The cap on interest rates is meant to help small traders access credit but instead it is strangling the economy Kenya might be unable to sustain its economic growth rate of about 6% a year due to poor credit growth caused by a cap on commercial lending rates, the CEO of Equity Group said on

Fishermen in Lamu County want President Uhuru Kenyatta to ban the sale of fish in Kenya by their counterparts from Somalia and Tanzania. The call is by at 6,000 fishermen from Kiunga and Ishakani on the border of Lamu and Somalia. Others are from Mkokoni, Kiwayu, Ndau, Faza, Kizingitini and Pate – all in Lamu

Somali president Mohamed Abdullahi Mohamed  has  reproach the regional states over what he termed as usurpation amid escalating political tension worsening relations between Somalia’s two levels of government. Speaking at a ceremony organized by Somali nationals in South Sudan, President Mohamed criticized the leaders of the federal member states in Somalia, saying their mandate is

The President of the Federal Republic of Somalia, HE Mohamed Abdullahi Mohamed, met with the President of the Republic of South Sudan Salva Kiir Mayar in Juba. The visit follows a peace agreement signed by South Sudan, with a final agreement signed today in Juba. This agreement is witnessed by the majority of East African

Mogadishu- Somali Times The Somali Finance Minister , Dr. Abdirahman Duale Beyle and World Bank Director for East Africa, Bella Bird signed today $ 80 Million for the first part of the world bank project sponsored by the Somali government. The Finance Minister said the World Bank has been greatly welcomed by the government and

Dubai- Somali Times A delegation led by Somalia’s Post, Telecom and Technology minister is attending the 20th Plenipotentiary Conference (PP-18) of the International Telecommunication Union , which kicked off at the Dubai World Trade Center in Dubai, UAE. The Plenipotentiary Conference is the highest decision-making body of the ITU, the United Nations specialized agency for

Philippine President Rodrigo Duterte on Monday expressed willingness to make joint efforts with China to strengthen cooperation in the fields of energy and infrastructure. “Now the shortage of energy and infrastructure hampers the Philippine economy, so the Philippines is willing to enhance cooperation with China in such areas,” Duterte said in his meeting with visiting

The Chinese Foreign Ministry on Tuesday urged the United States to do more to help developing countries without imposing conditions. The United States should put itself in the shoes of developing countries and do more concrete things for them with no political strings attached,” Foreign Ministry spokesperson Lu Kang said at a routine press briefing

Somalia’s cabinet on Monday approved a budget of 340 million U.S. dollars for the 2018/2019 financial year, which is 65 million dollars more than the previous fiscal year. Finance minister Dr Abdirahman Dual Bayle said the cabinet, which is chaired by Prime Minister Hassan Ali Khaire, noted that 55 percent of the budget will be

LONDON (Reuters) – British finance minister Philip Hammond held out the prospect on Monday of an end to austerity provided the government secures a Brexit deal with the EU, putting pressure on rebels in the ruling Conservative Party to back Prime Minister Theresa May. Delivering his annual budget speech to parliament, Hammond announced a fall