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

The foreign ministers of Greece, Cyprus, France and Egypt rejected two deals signed by Ankara and Prime Minister Fayez al-Sarraj’s U.N.-recognised Libyan government in Tripoli, calling them null and void and condemning Turkey’s activities in the eastern Mediterranean, Greek newspaper Kathimerini reported. The ministers met in Cairo on Wednesday as fallout continues from the deals,

The presidents of Turkey and Russia on Wednesday formally launched the TurkStream pipeline which will carry Russian natural gas to southern Europe through Turkey, part of Moscow’s efforts to reduce shipments via Ukraine. The pipeline project, stretching 930 km (580 miles) across the Black Sea, reinforces strong energy ties between Moscow and Ankara, which have

Motorists and cooking gas users face tough times ahead after global crude oil prices rose to an eight-month high after last week’s assassination of a top Iranian general by the US last Friday fanned fears of a major conflict in the Middle East. The indicative Brent crude price rose to an average of $72.01 a

A woman rides a bicycle past at an electronic stock board showing Japan’s Nikkei 225 index at a securities firm in Tokyo Monday, Jan. 6, 2020, in Tokyo, marking the start of this year’s trading. Shares are skidding in Asia, with Tokyo’s Nikkei 225 index down 2 percent on concern over escalating tensions in the

Britain’s Defence Minister Ben Wallace leaves the Houses of Parliament in London, Britain, October 28, 2019. REUTERS/Hannah McKay Britain’s navy will accompany UK-flagged ships through the Strait of Hormuz to provide protection after the United States killed Iranian military commander Qassem Soleimani in an air strike, inflaming tensions in the region. Britain was forced to