The Minister of Finance of the Federal Government of Somalia, Abdirahman Bayle met with the US Ambassador to Somalia, Larry André. They discussed the state of Somalia’s economic reforms and how to build on the gains made so far. Somalia’s Minister of Finance Bayle said the United States strongly supports the economic reforms that Somalia

A Kenya Airways aircraft at JKIA By Business Daily Africa The European Union Aviation Safety Agency (EASA) has revoked a licence it had granted Kenya Airways (KQ) to maintain UK-registered aircraft after it failed a compliance audit. The national carrier said the agency withdrew the licence because, during the certification audit, the agency requested that

By Reuters Turkey’s annual inflation rate jumped to a 24-year high of 73.5% in May, according to data on Friday, below a forecast but fuelled by war impact, rising energy prices and a lira that has tumbled since a December crisis. The costs of transportation and food soared by 108% and 92% respectively over last

By Anadolu Agency The dollar’s share of global foreign exchange reserves diminished below 59% in the final quarter of last year, extending a two-decade decline, according to the latest IMF data. “Central banks aren’t holding the greenback in their reserves to the extent that they once did,” the global body said in a blog based

President Joe Biden listens as he meets virtually with infant formula manufacturers from the South Court Auditorium on the White House complex in Washington, Wednesday, June 1, 2022. (AP Photo/Susan Walsh) By The Associated Press President Joe Biden is leaning towards making a visit to Saudi Arabia — a trip that would likely bring him

Signage of the World Bank logo. Photo/Pool By Business Daily Africa Kenya took Sh137.93 billion from the World Bank and rich countries in four months to April as it raced to plug the more than Sh1 trillion budget deficit. The new borrowing is part of Sh433.1 billion that the Treasury is targeting from external lenders

Israel’s Minister of Economy and Industry Orna Barbivai, UAE Minister of Economy Abdulla bin Touq Al Marri and other officials present the Free Trade Agreement they signed, which is the first such agreement Israel has with an Arab county, in Dubai, United Arab Emirates May 31, 2022. Anuj Taylor Strap Studios-GPO/Handout via Reuters By Reuters

File Photo/Somali Times The Somali Financial Management Board, including Somalia foreign experts, has called on the new Somali government to take immediate action on government revenues and budgets as well as contracts. The commission said delays in the elections and the prolonged transition period had hampered international budget support to Somalia. The commission’s report is

File Photo/Somali Times Corrupt outgoing Mohamed Hussein Roble nickname Baahane has been seeking a legal basis for an agreement reached by Somalia’s oil minister with a US company earlier this year. The company, if approved, will have the right to conduct oil and gas exploration in Somalia for the next four years, three Somali sources

China’s Foreign Minister Wang Yi, center, is escorted from his plane on his arrival in Honiara, Solomon Islands, early Thursday, May 26, 2022. Wang and a 20-strong delegation arrived in the Solomon Islands Thursday at the start of an eight-nation tour that comes amid growing concerns about Beijing’s military and financial ambitions in the South