Business

Afreximbank plans to disperse 85 billion USD to support intra-African trade in 3 years

Benedict Okey Oramah, the president and chairperson of the African Export-Import Bank (Afreximabank), on Sunday said the bank planned to disperse about 85 billion U.S. dollars in support of intra-African trade until 2021. Speaking during a press conference on the sidelines of the ongoing 32nd Ordinary Session of the Assembly of the African Union (AU)

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Qatar revamps investment strategy after Kushner building bailout

Photo Reuters When news emerged that Qatar may have unwittingly helped bail out a New York skyscraper owned by the family of Jared Kushner, Donald Trump’s son-in-law, eyebrows were raised in Doha. Kushner, a senior White House adviser, was a close ally of Saudi Crown Prince Mohammed bin Salman – a key architect of a

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Ethiopian PM and Somalia President discussed Amisom operation in Somalia

The President of the Federal Republic of Somalia, HE Mohamed Abdullahi Mohamed and Prime Minister Abiy Ahmed held their meeting after ending the 32th AU summit, which opened on Sunday. discussed the Amisom operation and strengthening the relations between the two countries. That the leaders discussed the issues, including the relationship between the two governments,

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Saudi Arabia says has ‘nothing to do’ with Bezos-AMI dispute

Photo Reuters Saudi Arabia had “absolutely nothing to do” with the National Enquirer’s reporting on an extramarital relationship involving Amazon.com Inc Chief Executive Jeff Bezos, the kingdom’s minister of state for foreign affairs said. Bezos on Thursday accused American Media Inc (AMI), the Enquirer’s owner, of trying to blackmail him with the threat of publishing

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South Korea, US sign cost-sharing deal for American troops

Photo (AP) South Korea and the United States struck a new deal Sunday that increases Seoul’s contribution for the cost of the American military presence on its soil, overcoming previous failed negotiations that caused worries about their decades-long alliance. South Korea last year provided about $830 million, covering roughly 40 percent of the cost of

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Somalia President meets with the UN Secretary-General

The Secretary-General met today with President Mohamed Abdullahi Mohamed of the Federal Republic of Somalia, on the margins of the African Union Summit.The Secretary-General commended the Federal Government of Somalia’s reform agenda and underscored the importance of implementing the roadmaps on Inclusive Politics, Security and Justice, Economic Recovery, and Social Development, in close cooperation with

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Somalia, President in Addis Ababa heads of state summit African Union

Adis Ababa ,The President of the Federal Republic of Somalia, HE Mohamed Abdullahi Mohamed and the today attended a ceremony marking the 50th Anniversary of the establishment of the African Union Mission in Somalia.African Union Summit, which opens tomorrow in the catalysing presented as a lasting solution to the problem of refugees and international and

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Somalia’s Police strengthened with support from the UN, International Community

Mogadishu, Somalia’s Joint Police Program (JPP) received a funding boost of 8 million Euros yesterday, under a partnership between Germany and the United Nations in Somalia. Implemented by the Federal Government of Somalia in close cooperation with the Federal Member States, the UN and other international partners, the JPP is currently underway in the Federal

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Somali Petroleum minister denies oil blocks sell

Somalia’s petroleum ministry is being accused of attempting to illegally auction off the country’s oil blocks, the upper house of parliament has noted. The petroleum minister, Abdirashid Mohamed Ahmed, who denies that any bidding will take place is due to attend an event in London on Thursday where he says the results of seismic surveys

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Noordin Haji focuses on 5 banks, officials in Sh8bn NYS scam

Kenya’s top public prosecutor says he is focusing on five banks and bank officials linked to shady transactions involving Sh8 billion looted from the National Youth Service. Mr Noordin Haji on Thursday said he had appointed a team of prosecutors to review the findings of crime busters at the Directorate of Criminal Investigations (DCI). SH3.7

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