Kenyan currency takes a beating as foreign reserves plunge to a year low, breaches EAC law
Kenya is facing an acute foreign exchange crunch, with US dollar reserves dropping to their lowest in eight years as its currency keeps plummeting against major global currencies. According to the Central Bank of Kenya (CBK), the plunge of the Kenyan shilling has been so substantial that it has even...
Somalia’s new strategy to cripple Al Shabaab: Weaken insurgents militarily, undermine its philosophy and operational efficiency
Three months after reclaiming the presidential office, Hassan Sheikh Mohamud resolved to root out al-Shabaab from Somalia. The new administration formed a unified front comprising local players, federal member states, religious leaders and external actors to confront al-Shabaab on military, religious and financial grounds. This coalition put al-Shabaab on the...
Nigeria elections commission promises to address grievances of presidential poll losers
The Independent National Electoral Commission (INEC) says it will “redress” the “grievances” of the People’s Democratic Party (PDP) regarding the presidential election outcome. Festus Okoye, INEC national commissioner for information, spoke while addressing members of the PDP who protested at the commission’s headquarters in Abuja. TheCable had reported how the...
Kenya: How tribal, political interests threaten future of 10,000 students, hundreds of university workers
Kenyans’ affinity to ethnicity and regional politics has put on the line the future of more than 10,000 students, hundreds of academic and subordinate staff which say they live in daily fear of the standoff that has been raging for more than two years now. Suppliers and creditors are also...
