File Photo/Somali Times Somalia’s Finance Minister has for the first time said it has cut off international aid, leaving the economy in short supply. Somalia’s Minister of Finance Abdirahman Duale Beyle said that in recent months they have been paying a small amount of money from the governments of Saudi Arabia and Qatar, but have

Treasury Cabinet Secretary Ukur Yatani. The Treasury is seeking experts to help the country restructure its external commercial loans to reduce the cost and improve its debt sustainability measure. The Treasury said in a notice on Tuesday that the expert will be tasked with drawing up the best options for Kenya to restructure its liabilities

A man wearing a protective face mask is reflected on a stock quotation board at a brokerage, in Tokyo, Japan November 6, 2020. REUTERS/Issei Kato By Stanley White Asian shares and U.S. stock futures fell on Wednesday as concern about a resurgence of coronavirus cases in some countries cast doubt on the strength of global

Britain’s Prime Minister Boris Johnson holds a news conference at 10 Downing Street, amid the coronavirus disease outbreak, in London, Tuesday April 20, 2021. (Toby Melville/Pool via AP) LONDON (AP) — The British government said Wednesday that Prime Minister Boris Johnson did nothing wrong when he exchanged text messages with a wealthy industrialist and promised

President Uhuru Kenyatta addresses the nation from State House, Nairobi on March 12, 2021. By BRIAN NGUGI The US has decried graft in government tenders in Kenya, saying it locked out qualified American firms from undertaking projects in the country. The US Trade Representative’s office (USTR) claimed that some rogue public officials in Kenya manipulated

The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. REUTERS/Toby Melville By Elizabeth Howcroft World shares traded near record highs on Monday, as markets were generally upbeat about the prospects for a global economic recovery from COVID-19, ahead of a busy week for earnings. Europe’s STOXX 600

Agreement includes establishing training center to train Greek Air Force Israel and Greece have signed a defense deal worth $1.65 billion, according to the Israeli Defense Ministry on Sunday. As part of the agreement, Israeli defense contractor Elbit Systems will establish an international training center in Greece to train the Greek Air Force over a

Payment, electronic money institutions not to mediate platforms that offer trading, custody, transfer, crypto asset issuance The Turkish Central Bank will ban the use of crypto assets in payments as they entail significant risks for the parties to the transactions. Payment and electronic money institutions will not be able to mediate platforms that offer trading,

Saudi Arabia’s Crown Prince Mohammed bin Salman. Photograph: Reuters By Patrick Wintour Mohammed bin Salman warned of damage to Saudi-UK relations if Premier League refusal not ‘corrected’ The Saudi crown prince, Mohammed bin Salman, warned Boris Johnson in a text message that UK-Saudi Arabian relations would be damaged if the British government failed to intervene

A section of Lamu Island. By BRIAN NGUGI Kenya will auction new oil and gas exploration blocks in the Lamu Basin on the Indian Ocean territory within a year as the country looks to attract new investment in the petroleum sector. Petroleum and Mining Principal Secretary Andrew Kamau said the offshore blocks will be put