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.
Iran-made Shahed-136 is the ‘loitering munition’ of choice Houthis use to attack merchant ships
The Shahed-136 , which has been extensively used by Russian forces in Ukraine, can be fired from truck-mounted containers at a slightly upward angle. A small rocket booster helps propel the drone into the air before being jettisoned. Its main piston engine then takes over to power the flight.
How Houthi militants in Yemen attack ships in one of world’s busiest maritime trade routes
Houthi attacks have targeted ships in the southern Red Sea and the neighbouring Gulf of Aden, which are joined by the Bab al-Mandab strait, a chokepoint between the Horn of Africa and the Middle East.
Bayer announces plan to outsource pharma business in Kenya, 3 other African countries
Bayer will hand over the warehousing, distribution and sales representation of the medicines business, including for oncology and ophthalmology, to an unidentified third company beginning in May, it said.
Spanish farmers plan protests in February that are expected to spill over to farmers in Kenya
Spanish farmers say they are also struggling to compete with products imported from outside the EU at lower prices. Among other demands, the Spanish organisations plan to ask Brussels to halt negotiations with the Mercosur trade bloc, as well as trade agreements with Chile, Kenya, Mexico, India and Australia.
Kenya considering Eurobond buyback in February or March, then return to money market – President Ruto
Ruto also said the government was no longer counting on the Trade and Development Bank (TDB), an African development finance institution, to organise a $1 billion syndicated loan for Kenya, as initially planned.
Italy PM pledges new partnership with Africa but critics say indebted Rome can’t rival China, Russia
However, there was a note of discord from some of those present, with Moussa Faki Mahamat, chairman of the African Union Commission, saying he wished Africa had been consulted first on priorities and emphasising the need to honour commitments.
Bayer pharmaceutical ordered to pay $2.25 billion after jury links herbicide Roundup to cancer
On Friday a jury returned a unanimous verdict, finding that Roundup was a cancer-causing product, that Monsanto was negligent and that Monsanto failed to warn about the dangers of Roundup, McKivison’s lawyers Tom Kline and Jason Itkin said in a joint statement.
Attacks on ships in the Red Sea are disrupting global trade, impact predicted to last many months
The threat grows considerably the longer the war in Gaza drags on. Disruption to Red Sea trade lasting a year could surge goods inflation by up to 2%, Petersen says, piling on pain while the world already struggles with higher prices for groceries, rent and more. That also could mean even higher interest rates, which have weakened economies.
Not groggy: Diageo’s Kenyan unit calls Tusker beer sale report ‘market speculation’
In an interview with Reuters EABL CEO Jane Karuku denied the brand would be sold
