Business

Erdoğan continues his ‘leader diplomacy’ during second stop on Africa trip, Gambia

President Recep Tayyip Erdoğan and his Gambian counterpart Adama Barrow attend a welcoming ceremony in capital Banjul, Gambia, Jan. 27, 2020. (AA Photo) Erdoğan’s 3-day diplomatic visit to African nations continued with Gambia, where the fight against the Gülenist Terror Group (FETÖ) made headlines, as well as military, economy cooperation Turkey’s “leader diplomacy” in Africa

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Kenya: British investors to build 80,000 low-cost houses

Housing Principal Secretary Charles Hinga when he received 228 affordable housing units on January 16 in Ngara, Nairobi. The government’s bid for affordable housing has received a major boost after British investors inked a deal to develop 80,000 new units across the country. Housing Principal Secretary Charles Hinga said the affordable housing programme (AHP) deal

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Saudi wealth fund in talks to buy Newcastle for $447 million

Photo Credit Reuters Saudi Arabia’s sovereign wealth fund is in talks to buy English soccer club Newcastle United for about £340 million, a source familiar with the situation told Reuters, confirming a report in the Wall Street Journal earlier on Saturday. British billionaire Mike Ashley, who made his fortune from sportswear retailer Sports Direct (renamed

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Camel milk can cost $30 a litre. Why is it so expensive?

Photo Credit Drome Dairy Camel milk can cost you 30 times the price of cow milk. The milk is popular across the Middle East and Africa, with 64% of the worldwide camel milk production coming from Somalia and Kenya. Camels produce far less milk than cows, and they have much longer gestation periods. Narrator: Camel

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US anti-terror aid to Kenya hits Sh40bn in ten years

President Uhuru Kenyatta and US leader Donald Trump at the White House in Washington, DC during an official visit August 27, 2018 . PHOTO | JOAN PERERUAN | NMG The US has given Kenya Sh40 billion in counterterrorism aid over the last decade, a new report has shown, placing the country’s security agencies among Africa’s

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Somalia: President Farmajo meets with UN Security Council arms embargo

Photo/Somali Times The President of the Federal Republic of Somalia, Mohamed Abdullahi Farmajo, who met with the United Nations Security Council in Somalia, shared information on the areas liberated by Somali Army, the plan was to reform the Somali National Army and fight to eliminate. Al-shabaab extremist ideology.’  The President proposed to the UN Security

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Iraqi president meets Trump in Davos, discuss foreign troops cut: Iraqi statement

Photo Credit Reuters Iraqi President Barham Salih met U.S. President Donald Trump in Davos Iraqi President Barham Salih met U.S. President Donald Trump in Davos on Wednesday and discussed reducing foreign troops in the country, the Iraqi presidency said, after Washington spurned an Iraqi request earlier this month to pull out its troops. “During the

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Somalia says oil tenders open to all following Erdoğan’s expression of interest

Somalia’s offering of offshore oil exploration tenders will be open to all, the country’s Petroleum and Mineral Resources minister said on Tuesday, a day after Ankara announced its eagerness to participate in exploration in the region. While Somalia enjoys good relations with Turkey, the country’s oil operations will be transparent and without favoritism toward any

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Kenya risks debt distress over high interest rates: IMF

Kenya uses nearly half of its tax collection to service interest on loans, the International Monetary Fund (IMF) has said in a review Kenya uses nearly half of its tax collection to service interest on loans, the International Monetary Fund (IMF) has said in a review, warning that the situation is synonymous with countries at

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Erdogan says Somalia has invited Turkey to explore for oil in its seas: NTV

Turkish President Tayyip Erdogan said on Monday that Somalia had invited Turkey to explore for oil in its seas, after Ankara signed a maritime agreement with Libya last year, broadcaster NTV reported. Turkey has been a major source of aid to Somalia following a famine in 2011 as Ankara seeks to increase its influence in

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