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

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

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

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

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,

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)

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

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

As part of a larger EUCAP-Somalia project on maritime situational awareness, the Mission donated a radar scanner to the Maritime Police Unit of Bosaso, on the northern Somali coast. The radar enhances the port authorities’ capability to observe maritime activity in the near waters on the Gulf of Aden. Following the construction of a support

PHOTO/AFP/File / DANIEL LEAL-OLIVAS British bank Lloyds said Wednesday that first-half net profits slid as it took another hit from mis-sold credit insurance before a key claims deadline, and cautioned over the outlook. Net profits dipped four percent to £2.2 billion ($2.7 billion, 2.4 billion euros) in the first six months of this year compared