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  • Legal ruling favors Kenya Ports Authority (KPA) and Kenya Revenue Authority (KRA), allowing clearance of Sh145 million consignment despite ownership objections.
  • Dispute centered on transfer of property and risk to Dooba Enterprises Ltd, with objecting companies claiming previous ownership based on contractual agreements.
  • Case highlights importance of clear contractual agreements, documentation, and effective dispute resolution mechanisms in international trade.

An array of goods valued at $1 million (KSh145 million) is set to be cleared from the Mombasa port after a legal battle between five companies and two key entities, the Kenya Ports Authority (KPA) and Kenya Revenue Authority (KRA). The consignment, held in four containers, faced opposition from the companies, including Ningbo Ningshing Trading Group Inc., Top Anchor Industries, Ningbo Jiaje Water-Meter Manufacture Co. Ltd Inc., Ningbo Texilong Pipe Industry Co. Ltd, and Quanzhou Datouyi Technology Co. Ltd.

However, Mombasa High Court judge Kizito Magare ruled in favor of KPA

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  • Africa Fertiliser Financing Mechanism will avail 8000 tons of fertiliser.
  • 5.533 million Kenyan farmers are registered for the government’s subsidised fertiliser programme.
  • African Development Bank granted Kenya $67 million in 2022-2023 through its African Emergency Food Production Facility.

The Africa Fertiliser Financing Mechanism has launched a project to help deliver 8,000 tons of fertilisers to 100,000 smallholder farmers in Kenya to boost harvests and incomes.

Through its Fertiliser Financing for Sustainable Agriculture Management Project, the Mechanism will provide a $2 million partial trade credit guarantee and a grant of $219,000 to Apollo Agriculture Limited, a Kenyan corporation, to facilitate the company’s fertiliser sales.

The Norwegian Agency for Development Cooperation, through a contribution of $10.15 million to the Africa Fertiliser Financing Mechanism, is also supporting the project.

Representatives of the African Development Bank, which manages the Mechanism, Apollo Agriculture and the Kenyan and Norwegian governments attended the launch event in Nairobi.…

  • Over 300 startups are converging in Abu Dhabi between May 7th and 9th for three days of innovation, collaboration, and transformative dialogue.
  • Key topics on the agenda include the rise of startups in biotechnology, the integration of technology into enterprises for financial resilience, and customer acquisition and retention.
  • Seven high-level roundtable meetings are slated to help startup entrepreneurs learn from experts about the latest global investment issues.

AIM Congress, now on its 13th edition, is gearing up to host over 300 startups from diverse fields of innovation and industries, marking a huge milestone for the global showcase in the United Arab Emirates (UAE).

Set to unfold from May 7th to 9th, 2024, at the Abu Dhabi National Exhibition Centre (ADNEC), the event promises a platform for innovative solutions, investment opportunities, strategic partnerships, and knowledge sharing among policymakers and entrepreneurs worldwide. ADNEC, which offers a total area of 153,678 square metres …

  • Kigali-based Future Light Football Academy offers more than just a chance to excel in sports; it provides youth with a lifeline away from the dangers of life on the street and back to school and family life.
  • To further drive their reach, impact, and sustainable growth in Rwanda, the sports academy is seeking partners from sports clubs to corporate organizations.
  • Founded by Bram Vlaanderen, a Dutch lawyer based in Dubai with a big heart for Rwanda, and Eric Iracyadukunda, a Rwandese professional football player, the academy has the potential to turn into a center of excellence for youth development.

In the city of Kigali, Rwanda, amidst the towering skyscrapers and bustling streets, lies a beacon of hope and opportunity for the youth. Future Light Football Academy, a burgeoning center of sports excellence, stands as a testament to the power of dreams and determination.

Founded by Bram Vlaanderen, a Dutch …

  • The United Nations declared the years 2021 to 2030 as the “Decade of Healthy Ageing”.
  • With increased longevity in Africa, it is imperative to focus on research, policy and infrastructure development to properly support ageing population.
  • A greater effort is required to implement the AU Policy on Ageing and the Protocol on Human Rights for Older Persons in the contexts of (South) Africa.

While Africa is a continent with a rapidly growing population of young people, it is crucial for the region to pay attention to the global agenda on ageing.

The United Nations declared the years 2021 to 2030 as the “Decade of Healthy Ageing”. This global collaboration, aligned with the last 10 years of the Sustainable Development Goals, seeks to improve the lives of older people, their families and the communities in which they live.

“With increased longevity in Africa, it is imperative to focus on research, policy …

  • d.light and Chapel Hill Denham have closed $7.4 million in securitized financing to fund off-grid solar expansion in Nigeria
  • The financing by Chapel Hill Denham’s Nigeria Infrastructure Debt Fund aims to scale up d.light’s low-cost pay-go offering of affordable, solar-powered products targeted at low-income households.
  • This transaction signifies a pivotal stride in sustainable infrastructure investment in Nigeria, says Bolaji Balogun, CEO of Chapel Hill Denham.

d.light, a global provider of household products and affordable finance for low-income households, and Chapel Hill Denham, Nigeria-based alternatives asset manager, have sac à dos eastpak jordan proto max 720 yeezy boost 350 v2 hyperspace yeezy shoes under 1000 inflatable kayak sit top kayak custom kings jersey nike air max 90 futura sac à dos eastpak deuce vaughn jersey nike air max 90 futura 8 ft kayak kansas city chiefs crocs nike air jordan 1 elevate low kansas city chiefs crocs announced closing a …

  • Official data shows that diaspora remittances to Kenya increased to $412.4 million in January 2024, compared to $372.6 million in December 2023.
  • This represents an 18% jump compared to similar month in 2022 as well as 10.7% month-on-month increase in inflows.
  • The cumulative inflows for the 12 months to January 2024 totalled $4.3 billion compared to $4 billion in the same period in 2023, an increase of 5.3 per cent.

Kenyans in the diaspora sent home more money in January compared to December, as the strong start of the year signals easing inflationary pressures, mainly in key sourcejock strap brock bowers jersey jordan max aura 4 nike air jordan 1 elevate low oregon football jerseys black friday wig sale best human hair wigs for black females latex hood custom stitched nfl jersey sit top kayak nike air max 90 futura jock strap jock strap air max 270 women alpinestars

  • Developers targeting Kenya’s wealthy are now pricing the units in foreign currencies such as the US dollar.
  • The continued upward trend in prime residential rents can be partly attributed to the appreciation of the dollar against the Kenyan shilling.
  • Real estate investors are mitigating the emerging risks by deploying their capital in projects that have dollar-denominated returns where possible and in green-rated building.

High-end real estate developers targeting Kenya’s wealthy are now pricing the units in foreign currencies such as the US dollar to cushion them from losses that the devaluation of the Kenyan shilling may occasion.

New revelations contained in a report by property tracker and real estate management firm Knight Frank show that the trend gained traction in the second half of 2023 as foreigners residing and working in Kenya continued playing a pivotal role in driving the country’s upscale real estate market.

Despite economic headwinds, the prime …

  • Africa is experiencing a transformative era characterized by robust economic development, technological advancement, and a burgeoning creative industry.
  • Many African countries are now experiencing rapid economic expansion, driven by a combination of factors including improved governance, increased foreign direct investment, and a growing middle class.
  • Rapid adoption of mobile technology has transformed the continent, providing unprecedented access to financial services through mobile money platforms like M-Pesa, improving healthcare delivery, and enhancing agricultural productivity.

Africa is increasingly becoming a beacon of growth and potential in the global landscape. Amidst its rich cultural heritage and natural resources, the continent is experiencing a transformative era characterized by robust economic development, technological advancement, and a burgeoning creative industry.

This blog post delves into the multifaceted aspects of Africa’s growth trajectory, highlighting the significant progress and potential within its economies, technological innovation, and notably, the sports and entertainment sectors.

Economic Resilience and Development

Africa’s economic

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