Climate change funds flow to Africa has risen markedly but a yawning funding gap remains
Funding for climate tech startups in Africa from the private sector is growing, with businesses raising more than $3.4 billion since 2019. But there’s still a long way to go, with the continent requiring $277 billion annually to meet its climate goals for 2030.
Pot ‘crackers’ in US celebrate reclassification of marijuana but move won’t get drug pushers out of jail
Biden, a Democrat, supports legalising medical marijuana for use “where appropriate, consistent with medical and scientific evidence,” White House press secretary Karine Jean-Pierre said on April 25, 2024. “That is why it is important for this independent review to go through.”
New era for US drugs regulation as Biden administration reclassifies cannabis but pot businesses still can’t find a bank
Most Americans live in states where marijuana is legally available in some form. But there’s a continuing problem when it comes to banks: Many financial institutions don’t want anything to do with money from the cannabis industry for fear it could expose them to legal trouble from the federal government, which still lists marijuana as illegal.
Kenya’s economy to steady further with $1 billion IMF tranche as shilling holds firm against US dollar
Robust lending to Kenya from the IMF and World Bank has helped the government to navigate a liquidity crisis. The East African nation received a $941 million lending boost from the IMF in January, which brought the size of its programme with the fund to $4.43 billion, with around $2.5 billion outstanding.
Kenya Airways suspends flights to Kinshasa, deepens diplomatic row between Kenya and Congo
Spokespeople for Congo’s government and foreign affairs ministry did not immediately respond to requests for comment. Kenya Airways said it was cooperating with investigating agencies and government entities in Congo and Kenya to ensure the matter was resolved.
Biden signs into law Congress bill that bans TikTok use in America as its Chinese owners vow to go to court
TikTok also has come under fire for its negative influence on children and teenagers, including data collection and other privacy issues. However, the bill’s language appears to leave room for the US government to do more than just target TikTok and its parent company or address concerns over what content children are exposed to or about their privacy.
Kenya’s better diversified sources of dollar revenues to rein inflation as Nigeria, Ghana’s spikes
Inflation in Nigeria is expected to quicken to 29.1 per cent this year from an average of 24.5 per cent last year, before it slows to 17.2 per cent next year. It hit a 28-year high of 33.2 per cent in annual terms last month. Nigeria central bank governor Olayemi Cardoso raised the monetary policy rate by 200 basis points to 24.75 per cent last month after a 400 basis point hike in February.
Curse or blessing? Fears that dog English clubs when making decsion to build new stadiums as did Arsenal and Spurs
The geography of the Tottenham Hotspur stadium is one of its many aspects. Much is made of the contrast between a £1 billion stadium and the old council estates it brushes up alongside and Spurs’ former home, White Hart Lane, built 120 years ago, felt more of a fit in that respect. But Martin Cloake of the Tottenham Hotspur Supporters’ Trust is delighted the new stadium is where it is.
FTC report lays bare how corporate greed puts huge bite on working families who spend most of their income on food
Time and again, big companies tell us that if they could only get bigger, they would pass savings on to consumers. This is almost never true. Instead, they give money back to their investors and reward executives – like Walmart’s Doug McMillon, who takes home over $25 million a year, and Kroger’s Rodney McMullen, who makes more than $19 million. That’s 671 times more than the amount an average Kroger worker makes.
Malaria remains leading killer in Kenya, but prospect of local vaccine production offers hope for patients
Kenya had an estimated five million malaria cases and over 12,000 deaths reported in 2022, according to the World Health Organization. Most of those affected are children under 5 and pregnant women. Kenya continues to combat malaria with traditional methods such as distributing bed nets that are treated with insecticides, spraying breeding areas and promoting prompt diagnosis and treatment, but experts say progress against the disease with those approaches has plateaued.
