Business

World Bank, Kenya in talks for another Sh23bn loan

President Uhuru Kenyatta with World Bank Country Director for Kenya Keith Hansen By Business Daily Africa The World Bank will give Kenya $200 million (Sh22.7 billion) to support various development projects to improve food security in the country. Vinay Kunar Vutukru, a senior agriculture economist with the bank, said on Monday that the institution is

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Turkey’s engagement in Somalia has opened avenues for Somali businesses

Somalia and Turkey enjoy a special relationship, including trade, which encourages the Somali business community to travel to Turkey to import everything from clothing to medicine. Anadolu Agency reported. If one visits Somalia’s biggest markets in Bakara, Hamarwayne, and Suuq Bacaad in the capital, it would be easy to realize that the Turkish textile industry

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Asian shares fall as markets watch omicron, central banks

A woman walks past a bank’s electronic board showing the Hong Kong share index at Hong Kong Stock Exchange Monday, Feb. 7, 2022. Asian shares fell Monday, though Shanghai’s benchmark jumped after markets reopened from the Lunar New Year holidays. (AP Photo/Vincent Yu) By Associated Press Asian shares mostly fell Monday, though Shanghai’s benchmark jumped

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Chinese president holds talk with counterparts in Beijing

By Anadolu Agency Chinese President Xi Jinping on Saturday held talks with different world leaders who visited Beijing to attend opening ceremony of the 2022 Winter Olympics. Xi met his counterparts from Egypt, Serbia and five Central Asian states – Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan and Uzbekistan. During his meeting with Egyptian President Abdel Fattah Al-Sisi,

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UK interest rate rise predicted as cost of living crisis deepens

The Bank of England has warned inflation could peak at close to 6% by April. Photograph: Thomas Krych/SOPA Images/Rex/Shutterstock The Guardian By Phillip Inman Bank of England to vote on potential rate change while inflation soars to 30-year high Britons are braced for the Bank of England to increase interest rates on Thursday as the

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Euro area inflation hits record high of 5.1% in January

By Anadolu Agency Energy has highest annual rate last month with 28.6%, according to preliminary Eurostat data Annual euro area inflation hit a new record high of 5.1% in January, according to a flash estimate of preliminary data from Eurostat on Thursday. The figure, above market forecasts of 4.4%, was up from 5% in December

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Bank of England poised to raise interest rates as high inflation takes toll

The Bank of England has warned inflation could peak at close to 6% by April. Photograph: Thomas Krych/SOPA Images/Rex/Shutterstock The Guardian By Richard Partington The Bank of England is poised to raise interest rates on Thursday amid growing concern over the pressure on households from high inflation in Britain’s cost of living crisis. City economists

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Global stocks sink after Fed says US rates will rise ‘soon’

A woman wearing a face mask walks past a bank’s electronic board showing the Hong Kong share index in Hong Kong, Thursday, Jan. 27, 2022. Asian stock markets tumbled by unusually wide margins Thursday after the Federal Reserve indicated it plans to start raising interest rates soon to cool inflation. (AP Photo/Kin Cheung) By Associated

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Boeing posts $4.16 billion loss on problems with its 787 jet

A UPS Boeing 757 cargo plane makes an approach to Miami International Airport above the skies of Surfside, Fla., Wednesday, Jan. 19, 2022. (AP Photo/Wilfredo Lee) By Associated Press Boeing is reporting a $4.16 billion loss for the fourth quarter as the financial fallout from production flaws in one of its best-selling planes keeps getting

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U.S. State Department approves potential sale of radars and planes to Egypt -Pentagon

Air Force’s C-130J Super Hercules moves after landing on the newly constructed highway after India’s Prime Minister Narendra Modi inaugurated the 340 km Purvanchal Expressway in Sultanpur in the northern state of Uttar Pradesh, India, November 16, 2021. REUTERS/Pawan Kumar By Reuters The U.S. State Department has approved the potential sale of air defense radars

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