By Business Daily Africa A surprise bond issued on Tuesday targets raising billions to pay part of the Sh45.8 billion debt owed to oil marketers carried forward from the fuel subsidy scheme that the government discontinued. A communique seen by the Business Daily has revealed the government intends to raise Sh17.5 billion in the first

File – This undated image provided by OceanGate Expeditions in June 2021 shows the company’s Titan submersible. Rescuers are racing against time to find the missing submersible carrying five people, who were reported overdue Sunday night. (OceanGate Expeditions via AP, File) By The Associated Press The U.S. Coast Guard says a missing submersible imploded near

The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. Photographer Toby Melville/File Photo By Reuters UK’s main stock indexes extended declines on Thursday after a massive rate hike by the Bank of England (BoE) to tackle stubborn inflation added to worries of a slowing British economy. The

Atmis Burundi National Defence Forces Commander of the Forward Operating Base (FOB) Lt Col Richard Binyenimana (L) shakes hands with Somalia National Army Commander Maj Gen Bashir Abukar Ahmed during the handing over Xaaji Cali FOB in Hirshabelle State in Somalia on June 20, 2023. By AFP The African Union’s mission in Somalia said Wednesday

Secretary of Defense Lloyd J. Austin III poses for a photo with Somali President Hassan Sheikh Mohamud before a meeting at the Pentagon, June 21, 2023. U.S. Department of Defense By Jim Garamone Secretary of Defense Lloyd J. Austin III welcomed Somali President Hassan Sheikh Mohamud to the Pentagon today praising the Somali leader for

File Photo/Somali Times A press release from the Office of the National Auditor General said that the office shared with the Attorney General a report on the investigation of corruption in government agencies, and it was discovered that the government treasury is missing an amount of 21 million dollars. Somalia President Hassan Sheikh government looted

By Reuters British inflation defied predictions of a slowdown and held at 8.7% in May, putting yet more pressure on the Bank of England a day before it is expected to raise interest rates for the 13th time in a row to tame stubborn price growth. Markets increased their bets on further rate rises following

By Anadolu Agency The death toll from last week’s sinking of a fishing boat crammed with migrants off the coast of southwestern Greece climbed to 82 on Tuesday, with hundreds more migrants feared drowned. The body of a migrant was recovered in an area close to the sinking, said the state-run AMNA news agency, adding

President William Ruto with Energy Secretary David Chirchir with an exhibitor during Africa Energy Forum held at KICC By Business Daily Africa Kenya has completed the construction of its portion of a Sh43 billion ($309.26 million) electricity transmission line that will allow power imports and exports with neighbouring Tanzania before end of year. Energy Cabinet

File— Fulgence Kayishema sits in the Magistrate’s Court in Cape Town, South Africa, Friday, May 26, 2023. Kayishema, a former police officer, is one of the most wanted suspects in Rwanda’s genocide and is suspected of orchestrating the killing of some 2,000 people nearly three decades ago. Kayishema will apply for political asylum in South