By Business Daily Africa The Treasury has said Kenya will find it challenging to sustain reliance on multilateral lenders like World Bank Group for external funding, signalling a return of costly foreign loans in the first year of the new administration. Kenya has in the past three financial years largely tapped cheaper concessional loans, helping

By Reuters Saudi Arabia’s de-facto ruler Crown Prince Mohammed bin Salman is no longer expected to attend Queen Elizabeth’s funeral on Monday, a British foreign office source said on Sunday, contrary to Britain’s earlier expectations that he would. Saudi Arabia would be represented instead by Prince Turki bin Mohammed al Saud, the source said. Prince

By Reuters The European Union executive recommended on Sunday suspending some 7.5 billion euros in funding for Hungary over corruption, the first such case in the 27-nation bloc under a new sanction meant to better protect the rule of law. The EU introduced the new financial sanction two years ago precisely in response to what

Gautam Adani (center) attends the UP Investors Summit in the northern Indian state of Uttar Pradesh, on June 3. Rajesh Kumar Singh/AP By NPR India’s richest man, Gautam Adani, shot past the Amazon founder this week in the rankings of the world’s wealthiest people. According to lists maintained by Forbes and Bloomberg, Adani’s fortune lies

Members of the public pay their respects as they pass the coffin of Queen Elizabeth II, Lying in State inside Westminster Hall, at the Palace of Westminster in London, Sunday, Sept. 18, 2022. (Adrian Dennis/Pool Photo via AP) By The Associated Press Thousands of police, hundreds of troops and an army of officials made final

By The East African This week’s order by Kenyan President William Ruto to revert cargo clearing services to the port of Mombasa could upset China and Uganda, the port’s biggest clients, and trigger anxiety among major players who depend on it. The order, issued as President Ruto took office, is set to have far-reaching ramifications.

By Anadolu Agency US House Speaker Nancy Pelosi’s Armenia visit is “against the interests” of Washington, a foreign policy and security analyst told Anadolu Agency on Saturday. The main reason for Pelosi’s appearance nearby Armenia, which is under the control of Russia and hosts Russian bases, is “to protect the interests of the Armenian lobby

By The African Exponent The international community is a vague term to mask the West’s global imperialism, and Africa should assert its voice in international relations. Whenever the term ‘international community’ is mentioned, it always carries connotations of dominance and exclusion. By way of history, the usage of this term has always implied that there

By Reuters Israeli Prime Minister Yair Lapid and Turkish President Tayyip Erdogan will meet during the U.N. General Assembly in New York, Lapid’s office said on Saturday. The meeting marks another milestone for the countries as they work to mend long-strained ties. Both governments expelled ambassadors in 2018 and have often traded barbs over the

Credit to Photo/Facebook Libyan forces affiliated with the Department for the Protection of Diplomatic Missions have evacuated the Somali embassy in Tripoli after Somali citizens stormed the building and refused to leave, according to The Libya Observer reported. The department said that in coordination with the Protocol Department of the Ministry of Foreign Affairs, the