World’s largest automaker Toyota adjusts profit growth upwards to $33 billion, rivals forecast drop
Toyota CFO Yoichi Miyazaki said that efforts to adjust production to better respond to demand for popular models had helped the automaker sell vehicles without resorting to the usual discounts and incentives.
Senegal’s image as beacon of democracy in Africa dented after MPs delay polls by 11 months
Political tensions have run high in Senegal for at least a year. Authorities also cut internet access from cellphones in June 2023 when supporters of opposition leader Ousmane Sonko clashed with security forces. Sonko is one of two opposition leaders whom election authorities disqualified from the final list of presidential candidates this month.
Medical charity MSF warns 13 children die daily at camp in Sudan for displaced people
MSF says that Zamzam, a camp of more than 300,000 people, was originally formed by people fleeing ethnically targeted violence in the region in 2003. However, since war broke out between Sudan’s military and paramilitary forces in April 2023, camp residents have been cut off from vital humanitarian aid and medical care, the group said in a statement.
Emerging market debt sales hit January record despite elusive flows, will rise to $165b this year
According to JPMorgan calculations, adding coupons to maturities and comparing to gross issuance should have left dedicated emerging markets hard currency funds with a $78 billion cash pile to invest over the past two years. But taking into account outflows, that would have shrunk to just $8 billion, the bank said in a recent note to clients.
World Bank President Banga denies IFC cover up of rampant sexual abuse in Kenya school investments
Civil society groups have expressed concern, opens new tab that IFC ignored evidence of child sexual abuse at some of Bridge’s Kenya schools until the World Bank’s Office of Compliance Advisor Ombudsman (CAO) received complaints from parents in 2018 and opened an investigation, opens new tab.
World backs King Charles III as he breaks from tradition of secrecy and announces he has cancer
The king is being treated as an outpatient, the palace said. It said Charles, who has generally enjoyed good health, “remains wholly positive about his treatment and looks forward to returning to full public duty as soon as possible.”
Why Kenyan President Ruto’s copy-and-paste Singaporean low-cost housing model faces resistance from taxpayers, courts
The history of affordable housing in Singapore is – too – replete with instances of colonial government involvement. However, the policies were modified to align with the programme with rapid economic growth that resulted in a rapidly rising housing demand powered by booming economy and sharp rise in labour-force from foreign countries.
Rethinking African education policy: Education is meaningless unless you understand the vast expanse of life, its sorrows and joys
We know “an expert is someone who knows more and more about less and less until he or she knows absolutely everything about nothing” about the world about him or her.
Grammys 2024: South African Tyla bags best African performance category to underline social media role in African music on global charts
Tyla beat Nigerian stars: Davido, Burna Boy, Asake and Ayra Starr to win a Grammy for Best African Music Performance category. The Water hitmaker’s win has revived the rivalry between Nigerians and South Africans on social media ahead of the semifinal on Wednesday, February 7.
Namibia president and anti-apartheid activist Hage Geingob dies, succeeded by deputy Nangolo Mbumba
Hage Geingob leaves behind a middle-income country fighting to push economic growth above three per cent following a pandemic-era slowdown and reverse racial inequalities left over from colonialism and annexation by South Africa’s former white minority government.
