Business

Kenya paid China Sh29bn to ease debt repayment standoff

President Uhuru Kenyatta and Chinese President Xi Jinping at the Hanque Square, Beijing, China. By Business Daily Africa Kenya wired Sh29.86 billion to China in the quarter to September 2021 to ease a standoff over debt repayments that delayed disbursements to projects funded by Chinese loans. Treasury documents reveal that Kenya paid the billions in

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Turkey, Qatar sign 15 new agreements to develop bilateral ties

By Anadolu Agency Agreements cover various areas including trade, investment, development, culture, diplomacy, health Turkey and Qatar on Tuesday signed 15 new agreements to boost the cooperation between the two countries. Turkish President Recep Tayyip Erdogan and Qatari Emir Sheikh Tamim bin Hamad Al Thani participated the signing ceremony of 12 of the agreements on

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Turkish lira flirts with record low as Doha eyes trouble

Credit to Photo Anadolu Agency. By Reuters The Turkish lira briefly slid 1% on Monday, again nearing record lows touched last week as concerns persisted over President Tayyip Erdogan’s rate-cutting drive and Qatar said it was keeping an eye on its ally’s economic troubles. In Doha, Foreign Minister Sheikh Mohammed bin Abdulrahman Al-Thani said Qatar

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World arms sales hit $531B in 2020

By Anadolu Agency Accounting for 54% of top 100’s total arms sales, US companies continue to dominate ranking Marking the sixth consecutive year of growth, sales by the world’s top 100 arms producers reached $531 billion in 2020 with the US taking a 54% share, according to an international think tank on Monday. Sales of

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Bitcoin falls by a fifth, cryptos see $1 bln worth liquidated

File Photo: A representation of the virtual cryptocurrency Bitcoin is seen in this picture illustration taken October 19, 2021. REUTERS/Edgar Su/File Photo By Reuters Bitcoin shed a fifth of its value on Saturday as a combination of profit-taking and macro-economic concerns triggered nearly a billion dollars worth of selling across cryptocurrencies. Bitcoin was 12% down

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Top 10 Most Performing Presidents in Africa 2021

Credit to Photo Facebook/President of Mauritius – Prithvirajsing Roopun. By African Exponent The continent of Africa is still at its infancy in terms of development. The wholesome performance of a country in terms of its national growth and development reflects the good governance tendencies of its President, the leader of the nation. Critical indicators determine

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China signals cuts in loans to Africa after reduction of financing pledge

President Uhuru Kenyatta with Chinese Foreign Minister Wang Yi. By Business Daily Africa China has signalled a reduction in loans to Kenya and other African countries in coming years after it cut financial commitment to projects in the continent as much as a third in the next three years. Nairobi has been a major beneficiary

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Turkish lira steadies after historic November selloff

Turkish lira banknotes are seen placed on U.S. Dollar banknotes in this illustration taken, November 28, 2021. REUTERS/Dado Ruvic/Illustration By Reuters The Turkish lira held steady on Wednesday after tumbling to a new record low of 14 to the dollar overnight as President Tayyip Erdogan doubled down on his pre-election strategy of sharp rate cuts

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What Farmajo and Sheikh Tamim discussed?

Photo/Somali Times The President of Somalia Mohamed Abdullahi Farmajo who is currently in Qatar met with the Emir of Qatar Sheikh Tamim bin Hamad Al Thani. President Mohamed Farmajo and Emir Sheikh Tamim discussed a number of issues related to strengthening relations between Somalia and Qatar and their common interests in order to promote effective

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China-Africa forum focuses on ‘everlasting’ ties, shared development

President of Senegal Macky Sall makes a speech during the 8th Forum on China-Africa Cooperation, in Dakar, Senegal on November 29, 2021. ( Fatma Esma Arslan – Anadolu Agency ) By Anadolu Agency Strengthening ties and enhancing cooperation are the key areas in focus as the 8th Ministerial Conference of the Forum on China-Africa Cooperation

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