Friday, December 4, 2020

Virus Resurgence Sees World Central Bankers Stick to Gloomy Tone

Global central bankers are under no illusion that they’re through the fallout from the coronavirus, issuing fresh warnings about new government restrictions, struggling recoveries...

Somalia Grants Turkish Albayrak Another 14-yr Infrastructure Management Concession

Turkish ports operator Albayrak and the federal government of Somalia have signed an agreement that grants the company a new 14-year concession to manage...

Africa Needs US$1 Trillion to Recover from Covid19 Losses

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Africa has not been too badly hit in health terms, but the economy has suffered The economic damage as well as the health costs caused...

EAC Officially Endorses Amina to Lead WTO

The East African Community (EAC) has officially endorsed the candidature of Kenya's Amina Mohamed in the race to head the World Trade Organisation (WTO)....

Swiss city Geneva to introduce a minimum wage of over $4,000 a month

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The Swiss city of Geneva is to introduce a minimum wage of 23 Swiss francs ($25) an hour, equal to roughly 3,772 Swiss francs...

Somaliland: Maico Partners with Dahabshiil to Leverage Global Money Transfers

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Maico Money Transfer Chief Executive Innocent Higiro (left) and Mustafe Sheikh Adan Amin, the Managing Director of Dahabshiil in Rwanda, hold signage during the...

Does Somalia Have a National Currency?

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The absence of policy-making on the shilling reform, and the continuing failure to recognize its importance, is illustrative of the wider failure of thinking...

Somaliland: Waddani Derides Government Agreement with Trafigura

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Waddani political party castigated the government of Somaliland for sneaking in an internationally tarnished commodities and oil trading company without adequately explaining why there...

Concealed Records Reveal Years of Trump Tax Evasion, Chronic Losses

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The Times obtained Donald Trump’s tax information extending over more than two decades, revealing struggling properties, vast write-offs, an audit battle and hundreds of...

The US Cancels US$1 Billion Debt Somalia Owed It

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In a bilateral agreement the United States government signed with federal Somalia, Sunday, the US waived US$ 1 billion debt the latter owed it. The...