A Kshs 200 note. Kenya is headed for tough times ahead after the country’s currency lost its value against the US dollar by a 0.1 per cent depreciation on Thursday. [Photo/CBK] Even without signing any new loan deals, the country has to fork out the billions to repay its debtors, adding to the pinch the

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

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.

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

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,

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.

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

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.

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

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