By Business Daily Africa How much foreign currency are banks holding? Commercial banks hold foreign currency in two forms; as customer deposits and as reserves. According to data from the Central Bank of Kenya (CBK), commercial banks held Sh945.3 billion in foreign currency deposits at the end of January. At the same time, the banking

Credit to Photo/Twitter A strong discussion was caused by the visit of former Ambassador Idd Bedel Mohamed to Israel, where he participated in a conference on cooperation between Israel, the Arabs and Africa. Idd Bedel Mohamed, who once served as Somalia’s ambassador to the UN, participated in a meeting organized by the Jerusalem Center for

Former Taiwanese President Ma Ying-jeou gestures as he arrives at an airport in Shanghai, China March 27, 2023. Ma Ying-jeou’s Office/Handout via Reuters By Reuters People on both sides of the Taiwan Strait are ethnically Chinese and share the same ancestor, former Taiwan President Ma Ying-jeou said on Tuesday at the start of a historic

By Anadolu Agency Three children and three adults were gunned down in a private Christian elementary school in Nashville, Tennessee, law enforcement said Monday as the US grapples with yet another horrific school shooting. The heavily armed female shooter was killed during a shootout with a five-member police team that engaged her on the second

File Photo/Somali Times A group of traditional elders from Mogadishu arrived in the conflict-ridden town of Las Anod on Monday to find a peaceful solution to the Las Anod conflict, which has been ongoing for three months. The committee has begun assessing the damage caused by the fighting in Las Anod, including the damage caused

By Business Daily Africa Kenya Airways and South African Airways have finally announced the formation of the much-touted Pan-African Airline Group next year after the plan was first mooted three years ago. The national carrier says the two airlines are currently implementing phase two of the partnership framework, an important milestone that will lead to

By Reuters Oil prices stabilised in Asian trade on Monday as investors sought cues from broader financial markets, while comments by Russian President Vladimir Putin over the weekend ratcheted up geopolitical tensions in Europe. Brent crude futures held unchanged at $74.99 a barrel at 0357 GMT after hitting a session high of $75.64. U.S. West

South Africa’s Julius Malema (left) and Kenya’s Raila Odinga. On March 20, 2023 they were at the centre of protests that went on concurrently in their respective countries: Credit to Photo/AFP By The East African Kenya’s Raila Odinga and South Africa’s Julius Malema, born in different backgrounds and at different times, are not political allies,

A Boeing 787 of the travel company Tui takes off from the southern runway at Gatwick Airport: Credit Photographer Peter Nicholls/Reuters MyLondon By Ertan Karpazli Going on holiday abroad could be the highlight of your year, but that’s only if it turns out to be worth the stress we go through to journey to our

File Photo/Somali Times More news is coming from a number of mortars that fell early this morning in the neighborhoods of Wadajir district in Mogadishu. The preliminary reports that are coming out say that two of the mortars fell on the houses of civilians in the neighborhood of Siliga Amerikan. It is reported that there