World Bank cuts Kenya’s 2024 growth estimate to 4.7 per cent on fiscal challenges
Although the growth estimate for this year is lower than last year’s rate of 5.6 per cent, it will still be higher than the sub-Saharan Africa average of 3.0 per cent, the bank said.
Nile perch: How world’s ‘smallest war’ is fought in Kenya on world’s most densely populated island in Lake Victoria
Since 1926 official maps have shown that the island is 510 metres east of the border, putting it firmly in Kenyan waters. But Lake Victoria is, of course, the colonial era monicker for the inland sea, which has many other names in local languages and dialects. And it may be that poor or thoughtless map drawing by the colonial powers in Africa has contributed to the dispute.
Africa makes step forward as continent seeks break from Big Parma on medical imports after Morocco produced first mpox tests
When mpox cases were found in some Western countries like the United States in 2022, some companies began developing rapid test kits that don’t require lab processing. But they shelved those efforts when the virus was largely contained.
Delay, defend and deny: US insurance catchwords that might unravel motive behind murder of UnitedHealth CEO
Brian Thompson was killed in an attack police called targeted as he was about to enter the Hilton hotel for the company’s annual investor conference. The gunman, whose crime was recorded on video, is at large and the New York City Police Department said there was no known motive for the murder.
Trump taps politician with business experience as ambassador to China to steer relations riven by deep mistrust, trade tensions
President-elect Donald Trump has nominated China hardliners for other senior roles in his administration, including Senator Marco Rubio for secretary of state, in a signal his policy toward the United States’ main strategic rival could go beyond trade measures.
Kenya cuts base rate more than expected for third month to stimulate growth
Kenya’s inflation edged up to 2.8 per cent year-on-year in November, from 2.7 per cent a month earlier, but it remains well within the government’s preferred band of between 2.5 per cent and 7.5 per cent in the medium term.
Kenyan youth take up kung-fu as buffer against high redundancy, drug peddling and lifestyle diseases
Coach Kennedy Murimi trains dozens of children and youth in Nairobi’s Kawangware neighbourhood and has noticed a significant increase in learners. He said the number of people attending his trainings has tripled in recent months to about 60.
Biden ends African tour with $600m additional pledge for railways project
The corridor, which likely will take years to complete, gives the US better access to cobalt, copper and other critical minerals in Congo and Zambia that are used in batteries for electric vehicles, electronic devices and clean energy technologies that Biden said would power the future.
Institutional adoption, advancement in tokenisation and payments and clearer regulatory path pushes up bitcoin optimism
A slew of crypto companies including Ripple, Kraken and Circle are jostling for a seat on Trump’s promised crypto advisory council, seeking a say in his planned overhaul of US policy, according to several digital asset industry executives.
UnitedHealthcare CEO killed in a ‘targeted shooting’ outside New York hotel, police say
UnitedHealthcare is the insurance arm of the healthcare giant UnitedHealth Group Inc. The Minnetonka, Minnesota-based company was scheduled to have its annual meeting with investors in New York City to update Wall Street on the company’s direction and expectations for the coming year, according to a company media advisory.
