Business

Uber loses license in London over safety, vows to appeal

London’s transit operator says it is not renewing Uber’s license to operate in the British capital. Uber’s license expires Monday Nov. 25, 2019. (AP Photo/Frank Augstein, File) London’s transit authority on Monday refused to renew Uber’s license to operate, putting the ride-hailing company’s future in the British capital in doubt. It’s the latest chapter in

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Ethiopia a title away from a terminal in Lamu port

Under construction: Lamu port will have 32 terminals, one of which will be owned by Ethiopia, which has stakes in several other ports in the region, including Doraleh, Ethiopia will own one of the terminal in Kenya’s Lamu port, and the two countries are working to speed up the issue of the title deed. “When

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UAE in weapons making push as allies restrict sales

Models of guided munitions at the Edge display during the fifth day of Dubai Air Show in Dubai, United Arab Emirates November 21, 2019. REUTERS/Christopher Pike/File Photo The United Arab Emirates (UAE) is making a push to develop high-tech military hardware that would give it control over critical defense capabilities and lessen reliance on imports.

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Somali Foreign Minister receives a copy of the credentials of Japan Ambassador to Somalia

Photo/Somali Times Mogadishu, The Minister of Foreign Affairs and International Cooperation, His Excellency Amb. Ahmed Isse Awad, received today at his office in the Ministry in the capital Mogadishu, a copy of the credentials of the new Ambassador of Japan to the Federal Republic of Somalia, Mr. Ryoichi Horie. Amb. The Minister of Foreign Affairs

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Kenya: Pension crisis as 50,000 government staff retire

The retirement of about 50,000 civil servants is burdening taxpayers after the pension bill jumped by 63.03 percent or Sh10 billion in the first four months to October as the Treasury raised the red flag over the rising expense. Treasury data shows that public pension expenses stood at Sh27.8 billion in the four months to

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Somalia: Puntland Finance Minister, Aran Jaan Proposes Budget 2020 $ 346 million

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,

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Kenya risks losing port to China casting shadow over India’s outreach in Eastern Africa

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

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Saudi Arabia values oil giant Aramco far below original target

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

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Revealed: Mama Ngina Kenyatta’s State salary

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

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Somalia and Kenya agreed to restore diplomatic relations

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

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