The European Union’s compensation budget for Kenyan troops fighting Al-Shabaab in Somalia is set to start falling in the financial year beginning July, signalling the onset of gradual withdrawal from the war-torn nation. Treasury estimates show that Kenya will in the next financial year be demanding the least reimbursement from the EU compared to the

By: Samantha Chiew The Monetary Authority of Singapore (MAS) and the Central Bank of Kenya (CBK) jointly announced that they will be organising the inaugural Afro-Asia FinTech Festival. The first of its kind event will be held in Nairobi, Kenya, from July 15-16, 2019. It will provide a platform for connections, collaborations and exchange of

FILE – In this Wednesday, May 1, 2019, file photo, members of U.S. and China delegation led by Chinese Vice Premier Liu He, U.S. Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer, stand for a group photo session after their meeting at the Diaoyutai State Guesthouse in Beijing. Chinese envoys are preparing to

Akbar al-Baker is also the CEO of Qatar Airways [Naseem Zeitoon/Reuters] Comments were the first suggesting Qatar would no longer grant visas to people from Egypt amid the two-year blockade. Qatar will not grant visas to those it considers “enemies”, the secretary general of the National Tourism Council said in reference to Egyptians seeking to

Prime Minister Theresa May addresses delegates during the Scottish Conservatives’ annual party conference at the Aberdeen Exhibition and Conference Centre, Friday May 3, 2019. Britain’s main Conservative and Labour parties took a hammering in local elections as Brexit-weary voters expressed frustration over the country’s stalled departure from the European Union. (Jane Barlow/PA via AP) Britain’s

Kenya and Uganda recorded high inflation in the month of April as the effects of severe weather and high fuel prices took a toll on household and business spending. Uganda’s overall month-on-month inflation rose to 3.5 per cent in April from 3 per cent in March while Kenya saw the highest cost of living in

Tanzania is set to test its first, maiden, cheaper and very superior own funded electric train. The train will be Africa’s fastest at a speed of 160/h on the longest railway Speaking at a historic event to launch the flash butt welding of the Standard Gauge Railway (SGR) exercise that took place at Soga in

By Samuel Ramani From port competition to the Somaliland issue, China and the UAE’s conflicting interests in the region are not easy to reconcile. On April 26, Sheikh Mohammed bin Rashid al-Makhtoum, the ruler of Dubai, signed $3.4 billion in investment deals between the United Arab Emirates (UAE) and China. These contracts were hailed in

UK Foreign Secretary arrived in Ethiopia on Thursday 2 May, where he attended at the UNESCO World Press Freedom Day celebrations in Addis Ababa. United Kingdom’s Foreign Secretary Jeremy Hunt will be visiting Kenya today, Foreign and commonwealth office has announced. The Foreign Secretary is visiting Nairobi at the end of a five day tour

The UK-funded Energy Security and Resource Efficiency in Somaliland (ESRES) programme is giving more people across Somaliland access to affordable, clean and renewable energy. Through a phased approach, ESRES in partnership with the Somaliland’s Ministry of Energy and Minerals (MoEM) is addressing the high costs of electricity in Somaliland. The diversification of Somaliland’s energy mix,