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

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,

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

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

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

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,

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

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

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

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