The Somali Shilling has gained value against the dollar in what financial experts say is a steady flow of new dollar into the Somali market in the last one week. On Friday the Somali Shilling was exchanging at Sh Som 16000 for $1 compared to last week where the exchange rate was at 22300 against...
French automaker Peugeot will open a vehicle assembly plant in Kenya, President Uhuru Kenyatta and France’s Economy and Finance Minister Michel Sapin said after signing a deal on Saturday, APA reports quoting Anadolu agency. Kenyatta said that the $11 million investment by the company “which uses a lion brand” comes at an important time when...
By Mohammed Warsame In light of Djibouti’s fortuitous positioning between East Africa and the Middle East, and on a key trade route between Asia and Europe, the country has long played a central role in regional trading. Increasingly, however, it is looking to parlay that lineage into an even greater role, expanding infrastructural capacity and...
By Nyemudzai Kakore Ethiopian Airlines will commence direct flights to Victoria Falls by March, following the commissioning of the state-of-the-art Victoria Falls International Airport which can now handle wide-bodied planes. This was revealed at a meeting between Speaker of the National Assembly Advocate Jacob Mudenda and Ethiopian Ambassador to Zimbabwe Mr Mustafe Dek Abdisalam last...
WardheerNews (WDN)- Afrika waxa ay hoy u tahay wadamada adduunka kuwa uge horeeya xaga kobcitaanka dhaqaalaha (GDP growth), iyada oo Bariga Afrika,ay horseed u tahay kobocaasi dhaqaale ee ay ku talaabsadeen guud ahaan wadamo badan oo Afrkaan ahi. Horumarka dhinaca dhaqaalaha ee Afrika, waxa uu abuuray in uu kordho dhaqaalaha dad badan oo Afrikaana, taasi...
LONDON, United Kingdom, — The Islamic Economy has seen tremendous increase in recent years transcending its traditional geographic boundaries, its entrance into East Africa could revolutionize the region’s finance & banking sector, Tourism, and Hotel sector and Fast moving consumer goods. To explore how East Africa can tap into the Islamic Economy, with an estimated...
By LESLIE WAYNE An effort by the United States to seize assets from officials who stole their countries’ wealth is now focused on returning the loot without enriching the looters. One would think that an iconic Michael Jackson “Bad Tour” glove, covered in Swarovski crystals and worn on his first solo tour, would rest in a place...
Written By Joshua Masinde, qz At the time of M-Pesa’s launch in 2007, few could have conceived the mobile money service would be as ubiquitous and deeply entrenched in the lives of millions of Kenyans as it is today. A sizable portion of Kenya’s economy is now deeply ingrained in the platform to levels that...
By Abdulkadir Suleiman By January 27, 2015, a very relative few people knew Mohamed A. Ibrahim (Farkeeti)—the outgoing Finance Minister. He was not well known in the circle of Somali politics until Prime Minister Omar Abdirashid assigned him to lead the country’s economic institutions and to envision reform policies that drive financial institutions into more...
MONTREAL, Canada — Airports are placing a higher priority on IT investments for passenger and airport security with 50% rating it a high priority, up from 37% last year. This is according to the 2016 Airport IT Trends Survey, the extensive annual study of IT trends within the global airport industry co-sponsored by SITA and...