Photo/Somali Times The EU on Wednesday launched a fisheries and livestock project to expand the Somali economy and improve the lives of farmers. Speaking during the launch ceremony in the capital Mogadishu, Nicolas Berlanga Martínez, the EU ambassador to Somalia, said the 14.7 million euro ($17.7 million) project is aimed at revitalizing the Somali economy,

Egyptian stall in Cairo, Egypt on 4 February 2014 [Laura Cuttier/Flickr] Egypt’s non-oil trade balance deficit reached $38.3 billion in 2020, the Egyptian trade and industry ministry announced yesterday. In an official statement, the ministry said that the country’s non-oil exports amounted to $25.29 billion, compared to $46.22 billion in 2019, marking a 17 per

Kenya has widened its debt service relief request to all its bilateral lenders, hoping to save Sh69 billion, the National Treasury has said. The move comes days after a decision by the Paris Club of international decision to give Kenya a Sh32.9 billion loan repayment break to help ease the financial distresses linked to Covid-19.

Oil prices were mixed on Tuesday as China’s record-high refinery output in 2020 boosted positive market sentiment, but investors are still cautious ahead of the inauguration of US President-elect Joe Biden on Wednesday. International benchmark Brent crude was trading at $55.01 per barrel at 0645 GMT for a 0.47% rise after closing Monday at $54.75

A man wearing a protective face mask walks past a screen displaying a graph showing recent Nikkei share average outside a brokerage, amid the coronavirus disease (COVID-19) outbreak, in Tokyo, Japan November 2, 2020. REUTERS/Issei Kato By Ritvik Carvalho LONDON (Reuters) – Global stock markets sank on Monday as soaring COVID-19 cases offset investor hopes

Pakistan and Turkey on Wednesday agreed to pursue a joint strategy on matters of mutual interests at the international level, according to Pakistan’s Foreign Ministry. The agreement came during a meeting between Pakistan’s Foreign Minister Shah Mahmood Qureshi and his Turkish counterpart Mevlut Cavusoglu in Islamabad. Cavusoglu arrived on his three-day official visit to Pakistan

A man walks past a bank’s electronic board showing the Hong Kong share index at Hong Kong Stock Exchange Monday, Jan. 11, 2021. Asian shares were mostly higher Monday as bullish sentiment persisted despite continuing signs of economic damage from the pandemic. (AP Photo/Vincent Yu) By YURI KAGEYAMA TOKYO (AP) — Global shares and U.S.

European Commission President Ursula von der Leyen, right, welcomes British Prime Minister Boris Johnson prior to a meeting at EU headquarters in Brussels, Wednesday, Dec. 9, 2020. Leaders of Britain and the EU meet Wednesday for a dinner that could pave the way to a post-Brexit trade deal, or tip the two sides toward a

Sudanese Prime Minister Abdullah Hamdok, right, welcomes US Treasury Secretary Steven Mnuchin to the Cabinet Building, in Khartoum, Sudan, Wednesday, Jan. 6, 2021. The U.S. and Sudan have agreed to settle the African country’s debt to the World Bank. The move comes after Mnuchin arrived in Sudan, the first visit by a senior American official

Photo: Credit Anadolu Agency Kenya risks losing access to cheap Eurobonds due to its debt pile-up, the International Monetary Fund (IMF) has warned, citing investor concerns over possible defaults or deferment of repayments. The IMF’s latest assessment of Kenya’s debt sustainability shows the country is likely to breach the threshold over the next decade going