Photographer Somali Times/Somalia corrupt president Hassan Sheikh First, the president signed an oil deal with a company called Coastal Exploration without federal leaders are present without Somalis agree. The agreement that he signed is the agreement former Somalia president Mohamed Abdullahi Farmajo’s government rejected and he issued a letter and the Ministry of Foreign Affairs

By Anadolu Agency The German government has yet to coordinate internally on a common position on China’s investment bid for a container terminal in the Port of Hamburg, a government spokesman said on Friday. Chancellor Olaf Scholz has not yet exchanged views on the issue with the ministers involved, this must be awaited, Wolfgang Buechner,

The Coastline Exploration company gave details of an agreement signed last night in Mogadishu with the government of Somalia, which was revised to an agreement previously signed by former minister fraudulently February 2022. The president of Somalia also announced the decision to approve the oil production sharing agreement between Somalia and the Coastline Exploration Company,

The Federal Government of Somalia has completed the process of aligning and finalizing the oil production sharing agreements between the Federal Government of Somalia and the Coastline Exploration Company. Without agreement federal states members loophole corrupt Hassan Sheikh government. Somalia will get only 10% and Coastline Exploration Company will get 90% of the oil revenue

By Business Daily Africa Kenya Airways will be split into various subsidiaries in a State-backed restructuring plan that is aimed at returning the lossmaking national carrier to profitability. Roads, Transport and Public Works Cabinet Secretary nominee Kipchumba Murkomen told a parliamentary vetting panel Wednesday that the reforms will lead to the breaking of Kenya Airways

The TAI Anka drone on display at Istanbul’s Teknofest 2021 (Reuters) By Middle East Eye When a suspected Moroccan drone strike killed three Algerians in November 2021 near the Western Sahara town of Bir Lahlou, a furious Algiers blamed Turkey. Though there was no concrete proof, Algerian officials believed Morocco, which for a year had

A person buys produce from a fruit and vegetable market stall in central London, Britain, August 19, 2022. Photographer Henry Nicholls/File Photo By Reuters The biggest jump in food prices since 1980 pushed British inflation back into double digits last month, matching a 40-year high hit in July in a new blow for households grappling

By Malay Mail International Monetary Fund (IMF) staff yesterday reached a staff-level agreement with Somalia that will allow the release of about US$10 million (RM47 million) to the East African country, once approved by the board, the head of the IMF mission told Reuters. IMF mission chief Laura Jaramillo said the deal came after an

By The East African East African countries are facing an immediate risk of defaulting on their loans in the coming months due to a combination of rising debt servicing costs, more borrowing, rising costs of imports and higher inflationary pressures associated with the continued appreciation of the dollar. And this may undermine prospects of a

New Chancellor of the Exchequer Jeremy Hunt arrives at Downing Street in London, Britain, October 14, 2022. Photographer Henry Nicholls By Reuters Britain’s new finance minister Jeremy Hunt said on Saturday that some taxes would go up and government spending would rise by less than previously planned as he warned of difficult decisions ahead to