Cytonn Investment’s Amara Ridge in Karen /ENOS TECHE Kenya is among the Common Market for Eastern and Southern Africa (COMESA) countries that recorded notable increase in Foreign Direct Investment in 2017. The Comesa Investment Trend 2018 report released yesterday shows Kenya recorded $671.7 million (Sh67.1 billion) in FDI last year, up from $393.3 million (Sh39.3

Improvement in aviation safety and general security situation in Somalia has prompted foreign airlines to launch flights to Mogadishu, an airport official said on Tuesday. Said Eliye, director of operations and international relations at the Mogadishu international airport, said with the rising confidence in the country’s security, more international airlines were in talks to launch

European officials and companies met with African leaders in Vienna Tuesday for talks intended as a springboard to increase investment in Africa. Austrian Chancellor Sebastian Kurz, whose country currently holds the rotating presidency of the European Union, said investments of around 1 billion euros ($1.13 billion) could materialize as a result of guarantees and other

Sale would include 80 Patriot missiles, 60 other missiles, associated equipment, says Pentagon security cooperation agency WASHINGTON -The U.S. State Department has approved a possible foreign military sale of the Patriot air and missile defense system to Turkey for an estimated total of $3.5 billion, the Pentagon said Tuesday. According to the Defense Security Cooperation

Chinese fishing vessel (file image courtesy Tim Watters) Somalia has issued a large number of fishing licenses to Chinese operators, raising concerns among domestic fishermen that foreign fishing pressure in Somali waters will increase. In a ceremony on December 11, Somali President Mohamed Abdullahi Farmajo announced that his administration has granted 31 fishing licenses to

Foreign investors are playing a more important role in China’s A-share market in recent years, which will improve market functioning and boost the performance of large-cap equities and consumer stocks, China Daily reported Monday. Holdings of foreign investors in the A-share market accounted for about 2.5 percent of total market capitalization as of June this

FILE PHOTO: Secretary of State for Transport, Chris Grayling, arrives in Downing Street, London, Britain, December 4, 2018. REUTERS/Henry Nicholls Transport minister Chris Grayling will sign an agreement with Switzerland on Monday to ensure air services continue to operate between the two countries after Brexit. Britain is due to leave the European Union in March

Doha: Deputy Prime Minister and Minister of Foreign Affairs H E Sheikh Mohammed bin Abdulrahman Al Thani, participated in the 18th edition of Doha Forum in the opening plenary session, The Global Order Revisited: Old Actors, New Alliances, with Hassan Ali Khairi, Prime Minister of Somalia; Maria Fernanda Espinosa, President of the United Nations General

British travellers will have to pay 7 euros (6.29 pounds) for a three year pre-travel authorisation to visit the European Union after Brexit, provided London seals a divorce agreement with the bloc. The EU is readying a new electronic visa waiver system by 2021 to beef up security. The bloc’s executive proposed to exempt Britain

Mogadishu, Dec. 14, 2018:President Mohamed Abdullahi Mohamed , President of the Federal Republic of Somalia and President Isaias Afwerki, President of the State of Eritrea, held a two-day consultation meeting in Mogadishu, Somalia on December 13th-14th 2018. The two Presidents held bilateral discussions at Villa Somalia and they agreed to strengthen the two nations historical