Sri Lanka has made significant progress in resolving its bankruptcy crisis, reaching preliminary debt restructuring agreements with both official and private creditors. These agreements pave the way for the island nation to revive its stalled IMF loan program and secure much-needed financial assistance. The country’s financial woes, culminating in a sovereign debt default in April…
Two brothers who died in mysterious circumstances two days apart were laid to rest on Saturday at a village in Mwingi West, Kitui County. The sudden death of Dr Solomon Michael Sambu, a medical doctor, and his brother John Kyalo Sambu, a businessman in Nairobi, left the family and residents of Kithayoni village in Nguutani…
The United States Agency for International Development’s (USAID) YouLead project sponsored an innovative social media drama series, focusing on career guidance and skills development for Sri Lankan youth, which secured top awards in the Sri Lanka division of a global marketing effectiveness competition. Effie Sri Lanka, a branch of Effie Worldwide, recognized the 10-part series…
Sri Lanka’s debt restructuring efforts have reached a crucial juncture as negotiations with international creditors intensify. The country’s crippling debt burden, which stands at a staggering 129% of its GDP, has been a major factor in the ongoing economic crisis. In recent weeks, there have been encouraging signs of progress towards a comprehensive debt restructuring…
ANURADHAPURA, Sri Lanka — “He is a king without a crown.” This is how wildlife lovers refer to the majestic elephant Agbo, named after a king from an ancient kingdom of humans overlapping with some areas of Agbo’s home range in north-central Sri Lanka. Agbo is among the largest Sri Lankan tuskers, so there was…
James Finlay Kenya has completed its sale to Sri Lanka-based Browns Investments PLC. In the deal, 15 per cent of the sale value has been reserved for the local community through the Kipsigis Highlands Multipurpose Cooperative Society (KHMCS). The estate will now trade as Browns Plantations Kenya, the first investment by the multinational in the…
Pune (Maharashtra) [India], November 28 (ANI): The joint military exercise between India and Sri Lanka culminated on Tuesday at the Southern Command Foreign Training Node, Aundh in Pune. Joint army drills are a key component of military diplomacy between countries across the world. They have emerged as a crucial tool for building rapport, confidence, and…
Sri Lanka and a group of its creditor nations said on Wednesday they have reached an agreement in principle on debt restructuring, a key step needed for the South Asian nation to emerge from its severe economic crunch. The deal will help Sri Lanka clear the first review of a bailout under the International Monetary…
