Wednesday, July 18, 2018

Oil prices drop on possible Iran deal, dollar

Oil prices fell on Monday as officials from Iran and six world powers discussed a possible deal over Tehran's nuclear programme that could bring...

Somali entrepreneur to launch scheme to ease cash transfer fears

A Somali businessman is betting on a biometric fingerprint system to keep alive vital money transfer firms which face closure after Western banks cut...

Apple Plans China IPhone Trade-In Program With Foxconn

Apple Inc. plans to introduce a trade-in program for iPhones in China, people familiar with the effort said, after a similar program bolstered sales...

10 Power Women Shaping Africa’s Private Equity Market

With 200-plus private equity firms targeting the African market, you will be forgiven to believe that women are well represented in the sector. But only...

Low-income workers send 75% of remittances

Many workers Musa in the UAE who earn small but manage to save big M. Kaliyul Rahman is a waiter at an Indian restaurant in...

Chinese restaurant owner in Kenya arrested after ‘No Africans’ uproar

he owner of a Chinese restaurant in Nairobi, Kenya has been arrested following an uproar over its policy of banning African customers at night,...

In Somalia, wire transfers go underground

Four years ago, famine in Somalia took an estimated 260,000 lives. It would have been worse without a key source of financial support: money...

This Chinese restaurant in Kenya is open for dinner, as long as you’re not...

According to local media reports, a Chinese restaurant in the Kenyan capital Nairobi has adopted a rather unsavory practice. After 5 p.m., most African patrons...

Russia’s economic decline is being felt heavily in Tajikistan

Tajikistan’s economy faces mounting troubles. The impoverished country has long been the most remittance-addicted in the world, with cash transfers from migrant laborers totaling...

Driverless Car to Begin Cross-Country Trip Sunday

A self-driving car is set to start a road trip across the country Sunday. The 3,500-mile trip from California to New York is the longest...

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Somaliland FM Refutes A Number of Allegations Against His Office, Foreign Aid

Dr. Saad Ali Shire, Minister for Foreign Affairs and International Relations of the Republic of Somaliland, defended his country of a number of acerbic...

Safaricom in ‘advanced talks’ to take M-Pesa to Ethiopia

Kenya’s telco giant Safaricom is in “advanced talks” with the Ethiopian government to introduce its popular M-Pesa mobile money service to neighbouring Ethiopia, a market...

Are Somaliland, Puntland ready for war over land?

Somaliland and Puntland’s dispute over land stretching from the Gulf of Aden to the Ethiopian border risks escalating into open war. The self-declared republic of...