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 Post subject: good amount of
PostPosted: Sat Jul 28, 2018 3:36 pm 

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MANDERA, Kenya, Sept. 1 (Xinhua) -- Kenyan authorities said on Thursday that the forthcoming elections slated for neighboring Somalia in September and October will help enhance security in the region.

Mandera County Commissioner Fredrick Shisia said that after the elections, the new government will put in place new administrative and military units that will allow for structured collaboration between Kenya and Somalia's Jubaland.

Shisia said the lack of proper structures had given Al-Shabaab militia group a field day to carry out and execute attacks on both sides.

"Initially the structures were very weak and Al-Shabaab took advantage to carry out attacks at will. But it will not be easy with a stable government," the county commissioner said by telephone.

He also said the new restored security from Jubaland will promote business between the two governments.

The presidential election will be held on Oct. 30 while parliamentary will be held in September.

The current president Hassan Sheikh Mohamed is expected to defend his seat against a host of other candidates who have shown interest in the same seat.

KAMPALA, Oct. 18 (Xinhua) -- Uganda is set to send its national cricket team to the United Arab Emirates (UAE) for buildup games ahead of the 2017 World Cup T20 qualifiers, a top official said on Monday.

Justine Ligyalingi, Chief Executive Officer of the Uganda Cricket Association, told Xinhua that Uganda will use the UAE International T20 Cricket Cup tournament as a buildup to the qualifiers.

He said Uganda is among the teams the Emirates Cricket Board invited for the games, scheduled to run from Dec. 12-21.

He said players have already been invited to start preparations for the tournament.

Other teams that will take part in the invitational tournament include Kenya, Kuwait, Malaysia, Oman, Qatar, Zimbabwe and hosts UAE.

CAIRO, Oct. 7 (Xinhua) -- The International Monetary Fund's initial loan payment to Egypt is expected to be around 2.5 billion U.S. dollars, state-run Ahram newspaper reported on its website on Friday.

"I hope to secure board approval for the program after it is reviewed by the IMF executive council by the end of current month," Ahram quoted Masood Ahmed, director of IMF's Middle East Department as saying.

Egypt will receive the initial loan payment two days after the approval, Ahmed added.

Egypt reached an initial deal with the IMF on a 12 billion U.S. dollars loan in August, a move seen by many experts as a necessary step to help the country's ailing economy.

"The loan program would contain conditions that include reducing Egypt's budget deficit and making its currency exchange rate system more market-driven," the IMF's senior official added.

Ahmed added the IMF has finished talks with some countries to provide about five to six billion dollars needed for the program in the first year.

He also hailed the Egyptian economic reform steps to liberate the exchange rate.

The foreign currency reserves at the Central Bank of Egypt declined since the 2011 uprising that toppled former president Hosni Mubarak from 36 billion U.S. dollars to 19.59 billion as of end of September.

Egyptian media reported on Friday speculations about an imminent devaluation of the Egyptian pound as part of the economic reform required by the IMF in exchange of the loan.

The official exchange rate for the U.S. dollar is 8.8 Egyptian pounds, but it was close to 14 pounds at the local black market this week, according to some traders. Enditem

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 Post subject: Re: good amount of
PostPosted: Fri Oct 12, 2018 5:22 pm 

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Posts: 48
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