Signage of the World Bank logo. Photo/Pool By Business Daily Africa Kenya took Sh137.93 billion from the World Bank and rich countries in four months to April as it raced to plug the more than Sh1 trillion budget deficit. The new borrowing is part of Sh433.1 billion that the Treasury is targeting from external lenders

Israel’s Minister of Economy and Industry Orna Barbivai, UAE Minister of Economy Abdulla bin Touq Al Marri and other officials present the Free Trade Agreement they signed, which is the first such agreement Israel has with an Arab county, in Dubai, United Arab Emirates May 31, 2022. Anuj Taylor Strap Studios-GPO/Handout via Reuters By Reuters

File Photo/Somali Times The Somali Financial Management Board, including Somalia foreign experts, has called on the new Somali government to take immediate action on government revenues and budgets as well as contracts. The commission said delays in the elections and the prolonged transition period had hampered international budget support to Somalia. The commission’s report is

File Photo/Somali Times Corrupt outgoing Mohamed Hussein Roble nickname Baahane has been seeking a legal basis for an agreement reached by Somalia’s oil minister with a US company earlier this year. The company, if approved, will have the right to conduct oil and gas exploration in Somalia for the next four years, three Somali sources

China’s Foreign Minister Wang Yi, center, is escorted from his plane on his arrival in Honiara, Solomon Islands, early Thursday, May 26, 2022. Wang and a 20-strong delegation arrived in the Solomon Islands Thursday at the start of an eight-nation tour that comes amid growing concerns about Beijing’s military and financial ambitions in the South

U.S. dollar notes are seen in front of a stock graph in this November 7, 2016 picture illustration. Reuters/Dado Ruvic/Illustration/File Photo By Reuters The U.S. dollar sank to a one-month low versus major rivals on Friday as traders lowered Federal Reserve rate hike expectations amid signs the central bank might slow or even pause its

British Prime Minister Boris Johnson listens to Qatar’s Emir Sheikh Tamim bin Hamad al Thani at the start of their meeting at 10 Downing Street, in London, Britain May 24, 2022. Matt Dunham/Pool via Reuters By Reuters Britain said on Tuesday it had agreed a new Strategic Investment Partnership with Qatar on Tuesday which will

By Anadolu Agency Russia’s ruble hit its strongest level in four years against the US dollar on Monday, owing to Moscow’s steps to back the currency. Having sunk as low as 150 to the greenback in early March after the launch of the war on Ukraine, the Russian currency later gained ground with the dollar/ruble

Senegal’s president Macky Sall and German Chancellor Olaf Scholz hold a press conference at the presidential palace in Dakar, Senegal May 22, 2022. Reuters/ Ngouda Dione By Reuters Germany wants to intensively pursue gas and renewable energy projects with Senegal, Chancellor Olaf Scholz said on Sunday during his first trip to Africa, against the backdrop

A maze of crude oil pipes and valves is pictured during a tour by the Department of Energy at the Strategic Petroleum Reserve in Freeport, Texas, U.S. June 9, 2016. Reuters /Richard Carson/File Photo By Reuters Oil prices gained on Monday with U.S. fuel demand, tight supply and a slightly weaker U.S. dollar supporting the