Business

Stocks are off to a muted start for September; tech gains

People walk by an electronic stock board of a securities firm in Tokyo, Wednesday, Sept. 1, 2021. Asian stock markets were mixed Wednesday as investors weighed the economic impact of the spread of the coronavirus’s delta variant and Wall Street ended August with a gain for the seventh straight month. (AP Photo/Koji Sasahara) By The

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Outgoing President Farmajo receives credentials from Tanzanian and Angola ambassadors

Photo/Somali Times/ The outgoing President of the Federal Republic of Somalia, Mohamed Abdullahi Farmajo, received credentials from the Ambassadors of Tanzania, Dr. John S. Simbachawene and Angola, Mr. Sianga Kivuila Samuel Abilio. The Ambassador of the Republic of Tanzania John S. Simbachawene shared with the President a message of greetings from His Excellency Samia Hassan,

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Exclusive Congo reviewing $6 bln mining deal with Chinese investors -finmin

A copper and cobalt mine run by Sicomines is seen in Kolwezi, Democratic Republic of Congo, May 30, 2015. REUTERS/Aaron Ross/File Photo Reuters By Aaron Ross and Karin Strohecker Democratic Republic of Congo’s government is reviewing its $6 billion “infrastructure-for-minerals” deal with Chinese investors as part of a broader examination of mining contracts, Finance Minister

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Turkey among top 3 countries in world in combat drone technology

By Anadolu Agency Goal is to develop armed drones that can take off, land on aircraft carriers with short runways, says Turkish president Turkey has risen to the world’s top three in combat drone technology, the Turkish president said on Sunday. With our unmanned combat aerial vehicle Akinci, Turkey has become one of the three

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Nigeria signs military cooperation agreement with Russia

Nigeria’s President Muhammadu Buhari in Paris, France May 18, 2021. Ludovic Marin/Pool via REUTERS By Reuters Nigeria and Russia have signed a military cooperation deal providing a legal framework for the supply of equipment and the training of troops, the Nigerian embassy in Moscow said on Wednesday. President Muhammadu Buhari had expressed interest in such

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Awakening an Oil Giant: Somalia’s Minister of Petroleum and Mineral Resources Promotes Exploration and Investment at African Energy Week in Cape Town

By APO Group Somalia’s Minister of Petroleum and Mineral Resources, Abdirashid Mohamed Ahmed, has confirmed his participation at African Energy Week (AEW) in Cape Town, where he will invite interested companies to enter into negotiations regarding the country’s significant exploration opportunities. Representing the last true frontier market for African exploration, Somalia’s geological positioning, unexplored offshore

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Nairobi house prices drop on apartment oversupply

An apartment block in Kilimani. By Business Daily Africa Falling apartment prices in Kilimani and Kileleshwa weighed down the Nairobi property market into negative price growth in the 12 months to June, dampening hopes of a recovery in the sector hit hard by the Covid pandemic. A survey by realtors HassConsult found that on average,

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British gold miner to list on Nairobi bourse in Sept after takeover

A stockbroker at the Nairobi Securities Exchange trading floor. By Business Daily Africa British gold miner Papillon is set to list on the Nairobi Securities Exchange (NSE) mainboard in September after completing the first phase of its dual listing at the London Stocks Exchange this month. The company will be renamed Caracal Gold following a

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Global markets lower amid China, Afghanistan unease

A man walks past a bank’s electronic board showing the Hong Kong share index at Hong Kong Stock Exchange Tuesday, Aug. 17, 2021. Asian stock markets declined Tuesday amid concern about turmoil in Afghanistan and unease about China’s economic outlook after weak July activity. (AP Photo/Vincent Yu) By The Associated Press BEIJING (AP) — Global

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Kenya invites applications for British nursing jobs after deal

President Uhuru Kenyatta shakes hands with UK Prime Minister Boris Johnson outside 10 Downing Street in this picture taken on January 21, 2020. By Business Daily Africa The Labour ministry has invited applications from jobless Kenyan nurses looking for a chance to work in the UK. Kenya and the UK on July 29 signed the

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