Business

State Department’s overly broad travel warnings undermine US mission

By Michael Rubin, opinion contributor The views expressed by contributors are their own and not the view of The Hill BERBERA, SOMALILAND To depart Mogadishu’s heavily-armed international airport Somalia’s “green zone” is an expensive prospect. Decades of lawlessness and instability in Mogadishu make insurance almost impossible. Few foreigners will pass outside the airport’s heavily fortified

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US delays tariffs on some Chinese goods, drops others

Photo/ (AP) The United States is delaying tariffs on Chinese-made cellphones, laptop computers and other items and removing other Chinese imports from its target list altogether in a move that triggered a rally on Wall Street. The Office of the U.S. Trade Representative said Tuesday that it is still planning to go ahead with 10%

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Global shares decline as trade war worries worsen

A currency trader watches monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Monday, Aug. 12, 2019. Asian stocks gained Monday amid investor jitters the U.S.-China trade war might be worsening. (AP Photo/Ahn Young-joon) Global stocks retreated Monday amid investor concerns that the U.S.-China trade war might

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How Kenya’s insatiable appetite for costly loans threatens your well-being

Kenya’s stock of public and publicly guaranteed loans might hit a mind-boggling Sh7 trillion by June next year. But that is beside the point. Seven trillion shillings is just but a big number. It really doesn’t say much. Perhaps, it is the small numbers that should speak the most: Like, when are Kenyans repaying most

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No-deal Brexit preparation is top priority, Johnson tells officials

Britain’s Prime Minister Boris Johnson visits the Fusion Energy Research Centre at the Fulham Science Centre in Oxfordshire, Britain August 8, 2019. Julian Simmonds/Pool via REUTERS British Prime Minister Boris Johnson wrote to all government employees on Friday to tell them that preparing for a no-deal exit from the European Union is his and their

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Kenya seeks 150 billion shilling syndicated loan -Business Daily

Photo/ Windsor Star Kenya’s President Uhuru Kenyatta and Canadian Prime Minister Justin Trudeau speak during a meeting at the Fairmount Pacific Rim hotel in Vancouver, B.C., Canada June 3, 2019. Kenya has sent out invitations to international commercial banks to subscribe to a syndicated loan worth up to 150 billion shillings ($1.45 billion), the Business

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Somali Lower House Speaker, Attends conference in South Africa

Photo/Somali Times The Somali delegation led by Somali Lower House Speaker, Mohamed Mursal Sheikh Abdirahman has traveled to South Africa to attend the conference of Speakers from African Parliaments. The speakers and other delegates were received at the Jonesburg Airport by South African authorities. According to the South African government, which is hosting the conference,

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Time for Facebook, Google, Netflix to Pay Tax In Africa

Photo/ Financial Times Online companies have managed to have an edge over how business is done and Africa has been getting the short end of the stick. Is it now time to create an even playing field that gives traditional businesses a chance? In November last year, South Africa broadened its value added tax (VAT)

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Philippines’ Duterte plans China visit to discuss South China Sea ruling

Photo/Reuters Philippine President Rodrigo Duterte will soon meet his Chinese counterpart Xi Jinping to discuss a 2016 arbitration case over the South China Sea, his spokesman said on Tuesday, as domestic pressure grows on the firebrand leader to stand up to Beijing. Despite his huge popularity and polls consistently delivering an approval rating of 80

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Under Secretary for Political Affairs David Hale’s Travel to Somalia, Kenya, and Sudan

Photo/Reuters Under Secretary for Political Affairs David Hale will travel to Somalia, Kenya, and Sudan from August 5-7, 2019. His trip will advance America’s commitment to peace and security in the Horn of Africa and commercial interests in the region. Under Secretary Hale visited Mogadishu on August 5 and met with senior officials from the

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