Month: March 2020

Born in Maisons-Laffitte, France, in December 1961, Ghislaine Maxwell has a net worth of $ 20 million as of 2021. She was the youngest of nine children born to publisher tycoon and after called conman Robert Maxwell and socialist Elizabeth Maxwell. She spent her childhood in Buckinghamshire in a large house of 53-rooms. Maxwell graduated from the University of Oxford. She has a long list of her siblings, Isabel Maxwell, Christine Maxwell, Kevin Maxwell, and Ian Maxwell. She was the director of the Oxford United Football Club and founded the Kit Cats Club. Together with this, she was a prominent member of the London social scene in the 1980s.

On top of that, her father’s fortune was around $ 1.9 billion. Upon his death, a shocking revelation stunned everyone, creditors would find out that Maxwell’s business empire owed $ 4 billion in debt. After his death, it was revealed that …

The first quarter of 2020 has had mixed results for the economies of East Africa. The weather, a key determinant of inflation rates, has been good. Forex rates have remained stable in the region as a balance between dollar demands and diaspora remittance has been easily reached. Eastern Africa is one of the regions in Africa with the highest growth rate and this has remained so in the first two months of the year, with Ethiopia and Rwanda still in the driver’s seat. In terms of foreign direct investments, Kenya and Ethiopia are still the leading pack, with Kenya receiving investments in ICT and manufacturing while Tanzania is receiving investments in mining. Rwanda is a leading conference destination and Uganda is receiving investments in renewable energy as well as in oil and gas.

Kenya and Rwanda are still leading in developing policies that promote trade and investments, while Ethiopia is …

Africa has seen a sharp rise in mergers and investments over the last decade.  The total deal value of merger and acquisition (M&A) transactions in Africa increased by 32%, rising from US$16 billion in H1 2018, to US$21 billion in H1 2019 according to different wheel dealers in Africa.

The appetite for African share has been born out of an economy that is showing one of the fastest growths in the world. Also, the continent has launched various initiatives to lure foreign direct investment into the continent. These initiatives include the Africa Continental Free Trade Area as well as individual country policies. Rwanda and Ethiopia, for example, have been introducing reforms that have made other partners in the region rethink their positions.

According to UN Conference on Trade and Development (UNCTAD), out of the total $9 billion invested in the region, Ethiopia took the biggest amount while Rwanda showed increased …

Kenya has always been at the center of wildlife conservation due to its world-renowned national parks and an active conservation movement. Drawn by the large economic benefits brought about by tourism, wildlife conservation is however increasingly becoming a strained trade.

Three events happened in the last two months that have cemented Kenya as the center for conservation. First, a project to maintain the legacy of the last white rhino in the world received a boost after the country announced the successful fertilization and creation of new embryos from the original bull.

This research was conducted by Kenya Wildlife Services, OlPajeta Conservancy both based in Kenya, Berlin-based Leibniz Institute for Zoo and Wildlife Research (Leibniz-IZW), Italian institute Avantea, and DvůrKrálové Zoo based in the Czech Republic.

The scientists and conservationists predict to have more embryos ready for eventual breeding and repopulation in the near future. This was a series of cutting-edge …

As African nations’ economies grow, so do individual expenses in basic and often, extra necessities, such as food, clothing, rent, data, and entertainment to say the least.

In this case, there are a lot of benefits attached when people tweak their expenses strategically and hone the art of saving, especially on their consumables spending habits when living in big cities, such as Tanzania’s commercial capital, Dar es Salaam (Africa’s fifth-largest city).

Tanzania is one of the fastest-growing economies in sub-Saharan Africa, and Dar es Salaam (with more than six million people) is one of the 30 cities in the world growing fast, according to National Geographic.

Expatistan, a cost of living database, noted that Dar es Salaam has cheaper costs of living than in 62 per cent of cities in Africa and in 83 per cent of cities around the world.

As we accumulate savings over time, the nagging worries …

In a jammed conference room in a Nairobi hotel in early 2019, a panel of rights activists poked holes at the Kenyan oil exploration and mining activities in Turkana. Blow by blow, the team illustrated how Kenya stands to lose if radical measures are not put into place to ensure the resource benefits the country.

The Kenya Oil and Gas working group called for an audit of the contracts of oil mining to ensure they follow international standards. Charles Wanguhu, a social activist coordinator of the Kenya Civil Society Platform on Oil and Gas, said in international practice, if a company prospects and fails to find oil, it meets its costs.

However, if it finds oil, the country pays for the expenses. Therefore, Wanguhunotes that in the case of Kenya, the need for audit will ensure that the costs which Kenyans will pay for do not include those wells that …

When Nigeria announced its first positive coronavirus infection African countries are now on guard as this has been a wake-up call for nations to strength their surveillance as well as disease containment.

The first case of the coronavirus was confirmed on February 25, via an Italian carrier who works in Nigeria and flew into the nation’s commercial city, Lagos.

According to information from BBC, Nigerian authorities commented that the “patient zero” is who is being treated in a hospital within the city, is stable and with no serious symptoms.

On the larger scale, Egypt and Algeria have also confirmed cases of the virus, while Kenya—whose authorities were debating on flights cancellation to China have given a court order to suspend flights from China, on February 28.

On a global scale, more than 2,800 people have died and more than 83,000 cases of coronavirus have been confirmed in more than 50 …