Business

German factory production slips, raising new economic fears

German factory production declined unexpectedly in December, increasing concerns about the weakening of Europe’s largest economy. The Federal Statistical Office said Thursday industrial production dropped 0.4 percent in December over the month before, when adjusted for seasonal and calendar factors. On Wednesday, the office reported factory orders also slipped. In both cases, economists had been

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Rwanda signs $400 million deal to produce methane gas from “Killer Lake”

Rwanda said on Tuesday it had signed a $400 million deal to produce bottled gas from Lake Kivu, which emits such dense clouds of methane it is known as one of Africa’s “Killer Lakes”. The project by Gasmeth Energy, owned by US and Nigerian businessmen and Rwandans, would suck gas from the lake’s deep floor

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Turkey okays extended force deployment in Gulf of Aden

Turkey’s parliament on Tuesday approved the extension of Turkish forces serving in the strategic areas of the Gulf of Aden, Somalia, and the Arabian Sea. Parliament ratified a motion extending authorization of the deployment through Feb. 10, 2020. Since it was first approved by parliament in 2008, the motion for the deployment has been extended

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British PM May to visit Brussels in search of a Brexit deal

Photo Reuters Britain’s Prime Minister Theresa May Prime Minister Theresa May will travel to Brussels on Thursday to tell European Union leaders they must accept legally binding changes to the Irish border arrangements of Britain’s divorce deal or face the prospect of a disorderly no-deal Brexit. The United Kingdom is due to leave the EU in just

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Why half of Nairobi’s Sh437m CCTV cameras are not working

Most surveillance CCTV cameras installed in Nairobi City centre are not working, a senior county official has revealed. Nairobi County Roads and Public Works Chief Officer Fredrick Karanja said that most of the 42 CCTV cameras installed in the Central Business District at a cost of Sh437 million malfunctioned and the county cannot repair them.

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Afghanistan lacks pilots, engineers to handle Black Hawk ‘copters, U.S. watchdog warns

Photo Reuters The United States risks providing Afghanistan with state-of-the-art Black Hawk helicopters that the country’s embattled air force does not have the pilots to fly nor the engineers to maintain, a U.S. watchdog said on Tuesday. The warning, by the U.S. Special Inspector for Afghanistan Reconstruction (SIGAR), comes amid widespread fears that the Afghan

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Turkey offers huge opportunities for foreign students

Turkey has become one of the top destinations for international students as the country offers tremendous opportunities for learning. The importance of the country — located at the crossroads of three continents – has also become clearer in recent years both economically and politically. The government has announced a vision to draw around 500,000 foreign

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East African nations approve individual trade pacts with EU if joint deal not reached

East African countries can individually sign separate trade agreements with the European Union (EU) if a joint deal is not reached within the next four months, according to a statement from a meeting of regional leaders. The East African Community (EAC) and the EU have been at loggerheads for years over signing the so-called Economic

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Russia, Turkey become world’s top gold buyers in 2018

Photo (AP) As the demand for gold increased 74 percent globally in 2018, Russia, Turkey and Kazakhstan became the world’s top buyers of gold, a recent report showed. According to the report published by World Gold Council (WGC), the amount of gold bought by central banks around the world in 2018 came to 651.5 tons

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Security raised as EAC review Somalia’s bid

Regional security concerns were raised here yesterday as the East African Community (EAC) tables the application of Somalia to join the bloc today. “The kind of environment we are living today is that we are threatened by terrorism” lamented Chris Kiptoo, the Kenyan principal secretary for Trade said. He told a gathering at the official

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