A Chinese engineer and a local construction worker work on a section of the Mombasa-Nairobi standard gauge railway (SGR) in Emali, Kenya, file. REUTERS/Noor Khamis/File Photo By Reuters China’s development banks provided $23 billion in financing for infrastructure projects in sub-Saharan Africa from 2007 to 2020, more than double the amount lent by such banks

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

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

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

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,

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

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

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

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

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