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.
Taylor Swift takes Grammy Award for ‘Midnights’ and with it makes history with fourth album of year win
Winners were chosen by the musicians, producers, engineers and others who make up the Recording Academy. The group has worked to diversify its membership in recent years by inviting more women and people of color to its ranks.
Loud on climate change, Kenyan president contradicts himself by sanctioning paved road construction through forest
The Kenyan government wants to build a 32-mile tarmac road through what has been suggested as a UNESCO World Heritage Site to connect two counties, and the country’s environmental agency, the National Environment Management Authority, issued an environmental impact assessment licence for the project last month. The project would cut through 15 miles of closed canopy forest and likely increase vehicle traffic into animal paths.
Grammys 2024: Miley Cyrus, Boygenius win as Taylor Swift chases album record
Cyrus won best solo pop performance for her empowerment anthem Flowers and was handed the gold trophy by Mariah Carey. Cyrus said she got stuck in traffic during heavy rain in Los Angeles and nearly missed the moment her name was called.