Photo/Somali Times/Aran Jaan leader Hassan Shire Abdi Corruption Budget Aran Jaan leader Forecast for 2020, $ 346 million Puntland Finance Minister Hassan Shire Abdi Aran Jaan leader today presented his parliamentary budget to the 2020 budget. Proposes Budget 2020 $ 346 million The Budget Forecast for 2020, $ 346 million, passed yesterday from the Cabinet,

Kenya risks losing the lucrative Mombasa port to China. China is now the single largest financier for infrastructure in Africa, funding one-in-five projects and constructing every third one, according to a Deloitte report. Forty out of Africa’s 55 states, along with African Union have signed memoranda. Kenya risks losing the lucrative Mombasa port to China

Saudi Aramco, the world’s most profitable company, could raise up to $25bn in what could become the world’s biggest ever initial public offering [File: Hamad I Mohammed/Reuters] The government is preparing Saudi Aramco for what could be the world’s biggest-ever initial public offering. Saudi Aramco has set a price range for its listing that implies

Mama Ngina Kenyatta’s Former First Lady Mama Ngina Kenyatta has been receiving a monthly pay in excess of half a million shillings from the government amid legal debate on whether she is entitled to the payments. Official documents from the Presidency indicate that Mrs Kenyatta receives Sh568, 218 monthly at taxpayers’ expense for being the

Photo/Somali Times Somalia and Kenya 14 November. 2019 agreed to restore diplomatic relations, including reinstating direct flights to Nairobi and facilitating visa upon arrival. Speaking at a joint conference in Nairobi, President Kenyatta said he had agreed with his Somalia counterpart Mohamed Farmaajo to end the Wajir stop over for flights from Mogadishu to allow

President Donald Trump and Turkish President Recep Tayyip Erdogan meet in the Oval Office of the White House, Wednesday, Nov. 13, 2019, in Washington. (AP Photo/ Evan Vucci) President Donald Trump and Turkey’s leader, Recep Tayyip Erdogan, met Wednesday as relations between the NATO allies have fallen to their lowest point in decades, with Turkey

A currency trader works near the screens showing the foreign exchange rates at the foreign exchange dealing room in Seoul, South Korea, Wednesday, Nov. 13, 2019. Asian stocks sank Wednesday after U.S. President Donald Trump threatened more tariff hikes on Chinese imports if talks aimed at ending a trade war fail to produce an interim

Default on mortgages jumped 41 percent to Sh38 billion, pointing to widespread distress in the real estate sector as Kenya’s economy slows down and property auctions pick up. Latest Central Bank of Kenya (CBK) data shows that mortgages recorded the highest growth in non-performing loans (NPLs) last year from Sh27.2 billion in 2017, reflecting the

Photo/Somali Times/President of the Federal Republic of Somalia, Mohamed Abdullahi Mohamed Mogadishu, The President of the Federal Republic of Somalia, Mohamed Abdullahi Mohamed, will attend the United Nations Conference on Development in Nairobi. The conference, chaired by the United Nations Development Fund (UNFPA), sets out common plans for the development of the annual and regional

Sheikh Dr. Khalid bin Thani bin Abdullah Al Thani, representing Thani Bin Abdullah Bin Thani Al Thani Humanitarian Fund, signing the MoUs and agreements with Timothy Wright, Action Against Hunger to provide humanitarian and relief assistance in several African countries, including Somalia and Congo. Doha: The Thani Bin Abdullah Bin Thani Al Thani Humanitarian Fund