Business

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...

By Hilary Heuler NAIROBI—Aid groups say remittances from abroad are key to food security in Somalia, and that an American bank’s recent decision to bar...

Qatar airways is expected to start direct flights to Somalia as Qatar airways influence grows in the region. The move came after bilateral talks...

The new Africa story with growth, investment and expanding opportunities was seriously shaken by recent developments. After successful demonstrations of the new narrative were reaffirmed in many forums, including the EU-Africa Summit and President Obama Africa Leaders Summit, alarming predictions around Ebola economic impact in the continent’s performance started a negative news cycle that spread fast. International recessive global demand, commodities price slump, high volatility in the oil and gas market and bad news from a variety of conflicts set a tone. Gains of the past decade and a half are so fragile that many signalled they are actually reversible. Is it true that “Africa Rising” proclamations may not allow us to surf on the wave for much longer? The world is slowing down. Africa, fortunately, is not. Economic stagnation in Europe and Japan has seen the introduction of stimulus packages that dwarf Africa’s...

Li Keqiang lowers 2015 economic growth target to seven percent as annual National People's Congress begins in Beijing. Premier Li Keqiang has lowered China's 2015 economic...