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BusinessLosses on Pizza House: 3 dead and over US$165,000 of property destruction
Days after a deadly bomb attack at Pizza House claimed at least 29 lives and injured about 30 others, the youth who put together their savings to start the eatery count losses which run into...
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BusinessEU fines Facebook 110 million euros over WhatsApp deal
FILE PHOTO: An illustration picture shows the log-on screen for the Website Facebook on an Ipad, in Bordeaux, Southwestern France on January 30, 2013. REUTERS/Regis Duvignau/File Phot By Reuters European Union antitrust regulators fined Facebook...
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BusinessVodacom agrees $2.6 bln Safaricom deal to tap Kenyan market
Pedestrians walk past a mobile phone care centre operated by Kenyan’s telecom operator Safaricom in the central business district of Kenya’s capital Nairobi, May 11, 2016. REUTERS/Thomas Mukoya South Africa’s Vodacom said on Monday it...
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BusinessProsecutor general accuses PM of violating law in management of public finance
Prime Minister Hassan Khaire addressing parliament ahead of his endorsement February. The prosecutor general has chastised the PM for what he termed as violation of the law in management of the budget. File Photo: Goobjoog...
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BusinessIllicit capital flows in developing world as high as $3.5 trillion in 2014-study
Illicit capital flows into and out of developing economies ranged from $2 trillion to $3.5 trillion in 2014. Credit: IPS By Reuters Illicit capital flows into and out of developing economies ranged from $2 trillion...
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BusinessSomalia to propose 2 year debt relief process in London conference
President Mohamed Farmaajo following proceedings during the IGAD Summit in Nairobi in February 2017. President Farmaajo will be pushing for acceleration of debt relief process for his country which includes increased direct donor financing to...
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BusinessFGC to Government: Determine fate of fake notes holders before new currency
A crowd carry old notes during a demonstration against record-high inflation on May 5, 2008 in the country’s capital, Mogadishu. File Photo: MUSTAFA ABDI/AFP/Getty Images) THE FEDERAL GOVERNMENT and the Central Bank must develop effective...
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BusinessUse London conference to boost direct donor financing, FGC advises government
A section of the port of Mogadishu is seen in this picture. The FGC has advised the government to source for increased direct donor financing to support among others infrastructure development. File Photo: Albayrak Handout...
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BusinessAbu Dhabu fund announces $89m infrastructure support for Somalia
A section of the road heading to Aden Adde Airport in Mogadishu. The Abu Dhabi fund said the $89m donation will bolster infrastructure development in the country. File Photo: Goobjoog News Abu Dhabi Fund for...
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BusinessFacebook shareholders propose reports on ‘fake news’, pay equality
People are silhouetted as they pose with mobile devices in front of a screen projected with a Facebook logo, in this picture illustration taken in Zenica October 29, 2014. REUTERS/Dado Ruvic Shareholders have proposed that...