Major economies support $650 billion boost in IMF resources

File – The logo of the International Monetary Fund is visible on their building, Monday, April 5, 2021, in Washington. Finance officials of the world’s major economies on Wednesday, April 7, 2021 agreed on a proposal to boost the resources of the International Monetary Fund by $650 billion as a way to provide more support

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IMF warns protesting Kenyans face job cuts, taxes without loan

National Treasury Cabinet Secretary Ukur Yatani. By OTIATO GUGUYU The International Monetary Fund (IMF) warned Kenyans protesting its loans to the government that they face job cuts, tax increases and expensive loans without its assistance. The IMF has released a statement following public outcry over the government’s growing appetite for debt after it approved a

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UAE general unsuitable for role of Interpol chief, says UK report

File photo of the entrance hall of Interpol’s headquarters in Lyon. Photograph: Laurent Cipriani/AP By Patrick Wintour Election of Ahmed Naser Al-Raisi would serve to validate UAE’s record on human rights, ex-prosecutor says An Emirati general linked to human rights abuses is unsuited to head Interpol and his possible appointment may be seen as a

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How terror took over the African continent

By Kunwar Khuldune Shahid Eight law enforcement officials, including three policemen and five members of a local anti-jihadist force, were killed in a jihadist attack in Burkina Faso on Tuesday. Jihadist raids on two military bases in Somalia, using suicide car bombers, killed 23 on Saturday. On Friday, South Africa decided to deploy its troops

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Somali Information Minister Dubbe says the Afisyoni conference ends in failure

Photo/Somali Times The National Consultative Forum meeting, which has been working hard to convince the leaders of Puntland and Jubaland, has now come to an end. ”Today, we are making it clear to the Somali people that the leaders of Puntland and Jubaland do not want an election,” said Minister Dubbe. The meeting between President

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Egypt says Ethiopia’s intransigence led to failure of dam talks

The latest round of talks on the Grand Ethiopian Renaissance Dam has led to no progress because Ethiopia refused a proposal which would have seen the formation of an international mediation quartet, the spokesperson for the Egyptian Foreign Ministry said yesterday. Talks on the dam were held over two days and ended yesterday and saw

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International community calls Somali leaders to find a solution of their differences

File Photo/Somali Times A meeting between the heads of the federal government, regional administrations and the Benadir region has recently resumed in Mogadishu. The conference was the introduction of the general meeting of the 2021 elections in the coming days is expected to open, and the current Afisyoni conference discusses the agenda of the national

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Iran ship serving as Red Sea troop base near Yemen attacked

This Oct. 1, 2020, satellite photo from Planet Labs Inc. shows the Iranian cargo ship MV Saviz in the Red Sea off the coast of Yemen. The Iranian cargo ship, believed to be a base for the paramilitary Revolutionary Guard that has been anchored for years in the Red Sea off Yemen, has been attacked,

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Tanzania’s new president changes policy on COVID-19, media

File – In this Tuesday, March 16, 2021, file photo, Tanzania’s President Samia Suluhu Hassan speaks during a tour of the Tanga region of Tanzania. Tanzania’s new president appears to be taking a new, scientific approach to combat the COVID-19 pandemic. President Samia Suluhu Hassan said Tuesday April 6, 2021, she will form a technical

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State unveils Sh36bn Covid bailout for Kenya Airways, Kenya Power

Treasury Cabinet Secretary Ukur Yatani. By OTIATO GUGUYU The government will spend Sh36 billion to bail out key parastatal which have sunk into losses as a result of Covid-19 economic fallout. The National Treasury said companies including Kenya Airways, Kenya Power, and several universities need urgent support after their revenues dropped sharply during the pandemic.

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