Prime Minister Boris Johnson called for deeper investment ties between Britain and Africa at a summit for leaders of 21 African countries on Monday that comes days before his country will leave the European Union. After securing Britain’s departure from the EU, the world’s largest trading bloc, on Jan. 31, Johnson is keen to develop

Photo/ Somali Times The Somali Prime Minister does not get along with the regional State however, this is the main reason Prime Minister cancels sources from Somali officials Mogadishu-The Prime Minister of the Federal Government of Somalia Hassan Khaire has suspended a $ 112 million agreement to build cities in the country, signed today by

Doraleh: DP World, which built the port and ran it for more than a decade from 2006, estimates its losses at more than $1bn. By David Osler The government of Djibouti says it will not accept a London Court of International Arbitration ruling that it should restore the Doraleh Container Terminal concession to DP World,

Kenya is in advanced talks with the World Bank for “a fairly priced” loan of up to 100 billion shillings ($991.57 million), nearly half of its required external funding this fiscal year, a senior Treasury official said on Friday. The East African nation wants to cut debt from overseas capital markets, after a borrowing binge

A worker walks at a Tullow Oil explorational drilling site in Lokichar, Turkana County, Kenya, February 8, 2018. REUTERS/Baz Ratner Kenya’s Tullow Oil has halted its early oil pilot scheme citing poor road network in Turkana due to floods and is set to resume operations after roads are repaired. In its trading and statement and

Aliko Dangote Photographer: JWei Leng Tay/Bloomberg Aliko Dangote, Africa’s richest man, became $4.3 billion richer in 2019 as his fortune continued to grow on the back of investments in cement, flour and sugar. The 62-year-old Nigerian businessman and Africa’s most prominent industrialist ended the decade with a net worth of almost $15 billion, making him

By Ed Reed Somali Prime Minister Hassan Khaire was appointed in early 2017. He had previously worked at Soma as an executive director and his departure effectively marked the end of the company’s operations. Somalia is taking steps to attract foreign investment to its energy sector but challenges remain, most notably in how the federal

Photo Credit Nairobi news President Uhuru Kenyatta with his deputy William Ruto Kenya’s domestic and foreign debt is at a crippling Kshs 50 trillion ($50 billion). To stall the economy’s, decline the country’s government is raising revenue through sale of citizenship, passports, permanent residency and special visa programmes. Governments across the world are finding alternative

Photo/Somali Times Mogadishu-The government of the Federal Republic of Somalia and the European Union on Sunday signed an agreement on the status of EU training mission in Somalia. The agreement was signed by the Minister of Foreign Affairs and International Co-operation, Mr Ahmed Issa Awad, and Ambassador of the European Union to the Federal Republic

Photo/ Somali Times Ruthless dictator under the spotlight President of Eritrea Isaias Afwerki, the only president Eritreans have ever known. Eritrea -The President of the Federal Republic of Somalia, Mohamed Abdullahi Mohamed, visited Eritrea following a formal invitation from a dictator. Isaias Afwerki. During the visit, the two Presidents held in-depth discussions on bilateral relations