President Uhuru Kenyatta By Business Daily Africa President Uhuru Kenyatta on Wednesday during Madaraka Day celebrations defended his government’s borrowing which is projected to hit at least Sh6.7 trillion by the time he leaves office, saying it was necessary to fund infrastructure and accelerate economic growth. President Kenyatta who is set to leave the office

Britain’s Queen Elizabeth, Anne, Princess Royal, Prince Charles, Camilla, Duchess of Cornwall, Prince William and Catherine, Duchess of Cambridge, along with Princess Charlotte, Prince George and Prince Louis appear on the balcony of Buckingham Palace as part of Trooping the Colour parade during the Queen’s Platinum Jubilee celebrations in London, Britain, June 2, 2022. Reuters/Hannah

By Anadolu Agency The dollar’s share of global foreign exchange reserves diminished below 59% in the final quarter of last year, extending a two-decade decline, according to the latest IMF data. “Central banks aren’t holding the greenback in their reserves to the extent that they once did,” the global body said in a blog based

President Joe Biden listens as he meets virtually with infant formula manufacturers from the South Court Auditorium on the White House complex in Washington, Wednesday, June 1, 2022. (AP Photo/Susan Walsh) By The Associated Press President Joe Biden is leaning towards making a visit to Saudi Arabia — a trip that would likely bring him

Britain’s Queen Elizabeth meets staff of the Crossrail project and Elizabeth Line as they mark the completion of London’s Crossrail project at Paddington station in London, Britain May 17, 2022. Andrew Matthews/Pool via Reuters By Reuters Queen Elizabeth thanked all those involved in her Platinum Jubilee celebrations ahead of four days of pomp, parties, parades

British Airways and Easyjet aircraft are parked at the South Terminal at Gatwick Airport, in Crawley, Britain, August 25, 2021. Reuters/Peter Nicholls/File Photo By Reuters Britain’s Transport Secretary Grant Shapps has told airlines to stop selling tickets for flights they cannot staff after a spate of cancellations caused widespread disruption for holidaymakers. Airports across Europe

Somalia’s special forces captured the senior Al-Shabab terror network leader on Wednesday. Mohamed Abdi Mukhtar nickname Sakhrawi, was arrested by Danab and Jubaland regional security forces during a large-scale operation targeting militants west of Kismayo. The military says that four of Sakhrawi’s bodyguards were killed during his arrest. The Somali special forces say that it

Somalia corrupt president Hassan Sheikh Mohamoud and his whole family in the past stealing Somalia public funds 10 September 2012 – 16 February 2017 more then $500 million according Somali officials told Somali Times. The time he was in office for 5 years he never paid civil servants, army forces, police and the whole ministry

Signage of the World Bank logo. Photo/Pool By Business Daily Africa Kenya took Sh137.93 billion from the World Bank and rich countries in four months to April as it raced to plug the more than Sh1 trillion budget deficit. The new borrowing is part of Sh433.1 billion that the Treasury is targeting from external lenders

Armed Forces of the Democratic Republic of the Congo (FARDC) soldiers take their position following renewed fighting near the Congolese border with Rwanda, outside Goma in the North Kivu province of the Democratic Republic of Congo May 28, 2022. Reuters/Djaffar Sabiti By Reuters Rwanda will retaliate if it suffers further attacks from neighbouring Democratic Republic