Business

Brexit deal cleared by EU Parliament; UK set to leave Friday

European Parliament President David Sassoli, center, stands with other British MEP’s and members of the political group Socialist and Democrats as they participate in a ceremony prior to the vote on the UK’s withdrawal from the EU at the European Parliament in Brussels, Wednesday, Jan. 29, 2020. The U.K. is due to leave the EU

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Turkish investments in Senegal to enhance ties with Africa

President Recep Tayyip Erdo?an (R) walks with Senegalese President Macky Sall while being honored by the Presidential Guard at the Palace of the Republic of Dakar, on his official visit to Senegal, Jan. 28, 2020. (AFP Photo) Increasing investments by Turkish firms in the West African nation of Senegal are expected to fortify Turkey’s ties

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Qatar: Not keen to renegotiate LNG contracts with India

Qatar Petroleum’s president and CEO, Saad Sherida Al-Kaabi [qatarpetroleum/Twitter] Qatar is not willing to renegotiate prices under its long-term liquefied natural gas (LNG) contracts with India, Qatari energy minister, Saad Sherida Al-Kaabi, announced yesterday. Reuters quoted Al-Kabbi at an event with his Indian counterpart, Dharmendra Pradhan, in New Delhi as saying that Qatar was keen

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Law loophole denies bank customers billions in relief

Central Bank of Kenya Kenya’s top lenders could be denying their customers close to Sh6.29 billion in loan interest reliefs after the Central Bank of Kenya (CBK) lowered its benchmark rate in November last year. Market enquiries indicate that KCB, NCBA, Equity Bank and I&M Bank — with a combined loan book of Sh1.258 trillion

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Erdogan arrives in Senegal as part of Africa tour

Turkish president will meet with his Senegalese counterpart, hold joint news conference Turkish President Recep Tayyip Erdogan arrived in the Senegalese capital Dakar on Tuesday on the final stop of his three-nation African tour. Erdogan arrived at Blaise Diagne International Airport and was welcomed by his Senegalese counterpart’s spouse Marieme Faye Sall and other officials.

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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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