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- Youth Unemployment in Kenya: The Role of Vocational Training
- New $900,000 initiative aims to boost sustainable trade in Tanzania
- Organization of the Petroleum Exporting Countries’ (OPEC) pride in its African roots
- AIM Global Foundation pushes for stronger Gulf-Africa trade partnerships
- Investment opportunities in South Sudan’s emerging gold industry
- Family planning drive in Kenya gets 450,000 self-injectable contraceptive doses from UK
- AfDB commits $2 billion to revolutionise clean cooking in Africa, save forests
- The harsh realities of family laws for African women revealed
Africa
- In Africa, a staggering 1.2 billion people lack access to clean cooking facilities.
- Lack of clean cooking facilities is one of the main causes of deforestation in Africa.
- AfDB funding is a major step along the road to saving the lives of 600,000 mainly women and children each year.
The African Development Bank Group (AfDB) has pledged $2 billion over the next decade towards clean cooking initiatives in Africa, marking a huge stride in the effort to save the lives of 600,000 people, predominantly women and children, each year. This commitment aims to address the health hazards associated with traditional cooking methods that rely on charcoal, wood, and biomass, which contribute to severe respiratory illnesses and environmental degradation.
At a summit on Clean Cooking in Africa, held in Paris, AfDB President Dr. Akinwumi Adesina announced that the Bank would allocate 20 per cent of its energy project financing to promoting …
- Across Africa, gender inequality in marriage, divorce, custody, and property rights is perpetuated by sex discrimination embedded in both legal systems and customary laws.
- Discriminatory family laws have profound impacts, increasing the risk of sexual and gender-based violence for women and girls.
- Laws in Cameroon, Nigeria, Senegal, South Sudan, Sudan, and Tanzania still allow child marriage.
Discrimination against women and girls remains widespread in family laws across Africa, according to new research by Equality Now. An analysis of 20 African countries reveals that gender inequality in marriage, divorce, custody, and property rights is perpetuated by sex discrimination embedded in both legal systems and customary laws. Despite some significant legal reforms, progress has been slow, inconsistent, and hindered by setbacks, lack of political will, and weak implementation.
The report, “Gender Inequality in Family Laws in Africa: An Overview of Key Trends in Select Countries,” highlights how overlapping and …
- Kenya’s Green Jobs Potential will be key in preserving the country’s natural heritage and combating the challenges posed by climate change.
- PS Labour and Skills Development Shadrack Mwadime warned that the transition to green economy has far reaching implications for the world of work
- Green jobs are becoming a crucial driver of sustainable development in Kenya,
Stakeholders in the environment conservation sectors are deliberating on ways to unlock Kenya’s potential as a global hub for digital work and green jobs. The government, jointly with Jacob’s Ladder Africa, International Labour Organisation, United Nations Environment Programme and United Nations Children’s Fund, are in talks in Nairobi to align government priorities with the demands of the green job market.
Kenya National Green Jobs and Skills Development Workshop, brings together stakeholders from government, academia, private sector, finance, and youth-led groups to address the critical need for green jobs and skills development in …
After facing unprecedented changes in the wake of the COVID-19 pandemic, Small and Medium Enterprise (SME) confidence in Sub-Saharan Africa is on the rise, according to the latest research by Mastercard.
The inaugural Middle East and Africa (MEA) SME Confidence Index found 74 percent of SMEs in Sub-Saharan Africa are optimistic about the next 12 months. In fact, 68 percent of SMEs in Sub-Saharan Africa are projecting revenues that will either grow or hold steady. Almost half at 48 percent are projecting an increase.
Upskilling, training, development support and access to credit for future growth
As many regional economies gradually enter the normalization and growth phase, and social restrictions continue to ease, small and medium sized businesses in Sub-Saharan Africa have identified upskilling staff for the future (73%), access to training and development support (69%), and easier access to credit (69%), as the top three drivers for growth.
Among all …
The East African Community has tabled before the East African Legislative Assembly the budget estimates for the 2021/2022 Financial Year totaling US$91,784,296.
The Chairperson of the Council of Ministers and Kenya’s Minister for EAC, Adan Mohamed, in the Budget Speech read on his behalf by Chief Administrative Secretary, Ken Obura, said that the 2021/2022 budget was coming at a time the COVID-19 pandemic had ravaged economies through lockdowns and economic shutdowns that had affected economic performance in the entire region negatively.
The 2021/2022 Budget is themed Economic Recovery through Industrialization and Inclusive Growth.
On priorities for the 2021/2022 FY, Mohamed said that the EAC would focus on 10 priority areas.
These are private sector development, peace and security, health/covid-19 response and trade development.
Others are infrastructure development, EAC digitalization agenda, agriculture, nutrition, biodiversity, environment and circular economy AMONG OTHERS.
Here is how the monies were allocated for EAC Organs and …
Kenya’s national carrier Kenya Airways PLC has announce the resumption of flights to Heathrow, London from Nairobi’s Jomo Kenyatta International Airport (JKIA) after a three-month break.
The direct flights, which begun on 26th of June 2021, follows the lifting of the suspension of flights to from the United Kingdom by the Government of Kenya.
The ban was effected on April 9, in retaliation of a similar move by the UK, when they placed Kenya in a list of its prohibited destination.
According to the airline, flights from London will include a one-stop connection through Nairobi to the rest of Kenya and Africa’s key destinations.
Commenting on the development, the airline’s Chief Commercial and Customer Officer Julius Thairu said the the resumption of flights to London, United Kingdom is in line with KQ’s plans to grow and expand their routes even as restrictions related to COVID-19 lift.
“The move will positively …
Kenya’s Capital Markets Authority (CMA) has issued the first set of licenses to five coffee brokers in line with the Capital Markets (Coffee Exchange) Regulations, 2020.
In a statement, the Authority says the licenses will allow the brokers to carry out the role of coffee brokerage services at the Nairobi Coffee Exchange (NCE) with effect from 1 July 2021.
Meru County Coffee Marketing Agency Limited has been granted a full coffee broker licence, while others, which include Kipkelion Brokerage Company Limited, and Murang’a County Coffee Dealers Company have been granted conditional licences.
According to the Authority, they are expected to come into full compliance with the requirements of the Coffee Exchange Regulations within the next three months.
“The Authority is mandated to regulate the spot commodity markets in Kenya and in particular, the coffee commodity market according to Section 11(3) of the Capital Markets Act,” CMA said in a statement.…
Nairobi-based real estate developer Fusion Capital Limited has raised over US$8 million towards the completion of Greenwood City Mall, in Meru County in Kenya.
The company, which doubles up as a private equity firm, had previously structured the financing of the mall as a Development Real Estate Investment Trust (D-Reit) which achieved a 38 percent subscription against the set threshold of 50 percent subscription, but the Shareholders of Meru Greenwood Park dropped the DREIT in favor of private funding for the development.
According to the firm, the construction of the mall has now fully been funded privately by investors from the United Kingdom and Finland to a tune of USD. 8 Million of new cash as well as local land partners.
Fusion Group’s Chief Executive, Daniel Kamau said, “We have a first-mover advantage in Meru and hence the decision to proceed with the circa 12,000 sqm shopping mall which we …
The shareholders of Equity Group Holdings Plc have passed resolutions that will reinforce the governance structures of the Group, continue to diversify the Board composition, and also assure investors of dividend pay-out every year as long as the Company posts profits.
In a statement, the Group says shareholders voted for the Amendment of Articles 1 and 79 of the Articles of Association of the Company thereby reinforcing its governance structure and signaling the growing significance of Equity Group Foundation as the social impact investment arm and custodian of the purpose of the Group.
Speaking after the AGM, the Group Board Chairman Equity Group Holdings Plc (EGH Plc), Professor Isaac Macharia said the move will further strengthen the structures to ensure the Board is reinforced through diversified representation for effective oversight.
“In so doing, the shareholders have passed a resolution enabling shareholders with more than 12.5 percent shareholding to participate directly …
