Business

UK trade with EU plunges after Brexit, hurting economy

File – In this file photo dated Thursday, Dec. 31, 2020, lorries pass a checkpoint to embark by ferry to Europe, at the port in Dover, England. Britain’s Office for National Statistics said Friday March 12, 2021, that the British economy shrank in January as the nation was hit by a new round of coronavirus

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Kenya eyes Sh10bn World Bank loan for Covid vaccines

Kenya has returned to the World Bank for a Sh10 billion loan to help purchase Covid-19 vaccines following a financing shortfall that threatens the country’s inoculation plan against the infectious virus. The money will buy 11 million doses of the Oxford-AstraZeneca jab that will be used to vaccinate five million persons. The Treasury failed to

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Tanzania to Charge WhatsApp Calls Due to Declining Revenue from International Calls

By Vanessa Murrey The Tanzanian government is developing a framework to enable it charge WhatsApp calls as the country grapples with declining revenue from international calls. The emergence of messaging apps like WhatsApp have given users alternatives for making international calls free of charge or at a very low rates. As a result, the telecommunications

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John Lewis to close more stores as Covid crisis wipes out profits

John Lewis says the shift to online shopping, restructuring plans, redundancies, store closures and cost of Covid crisis turbo-charged loss Photograph: David Lyons/Alamy By Sarah Butler Department store group records £517m loss and does not expect to reopen all stores in April when retail lockdown ends John Lewis Partnership has warned it will not be

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Kenya YouTubers to start paying 24pc tax to US

Credit AFP YouTube will deduct up to 24 per cent tax for content creators outside the United States. Kenyan digital content creators with YouTube channels will start paying taxes to the United States government starting June this year. In a statement sent to all YouTube content generators, parent firm Google said all creators outside the

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President Farmajo receives credentials from new UK Ambassador Kate Foster

Photo/Somali Times The President of the Federal Republic of Somalia, Mohamed Abdullahi Farmajo, has accepted the credentials of the new Ambassador of the United Kingdom to Somalia, Kate Foster. Ambassador Kate Foster conveyed the President’s greetings and message from Queen Elizabeth II, thanked her for the warm welcome and expressed her commitment to strengthening the

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New UK Ambassador in Somalia received a warm welcome

Photo/Somali Times The Permanent Secretary of the Ministry Foreign Affairs of the Federal Government Somalia Ambassador Mohamed Ali Nur Haji today welcomed the newly appointed UK Ambassador Kate Foster to Somalia at Aden Adde International Airport in Mogadishu. Kate Foster has replaced Ben Fender, who will now be based at the UK Embassy in Somalia.

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Tesla loses more than quarter of a trillion in a month as rally fizzles

Credit Reuters Shares of Tesla Inc closed lower for a fifth consecutive session on Monday, caught in a tech-led selloff that has wiped more than $277 billion off the company’s market value over the last month. High-flying tech stocks, which powered the market’s rebound from the pandemic lows in March last year, have been hit

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Biden, Dems prevail as Senate OKs $1.9T virus relief bill

President Joe Biden speaks in the State Dining Room of the White House, Saturday, March 6, 2021, in Washington. The Senate approved a sweeping pandemic relief package over Republican opposition on Saturday, moving Biden closer to a milestone political victory that would provide $1,400 checks for most American and direct billions of dollars to schools,

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Turkey hands over military barracks to Somalia

As part of restructuring Somali army, barracks built by Turkey handed over to authorities, says National Defense Ministry Turkey on Saturday handed over military barracks to Somalia, according to an official statement. “As part of restructuring the Somali Armed Forces, the Northern Barracks – 1st Stage Facilities built by Turkey in Mogadishu were handed over

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