Business

Uhuru delays response to Sh3.3 billion secret foreign wealth leak

President Uhuru Kenyatta. By Business Daily Africa President Uhuru Kenyatta says he will soon respond in detail to revelations that his family has hidden a fortune in excess of $30 million (Sh3.3 billion) in overseas tax havens. The Kenyattas are part of the global elite whose offshore financial dealings have been laid bare in a

Read More

Australia-EU trade talks delayed amid submarine row

In this photo provided by U.S. Navy, the Virginia-class fast-attack submarine USS Missouri (SSN 780) departs Joint Base Pearl Harbor-Hickam for a scheduled deployment in the 7th Fleet area of responsibility, Sept. 1, 2021. Australia decided to invest in U.S. nuclear-powered submarines and dump its contract with France to build diesel-electric submarines because of a

Read More

Turkish foreign minister discusses strategic ties with head of African Union Commission

Turkish Foreign Minister Mevlut Cavusoglu (R) meets with Head of the African Union Commission Moussa Faki Mahamat (L) in Ankara, Turkey on September 30, 2021. ( Cem Özdel – Anadolu Agency ) By Anadolu Agency Turkey’s foreign minister discussed strategic relations and global issues with the head of the African Union (AU) Commission on Thursday,

Read More

China’s Belt and Road plans losing momentum as opposition, debt mount -study

Visitors walk past a wall with a map showing the species of peony in Belt and Road Initiative (BRI) countries, at horticultural exhibition Beijing Expo 2019, in Beijing, China April 29, 2019. Picture taken April 29, 2019. REUTERS/Stringer Reuters By David Stanway China’s vast Belt and Road Initiative (BRI) is in danger of losing momentum

Read More

Aldi to create 2,000 jobs in £1.3bn UK expansion plan

Aldi employs about 38,000 staff across its 920 UK grocery stores. Photograph: Scott Bairstow/Alamy The Guardian By Kalyeena Makortoff Discount supermarket chain to open further 100 stores as it reports 10% rise in UK and Ireland sales Aldi will create 2,000 jobs and open another 100 stores across the UK as part of a £1.3bn

Read More

Cryptocurrency exchanges rush to cut ties with Chinese users after fresh crackdown

Small toy figurines are seen on representations of the Bitcoin virtual currency displayed in front of an image of China’s flag in this illustration picture, April 9, 2019. REUTERS/Dado Ruvic/Illustration/File Photo Reuters By Samuel Shen and Andrew Galbraith Cryptocurrency exchanges and providers of crypto services are scrambling to sever business ties with mainland Chinese clients,

Read More

Erdogan: Turkey intends to buy more Russian defence systems

Turkish President Tayyip Erdogan addresses the 76th Session of the U.N. General Assembly in New York City, U.S., September 21, 2021. REUTERS/Eduardo Munoz/Pool Reuters By Humeyra Pamuk President Tayyip Erdogan said Turkey still intended to buy a second batch of S-400 missile defense systems from Russia, a move that could deepen a rift with NATO

Read More

IMF raises red flag over Tanzania’s bleak economic outlook-report

Credit to Pinterest Dar es Salaam. Tanzania requires urgent financial support of $1.1 billion (1.5 percent of GDP) in the next 12 months to avert a potential economic fallout arising from the Covid-19 pandemic and the rising import bill linked to rising crude oil prices. According to The East African reported. The International Monetary Fund

Read More

Britain expected to ease visa rules as truck driver shortage bites

Lorries are seen at an HGV parking, at Cobham services on the M25 motorway, Cobham, Britain, August 31, 2021. REUTERS/Peter Cziborra/File Photo Reuters By Michael Holden Britain is expected to announce plans to issue temporary visas to truck drivers to alleviate an acute labour shortage that has led to fuel rationing at some filling stations

Read More

Chinese banks try to calm fears about developer’s debts

The Evergrande headquarters, left, stands in Shenzhen, China, Friday, Sept. 24, 2021. Seeking to dispel fears of financial turmoil, some Chinese banks are disclosing what they are owed by a real estate developer that is struggling under $310 billion in debt, saying they can cope with a potential default. (AP Photo/Ng Han Guan) Associated Press

Read More