Kenya and Tanzania presidents By The African Exponent Kenya and Tanzania have increased their foreign debts after both countries received approvals for new loans worth over $1.2 billion. The East African countries received confirmation from the International Monetary Fund (IMF) to disburse the loans. The IMF has agreed to give an additional sum of $235.6

A Petro China worker inspects a pump jack at an oil field in Tacheng, Xinjiang Uighur Autonomous Region, China June 27, 2018. Reuters/Stringer/File Photo By Reuters Democratic Republic of Congo will offer 27 oil blocks and three gas blocks, nearly double as many as previously planned, in a licensing round next week, the hydrocarbons ministry

Nigeria’s Aliko Dangote has been Africa’s richest man for much of the last decade. Photo Credit: Time.com By Face2Face Africa The world has 2,668 billionaires, according to Forbes’ calculation. They are collectively worth $12.7 trillion—$400 billion less than in 2021 due to the pandemic. America leads the world with the number of billionaires, totaling 735

Dega Nalayeh Courtesy of Bank of America Business Insider India By Hayley Cuccinello and Aaron Weinman Dega Nalayeh told Insider that she’s currently climbing Mount Kilimanjaro. She’s doing it to honor her sister, Somali-Canadian journalist Hodan Nalayeh, who was killed during a terrorist attack at a hotel in Somalia in July 2019. Dega Nalayeh and

Credit: Business Daily Africa/Kenya’s president Uhuru Kenyatta The International Monetary Fund (IMF) board will meet on July 18 to review Kenya’s request for an additional Sh28 billion ($244 million) in emergency loan, even as the country fell behind on key commitments including the establishment of a central payroll. According to Business Daily Africa reported. The

A currency trader watches monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Thursday, July 14, 2022. Asian stock markets rose Thursday despite a record-setting U.S. inflation report that pointed to more possible interest rate hikes that investors worry will chill economic growth. (AP Photo/Ahn Young-joon) By

SeafoodSource By Mark Godfrey Chinese officials and fishing industry executives have met to discuss opportunities in Somali waters for the country’s giant distant-water fleet. Several Chinese fishing firms are already operating in the region, targeting tuna and other species. Fei Sheng Chao, China’s ambassador to Somalia, addressed the online meeting, which also featured Li Le

File Photo-A sign is pictured outside the Bank of Canada building in Ottawa, Ontario, Canada, May 23, 2017. Reuters/Chris Wattie By Reuters The Bank of Canada on Wednesday raised its benchmark interest rate by a full percentage point, surprising markets with its biggest rake hike since 1998 in a bid to tame soaring inflation. The

People walk past the Bank of England in London, Britain, October 17, 2017. Reuters/Hannah McKay By Reuters The Bank of England’s independence will be put to the ultimate test as it seeks to bring inflation back down to its 2% target from more than 9%, Governor Andrew Bailey said on Tuesday. The cost-of-living squeeze is

Credit to Photo Facebook/Kenya lawmakers at Parliament Buildings By Business Daily Africa Kenya has recalled its MPs to a special session that will renew a Sh9 billion defence pact with the United Kingdom and a raft of other laws a month before the election. The National Assembly reconvenes Wednesday to consider among other businesses the