Business

Kenya: Sh40bn arms racket Defense ministry denies involvement

Photo Credit/ Daily Nation/ Former Sports CS Rashid Echesa leaves the JKIA Law Courts on February 14, 2020, after a ruling on his release from police custody, on a police cash bail of Sh1 million, in the Sh40 billion military equipment scandal. By JILL NAMATSI The Defence ministry has denied involvement in the Sh40 billion

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Kenya-Turkey trade relations flourishing: Turkish envoy

NAIROBI, Kenya Monday 17, February 2020: Turkish Ambassador to Kenya, Ahmet Cemil Miroglu speaking to Anadolu Agency in an exclusive interview at his office in capital Nairobi (Photo by: Hassan Isilow) Turkey-Kenya trade volume tripled from $52M in 2005 to $235M in 2019, says Turkish ambassador to Kenya Trade volume between Turkey and Kenya has

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Pompeo blasts corruption, promotes U.S. business in Africa trip

U.S. Secretary of State Mike Pompeo speaks at a business leaders reception at the Museu de Moeda in Luanda, Angola February 17, 2020. Andrew Caballero-Reynolds/Pool via REUTERS U.S. Secretary of State Mike Pompeo denounced corruption and touted American business on Monday during the second leg of an African tour in Angola, where the government is

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Strong will to take Turkish-Pakistani trade, economic ties to new heights

President Recep Tayyip Erdo?an shakes hands with Pakistani Prime Minister Imran Khan, Islamabad, Pakistan, Feb. 14, 2020. (AA Photo) Ankara and Islamabad look to benefit from the increasing trend in recent years and raise their bilateral trade volume to $1 billion in short-term, before eventually increasing it to $5 billion To fully realize their immense

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EU announces €5.17 million support to education in Somalia

The 4-year technical assistance project targets to strengthen education authorities’ capacity to manage and regulate the sector, while facilitating collaboration with other sector stakeholders. For example, it will aim at harmonising education policies, implementing the new curriculum framework, strengthening quality assurance and standards systems, as well as improving national examinations and assessments across the country.

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The $2 Trillion Threat To Middle East Oil

By Tsvetana Paraskova The global drive to mitigate the impact of climate change and boost renewable energy is threatening the immense wealth that the Arab Gulf oil producers have accumulated from crude oil over the past decades. potential carbon taxes, poses a huge challenge to the GCC countries, which collectively produce over one-fifth of global

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10 Methods for Making Money Online

Online Money Read carefully and select a job that fits your interests! All the people look for the best ways to make money. You may choose to do many things that will bring you a lot of pleasure and also some money for life. In this article, you will learn the simple ways how to

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Dubai’s Jobs Vanish at the Fastest Pace in a Decade

Workers take a break at a construction site in Dubai. Photographer: Christopher Pike/Bloomberg By Abeer Abu Omar Business growth in Dubai stalled while jobs disappeared at the fastest pace in at least a decade in the latest signs of strain on the Middle East’s commercial hub. Operating conditions in Dubai’s non-oil private sector worsened in

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Trade, travel hit as Chinese airline suspends direct Nairobi flights

China Southern Airlines has cancelled all its four weekly direct flights only 10 days after Kenya Airways halted direct flights into Guangzhou, China. Trade between China and Kenya has been dealt a further blow after the suspension of the only remaining direct flights between the Asian country and Nairobi amid fears of the spread of

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Somalia ratifies petroleum law

Final stage in the legislative process paves the way for IOC investment Somalian President Mohamed Abdullahi Farmajo ratified the country’s first petroleum law in the modern era in Mogadishu on Saturday. The legislative process, having earlier been approved by the upper and lower houses of the federal parliament, is now complete. “The petroleum law demonstrates

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