President William Ruto has sent a contentious finance bill back to parliament for revisions, following nationwide protests that have resulted in at least 23 deaths and numerous injuries. The bill, intended to generate an additional $2.7 billion through tax hikes, has faced significant public opposition. Reports from local media, including Kenya’s Star newspaper and KTN […]
The OPEC Fund for International Development (OFID) has approved $605 million in new financing during its 188th Governing Board meeting, focusing on crucial areas such as global food security, climate action, and infrastructure development. This funding aims to support sustainable growth and enhance resilience in developing nations, aligning with the Sustainable Development Goals (SDGs). Strengthening […]
Tunisia took a significant step forward in its development agenda with the signing of four crucial agreements totaling €137 million with the French Development Agency (AFD). The agreements, inked at the Government Palace in Kasbah, aim to bolster key sectors crucial to Tunisia’s socio-economic advancement. Minister of Economy and Planning, Feryel Ouerghi Sebai, joined by […]
The majority of amendments to the Finance Bill, 2024 have been successfully adopted by the House, following a session led by Deputy Speaker Gladys Shollei. These amendments, introduced by Kuria Kimani, Chairperson of the Finance and Planning Committee, mark a significant step in addressing the public’s concerns and legislative scrutiny. Significant Amendments Passed The session […]
In the quest to secure a spot as a global leader in artificial intelligence, Britain is making significant strides to position itself as the third major AI hub, trailing only behind the U.S. and China. During London Tech Week at the Olympia events venue, tech executives from around the world showcased the U.K.’s potential as […]
Egypt’s food exports to the United States have experienced a notable increase, reaching $67 million in the first quarter of 2024. This marks a 22% rise compared to the $54.9 million recorded in the same period last year, reflecting growing demand for Egyptian food products in the American market, which now represents approximately 4% of […]
USAid has launched the ‘Safe Milk Kenya’ project in partnership with BioFood Products Limited, aiming to improve the quality and safety of Kenya’s dairy products. This initiative is part of USAid’s broader efforts to strengthen agricultural practices and promote economic growth in the region. Robert Kilonzo, USAid’s project management specialist for Kenya and East Africa, […]
India’s digital currency, the e-rupee, has seen a significant drop in usage following an initial peak, reflecting the broader challenges faced by many countries in gaining public support for digital currencies. The Reserve Bank of India (RBI) launched the e-rupee pilot in December 2022, aiming to establish it as a digital alternative to physical cash. […]
The Coalition of Civil Society Organisations has expressed strong support for the Central Bank of Nigeria’s (CBN) proposed recapitalization of commercial banks, viewing it as essential for strengthening the banking sector and attracting foreign investment. Alesta Wilcox Advocates for Recapitalization At a press conference in Ikeja, Lagos, Alesta Wilcox, past chairman of the Institute of […]
President William Ruto has expressed his willingness to engage in dialogue with thousands of young protesters who have demonstrated across Kenya in opposition to proposed tax increases. The protests, primarily led by Generation Z Kenyans, have highlighted growing dissatisfaction with the government’s economic policies. Speaking at a Summit on Peace in Ukraine in Switzerland, Ruto […]
Amazon Web Services (AWS) experienced a massive cloud infrastructure failure on Monday that cascaded across the globe, disrupting thousands of...
South Africa's luxury retail sector is poised for exceptional growth, with projections indicating a remarkable 15% expansion by 2025, positioning...
In a significant development for East Africa's telecommunications landscape, Atlas Tower has secured substantial backing from STOA, a French infrastructure...
n a significant geopolitical and economic development, the United States and Australia have announced a comprehensive critical minerals agreement that...
