Joint statement issued by the ministries of finance of the states of the federal republic. They stopped working with the Ministry of Finance and severed their relationship. The statement said that the five regional state agreements that took place in Addis Ababa, Kismayo, Kampala, Nairobi and Mogadishu, were broken by the ministry and therefore, the

By Reuters The Turkish central bank’s net international reserves fell $1.26 billion to $12.62 billion in the week to Aug. 26, central bank data showed on Thursday. The exchange rate used by Reuters on Thursday was 18.1466. In early August, the net forex reserves touched $15.68 billion, their highest level since late April but have

By Reuters Zambia won International Monetary Fund approval for a $1.3 billion, 38-month loan program on Wednesday, a crucial step in the southern African country’s quest to restructure its debts and rebuild an economy ravaged by mismanagement and COVID-19. The IMF said in a statement that the new Extended Credit Facility arrangement would provide total

Residents watch a convoy of security personnel armed with batons and shields patrol through central Kashgar in western China’s Xinjiang region, China’s discriminatory detention of Uyghurs and other mostly Muslim ethnic groups in the western region. (AP Photo/Ng Han Guan, File) By The Associated Press China has denounced a long-delayed U.N. report that was released

By Business Daily Africa Abdi Hussein Ahmed, a Kenyan wanted in the US for wildlife and drug trafficking was on Wednesday presented before a city court after his arrest early this month. Mr Ahmed had a bounty of up to Sh120 million (US $1) million for his capture and was arrested by detectives in a

By Anadolu Agency French Finance and Economy Minister Bruno Le Maire warned Tuesday that a complete cutoff of Russian gas exports to France combined with a difficult winter could impact the country’s economy. “We have to anticipate the possibility of a complete cutoff of Russian gas exports to France…We have to prepare a scenario in

The Turkish government wants to send the Somali troops for training to its country for a period of six months to one year to spend their time learning the country’s language. Anadolu Agency Turkey state own media reported, this change will be initiated by the Turkish troops who are currently being trained in Somalia, in

Saudi Crown Prince Mohammed bin Salman Reuters/Photographer Andrej Isakovic By The Associated Press A Saudi court has sentenced a woman to 45 years in prison for allegedly damaging the country through her social media activity, according to a court document obtained Wednesday. It was the second such sentence that has drawn scrutiny of the kingdom

Swedish Social Democratic Party by prime minister Magdalena Andersson. (Pontus Lundahl/TT via AP) By Anadolu Agency A Swedish-Somali politician has left the ruling Social Democrats party in protest over recent remarks by Prime Minister Magdalena Andersson, saying the party has become too xenophobic. Saida Hussein Moge criticized Andersson over comments she made last week where

Soviet President Mikhail Gorbachev waves from the Red Square tribune during a Revolution Day celebration, in Moscow, Soviet Union, Tuesday, Nov. 7, 1989. Russian news agencies are reporting that former Soviet President Mikhail Gorbachev has died at 91. The Tass, RIA Novosti and Interfax news agencies cited the Central Clinical Hospital. (AP Photo/Boris Yurchenko, File)