Author: Joseph Kangethe

President Muhammadu Buhari said in an interview with Sun Nigeria that he was discontented with electricity in Nigeria.

The All Electricity Consumers Protection Forum expressed the same discontent with the power sector and pointed the slow progress in the power sector to the Nigerian Electricity Regulatory Commission (NERC).

The forum has advised President Buhari to do away with the power regulator in the country, NERC, and move the responsibilities to the Federal Competition and Consumer Protection Commission (FCCPC).

Airtel Network Kenya, the second biggest telecommunications network, saw shareholder loans from its holding firm, Bharti Airtel Kenya BV, rise by 12.01 per cent from sh46.6 million in 2020 to sh52.2 million in the year ending December 2020.

The causes of the financial losses have been additional lending, forex losses as the shilling depreciate, and postponement in paying interests.
Capitalization interest due to being paid stands at Sh1.34 billion, which has disrupted cash flow in the firm.

Airtel Kenya said that the issued shareholder funds, revenue generated from its operations, and borrowing from external lenders had kept the company afloat.

Backed up by the capital firm YC, Jabu Technologies has raised $3.2 million in seed funding to invest in its B2B e-commerce and retail operations.
Afore Capital spearheads the seed round with Y Combinator, Quiet Capital, FJ Labs, Pareto Capital, Kli Capital, and angel investors.
The chief executive of JABU, David Akinin, founded the company in 2020 to revamp the poor and almost non-existent distribution network and supply chain in Namibia.

The main objective of the bloc is to promote economic interdependence and cooperation among member states to raise the living standards and encourage economic development.

Exportation in Mali is already feeling the pressure of the political instability in the country. Exports reduced from CFA552.39 billion in the first quarter of 2021 to CFA495.87 billion in the second quarter.

Mali lists among the poorest nations in the world. According to the 2021 Index of Economic Freedom, absence of property protection rights and a transparent and honest judicial system, and the higher degree of corruption tolerance makes it impossible to achieve greater economic freedom in the country.

Football fans await the thrill, but what does the competition offer to businesses, football clubs and players, organizers, and the Cameroonian government?

Cameroon has already invested almost US$4 billion in infrastructure. Two new stadia, roads, and modern infrastructure have been built to connect the six stadia that the event will be held. The other four stadia have also been renovated.

The investment has offered short-term employment opportunities to local engineers and labourers, especially the youth, in a country where 40 per cent of the population lives below the poverty line.

The construction of the world’s largest heated crude oil pipeline, a 1443km pipeline, has started in Uganda The government of Uganda and Tanzania’s administration signed an agreement for the development of EACOP in May 2017, and a foundation stone was installed in August of the same year It is estimated to cost approximately $3.5 billion, with equity investors expected to contribute 30% of the cost, while international loans will cover the remaining 70% The onset of 2022 has given life to the commencement of the world’s largest heated crude oil pipeline, with compensation for land acquisition in Uganda already in…

In Africa, South Africa has the biggest Airbnb market, accounting for half the listings in Africa.
In 2021, Airbnb registered 2.9 million hosts, with 100,000 of those coming from Africa. Approximately 14,000 hosts are now joining every month. It has reported 7 million listings and has spread to over 100,000 cities in 220 countries and regions.
South Africa boasts 43,400 listings and an income of above US$95 million; Morocco has 21,000 listings and an income of above US$22 million; Kenya has 5900 listings and a US$3.9 million income.

Kentucky Fried Chicken, alias KFC, has suffered a potato shortage at its outlets in Kenya The company said there had been delays in the delivery of potatoes from its overseas suppliers, forcing the company to put alternative food items on the menu in place of the French fries These sentiments from the CEO on his reluctance to buy local potatoes got Kenyans angry Fast-food restaurant chain Kentucky Fried Chicken, alias KFC, has suffered a potato shortage at its outlets in Kenya. There have been delays in the delivery of potatoes from its overseas suppliers, forcing the company to put alternative…

The question is, what if one day you went to pay for expenses with your card or mobile app and it returned an error message? Or was your service provider that issues your money declared bankrupt? Scary, right?
Recently, customers have been converting their regular traditional money into e-money. Service providers have enabled the transfer of electronic money to banks, from person to person, and for making payments.
For regulators and supervisors that control the protection of consumers’ e-money and digital currencies, coming up with legal bindings and restrictions in the fast-changing sector has become very challenging. These regulators and supervisors must devise ways to protect customers from a possible system failure and ultimately prevent them from losing their funds.

According to the United Nations, water transports approximately 80 per cent of the total international trade volume. The Suez Canal has cemented its importance in the world.

The waterway transports approximately 12 per cent of global trade. 7 per cent of the world’s oil passes through the connection between the Mediterranean Sea and the Red Sea.

The canal began operations in 1869. It has been a source of foreign exchange and national pride for Egypt. It brings about US$6 billion to the country every year. In 2021, 1.27 billion tonnes of cargo were shipped through the canal.