Thursday, September 28
Pamoja AFCON Bid 2027

The Confederation of African Football (CAF) has selected Kenya, Tanzania, and Uganda to host the 2027 Africa Cup of Nations (AFCON) over bids from Morocco, Algeria, Senegal, Botswana, and Egypt. The East Africa joint bid, commonly called the “Pamoja AFCON Bid,” has won the hosting rights for the 2027 AFCON as Morocco takes the rights for the 2025 showpiece.

CAF president Patrice Motsepe announced the news on Wednesday morning, 27 September, shortly after the body held an executive committee meeting in its headquarters in Cairo, Egypt. Recommendations from several nations boosted the East Africa Pamoja AFCON Bid. In a move that will elate East African sports enthusiasts, the CAF Executive Committee chose the Pamoja Afcon Bid.

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access to electricity

A new commentary from the International Energy Agency (IEA) on the upcoming World Energy Outlook 2023 has revealed that despite improvements, global access to electricity still needs to catch up to the pace required to meet SDG 7. The commentary supports discussions from the recently concluded United Nations’ SDG Summit on 18-19 September 2023. It is also part of the IEA’s support of the first global stocktake of the Paris Agreement, which will be finalized in the run-up to COP28, the next UN Climate Change Conference, at the end of 2023.

Featured

Kenya's debt and economic struggles

The government has no option but to squeeze taxpayers further to raise revenues to meet budgetary obligations as the depreciating shilling worsens Kenya’s debt and economic struggles. This comes as the Kenyan shilling weakens against the US dollar and other major global currencies, pushing up the country’s spending on repayment. Kenya’s shilling has lost about 19 per cent of its value to the dollar year-to-date, exchanging at an average of KSh147.47 on Monday, September 25, 2023.
The weak currency has pushed the country’s public debt repayment bill by at least $4.67 billion (Sh690 billion) in the last eight months. Piling debt comes as the National Treasury went on a borrowing spree to bridge the budget deficit.

Africa Oil and Gas Industry

Despite the worldwide call commanding the global business community to divest from fossil fuels and shrink their carbon footprints in the name of net zero, international oil companies (IOCs) still recognize Africa as their next frontier.

Countries

Pamoja AFCON Bid 2027

The Confederation of African Football (CAF) has selected Kenya, Tanzania, and Uganda to host the 2027 Africa Cup of Nations (AFCON) over bids from Morocco, Algeria, Senegal, Botswana, and Egypt. The East Africa joint bid, commonly called the “Pamoja AFCON Bid,” has won the hosting rights for the 2027 AFCON as Morocco takes the rights for the 2025 showpiece.

CAF president Patrice Motsepe announced the news on Wednesday morning, 27 September, shortly after the body held an executive committee meeting in its headquarters in Cairo, Egypt. Recommendations from several nations boosted the East Africa Pamoja AFCON Bid. In a move that will elate East African sports enthusiasts, the CAF Executive Committee chose the Pamoja Afcon Bid.

Read More

The government has no option but to squeeze taxpayers further to raise revenues to meet budgetary obligations as the depreciating shilling worsens Kenya’s debt and economic struggles. This comes as the Kenyan shilling weakens against the US dollar and other major global currencies, pushing up the country’s spending on repayment. Kenya’s shilling has lost about 19 per cent of its value to the dollar year-to-date, exchanging at an average of KSh147.47 on Monday, September 25, 2023.
The weak currency has pushed the country’s public debt repayment bill by at least $4.67 billion (Sh690 billion) in the last eight months. Piling debt comes as the National Treasury went on a borrowing spree to bridge the budget deficit.

The Vodafone Foundation has set aside $6 million to extend the successful m-mama maternal health initiative to Malawi over the next five years. This expansion aims to enhance maternal and newborn healthcare access in Malawi and the region. Malawi has one of the highest maternal mortality rates in the world. Estimates show that the country currently records 5.7 maternal deaths per 1,000 live births.

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Tech & Innovation

Editor's Picks

Kenya's debt and economic struggles

The government has no option but to squeeze taxpayers further to raise revenues to meet budgetary obligations as the depreciating shilling worsens Kenya’s debt and economic struggles. This comes as the Kenyan shilling weakens against the US dollar and other major global currencies, pushing up the country’s spending on repayment. Kenya’s shilling has lost about 19 per cent of its value to the dollar year-to-date, exchanging at an average of KSh147.47 on Monday, September 25, 2023.
The weak currency has pushed the country’s public debt repayment bill by at least $4.67 billion (Sh690 billion) in the last eight months. Piling debt comes as the National Treasury went on a borrowing spree to bridge the budget deficit.

Industry & trade

Money Deals

Airtel Money

Competition in the remittance space has intensified with the entry of new players as the race for a share of the annual $95.6 billion in cross-border remittances flowing into Africa heats up. Airtel Africa has partnered with MasterCard to unveil a new service for cross-border remittances. Their deal will see customers in Kenya and 14 other African nations become the first beneficiaries of the service.

Airtel Africa and MasterCard will provide a seamless digital experience for consumers, connecting them with millions of peers worldwide. With a mushrooming diaspora community, remittances are now the largest source of forex in many African economies.

Investing

access to electricity

A new commentary from the International Energy Agency (IEA) on the upcoming World Energy Outlook 2023 has revealed that despite improvements, global access to electricity still needs to catch up to the pace required to meet SDG 7. The commentary supports discussions from the recently concluded United Nations’ SDG Summit on 18-19 September 2023. It is also part of the IEA’s support of the first global stocktake of the Paris Agreement, which will be finalized in the run-up to COP28, the next UN Climate Change Conference, at the end of 2023.