Business

Turkey donated armored vehicles to Somalia

Photo/Somali Times The Somali government has received from the Turkish government an armored vehicle for the Somali National Army’s Gorgor, which is assisting in operations against Al-Shabab. The Turkish ambassador to Somalia said the armored vehicles were part of Turkey’s continued military support to the Somali government since 2015. The Commander of the Armed Forces,

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Canada arms sales to Saudi Arabia violate international law, rights groups say

Saudi-backed troops in Yemen repel a Houthi rebel offensive on the oil-rich city of Marib on 14 February 2021 (AFP) By Middle East Eye Arms exports to Saudi Arabia could be used to fuel Yemen conflict, rights groups warn, as they call on Ottawa to cancel weapons sales to Riyadh, Canada is violating international law

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Senate OKs Dems’ $3.5T budget in latest win for Biden

Senate Budget Committee Chairman Bernie Sanders, I-Vt., center, walks towards the Senate floor as the Senate moves from passage of the infrastructure bill to focus on a massive $3.5 trillion budget resolution, a blueprint of President Joe Biden’s top domestic policy ambitions, at the Capitol in Washington, Tuesday, Aug. 10, 2021. (AP Photo/Andrew Harnik) By

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How Offshore Accounts in Tax Havens Are Used For Tax Evasion Through Illicit Deals

Offshore Accounts By The African Exponent Opening accounts in these banks is as easy as breathing in and out Each and every year, Africa loses billions and billions of dollars through offshore banking in tax havens, almost a perennial reality. Governments, whose politicians are mostly complicit in such illicit deals, lose billions of tax revenue

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China firm seeks billions before giving Kenya SGR

A Kenya Railways cargo train. By Business Daily Africa The Chinese operator of the standard gauge railway (SGR) has demanded billions of shillings in unpaid bills before handing over fully to Kenya. Africa Star Railway Operation Company Ltd (Afristar), the Chinese company contracted to run the train service, has listed clearing of its debts as

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UK PM Johnson has full confidence in finance minister Sunak – spokesman

Britain’s Prime Minister Boris Johnson and Chancellor of the Exchequer Rishi Sunak arrive for a Cabinet meeting, in London, Britain October 13, 2020. REUTERS/Simon Dawson/Files By Reuters LONDON, Aug 9 (Reuters) – British Prime minister Boris Johnson has full confidence in finance minister Rishi Sunak and has no plans to reshuffle his cabinet team, Johnson’s

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Kenyan foreign minister arrives in Mogadishu

Photo/Somali Times A high level Kenyan delegation led by Foreign Affairs Minister Raychelle Omamo has arrived in the Somali capital Mogadishu today. Raychelle Omamo and her delegation were welcomed at the Aden Adde International Airport by Foreign Minister Mohamed Abdirizak and other government officials. According to reports, the Kenyan foreign minister will hold private talks

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Farmajo bans government agencies from entering into agreements during elections

Photo/Somali Times Farmajo’s order came out tonight President of Somalia, Mohamed Abdullahi Mohamed Farmajo, said on Facebook propaganda campaign from his office over the bodies stopped to enter into an agreement or understanding of any pressing political, economic and security. The President said that considering the elections, he has suspended until after the elections, the

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Top 10 Africa’s Billionaires

Founder and Chief Executive of the Dangote Group Aliko Dangote gestures during an interview with Reuters in his office in Lagos, Nigeria, June 13, 2012. REUTERS/Akintunde Akinleye/File Photo According to the Forbes, the top 10 richest people in the continent have an average networth of $4.1 billion Nigeria’s Aliko Dangote tops the list of the

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Honda reverts to profit on recovery from pandemic damage

A man wearing a protective mask to help curb the spread of the coronavirus walks past the logo of Honda Motor Company in Tokyo on May 13, 2021. Honda returned to profitability in April-June, recording a 222.5 billion yen ($2 billion) profit, as better sales and costs cuts added to the Japanese automaker’s bottom line.

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