Author: Jack Oduor

• Ransomware Attacks and backdoors are the leading threats Kenyans contend with
• According to the CAK, Kenya experienced 860 million cyberattacks in 2022–2023.
• Check Point Research has also identified ransomware Attacks among the first rising in Africa.

Kenya was the second most attacked country by cybercriminals in the Middle East, Turkey, and Africa region (META), according to new data released by cybersecurity solutions provider Kaspersky.

Only Turkey recorded the highest number of attacks among the 12 countries in the META region. The region comprises Bahrain, Egypt, Kenya, Kuwait, Nigeria, Qatar, South Africa, Saudi Arabia, Turkey, UAE, Oman, and Pakistan.keyvone lee jersey yeezy boost 350 v2 hyperspace sac eastpak custom youth hockey jerseys jock strap custom sublimated hockey jerseys jock strap johnny manziel jersey nike air jordan 1 elevate low brock purdy jersey brock bowers jersey college football jerseys air max 270 women custom youth hockey jerseys custom dallas stars …

• Intra-African Payment Systems is expected to simplify trade among member states on the platform.
• In West Africa Nigeria, Ghana, Guinea, Gambia, Liberia, and Sierra Leone have joined the Intra-African Payment Systems.
• 3 Countries in East Africa, Kenya, Rwanda, and Djibouti are among the early members of Intra-African Payment Systems.

The push for a single trading platform for African countries is gathering pace after tnike air max 90 futura jordan max aura 4 custom maple leafs jersey dallas cowboys slippers mens blundstone uomo yeezy boost 350 v2 hyperspace custom stitched nfl jersey jordan proto max 720 custom kings jersey dallas cowboys slippers mens penn state jersey deuce vaughn jersey air jordan 1 low flyease luvme human hair wigs sac eastpak he Pan African Payment and Settlement System (PAPSS) enrolled the Central Bank of Tunisia (Banque Centrale de Tunisie) as its thirteenth Central Bank member.

The move is seen as a …

• Luxury Tourism in East Africa has been on an upswing following the reopening of air travel.
• Marriott and Radisson Blu are leading the line in Investments in Luxury Tourism in East Africa.
• American hotel brand Marriott International is eyeing over 30 hotel openings  in Africa by the close of 2024

 East Africa has emerged as a magnet for luxury tourists seeking unforgettable experiences, as evidenced by the increasing investments in high-end travel and accommodation in the region.

This region, comprising countries Kenya, Tanzania, Uganda, Rwanda, and castelli gabba decathlon bmx castelli gabba custom maple leafs jersey custom maple leafs jersey adidas yeezy boost 350 turtle dove keyvone lee jersey asu football jersey sac eastpak dallas cowboys slippers mens jordan air force 1 nike air max 90 futura blundstone uomo sit top kayak fsu football jersey others, has witnessed a surge in high-end tourism from global hotel chains pumping investments in …

• The Malnutrition Crisis in Africa has seen 63 million children stunted, 10 million overweight, and three million wasted.
• Dr. Akinwumi Adesina said poor nutrition keeps school-age children from realising their educational potential.
• Ministers, development partners and other speakers reviewed the progress toward achieving nutrition targets.

Malnutrition crisis in Africa

Leaders convening for the African Union and African Leaders for Nutrition Champion have revealed that Africa’s children are paying a considerable price as the continent finds itself in a malnubrock bowers jersey college football jerseys jordan proto max 720 custom stitched nfl jersey best human hair wigs for black females castelli gabba 8 ft kayak fsu football jersey borsa prima classe custom nfl football jerseys air jordan 1 element keyvone lee jersey sit top kayak best human hair wigs for black females brock purdy jersey trition crisis among kids. An event held on the sidelines of the 37th Ordinary Session …

• The AU Summit 2024 is taking place in Addis Ababa, Ethiopia.
• The AU Summit 2024 has brought together the Committee of Ten Heads of State and Government.
• Marking a historic first, the year dedicated to Education follows its endorsement at the 36th Ordinary Session of the Assembly of AU Heads of States.

Finance and economic experts from Africa have called on African leaders at the AU Summit 2024 to match unity speak with actions and step up regional integration efforts, as theselatex hood brock bowers jersey adidas yeezy boost 350 turtle dove custom stitched nfl jersey air max 270 women air jordan 1 element air max 270 women jordan proto max 720 borsa prima classe black friday wig sale asu football jersey asu football jersey luvme human hair wigs jock strap custom sublimated hockey jerseys are key to the continent’s agency and success in the push for debt reforms …

• Emuwa brings to Africa Finance Corporation a wealth of experience over three decades.
• He has been a part of AFC’s Board since 2015, previously serving as the Board Risk and Investment Committee Chairman.
• AFC, with its partners, is the biggest investor in renewable energy in Africa

Africa Finance Corporation (AFC), the continent’s leading instrumental infrastructure solutions provider, has appointed Emeka Emuwa as Chairman of its Board of Directors.

Emuwa brings a wealth of experience spread over three decades, leading and transforming banking institutions across Africa.

After completing a 25-year career with Citibank, where he left as the Country Officer and Managing Director of Citibank in Nigeria, he went on to serve as the Group Managing Director and Chief Executive Officer of Union Bank of Nigeria.

In this role, he led the bank’s transformation. He worked successfully with the new shareholders to transform and restore one of …

• Kenya’s Eurobond will positively impact the exchange, inflation, and interest rates.
• Diamond Trust Bank revealed that Kenya’s $1.5 billion Eurobond attracted more than $6 billion in demand.
• Kenya’s $1.5 Billion Eurobond will also be used to offset $2billion Eurobond maturing in June. 

The issuance of Kenya’s $1.5 Billion Eurobond is likely to ease concerns about the debt situation and lift the overall outlook for the country, one of the country’s banking industry players has said.

Diamond Trust Bank revealed that the new $1.5 billion Eurobond, which attracted demand of more than $6 billion, is likely to positively affect the exchange rate, inflation, interest rates, and government spending in the payment of debts and development.

Speaking at DTB’s Economic and Sustainability Forum, the bank’s Group CEO and Managing Director Nasim Devji said the recovery will be felt more in the second half of the year, and the economy will grow …

• The performance of African airlines has shown significant improvement.
• In January 2023, African airlines’ Revenue Passenger Kilometers (RPKs) were recorded at 2.06 per cent above the levels of the same month in 2019
• However, Tunisia’s decision to increase tourism tax without industry consultation could impact tourist arrivals.

The year 2024 is promising for Kenya’s National carrier, Kenya Airways and other African airlines as they are set to carry around 98 million passengers due to a steady rebound in air travel demand across the continent. Since November 2023, passenger traffic carried by African airlines has exceeded 2019 levels, signaling hope for the worst hit by the shutdowns in the aviation sector.

According to the data for January 2024 by the African Airlines Association (AFRAA), the performance of African airlines has shown significant improvement, signaling a positive trajectory for the region’s aviation sector.

With the 2023 annual airline performance yet to be …

• AFRODAD and SADC have joined hands to boost Africa’s debt sustainability by cushioning highly indebted countries.
• Between 2004 and 2018, 30 African countries signed natural resource-backed loans worth $66 billion.
• China has emerged as a critical player in debt owed by African States, with an increasing percentage of debt now in resource-backed loans.

Boosting Africa’s debt sustainability

The African Forum and Network on Debt and Development (AFRODAD) has entered into a debt sustainability pact with the Southern African Development Community Parliamentary Forum to cushion governments from debt distress.

The move aimed to bolster financial stability and debt management strategies across Africa, with the continent’s total external debt hitting $1.13 trillion in October last year.

Highly indebted African countries continuously face stark trade-offs between servicing expensive debt, supporting high and growing development needs, and stabilising domestic currencies.

Government debt has risen in at least 40 African countries over the past decade. …