Business

Amisom and FGS Commence Audit Of Companies And Organisations

The Federal Government of Somalia (FGS) and the African Union Mission in Somalia (Amisom) on Wednesday commenced a physical audit of companies and organisations operating within the Aden Abdulle International Airport protected area. The audit, targeting companies and organisations contracted by the United Nations and Amisom, is aimed at ensuring the private entities operate within

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Dow slumps 800 points after bonds flash recession warning

Specialist Mario Picone works on the floor of the New York Stock Exchange, Wednesday, Aug. 14, 2019. The Dow Jones Industrial Average sank 800 points after the bond market flashed a warning sign about a possible recession for the first time since 2007. (AP Photo/Richard Drew) The threat of a recession doesn’t seem so remote

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NHS prepares to charge EU citizens for treatment after a no-deal Brexit

Photo (AP) By Thomas Colson EU citizens in the UK will reportedly have to produce documentation to prove their right to access free healthcare under the NHS after a no-deal Brexit. The Department of Health indicated that hospital trusts should be prepared to charge some EU citizens who are currently eligible for free treatment “immediately

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State Department’s overly broad travel warnings undermine US mission

By Michael Rubin, opinion contributor The views expressed by contributors are their own and not the view of The Hill BERBERA, SOMALILAND To depart Mogadishu’s heavily-armed international airport Somalia’s “green zone” is an expensive prospect. Decades of lawlessness and instability in Mogadishu make insurance almost impossible. Few foreigners will pass outside the airport’s heavily fortified

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US delays tariffs on some Chinese goods, drops others

Photo/ (AP) The United States is delaying tariffs on Chinese-made cellphones, laptop computers and other items and removing other Chinese imports from its target list altogether in a move that triggered a rally on Wall Street. The Office of the U.S. Trade Representative said Tuesday that it is still planning to go ahead with 10%

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Global shares decline as trade war worries worsen

A currency trader watches monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Monday, Aug. 12, 2019. Asian stocks gained Monday amid investor jitters the U.S.-China trade war might be worsening. (AP Photo/Ahn Young-joon) Global stocks retreated Monday amid investor concerns that the U.S.-China trade war might

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How Kenya’s insatiable appetite for costly loans threatens your well-being

Kenya’s stock of public and publicly guaranteed loans might hit a mind-boggling Sh7 trillion by June next year. But that is beside the point. Seven trillion shillings is just but a big number. It really doesn’t say much. Perhaps, it is the small numbers that should speak the most: Like, when are Kenyans repaying most

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No-deal Brexit preparation is top priority, Johnson tells officials

Britain’s Prime Minister Boris Johnson visits the Fusion Energy Research Centre at the Fulham Science Centre in Oxfordshire, Britain August 8, 2019. Julian Simmonds/Pool via REUTERS British Prime Minister Boris Johnson wrote to all government employees on Friday to tell them that preparing for a no-deal exit from the European Union is his and their

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Kenya seeks 150 billion shilling syndicated loan -Business Daily

Photo/ Windsor Star Kenya’s President Uhuru Kenyatta and Canadian Prime Minister Justin Trudeau speak during a meeting at the Fairmount Pacific Rim hotel in Vancouver, B.C., Canada June 3, 2019. Kenya has sent out invitations to international commercial banks to subscribe to a syndicated loan worth up to 150 billion shillings ($1.45 billion), the Business

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Somali Lower House Speaker, Attends conference in South Africa

Photo/Somali Times The Somali delegation led by Somali Lower House Speaker, Mohamed Mursal Sheikh Abdirahman has traveled to South Africa to attend the conference of Speakers from African Parliaments. The speakers and other delegates were received at the Jonesburg Airport by South African authorities. According to the South African government, which is hosting the conference,

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