Business

British Ambassador to Somalia Ben Fender said a multi-faceted change would always depend on how committed Somalis are to implementing social agreements.

Photo: Credit Twitter British Ambassador to Somalia Ben Fender Speaking at the Somalia-International Cooperation Conference, Ambassador Ben Fender said that Somalia’s elections have always been about the same issues from both sides. “In recent years I have watched various elections in different regions of the country, and I have seen the same things happen again

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International Community, Somali leaders discuss election and security issues

Photo/Somali Times The Somalia Partnership Forum between the Federal Government of Somalia, regional administrations and the international community has recently opened at Amisom Headquarters in Mogadishu. Discusses a variety of issues, including the political situation in the country, political parties, and progress has been made in support of the following plans. The Prime Minister of

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Military planes to fly vaccines in to Britain to avoid ports hit by Brexit

Boris Johnson and European Commission president Ursula von der Leyen will talk again on Monday. Photograph: Henry Nicholls/Reuters By Toby Helm , Daniel Boffey & Michael Savage Officials fear delays even after EU deal as Boris Johnson and Ursula von der Leyen order talks to resume Tens of millions of doses of the Covid-19 vaccine

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British PM Johnson to speak to EU chief as Brexit talks stall

Photo: Credit Reuters British Prime Minister Boris Johnson. LONDON (Reuters) – British Prime Minister Boris Johnson will speak to European Commission President Ursula von der Leyen on Saturday to try to break an impasse in trade talks with time running out before Britain completes its departure from the bloc. British and EU negotiators paused trade

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Kenya ‘ borrowed Sh2.6bn per day’

National Treasury Cabinet Secretary Ukur Yatani. By David Mwere The government borrowed an average of Sh2.62 billion daily within four months this year as its appetite for loans to finance ambitious capital projects amid the Covid-19 pandemic continues. ”The borrowing comes despite warnings from the Bretton Woods institutions — the International Monetary Fund (IMF) and

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With a month until split, Brexit trade deal hangs in balance

EU Chief Negotiator Michel Barnier, center, walks with his team to attend Brexit trade negotiations at a conference centre, in London, Tuesday, Dec. 2, 2020. Teams from Britain and the European Union are continuing face-to-face talks on a post-Brexit trade deal with little time remaining. (AP Photo/Matt Dunham) By JILL LAWLESS LONDON (AP) — The

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UK retailer Debenhams to be liquidated

A Debenhams store is pictured in Liverpool, following the outbreak of the coronavirus disease (COVID-19), Liverpool, Britain, June 5, 2020. REUTERS/Molly Darlington LONDON (Reuters) – British department store retailer Debenhams is to be liquidated after failing to find a buyer, administrators FRP Advisory said on Tuesday. It said it would start a wind-down of Debenhams,

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Qatar becomes 10% shareholder of Turkey’s stock exchange

Transaction size of $200M implies total equity value of $2B, says Turkiye Wealth Fund of 10% Borsa Istanbul acquisition The acquisition of a 10% share in Turkish stock exchange Borsa Istanbul by the Qatari state Investment Authority was completed on Monday. ”According to a statement from the Turkiye Wealth Fund (TWF), the transaction size of

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Loan defaults hit Sh403 billion as Central Bank Kenya listing starts

Central Bank of Kenya Governor Patrick Njoroge. Workers and businesses have defaulted on loans worth Sh53.95 billion since the onset of coronavirus restrictions in March, paving the way for blacklisting of thousands of borrowers with credit reference bureaus (CRBs) from January. Data from the Central Bank of Kenya (CBK) shows that non-performing loans (NPLs) rose

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Asian shares fall despite fresh records on Wall Street

A currency trader watches monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Monday, Nov. 30, 2020. Asian shares were mixed on Monday on renewed caution despite a record high finish on Wall Street last week driven by hopes for a COVID-19 vaccine and relief for the

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