Author: The Exchange

The Dubai Chamber of Commerce and Industry has been instrumental in enabling Dubai’s business sector to move forward, despite the global pandemic. As trade, tourism and innovation play an integral role in Dubai’s position as a global hub for commerce and industrialization, it is important to note that the Dubai Chamber of Commerce and Industry has been a vital component in the success of the Emirate. Today, as Dubai has embarked on hosting the World Expo 2020, the leadership is looking at matters associated to sustainability and innovation as key aspects to drive change. 

It is through this vision that the Dubai Chamber of Commerce and Industry is operating. To build bridges with markets that bode mutual benefits and respective comparative advantages to enable greater trade and business opportunities.

Through events such as the Global Business Forum Africa 2021, the Dubai Chamber of Commerce and Industry is building the “Dubai-Africa …

Billed as Africa’s largest financial institution in the mid-2010s, the story of Atlas Mara is as intriguing as the money it was said to control at that time.

Sometime in 2016, the financial institution wanted to buy Barclays Bank’s Africa’s assets, adding to the lustre the company had at the time. Established just three years earlier in 2013, Atlas Mara struggled to establish itself as a major player in Sub-Saharan Africa’s (SSA) financial sector.

The company was founded by the then-proclaimed Ugandan billionaire Ashish Thakkar but four years later, he left the entity after a divorce case which exposed that he used to buff his net worth. In the October 2016 court proceedings in London, Thakkar said he was worth only about US$540,000 claiming that he owned nothing in the Mara Group.

This pronouncement, unbeknown to him, made investors in the firm jittery which led the company on a downward …

Stock Market, the heartbeat of any country’s economy. Whenever the stock market is going up or dive down the country’s economy shows up in countable turmoil in the markets. It is the stock market that gives you an indication of what the future of any country is.

The stock market attracts everyone to itself, some people’s luck reaches the sky and some people fall on the ground. It happens when you invest randomly without knowing the actual status of the market. Proper information about the stock market plays a major role in grabbing the stock at the right time.
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In this blog, we will talk about some of the best stocks to buy in Kenya to put your money in. If you are searching for the best stocks to buy in Kenya, your search will end here.

 Here are the best

Famine and drought are among the two key precursors to the devastating hunger crises that has ravaged many communities across Africa, signifying the scale and severity of food insecurity in the continent. Inarguably the Covid-19 pandemic has aggravated food security in the continent pertinently triggered by the economic fallout that has left no country unscathed. According to a recently released multi-agency report, ‘The State of Food Security and Nutrition in the World’, around a tenth of the global population an estimated 811million people were undernourished in 2020. 

Also Read: FAO says Kenya requires US$87mn to ensure food security

The report, jointly published by the Food and Agriculture Organization (FAO); the International Fund for Agricultural Development (IFAD); the United Nations Children’s Fund (UNICEF); the UN World Food Programme (WFP) and the World Health Organization (WHO); revealed that the sharpest rise in hunger was in Africa, where the estimated prevalence of undernourishment …

As the 2021 International Day of Democracy draws closer it is imperative to assess and review the state of democracy in Africa; to celebrate the achievement of significant milestones hitherto whilst charting new pathways towards the attainment and realization thereof, of liberal democracies in the continent. One of the key aspirations of Africa’s Agenda 2063: The Africa We Want, the African Union’s (AU) shared 50-year development and transformation program, for realizing the full potential of the continent is an Africa of good governance, democracy, respect for human rights, justice and the rule of Law. However, on the brink of an abyss, most democracies in Africa stand, beset by a plethora of challenges which begs the question if the concept of a government of, by, and for the people is truly working for the continent? In reiteration Goal 16 of the United Nations Sustainable Development Goals (SDGs) advocates for the promotion …

One of Africa’s biggest challenges is finding employment for the youngest continental population on earth. As we all know the devil makes work for idle hands and with the unemployed and under-employed youth of Africa making up more than 25% of the population, there are many idle hands. This stresses parents, politicians, policemen and philanthropists and as birth rates grow and life expectancy lengthens we don´t seem to have very many good answers to this problem.  

Also read:Burgeoning Sub-Saharan Africa Youth Population To Revolutionize its Economy Report

Yet a meaningful percentage of Africa’s young population is better educated than it has ever been and has a much better understanding of the global economy, trends, opportunities and technology than at any point in history. This small but significant percentage has been educated to degree level, is hungry for opportunity, fiercely ambitious and does not expect a handout from a Western …

The focus over this period, undoubtedly, is on a number of listed corporates reporting their earnings. Taking a step back, Centum, BAT Kenya and East African Breweries Limited (EABL) started this round of earnings’ campaign with release in July.  

Centum reported financials for the year ending 31st March 2021 a drastic decline in its earnings per share to a loss of KES0.90 per share. The company’s profit after tax improved albeit in the negative territory while operating profits declined 75% y/y to KES 245Mn on a 59% y/y drop in investment income to KES1.5Bn. The company’s comprehensive income declined 10% y/y to KES4.8Bn on account of a 334% y/y rise in unrealized gains from the sale of rental units that are only recognized upon registering and transfer of ownership to the respective buyers.

The bulk of the Group’s KES2.3Bn loss was driven by the full consolidation of the Two …

It is almost inconceivable and rather far-fetched to associate Africa with  nuclear proliferation, yet ahead of the forthcoming International Day against Nuclear Tests observed annually on the 29th of August, it is imperative to not only commemorate the history of the continent’s brush with nuclear tests, whose effects have ironically recently surfaced on a higher magnitude in another continent, but also to formulate feasible strategies for the continent to tap into and harness nuclear power as a viable option to meeting the gaping energy deficits to drive industrialization and economic transformation.  

Africa’s dark colonial past comes calling back with the recent occurrence of massive clouds of radioactive dust making a return on French soil, emanating from the Sahara Desert where nuclear colonial heirlooms buried decades ago continue to be unearthed by the day. The event stirs up a cauldron of repressed haunting memories that best remain buried in history …

An insurance claim is a formal request by a policyholder to an insurance company for coverage or compensation for a covered loss or policy event. The insurance company validates or denies the claim. If it is approved, the insurance company will issue payment to the insured or an approved interested party on behalf of the insured. That’s the definition according to Investopedia. 

According to the Insurance Act Cap 487 of the Laws of Kenya, Section 203 talks about settlement of claims. Subsection (1) talks about the process of claims payment once it is established that the claim is payable and also the time limit within which it should be settled. Section 203 Subsection (1)(d) says that a claim is payable within ninety days of the date of the reporting of the claim or where the determination of liability is by a court, within ninety days of such determination, provided that …

They say third time is a charm, we say 13 is our charm. This year marks exactly 13 years since the founding of Africa 24 Media, on 13 May, 2008. We launched with pomp and flair in the presence of international press and content creators in a Nairobi hotel. The promise was to make sure the narrative of Africa was changed through stories told by Africans. 

That resolve has carried us for a decade, taking us to 45+ African countries, and telling beautiful stories about the changing face of Africa. All the content we have documented has most probably passed your eyes at some point, and if you are totally new to us, yebo.live is the place to familiarize yourself with how great Africa is. On this day, however, I would like to take time and honour the man whose dream and passion has driven us through murky waters …