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

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/ 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 Reuters Toby Melville Britain will prioritise access for high-skilled workers from around the world in its post-Brexit points-based immigration system, the government said on Tuesday, setting out its plans to put an end to a reliance on “cheap labour from Europe”. Concern over the impact of high levels of immigration from the European

Jambojet CEO Allan Kilavuka. Budget carrier Jambojet has frozen plans to fly to Mogadishu after Somali authorities failed to grant the airline a morning landing slot. The carrier planned to depart Jomo Kenyatta International Airport at 6am and fly back to Nairobi at 9.25am to allow the aircraft to be deployed on other local routes

Turkey is slated to pursue an ambitious procurement plan for 2020 as the country recovers entatively from an economic crisis in 2018 and the government spends money fighting wars on multiple fronts, including Iraq and Syria, Defense News reported on Tuesday. Accordingly, an attack drone built by Turkish aircraft manufacturer Baykar, Akıncı, will be delivered

Photo/ Somali Times Mogadishu-The Independent National Electoral Commissioners met today with the President of the Federal Republic of Somalia Mohamed Abdullahi Farmajo. Sources told Somali Times President Farmajo ask the Election Commissioners to be re-elected. Somalia is a corrupted country which is going top to bottom. The committee discussed with the president the national election

US Secretary of State Mike Pompeo, center right, walks with Ethiopian Prime Minister Abiy Ahmed at the Prime Minister’s office in Addis Ababa, after a meeting on Tuesday Feb. 18, 2020. Pompeo’s visit to Africa is the first by a Cabinet official in 18 months. (Andrew Caballero-Reynolds/Pool via AP) America’s top diplomat in his final

Photo/ Somali Times Who Stole a Somali Aid Budget? Somalia’s corruption is leading President Mohamed Abdullahi Farmajo, Prime Minster Hassan Ali Khaire , Financial Minster Abdirahman Duale Beyle and the Foreign Minister Ahmed Isse Awad. They are the top leaders who stole billions of dollars from Saudi Arabia, Qatar, Turkey , and the USA. Saudi