President Uhuru Kenyatta at State House, Nairobi, with State of Japan Ambassador to Kenya Okaniwa Ken. On the right is Foreign Affairs Cabinet Secretary Raychelle Omamo By Business Daily Africa China has cut fresh financial commitment to Kenya’s development projects by nearly four times in seven years, falling behind Japan on the list of top

By Business Daily Africa Egypt’s listed auto dealer Ghabbour Auto (GB Auto) plans to establish a joint venture to assemble and distribute passenger vehicles in Kenya. The company made the announcement last week following a board meeting in a regulatory filing to the Egyptian Exchange (EGX) seen by the Business Daily. The firm, which deals

By Raven Tribune Although occupier Russia is threatened by sanctions, there is speculation as to how much Africa needs to become an oil and gas supplier. The continent is already positioning itself. Somalia is considered a dangerous place and a failed state: it has been shaped by tribal wars, drought and the terrorism of al-Shabaab,

A man walks past a fruit and vegetable shop at Brixton Market, amid the spread of the coronavirus disease (COVID-19), in London, Britain, September 27, 2020. REUTERS/Simon Dawson By Reuters British consumer price inflation leapt to its highest level in three decades last month, intensifying the pressure on embattled Prime Minister Boris Johnson and his

Source: U.S. Embassy in India By Anadolu Agency India sought to defend its purchases of Russian oil and gas Monday amid a US push for nations around the world to curb acquisitions, saying Europe’s consumption far surpasses India’s. Subrahmanyam Jaishankar, New Delhi’s top diplomat, lashed out at criticism over India’s purchases of Russian energy, saying

A Kenya Airways plane at the JKIA in Nairobi By Business Daily Africa Kenya Airways defaulted on interest for a Sh25 billion loan owed to the government in the year ended December, highlighting the financial hit the airline took from the pandemic disruptions. The national carrier revealed in its report for the year ended December

Innovations from Somalia range from the early adoption of the Hawala system to global money transfer companies of Somali origin including World Remit and Dahabshill. Quartz News By Tom Collins Somalia’s money transfer market is one of the most developed in the world, characterized by a large diaspora sending billions of dollars home in remittances

By Petroleum Economist The country might seem like an unlikely destination for oil and gas investors, but the recent award of seven offshore blocks to US independent Coastline Exploration demonstrates how it is working to revive its upstream sector. Somalia is one of the last major unexplored petroleum frontiers. In the past, it attracted the

The two front-runners in the race to succeed President Uhuru Kenyatta in the August election, Deputy President William Ruto (right) and Opposition Leader Raila Odinga By Business Daily Africa President Uhuru Kenyatta’s successor will require an average of Sh3.74 billion daily to repay the country’s mounting debts, underlining the heavy debt burden the new government

TB2 drone of Turkish drone-maker Baykar is seen at a stand during the first day of SAHA EXPO Defence & Aerospace Exhibition in Istanbul, Turkey, November 10, 2021. Reuters/Umit Bektas/File Photo By Reuters Ukraine received almost 30 times as much defence industry equipment from Turkey in first quarter as it did a year earlier, while