Business

Swiss banks benefit as rich Britons line up escape route from Brexit chaos

Photo/(Reuters Swiss private banks have seen a sharp rise in British clients who are moving assets offshore to escape a chaotic Brexit, several sources familiar with the situation told Reuters. “In recent months the number of accounts opened from Britain has trebled,” one person at the wealth management arm of a large international bank in

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Namwamba: Kenya to help rebuild Somalia despite border row

Chief Administration Secretary in the Ministry of Foreign Affairs Ababu Namwamba (right) and Somali Foreign Minister Ahmed Isse Awad on the sidelines of the Somali Partnership Forum in Mogadishu on September 1, 2019. Kenya says it is still ‘committed’ to help rebuild Somalia, in the face of an ongoing bilateral row over the maritime boundary.

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Kenya’s foreign banks debt stock hits Sh1trn

Kenya has borrowed almost 10 syndicated loans since President Mwai Kibaki’s Kenya’s expensive debt from foreign commercial banks hit Sh1.09 trillion by end of June following the Sh210 billion May Eurobond issue. The loan type has grown fold over the last four years. Kenya National Bureau of Statistics (KNBS) balance of payment data sourced from

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The international cooperation conference does not address the absence of regional federal state

Photo/Somali Times Somali government operates Facebook and twitter propaganda machine campaign Puntland and Jubbaland rejected the international cooperation conference, Mogadishu,The international cooperation conference does not address the absence of regional federal state. in Somalia and international interest in Mogadishu, no mention was made of the absence of some regional governments. Although regional conference from role,

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Somalia two former Presidents form new political alliance to get rid of President Farmajo

Photo/Somali Times Mogadishu, Himilo Qaran party, led by former President Sharif Sheikh Ahmed, and UPD led by former President Hassan Sheikh Mohamud are part of the new alliance, named Forum for the National Parties. Ahmed had served as president of country from 2009 to 2012, while Mohamud remained president of Somalia from 2012 to 2017.

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International Conference Cooperation opens in Mogadishu without federal, state members

Photo/Somali Times Mogadishu, The conference was held before overseas in Europe, including the UK, Belgium and others. The meeting was officially inaugurated by Deputy Prime Minister Mahdi Mohamed Guled, while the UN envoy for Somalia and the African Union are sitting around him. More than 50 Western governments have been involved in Somalia, and this

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UK PM Johnson: I’ve been model of restraint in Brexit debate

Britain’s Prime Minister Boris Johnson arrives, accompanied by partner Carrie Symonds, ahead of the Conservative Party Conference in Manchester, England, Saturday Sept. 28, 2019. The ruling Conservative Party are continuing with their annual scheduled party conference, despite government lawmakers voting against the party request for a three-day recess to allow extra time for the event.

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A New Era in Pakistan Somalia Relations Underway

Ambassador of Somalia Khadija Mohammed Almakhzoumi and Dr. Syed Mohammed Anwer, President of Maritime Study Forum. Ambassador of Somalia Khadija Mohammed Almakhzoumi says her country wants to further strengthen relations with Pakistan, especially within the maritime sector. Almakhzoumi was speaking in a meeting with Dr. Syed Mohammed Anwer, President of Maritime Study Forum (MSF), an

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Turkey’s Erdogan refuses UN dinner over presence of Egypt’s Sisi

President of Turkey, Recep Tayyip Erdogan delivers a speech at the 74th session of UN General Assembly in New York, United States on 24 September, 2019 [Murat Kula/Anadolu Agency] Turkish President Recep Tayyip Erdogan has rejected an offer to join a dinner with the US President Donald Trump upon seeing the Egyptian President Abdel Fattah

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Farah Maalim explains why Somalis are not investing in Kenya

Kenya former Lagdera MP Farah Maalim Wealthy Somali nationals in the diaspora are avoiding investing in Kenya, former Lagdera MP Farah Maalim has noted. Maalim put the blame on the Office of the President and the Ministry of Foreign Affairs for coming up with ‘hostile’ policies which have made Somalis keep off from investing their

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