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Business - Page 54

Somalia Ends UAE Deals Over Sovereignty Concerns

Somalia has taken a decisive step in its foreign relations by cancelling all agreements previously signed with the United Arab Emirates, saying the Gulf state’s recent actions threaten the country’s sovereignty and national unity. The announcement marks a new chapter in the

January 14, 2026

Business·World

Shell to exit Nigeria’s troubled onshore oil after nearly a century

Shell is set to conclude nearly a century of operations in Nigerian onshore oil and gas after agreeing to sell its subsidiary there to a consortium of five mostly local companies for up to $2.4 billion. The British energy giant pioneered Nigeria’s

January 18, 2024

Business·World

Kenya lost 4.2bn shillings to Telegram shutdown in 2023

Telegram, a widely used social media platform in Kenya, faced an unexplained disruption coinciding with the country’s college entrance examinations. Speculations arose regarding the motive behind the outage, with some suggesting a connection to preventing examination malpractice, given that the app remained

January 17, 2024

Business·World

Niger Prime-Minister in Moscow to deepen military and economic ties

Niger’s Prime Minister Ali Mahaman Lamine Zeine is in Russia’s capital Moscow for talks aimed at deepening economic and military ties between the two countries. He is accompanied by Defence Minister Salihou Mody as well as Niger’s ministers of petroleum and trade.

January 16, 2024

Business·World

Nigeria’s inflation jumps to 27-year high

Inflation in Nigeria has risen to its highest rate in more than 27 years. The National Bureau of Statistics said the rate that prices were increasing over the year was up for the 12th straight month. On average, the price of goods

January 16, 2024

Business·Tanzania·Travel

Tanzania, Kenya resolve air travel restrictions dispute

Tanzania and Kenya have reached an agreement that the recently imposed restrictions on air travel should not stand. According to Tanzania’s Minister of Foreign Affairs and East African Cooperation, January Makamba’s post on X (formerly Twitter), the two East African economic powerhouses

January 16, 2024

Business·Tanzania·Travel

Tanzania Revokes approval of KQ’s operations from Nairobi-Dar Es Salaam

Tanzania hits back at Kenya by blocking Kenya Airways passenger flights from operating the Nairobi-Dar Es Salaam Route. ‘ The Tanzania Civil Aviation Authority (TCAA) has announced the suspension of all kenya Airways (KQ) Passenger flight between Nairobi and Dar Es Salaam

January 15, 2024

Business·World

Security forces arrest Hormuud Telecom staff members over data privacy dispute

Somalia’s National Intelligence and Security Agency (NISA) arrested three members of Hormuud Telecom’s center at Tree-piano in Mogadishu on Sunday after the telecom company refused to provide financial activity information about its customers to the National Intelligence Agency. Hormuud Telecom, the leading

January 15, 2024

Business·World

Guards ordered to stay unarmed as Uganda hosts summit

Private security guards in Uganda have been banned from carrying firearms until after the end of a key international summit starting in the capital, Kampala. Over 4,000 delegates, including UN Secretary General Antonio Guterres and heads of state and government, will be

January 15, 2024

Business·Tanzania

Kitila highlights what Tanzanians expect from ‘Vision 2050’ team

The Minister of State, President’s Office (Planning and Investment) Professor Kitila Mkumbo has unveiled what is expected from the members of ‘Tanzania National Development Vision 2050’ (TNDV-2050) team, tasked to come-up with the best working ideas for the document by July next

January 15, 2024

Business·Tanzania

Couples with marriage certificates do not need to register with Rita

The Registration Insolvency and Trusteeship Agency (Rita) yesterday described as false and erroneous reports circulating in media and social media platforms that married couples need to register their marriages with Rita. Quoting the Marriage Law, sections 30, 43 and 46, Rita Chief

January 15, 2024

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