Business

Why Kenya’s trade pact with Uganda may come at a price

The jury was still out yesterday as to whether Kenya may have got a raw deal from the flurry of economic pacts signed with Uganda during President Yoweri Museveni’s three-day visit. While some praised President Uhuru Kenyatta’s success at gaining his counterpart’s backing for the extension of the Standard Gauge Railway (SGR) to Uganda in

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No-deal Brexit fears rise as parliament sinks May’s deal

Britain’s Prime Minister Theresa May speaks in the Parliament in London, Britain, March 29, 2019 in this screen grab taken from video. Reuters TV via REUTERS Lawmakers rejected Prime Minister Theresa May’s Brexit deal for a third time on Friday, sounding its probable death knell and leaving Britain’s withdrawal from the European Union in turmoil

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U.S. energy secretary unsure if Saudi nuclear approvals came after Khashoggi killing

Photo Reuters U.S. Energy Secretary Rick Perry told lawmakers on Thursday he did not know whether any of the approvals he authorized for U.S. companies to sell nuclear power technology to Saudi Arabia were made after the killing of journalist Jamal Khashoggi in October last year. Perry told a Senate hearing he has approved six

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U.S. approved secret nuclear power work for Saudi Arabia

Photo Reuters U.S. Energy Secretary Rick Perry has approved six secret authorizations by companies to sell nuclear power technology and assistance to Saudi Arabia, according to a copy of a document seen by Reuters on Wednesday. The Trump administration has quietly pursued a wider deal on sharing U.S. nuclear power technology with Saudi Arabia, which

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Britain’s May offers to quit to get her Brexit deal over the line

British Prime Minister Theresa May speaks at the House of Commons in London, Britain March 27, 2019. ©UK Parliament/Jessica Taylor/Handout via REUTERS British Prime Minister Theresa May offered on Wednesday to quit if her European Union divorce deal passes at the third attempt, making a last-ditch sacrifice to try to win over dozens of rebels

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European Central Bank ready to act if trouble hits economy

Photo (AP) The European Central Bank is ready to take further action to help the economy if the outlook takes a sudden turn for the worse, President Mario Draghi said Wednesday. Draghi told a conference that the bank would take “all the monetary policy actions that are necessary and proportionate” in addition to steps taken

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Japan donates to Somalia $ 1 million to prevent terror attacks

Nairobi, The embassy in Kenya has said it will donate about $ 1 million to the fight against Al-Shabaab militants in Somalia. The embassy said in a statement that the money would be sent to the Somali government Fund for the Fight against terror attacks. The Government of Japan for five years in the past

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China, France continue to regard each other as diplomatic priority

China views the ties with France as something very important, and that has not changed at all over time, Chinese President Xi Jinping said on Sunday when meeting with French President Emmanuel Macron in Nice, one of the largest cities in France. China has regarded France as its diplomatic priority, President Xi said, also vowing

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Arab summit won’t discuss Syria membership: spokesman

Syria’s membership in the Arab League is not on the agenda of this month’s annual Arab summit, the pan-Arab body confirmed on Sunday. Arab leaders are scheduled to meet in Tunisia on March 31 for their annual summit. “Syria’s return to the Arab League has not officially been discussed during the league’s meetings,” Mahmoud Afifi,

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Erdogan says Turkey will not go back on purchase of Russian S-400s

Photo Reuters Turkey will not go back on the purchase of S-400 missile systems from Russia no matter what the United States says, President Tayyip Erdogan said on Sunday. He made the comment in an interview with broadcaster TGRT Haber. The United States could soon freeze preparations for delivering F-35 fighter jets to Turkey, officials

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