Kenya will from January 21 start repaying the Sh162 billion Chinese loan used to build the Nairobi-Naivasha standard gauge railway (SGR) line, adding to the taxpayers’ burden of settling the mounting foreign debt. The Treasury has disclosed that the $1.482 billion (Sh162 billion) debt from the Exim Bank of China that Kenya tapped in December

Turkey’s exports reached $169.5 billion in 2020, the trade minister announced Tuesday, citing preliminary data. The headline figure, despite the severe economic contraction and shrinking in foreign demand in our export markets, especially the in EU, is the exporters’ success, Ruhsar Pekcan stressed during a year-end foreign trade evaluation meeting in the capital Ankara. Pekcan

Photo/Somali Times Somalia companies are expected to sign an agreement on oil drilling in Somalia today at Villa Somalia, with a meeting to be held at the Somali presidential palace, according to our sources inside Villa Somalia. The agreement will be jointly signed by the Federal Government of Somalia and oil companies, and will be

People watch the first truck, from Estonia, entering the Eurotunnel terminal Friday, Jan.1, 2021 in Coquelles, northern France. Eleven months after Britain’s formal departure from the EU, Brexit becomes a fact of daily life on Friday, once a transition period ends and the U.K. fully leaves the world’s most powerful trading bloc. (AP Photo/Lewis Joly,

FILE – In this March 20, 2018, file photo, President Donald Trump shakes hands with Saudi Crown Prince Mohammed bin Salman in the Oval Office of the White House in Washington. The Trump administration is signing off on selling more than $1.3 billion in artillery to Saudi Arabia. The State Department says the administration told

NSE trading floor. Government bonds and Treasury bills offered Kenyan investors the best returns this year after listed shares and property took a beating in the wake of Covid-19 economic fallout. Those who opted to keep their money in bank accounts also earned lower returns as lenders cut their deposit and savings rates to lows

Top EU officials, British premier to sign trade agreement Wednesday The European Council announced Tuesday that it has adopted by written procedure the decision on the signing of the EU-UK trade deal. The agreement will be signed by the two parties Wednesday. European Council President Charles Michel and European Commission President Ursula von der Leyen

Safaricom CEO Peter Ndegwa. Safaricom has put on ice plans to launch Kenya’s first fifth-generation (5G) mobile internet services in a retreat that will see the telco focus on growing 4G network in the race to boost data use. Peter Ndegwa, the Safaricom CEO, says there is no plan to launch the 5G network in

President of Turkey Recep Tayyip Erdogan makes statements after cabinet meeting in Ankara, Turkey on December 28, 2020. ( Emin Sansar – Anadolu Agency ) Turkey-UK pact to be ‘most important trade deal’ since 1995 Customs Union with EU, says Recep Tayyip Erdogan Turkey and the UK are set to sign a landmark free trade

Photo/Somali Times The mayor of Mogadishu, Omar Mohamoud Mohamed met with the British ambassador to Somalia, Amb. Ben Fender. The meeting discussed the progress and Mogadishu projects, with particular responsibility for the two stood on the conflict resolution project of peace and stability. Amb. Ben Fender officially announced during the meeting that they would extend