Owners of bank shares have lost Sh31 billion over the past month as investors take profits from the rally that followed the removal of the cap on commercial lending rates. All the 10 banks have reported declines in share prices between January 20 and Thursday on what stock dealers linked to increased supply of the

Photo/ Somali Times The law which has been rejected by both Puntland and Jubaland provides for a winner-takes- all formula otherwise known as the First-Past-the Post which is used in Somaliland and neighbouring Kenya. The model which overturned the Proportional Representation (PR) proposed in the initial Bill by the poll body, NIEC arrived at by

FILE – In this June 28, 2019, file photo, President Donald Trump, right, shakes hands with Russian President Vladimir Putin, left, during a bilateral meeting on the sidelines of the G-20 summit in Osaka, Japan. Intelligence officials say Russia is interfering with the 2020 election to try to help Trump get reelected, The New York

Unemployment With the fourth industrial revolution fast approaching, what professions are safe from the technological takeover? We have all basked in the sun of technological advancements. We all celebrate when there is some new technology introduced. From 5G, self-driving cars, and even a drone delivery system, these things promise to make our day-to-day easier and

The Morgan Stanley logo is displayed on its Times Square building, in New York. Morgan Stanley is buying online brokerage E-Trade in an all-stock deal valued at about $13 billion. In the all-stock deal announced Thursday, Feb. 20, 2020, E*Trade shareholders will receive 1.0432 Morgan Stanley shares for each share they own. (AP Photo/Mark Lennihan,

Photo Credit/ Daily Nation/ Salat Hajir Jimale, a suspected Al-Shabaab fighter at Elwak Police Station in Mandera on February 20, 2020. A suspected Al-Shabaab militant has surrendered to security agencies in Mandera, a day after three people were killed in a bus attack. Salat Hajir Jimale, 23, surrendered to security agencies at Elwak town in

Flowers and candles are placed near the Midnight Shisha bar after a shooting in Hanau, near Frankfurt, Germany, February 20, 2020. REUTERS/Ralph Orlowski A gunman with suspected far-right links shot dead nine people, some of them migrants from Turkey, in an overnight rampage through a German city before killing himself, officials said. Chancellor Angela Merkel

Photo/ Somali Times The president of the Jubbaland state, Sheikh Ahmed Mohamed Islam, presiding a Thursday meeting of the Jubbaland state cabinet. Meeting discussed issues including the fight against Terrorism, The Jubbaland Cabinet has long debated the Federal Constitution, which includes the Petroleum, Information and Electoral laws, and has approved that the Jubaland state is

Photo Credit The Guardian A natural gas well at one of the Hilal gas fields in Ethiopia’s Somali region. As villagers in Somali region fall ill in unexplained circumstances, some locals fear gas exploration has tainted the local water supply At first, 23-year-old Khadar Abdi Abdullahi’s eyes began turning yellow. Then the palms of his

Photo/ Somali Times Somalia’s President Mohamed Abdullahi Farmajo has signed a law that gives the central government powers to sell the country’s oil blocks for commercial drilling, giving his administration full control of the unexploited crude deposits. The new Petroleum Act paves the way for creation of a state-owned oil company with authority to sign