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- SpaceX offers Starlink kit at half price for first-time Kenyan customers
- Mobile Banking Reshaping the Gender Gap in Financial Inclusion
- Unleashing ideas: AIM Congress sets the stage for over 450 dialogue sessions
- Abu Dhabi welcomes over 330 partners for AIM Congress 2024
- Kenyan Farmers Receive $2M Boost from Africa Fertiliser Financing Mechanism
- Brace for High Interest Rates for a Longer Period World Bank Warns Kenya
- Kenya-Ethiopia Trade Relations: Legislators Advocate for Policy Alignment to Boost Ties
- Visualising the state of debt in Africa 2024
Africa
- AfDB asks policymakers to put in place an orderly and predictable way of dealing with Africa’s $824Bn debt pile.
- According to AfDB, Africa’s ballooning external debt reached $824 billion in 2021.
- AfDB president says there is urgent need for increased concessional financing, particularly for low-income countries.
Africa’s immense economic potential is being undermined by non-transparent resource-backed loans that complicate debt resolution and compromise countries’ future growth, African Development Bank (AfDB) President Dr Akinwumi Adesina has said.
Adesina at the Semafor Africa Summit taking place on the sidelines of the International Monetary Fund and World Bank 2024 Spring Meetings, highlighted the challenges posed by Africa’s ballooning external debt, which reached $824 billion in 2021, with countries dedicating 65 per cent of their GDP to servicing these obligations.
He said the continent would pay $74 billion in debt service payments this year alone, a sharp increase from $17 billion in 2010. “I …
- Meg Whitman, US Ambassador to Kenya, highlights key investment opportunities in Kenya, particularly in the creative industry and clean energy.
- She noted that Kenya has the potential to become the Singapore of Africa through vertical business integration, job creation, innovation, and foreign direct investment.
- AmCham Business Summit 2024 seeks to strengthen bilateral trade and investment between the US, Kenya, and East Africa.
The fourth edition of the regional American Chamber of Commerce Kenya (AmCham) Business Summit, has officially kicked off in Nairobi, Kenya, under the theme, ‘Catalyzing The Future of US-East Africa Trade and Investment’.
This year’s forum underscores AmCham Business Summit as the premier platform for strengthening bilateral trade and investment between the United States, Kenya, and East Africa.
Hosted by the American Chamber of Commerce (AmCham), the two-day Summit has brought together delegates from the United States of America, East and Sub-Saharan Africa in efforts to deliberate and …
- UN faults UK-Rwanda asylum treaty citing concerns on potentially harmful impact on global responsibility-sharing, human rights, and refugee protection.
- Spearheaded by Prime Minister Rishi Sunak, the legislation mandates judges to deem Rwanda as a safe third country.
- With deportation flights slated to start in July, the move is sparking weighty debates over the ethical implications of outsourcing asylum responsibilities.
This week’s passage of the “Safety of Rwanda” Bill by the UK Parliament has triggered alarm bells within the United Nations (UN), with two prominent leaders, Filippo Grandi, the UN High Commissioner for Refugees, and Volker Türk, the UN High Commissioner for Human Rights, raising concerns over its potentially harmful impact on global responsibility-sharing, human rights, and refugee protection.
Spearheaded by Prime Minister Rishi Sunak, the legislation mandates judges to deem Rwanda as a safe third country, paving the way for the deportation of thousands of migrants who have sought refuge …
Cryptofund is part of UNICEF’s innovation fund, which allows the organization to hold, receive and disburse funds in cryptocurrency. The CryptoFund is a pooled fund of bitcoin and ether, distributed only in crypto, targeting to create visibility and transparency accounting to donation distribution and investment processes.
CyrptoFund will facilitate startups registered in UNICEF’s 190 programme countries as a prototype Fund that seeks to explore the use of digital currencies in these countries. Forty-one of the nations are African.
Startups registered in the 190 countries and have an operational, open-source blockchain prototype or are willing to make their startup open source are eligible to get the fund.…
While Russia’s preferred visions and modes of action in the Maghreb seem to be fairly well identified, the perceptions and expectations, but also the possible reservations on the Maghreb are more rarely expressed by the leaders of these countries and little-studied at the academic level.
Perhaps we should look at this, as far as the powers that be are concerned, a concern for discretion regarding the sensitive aspects of this foreign policy component – this is particularly true for Algeria – an area on which they generally communicate little and for the academic research community in North Africa, a lack of knowledge related to the history, geography and culture of contemporary Russia.
If there is undoubtedly, on the Maghreb side and with important nuances from one country to another, a manifest interest in a development or a deepening of the partnership with Moscow, questions may remain about Russia’s objectives, especially …
- Smartphones are now the primary gadget where most people are playing video games
- 95 per cent of the playing population are mobile gamers
- The global crypto gaming industry was valued at US$321 million in 2020.
- The number of gamers in Sub-Saharan Africa rose from 77 million in 2015 to 186 million in 2021
For the longest time, most African parents have viewed video gaming as a waste of time and resources. As a result, African gamers mainly played on consoles and computers in gaming joints and cyber cafes.
However, in the last five years, the video game market has lucratively shifted as many Africans enjoy the games and even have gaming consoles on their computers at home. The Coronavirus pandemic kept many people locked indoors, and gaming became one of the most preferred activities to kill boredom during the lockdown.
The video game market has also localised the content to …
- Tropical storm Ana in January 2022 affected 180,869 people, injured 207 people, killed at least 38 people and flooded a total of 70,982 hectares of land.
- In two weeks, Madagascar, the most cyclone exposed country in Africa, experienced both Ana and Batsirai cyclones.
- The strength of Cyclone Batsirai could increase and spread to other countries in the Southern Indian Ocean.
Several cyclones, from Cyclone Ana, Batsirai, Idai, Eloise, Kenneth and Tropical Storm Chalane, have tormented the southern part of the African continent – from South Africa, Mauritius, Madagascar, Mozambique, Malawi and Zimbabwe.
A cyclone is a tropical storm with heavy winds rotating inwards to an area of low pressure. An anticlockwise circulation occurs in the northern hemisphere, while a clockwise circulation happens in the southern hemisphere.
The frequent occurrence of these storms indicates the heightening effects of climate change in the southern region of Africa and the world at large. …
- Traders holding the Cardano token will obtain loans of up to 70 per cent of the ADA tokens they hold.
- The concept of decentralization and blockchain technology can replace traditional financial services such as commercial banks. Cryptocurrencies can also be used as an investment tool, and so can Cardano (ADA).
- The government of Ethiopia and Cardano Development had sealed an agreement to introduce 5 million secondary school students and 700,000 teachers on the Cardano blockchain app.
- The downside of taking loans on Cardano is that the borrowers will have to self-manage the risk of the fluctuating Cardano price.
Cardano (ADA) is proof to take blockchain led by Ethereum co-founder Charles Hoskinson. Charles initial purpose in designing the token Cardano was to create competition for the Ethereum token. Cardano launched on September 29, 2017, after two years of development.
Cardano combines pioneer technologies to provide unparalleled security and sustainability to decentralized …
Even though the EU delegates admitted that; “We recognised, everybody, does, that there is an unbearable vaccination gap that has to be closed … between Africa and Europe,” the diplomats still said no vaccine patent waiver for Africa.
Also, despite scientists warning of the possibility of new Covid variants developing in Africa and the fact that just 5 per cent of Africa has been inoculated, the EU still said no to easing vaccine access to Africa.
The African Union (AU) had expected some sought of EU backing for targeted and time-limited Trips Waiver on vaccines. Trips stand for: Trade-Related Aspects of Intellectual-Property Rights and a waiver would have made it affordable for Africa to produce the vaccines in Africa.…
