Business

Turkish president Erdoğan says is committed to support Somalia

Credit Anadolu Agency/Turkish President Recep Tayyip Erdoğan Turkish President Recep Tayyip Erdoğan spoke on the phone with corrupt Somali President Hassan Sheikh Mohamoud last night on Sunday. President Erdoğan stressed that Turkey will continue to stand by the Somali people and support the peace and stability of Somalia. The phone conversation comes a little over

Read More

Turkish, Russian leaders underline importance of Russia’s exports of grain, fertilizers

Turkish President Recep Tayyip Erdogan (L) and Russian President Vladimir Putin (R) meet in Sochi, Russia on August 05, 2022. ( Photo Credit: Kremlin Press Office ) By Anadolu Agency Turkish President Recep Tayyip Erdogan and his Russian counterpart Vladimir Putin on Friday underlined the importance of exports of Russia’s grain and fertilizers. In a

Read More

UK house prices fall for first time in 13 months, Halifax says

High-rise apartments under construction can be seen in the distance behind a row of residential housing in south London, Britain, August 6, 2021. Reuters/Henry Nicholls By Reuters House prices in Britain fell the first time in more than a year in July in monthly terms and the market is likely to weaken further as interest

Read More

Cryptoverse: Bitcoin beats the heat in a jumpin’ July

By Reuters It’s been a good month for bitcoin – and we haven’t said that for a while. After months of freefall, it jumped more than 17% in July, its best performance since October. Ether rose 57%, its strongest monthly gain since January 2021. The rally was in step with gains of riskier assets such

Read More

Big pink diamond discovered in Angola, largest in 300 years

This photo supplied by Lucapa Diamond Company on Wednesday, July 27, 2022, shows the 170 carat pink diamond, right, recovered from Lulo, Angola. A big pink diamond of 170 carats has been discovered in Angola and is claimed to be the largest such gemstone found in 300 years. Called the “Lulo Rose,” the diamond was

Read More

UK inflation expectations fall again as BoE nears rates decision

A employee arranges produce inside a Sainsbury’s supermarket in Richmond, west London, Britain, June 27, 2022. Picture taken June 27, 2022. Reuters/Henry Nicholls/File Photo By Reuters The British public’s expectations for inflation fell again in July, a survey showed on Monday, potentially adding to the case for the Bank of England (BoE) to increase interest

Read More

Kenya 90 percent of firms did not pay corporate taxes

By Business Daily Africa Nine in 10 companies operating in Kenya did not pay taxes in the year to June, pointing to widespread avoidance that leaves a few firms to shoulder the burden of funding the government. Data from the Kenya Revenue Authority (KRA) shows a modest 84,428 out of the 759,164 firms registered for

Read More

London’s High Court rules against Venezuela’s Maduro in $1 billion gold battle

Venezuela’s President Nicolas Maduro Reuters/Leonardo Fernandez Viloria By Reuters London’s High Court has rejected President Nicolas Maduro’s latest efforts to gain control of more than $1 billion of Venezuela’s gold reserves stored in the Bank of England’s underground vaults in London. The court ruled on Friday that previous decisions by the Maduro-backed Venezuelan Supreme Court,

Read More

Will Somalia’s above-ground risks blunt its E&P licensing prospects?

IHS Markit By Ida Hockerfelt Amid higher global oil prices and a sharpening focus on new oil and gas supply sources to offset dependence on Russia, East African frontier Somalia has a renewed opportunity to attract foreign investors to its upstream hydrocarbon sector. However, in light of limited exploration success to date, the acute governance,

Read More

Congo oil blocks auction draws warnings of environmental catastrophe

By Reuters Licensing rights for 30 oil and gas blocks in the Democratic Republic of Congo went up for auction on Thursday, opening parts of the world’s second-biggest rainforest to drilling that could release large amounts of carbon into the atmosphere, jeopardising climate goals to tame global warming. President Felix Tshisekedi presided over the launch

Read More