Business

A delegation led by Somali President takes part in the China-Africa Cooperation Forum

Mogadishu, The President of the Federal Republic of Somalia, HE Mohamed Abdullahi Mohamed and a delegation led by China will participate in the China-Africa Cooperation Forum. President Mohamed will open a session with his Chinese counterpart, Xi Jinping ahead of the opening ceremony. The two presidents will discuss the Chinese historical and historical ties, which

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Britain will use aid budget to boost trade in Africa – PM May

Cape Town (Reuters) –  Britain will use its international aid budget to boost its own interests while also seeking to deepen trade ties with Africa, Prime Minister Theresa May said on Tuesday, countering critics who say aid funds would be better spent at home. May, battling to unite her divided Conservative Party over her plan

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Report: Massive Internet Disruption Costing Somalia $10M a Day

An extended internet outage in Somalia is being called a “major disaster” to the war-torn country’s economy. The outage across the country’s south, including the capital Mogadishu, was caused by damage to an undersea fibre-optic cable two weeks ago, and is costing $10 million per day according to the government.“We lost $130 million (about Sh13.5

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US delivers new Chinook helicopter to Turkey despite F-35 problem

Turkey has started to receive the second batch of CH-47 Chinook heavy transport helicopters from the U.S., despite the ongoing crisis with the country regarding delivery of F-35 jets. The Presidency of the Defense Industry announced that the first of five helicopters, part of the second delivery of Chinooks, entered the inventory of the Turkish

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What Uhuru will be seeking from talks with Trump and May

President Uhuru Kenyatta has turned a blind eye to the political problems facing US and UK leaders in their backyards as he prepares to meet them next week in part to cement trade and diplomatic ties between Kenya and the two nations. Diplomats told the Nation that the President in his visit to Washington tomorrow

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Somali Prime Minister Khaire inspects Mogadishu Port

Mogadishu – The Prime Minister of the Federal Government of Somalia His Excellency Hassan Ali Khaire today inspects Mogadishu Port. The prime minister, who oversees the different parts of the port, urged the management of the port, the command of the police and the new head of the port taxes to increase the work and

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French energy giant Total officially quits South Pars gas project in Iran after US sanctions

Iran’s oil minister said on Monday that French energy giant Total has officially quit its multi-billion-dollar gas project in Iran after the United States threatened to impose sanctions on companies that do business in the country, Iranian state TV reported. “Total has officially left the agreement for the development of phase 11 of South Pars

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Sierra Leone: Chinese vessel caught illegally fishing

The west African nation loses some $50M annually to illegal, unreported, and unregulated fishing, according to World Bank. A Chinese fishing vessel has been caught fishing illegally in the territorial waters of Sierra Leone, off the West African coast. Commodore Sallieu Kanu, the head of Sierra Leone’s navy, said the boat was first intercepted on

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Turkey and France agree to work together against US economic moves

Turkish Finance Minister Berat Albayrak and his French counterpart Bruno Le Maire spoke by phone on Friday and discussed U.S. sanctions steps against Turkey, agreeing to act together in response to such moves, the Turkish ministry said. The statement said that the two ministers decided to work closely to develop cooperation between Turkey and France

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Canadian Rental Rates Soar In Half Of Largest Cities: PadMapper Report

Rental rates are soaring in half of Canada’s largest cities, according to new data from PadMapper.According to the site’s August rent report looking at Canada’s 26 largest cities, 13 cities saw median one-bedroom rents increase over the last month: Toronto, Burnaby, B.C., Montreal, Ottawa, Kingston, Ont., Oshawa, Ont., Hamilton, Ont. Halifax, Abbotsford, B.C., Quebec City,

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