A trader holds bank notes. The Kenya shilling dropped to a record low of 108.85 units against the dollar on Monday, market data showed, on demand for the greenback by importers. This was despite a fall in the Central Bank of Kenya(CBK) dollar reserves to a five-month low of $8.223 billion (Sh888 billion) or 4.99

Wall Street street sign is framed by a giant American flag hanging on the New York Stock Exchange in New York. Stocks are falling in early trading on Wall Street Monday, Oct. 26, 2020, and deepening last week’s losses. (AP Photo/Mary Altaffer, File) U.S. stocks fell sharply Monday as a troubling increase in coronavirus counts

Ethiopian workers let go because of Lebanon’s economic crisis wait outside Ethiopia’s embassy in Beirut (AFP) A court in Lebanon has suspended the implementation of a new contract system for migrant workers that officials said would have paved the way for the abolition of the controversial kafala system. The state Shura Council ruled in favour

A view of a quiet street in Cardiff, Wales, Sunday, Oct. 25, 2020. The Welsh government have imposed one of the U.K.’s strictest lockdowns, including a ban on non-essential travel. Under rules that took effect Friday evening, Wales also closed most businesses and restricted high schools to online instruction. (Ben Birchall/PA via AP) LONDON —

China on Monday announced that it will impose sanctions on US companies and individuals over arms sales to Taiwan. “Boeing, Lockheed Martin and Raytheon are among the list of US businesses and individuals that will face Chinese sanctions over arm sales to China’s Taiwan,” China’s Foreign Ministry Spokesman Zhao Lijian told a news conference in

Photo/Somali Times The President of Puntland State of Somalia, Said Abdullahi Deni is on his way to the Ethiopian capital Addis Ababa on Monday, according to presidential sources. Said Deni will be meeting Ethiopia Prime Minister Abiy Ahmed to arrange Ethiopia’s naval base in Bosaso. The Somali Federal Government President Mohamed Abdullahi Farmajo has an

Benard Ngugi, new Kenya Power CEO. By PATRICK ALUSHULA Kenya Power risks a Sh1.765 billion penalty for not surrendering to the State unclaimed assets that include dividends and stale cheques as required by the law. The Auditor-General Nancy Gathungu disclosed in the latest audit report that the utility firm was at the end of June

Photo/Somali Times The President of Puntland State of Somalia, Said Abdullahi Deni today officially opened the session of the Puntland Parliament, delivering a keynote address on security, his recent trips, the elections and the situation at Bosaso Port. First, Deni briefed members of the Puntland parliament on his recent travels and in the region. In

KABUL (Reuters) – A suicide bombing at an education centre in Afghanistan’s capital Kabul killed 24 people including teenage students and wounded dozens more on Saturday, officials said. A Ministry of Interior spokesman, Tariq Arian, said security guards had identified a bomber who detonated explosives in the street outside the Kawsar-e Danish centre. Most of

Afghan security forces have killed Abu Muhsin al-Masri, a senior al Qaeda leader who was on the Federal Bureau of Investigation’s Most Wanted Terrorists list, Afghanistan’s National Directorate of Security (NDS) said in a tweet late on Saturday. The head of the U.S. National Counter-Terrorism Center, Chris Miller, confirmed al-Masri’s death in a statement, saying