African Development Bank president Akinwumi Adesina speaks during the opening ceremony of the Africa Investment Forum 2022 By The East African African leaders have said the continent’s investment risk has been exaggerated, making investors hesitant to put their money in its development projects. Quoting a Moody’s Analytics report on defaults on infrastructure investments, African Development

By Reuters Saudi Arabian state oil producer Aramco on Tuesday posted a 39% jump in its third-quarter net income that beat analysts’ forecasts, boosted by higher crude oil prices and volumes sold. Aramco’s net income rose to $42.4 billion for the three months to Sept. 30 from $30.4 billion a year earlier, it said in

A sign is pictured outside the Twitter headquarters in San Francisco. (AP Photo/Godofredo A. Vásquez) By The Associated Press Elon Musk has taken control of Twitter after a protracted legal battle and months of uncertainty. The question now is what the billionaire Tesla CEO will actually do with the social media platform. Musk ousted three

Christine Lagarde, President of the European Central Bank. (AP Photo/Michael Probst, File) By The Associated Press The European Central Bank piled on another outsized interest rate hike aimed at squelching out-of-control inflation, increasing rates Thursday at the fastest pace in the euro currency’s history and raising questions about how far the bank intends to go

A variety of coffee beans at the Nairobi auction By Business Daily Africa Demand for Kenya’s coffee has declined following a rebound in production by Brazil, which had in the last two years recorded a sharp decline creating a shortage globally. Kenya’s earnings from coffee significantly rose in the last two crop seasons on the

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