Author: James Wambua

James Wambua is a seasoned business news editor specializing in various industries including energy, economics, and agriculture. With a comprehensive understanding of these industries across Africa, he excels in delivering accurate and insightful news coverage that keeps readers informed about key developments and trends.

Kenyan police headed to Haiti to fight gangs

The deployment is part of a larger mission led by Kenya to restore order in Haiti, where gangs have taken control of most of the capital, Port-au-Prince. Gangs in Haiti have been responsible for widespread killings, kidnappings, and sexual violence. Police officers from Jamaica, the Bahamas, Barbados, Chad, and Bangladesh set to form part of the 2,500-international force. Kenyan police depart for Haiti The first group of Kenyan police officers has departed for Haiti to address the rampant gang violence plaguing the Caribbean nation. The deployment is part of a larger mission led by Kenya to restore order in Haiti,…

Read More
Tanzania Towers

Tanzania has embarked on a plan to set up a 22-storey building in Kenya’s capital, Nairobi, to house its embassy staff. Tanzania Towers in Nairobi is part of a grand plan to set up embassy buildings in Kigali, Kinshasa, London, New York, and Lusaka cities. Once complete, Tanzania projects to earn about $13.75 million (TZS36 billion) per year from real estate investments in foreign capitals. Stung by rising costs of paying rent in foreign capitals for hundreds of chancery staff and the pressing need to shore up foreign currency receipts, authorities in Tanzania have embarked on a plan to set…

Read More
Eastern Africa

The UAE, Saudi Arabia, and Qatar, have poured billions into developing airports, airlines, and seaports across Eastern Africa in the last 10 years. In the latest development, UAE’s Sharjah Chamber of Commerce and Industry is set to build a new international airport just outside Kidepo National Park, in Uganda. These investments are transforming the region into a pivotal stopping ground for global trade, tourism, and travel. The economic ties between the Gulf Cooperation Council (GCC) countries and Eastern Africa have deepened significantly over the past 10 years, driven by strategic investments in key infrastructure. The Gulf nations, notably the United…

Read More
Social media

Young people, particularly Generation Z, have taken to the streets of the capital Nairobi, and other cities demanding rejection of new tax proposals. Critics argue that these measures will disproportionately affect the lower and middle classes of the economy, further straining an already burdened population. President Ruto justifies these measures as necessary steps to alleviate the country’s mounting debt. For Kenya’s President Ruto and his administration, a confluence of failed promises, high cost of living, and hopelessness among the youth is threatening to tear his government as millions of youth mount widespread civil unrest, protesting an increase in taxes in…

Read More
Climate tech

In 2024, startup funding in Africa has evolved with Climate tech, which covers various use cases, surging to account for 45% of funding, an all-time high. In the period under review, climate tech received $325 million. Despite the overall dip in total investments, climate tech’s share of funding has been steadily rising, reflecting its expanding importance in Africa’s startup scene. In the face of increasing economic woes and adverse weather conditions, climate tech startups in Africa are defying the odds, instead, experiencing unprecedented levels of investment. This year, climate tech is emerging as a primary focus for investors, reflecting the…

Read More
Price for Engineering Innovations

Price for engineering innovations was awarded to Esther Kimani from Kenya. A solar-powered tool using AI and machine learning-enabled cameras to swiftly detect and identify agricultural pests and diseases has won Africa’s largest prize for engineering innovation. Her tool reduces crop losses for smallholder farmers by up to 30 per cent while increasing yields by as much as 40 per cent. The Africa Price has supported almost 150 entrepreneurs across 23 African countries, generating over 28,000 jobs and benefitting more than 10 million people through the innovative products and services developed. Price for Engineering Innovations was awarded to Esther Kimani…

Read More
G7 Summit

President William Ruto of Kenya urges for reforms to the global financial system to provide Africa with access to long-term concessional finance and greater decision-making power. He highlights the critical need for investments in Africa’s infrastructure and clean energy projects to drive sustainable development and economic growth. The G7 Summit sought partnerships with African nations, aiming to bridge the continent’s infrastructure gap and support its development goals. At the 50th G7 Summit held in Borgo Egnazia, Italy, President William Ruto of Kenya made a compelling case for the transformation of the global financial system to better serve Africa. Addressing an…

Read More
Kenya's Procurement Regulator

Kenya’s FY2024/25 budget is the largest in the nation’s history at $31.1 billion. It, however, seeks to reduce the budget deficit through contentious tax reforms despite public outcry. The budget also seeks to roll out key banking and state corporation reforms. Kenya’s Treasury Cabinet Secretary, Prof. Njuguna Ndung’u, presented the largest budget in the country’s history for the fiscal year 2024/25, amidst a backdrop of economic challenges and simmering public discontent on punitive tax measures. The proposed budget of Kes4 trillion ($31.1 billion), up from Kes3.75 trillion in the previous year, aims to spur socio-economic transformation while addressing the budget…

Read More
highly potent opioids

Highly potent opioids, nitazenes, a drug up to 100 times more potent than heroin, were found in 83% of drug samples in Sierra Leone and 55% in Guinea-Bissau. This discovery marks a dangerous escalation in the African drug crisis. Nitazenes has been linked to overdose deaths in Western countries and parts of Asia. The persistent menace of drug and substance abuse is set to worsen with new revelations that for the first time, traces of highly potent opioids, known as nitazenes, have been found among hard drug users in Africa. This discovery was made by the Global Initiative Against Transnational…

Read More
Guinness Nigeria

Singaporean firm Tolaram will acquire Diageo’s 58.02% shareholding in Guinness Nigeria PLC. Tolaram has significant and extensive operations and a 50-year presence in Nigeria. Diageo will also remain in the country through its wholly owned international premium spirits business built to serve a wider geographic reach across West Africa, with Nigeria as one of the main operational hubs. In a major shake-up in Africa’s beverage industry, Guinness Nigeria has announced that Tolaram, a Singaporean company, has signed an agreement to acquire UK-based Diageo’s 58.02 per cent shareholding in the company. This acquisition is set to be completed in 2025, subject…

Read More