15 nations in Asia-Pacific region sign Regional Comprehensive Economic Partnership Agreement on sidelines of ASEAN summit Fifteen nations in the Asia-Pacific region on Sunday signed the world’s largest free trade agreement. ”The Regional Comprehensive Economic Partnership Agreement (RCEP) was signed on the sidelines of the annual summit of the Association of Southeast Asian Nations (ASEAN)

Residential Apartment in Nairobi. Kenya land prices have dropped further in Nairobi and the surrounding counties of Kiambu, Kajiado and Machakos in the three months to September despite the ongoing recovery from coronavirus hardships that lifted rent. HassConsult, which conducts a quarterly property pricing index in Kenya, said Thursday that land prices dropped 0.94 percent

People walk past an electronic stock board showing Japan’s Nikkei 225 index at a securities firm in Tokyo Thursday, Nov. 12, 2020. Stocks fell back across Asia on Thursday after gains for big technology shares pushed most Wall Street benchmarks higher. (AP Photo/Eugene Hoshiko) World stocks fell back on Thursday after an overnight comeback by

Photo: Credit Facebook China is ready to work with Somalia to push forward bilateral relations to new highs, Chinese State Councilor and Foreign Minister Wang Yi has said. Wang made the remarks in a telephone talk with Somali Minister for Foreign Affairs and International Cooperation Ahmed Isse Awad on Wednesday night. China was among the

Safaricom CEO Peter Ndegwa. Safaricom borrowed additional short-term bank loans amounting to Sh24.7 billion in the half year ended September when its net profit dropped six percent due to removal of fees on M-Pesa transactions of up to Sh1,000. KCB Group is among the country’s major banks that provided the loans to Safaricom that the

Turkey’s lira fell, partly reversing the biggest rally in two years on Monday, after President Recep Tayyip Erdoğan appointed party insider Lütfi Elvan to replace his son-in-law Berat Albayrak as Treasury and Finance Minister. The lira fell by 2.6 percent to 8.2761 per dollar in volatile trading in Istanbul on Tuesday morning. It had gained

The Treasury’s outstanding overdraft at the Central Bank of Kenya (CBK) last week touched its highest level in more than six months, official data show, pointing to rising cash flow pressure amid revenue shortfalls. Latest data by the CBK shows that the Treasury had as October 30 tapped Sh63.53 billion from the overdraft facility —

Turkey has granted nearly $3.4 million to Somalia’s debt to the International Monetary Fund (IMF), as part of an initiative the fund kicked off earlier this year to relieve the heavy debts of low-income countries. According to an International Agreement issued on Nov. 5 on the Official Gazette, Turkey contributed some $3.4 million to Somalia

Britain’s Chancellor of the Exchequer Rishi Sunak speaks at the House of Commons in London, Britain, October 22, 2020. UK Parliament/Jessica Taylor/Handout via REUTERS LONDON (Reuters) – British finance minister Rishi Sunak further ramped up his 200 billion-pound economic rescue programme on Thursday as England went into a tough new coronavirus lockdown. Sunak extended the

Kenya has for the second time in less than six months reached out to the International Monetary Fund (IMF) for budget support to weather the coronavirus economic hardships. IMF resident representative Tobias Rasmussen said the government had asked the Brettonwoods institution for another loan following the $739 million (Sh79.3) billion received in May that Kenya