Business

Turkey seeks new partnership with African countries

A child in Zanzibar, Africa during the visit of Turkey’s Diyanet Foundation ( RECEP BILEK – ANADOLU AJANSI ) Turkey enhances relations with African countries on multiple fronts, promising a bright future for further cooperation Turkey’s multidimensional foreign policy has led it to seek cooperation and open itself to previously neglected regions, one of which

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Companies, broke Kenyans hope for better fortunes in 2020

Photo Credit Daily Nation Kenyans shop at Naivas supermarket in Nyeri on December 21, 2019 as they hope food prices will be more affordable come the year 2020. The Kenyans are cautiously optimistic 2020 will not be a tough year although projections point to a year of economic turbulence that will require families to trim

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Kenyattas, Mwangi gain billions at NSE

President Uhuru Kenyatta (left), James Ndegwa (centre) and Equity Group chief-executive James Mwangi It has been a good year for tycoons owning bank shares like the Kenyattas, the family of former Central Bank of Kenya governor Philip Ndegwa and Equity Group chief executive James Mwangi after each added more than Sh1.4 billion to their wealth.

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Somali Parliament approves electoral law

Photo/Somali Times Mogadishu, Members of the Somali Federal Parliament held a regular meeting on Saturday at Villa Hargeisa in Mogadishu. The agenda for today’s session is the third reading of the National Electoral Law, which was debated by MPs in recent days. Today’s hottest debate has been passed by MPs on the electoral law, which

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Ethiopia approves accord with Djibouti to build gas pipeline: report

Members of the Ethiopian Parliament in Addis Ababa. (Photo by Minasse Wondimu Hailu/Anadolu Agency/Getty Images) The Ethiopian House of Peoples’ Representative (HoPR) approved an agreement that was signed between the governments of Ethiopia and Djibouti to install a cross-border pipeline to transport natural gas. The HoPR, the lower house of the Ethiopian parliament, “approved the

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UK launches full probe of Amazon investment in Deliveroo

Photo, a Deliveroo logo on a bicycle in London. British regulators said Friday Dec. 27, 2019, they are launching a full-scale investigation of Amazon’s plan to purchase a stake in Deliveroo to determine if it would dampen competition. (AP Photo/Frank Augstein, File) British regulators said Friday they are launching a full-scale investigation of Amazon’s plan

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World shares mostly higher; China plans stimulus measures

Chinese investors monitor stock prices at a brokerage house in Bejiing, Thursday, Dec. 26, 2019. Shares are mostly higher in Asia with many world markets closed for Christmas holidays. (AP Photo/Mark Schiefelbein) Global markets edged higher on Thursday though trading was subdued after the Christmas holidays. Chinese markets surged after the government announced a relaxation

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Erdogan in Tunisia for surprise visit to discuss Libya

Turkey’s President Recep Tayyip Erdogan, left, Tunisian President Kais Saied, right, inspect a military honour guard at the airport, in Tunis, Tunisia, Wednesday, Dec. 25, 2019. Erdogan with top Turkish officials is on an unannounced visit to Tunisia to meet Saied. (Turkish Presidency via AP, Pool) Turkey’s president has met with Tunisia’s president in a

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China, Japan, South Korea meet on North Korea, free trade

South Korean President Moon Jae-in, left, shakes hands wth Japanese Prime Minister Shinzo Abe during a meeting in Chengdu, China, Tuesday, Dec. 24, 2019. (Lee Jin-wook/Yonhap via AP) Leaders from China, Japan and South Korea reiterated their commitment to ending North Korea’s nuclear and missile programs at a trilateral summit Tuesday that comes against the

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Parliament clips Central Bank of Kenya powers over State mortgage financier

Central Bank of Kenya Governor Patrick Njoroge Parliament has stripped the Central Bank of Kenya (CBK) of powers to approve the opening, relocation and closure of any branch of a mortgage refinance company. The National Assembly annulled sections 26(2) and 42 of the Central Bank of Kenya (Mortgage Refinance Companies) Regulations, 2019. The regulations, Central

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