Photo/AFP Google took in some $4.7 billion in revenue in 2018 from “crawling and scraping” news websites without paying publishers, according to an industry-sponsored study released Monday which was disputed by the tech giant and media analysts. The study by the News Media Alliance underscores industry arguments about Google and other online giants harming traditional

In Augsburg speech, ambassador says skilled workers and investment are needed for country’s “rebirth.” Somalia’s economy is growing. Its government is stabilizing. And for any of those who have left it for places like Minnesota and are thinking of moving back, the country is ready for them. That was the message Monday from Minister of

Bank of Tanzania has been advised to freeze CBK Currency Collection Account The Bank of Tanzania has frozen exchange of Kenyan bank notes with immediate effect. Through a letter addressed to all financial institutions on Friday, the Tanzanian bank regulator said the Central Bank of Kenya had informed it of assurance of new series of

Photo/Somali Times The Special Representative of the Chairperson of the African Union Commission for Somalia and Head of the African Union Mission in Somalia , Ambassador Francisco Madeira, today met with the President of the Federal Republic of Somalia, H.E. Mohamed Abdullahi Mohamed , and discussed the role that Amisom has to play in the

U.S. Treasury Secretary Steven Mnuchin, left bottom, and China’s Finance Minister Liu Kun, right top, pose with other participants for a family photo of the G20 finance ministers and central bank governors meeting Sunday, June 9, 2019, in Fukuoka, western Japan. (AP Photo/Eugene Hoshiko) Finance ministers and central bank chiefs from the Group of 20

The prices of houses in Nairobi Metropolitan dropped in the first quarter of 2019 since 2013. According to a report by the Kenya Bankers Association (KBA), the decline represented about 2.8 per cent in comparison to 1.5 per cent recorded in the same period last year.The report attributed the decline in the house prices to

The UK officially opened a training facility in Somalia on Saturday for the Somali National Army (SNA), as the Horn of African country readies to take up security responsibilities. The British Embassy in Somalia announced that “the new centre will help develop Somali led security forces & promote long term stability and security in the

Samsam Ahmed in Stockholm uses the hawala system to send money to her family in Somalia. She is “very concerned” over the closures. Credit: Mona Ismail Jama/Sveriges Radio An increasing number of companies that help people transfer money to countries without reliable banking systems, known as hawala companies, are seeing their accounts with Swedish banks

A man walks next to containers in a logistics center near Tianjin Port, in northern China, May 16, 2019. REUTERS/Jason Lee U.S. President Donald Trump threatened to hit China with tariffs on “at least” another $300 billion worth of Chinese goods but said he thought both China and Mexico wanted to make deals in their

President Yoweri Museveni will Thursday give a State of Nation Address at Kampala Serena Hotel where he is expected to spell out economic progress (achievements) in the financial year 2018/19 and government plans for the 2019/20 fiscal year. The State of the Nation address will be followed by the reading of the National Budget for