trips to Vail Village, Colorado, designer bags, posh hotel stays and delicious meals out.

But now, the content creator has found herself on the receiving end of a barrage of abuse from mean trolls who have criticised her relationship dynamic.

Not only were keyboard warriors “disgusted” by the age gap, but others told her to choose “self-respect over money.” 

It came after Sass took to social media to show off her age gap relationship, leaving many open-mouthed.

Read more relationship stories

Alongside a gorgeous picture of Sass and her partner before an evening out, she confirmed that while she was born in 1997, her man was welcomed into the world much earlier, in 1970. 

But Sass, who “doesn’t date younger”, was eager to set the record straight on her relationship, as she wrote: “If you know us as individuals, us as a couple makes sense. 

“Those we know in real life understand, are supportive and happy for us.”

Not only this, but she claimed that her man is “highly educated, emotionally intelligent, financially secure”, has “a great personality and is hot.”

As a result, she confirmed: “I’m happy as Larry.”

The TikTok clip, which was posted under the username @sweetheartsass, has clearly left many open-mouthed, as it has quickly racked up 136,800 views, 4,372 likes and 391 comments. 

I’m 20 and my man is 63 – people say he looks like Shrek and I must be in it for the money, but I’d still love him if he was a cleaner

But social media users were totally divided by Sass’ relationship – while some accused her of doing “anything for money”, others were supportive. 

One person said: “Lol my dad was born in 1977 and me in 1994. If they’re old enough to be your parent, it’s not right, sorry.” 

Anything for money and a lifestyle I guess

TikTok user

But to this, Sass eagerly clapped back and snapped: “I literally do not care about you and your dad. Go away.” 

Another slammed: “Self respect over money!” 

A-list age gap relationships that have stood the test of time

  1. Kris Jenner & Corey Gamble – 25 years
    The Kardashian matriarch, 69, met her younger man, 44, at a mutual friend’s 40th birthday party in Ibiza. They’ve been together since August 2014.
  2. Sam & Aaron Taylor-Johnson – 23 years
    The director, 57, and actor, 34, reportedly met at a film audition in 2009, and were married by 2012. The pair share two daughters and Sam has two children from a previous marriage.
  3. Rosie-Huntington-Whiteley & Jason Statham – 20 years
    The model, 37, started dating actor Jason, 57, in 2010. They were wed in 2016 and have since welcomed a son and a daughter together.
  4. Catherine Zeta-Jones & Michael Douglas – 25 years
    Catherine, 55, was introduced to Michael, 80, a film festival in 1996 and engaged three years later. Shortly after their engagement, the couple welcomed a son and married in 2000.

And a third commented: “Anything for money and a lifestyle I guess.” 

But at the same time, one user said: “Why are people disgusted with this? It’s not for them so why is it your issue? Not every relationship is a design to fit the usual expectations.” 

According to the comments I’ve committed a crime

Sass

A second chimed in: “I love this! She’s well looked after and if you look at their videos they look really happy. As women all we want is security and love and that’s what she’s getting regardless of the age gap!” 

Meanwhile, someone else gushed: “As long as you’re happy, it doesn’t matter what the person looks like, how old they are or who they are. Love is Love.” 

In response to the rude remarks, clearly unbothered, Sass later laughed: “According to the comments I’ve committed a crime.”

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