Somalia President Hassan Sheikh Mohamud was inaugurated for a four-year term during a ceremony on Monday at the Presidential Palace. https://twitter.com/HassanSMohamud/status/1528704853685542912?s=20&t=-XjqbZB-jhTWbyD5r1mKfQ The 67-year-old Mohamud, former Somalian president from 2012 to 2017, received 214 votes, defeating Mr Mohamed Abudallahi Farmajo who won 110 votes out of 328 MPs who cast their votes. https://twitter.com/M_Farmaajo/status/1528730772852580354?s=20&t=-XjqbZB-jhTWbyD5r1mKfQ Khusoko is now on Telegram. Click here to join our channel and stay updated with the latest East African business news and updates.
Author: Muindi
Muindi
Experience working on communication and marketing departments and in the broadcast industry. Interested in sustainable development and international relations issues.
Housing Finance, a mortgage finance provider, plans to sell the Rehani House building, its headquarters in Nairobi by the end of 2022. Rehani House, a 13-storey high-rise building located at the junction of Kenyatta Avenue and Koinange Street in Nairobi, has been HF’s headquarters for years. “The sale of Rehani House building by December 2022 will ensure compliance with investment in buildings to core capital and would also result in a one-off gain,” says HF in the annual report. In its Q1’2022 Financial Results, HF Group had total loan obligations worth Kshs 5.0 billion. Moreover, HF Group aims at restructuring…
The US remains the largest source of remittances into
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The Kenyan rebrand will be followed by rebrands in Uganda, South Sudan, and Tanzania which is expected to be completed in 2023.
The new Master Guarantee risk-sharing agreement will boost Citi’s supply chain finance volumes in Africa by up to $400 million.