PANAMA CITY (AP) — Eight years after 11 million leaked secret financial documents revealed how some of the world’s richest people hide their wealth, more than two dozen defendants are on trial in Panama for their alleged roles. The repercussions … Continued
APA-Addis Ababa (Ethiopia) Africa has seen increasing debt, financial and climate challenges amid remarkable resilience against a series of shocks, Claver Gatete, Executive Secretary of the United Nations Economic Commission for Africa (UNECA) has said. A press statement issued by the … Continued
In a move that may reflect a political backlash, Kenya has replaced Caroline Mwende Mueke, the nominee for East African Community (EAC) secretary-general, just two days before her expected swearing-in. Instead, Nairobi said on Monday that it would unveil Veronica … Continued
KAMPALA, (Reuters) – A unit of Djibouti-based Salaam Group launched in Uganda on Wednesday as the country’s first Islamic banking-compliant financial institution, the Ugandan president’s office said. The launch of the Salaam Bank Limited’s operations follows a law legalising Islamic … Continued
Business Bay Square mall (BBS) in Nairobi’s Eastleigh has attracted seven banks in under a year, giving it a revenue boost at a time many malls have been struggling with low occupancy. Absa Bank Kenya mid-last month became the latest … Continued
Kenya is asking for more time to seal loopholes that landed it in the Financial Action Task Force’s (FATF) ‘grey list’ last month, even as it promises a “swift exit” ahead of a review in April. Prime Cabinet Secretary Musalia … Continued
The World Bank has banned a Swiss boutique advisory firm Africa Enablers GmbH and two of its principals from participating in projects and operations financed by the institution for 10 months over tendering irregularities related to the Somali Core Economic … Continued
Kenya Airways Cargo have recently announced launched new flights between Sharjah and Mogadishu, as demand for their services grow. Flights between Sharjah and Mogadishu through Kenya Airways Cargo began on February 9 and will operate initially on a weekly basis. Then, by April … Continued
More than a dozen bombings in and around Somalia’s capital, Mogadishu, in November and December 2023 revealed a clear pattern — telecommunications company Hormuud Telecom was being targeted. Bombs killed at least three employees and destroyed offices, communications towers and … Continued
The Central Bank of Kenya (CBK) has made stabilising the rate at which the Kenyan shillings exchange with other major currencies one of its top priorities for the first quarter of 2024. The CBK made this known during its first … Continued
On Wednesday, January 31, Somalia, through its Ministry of Transport and Aviation, officially inaugurated a new Maintenance, Repair, and Overhaul (MRO) facility at Aden Adde International Airport (MGQ) in the capital of Mogadishu. This is the first MRO facility to be opened … Continued
Nairobi — Cut rose flowers from Kenya and Ethiopia face more scrutiny in order to access the European Union (EU) market. According to the Fresh Produce Exporters Association of Kenya (FPEAK), local flowers will undergo an increased check of up … Continued
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