Conservationists upgrade ‘Large-toothed Robber’ fish in Kenya’s Lake Turkana to ‘vulnerable’ status
Also at risk is Atlantic Salmon, which swims in both freshwater and saltwater. It slid down a category from ‘Least Concern’ to ‘Near Threatened’ on evidence its global population fell by 23 per cent between 2006 and 2020, IUCN said. It cited mortality due to salmon lice from farms as well as the rise of invasive species as some of the factors.
Reprieve for Meta as Kenyan judge rules Facebook parent company did not breach court orders
A Kenyan judge on Thursday found Facebook’s parent company Meta was not in contempt of court for failing to pay dozens of content moderators that a contractor laid off. Labour judge Mathews Nduma Nderi said Meta did not “deliberately and contemptuously” breach a court order requiring it to pay the...
African currencies in a flux as Kenya’s shilling is forecast to recover marginally, Zambia’s kwacha weakens
Commercial banks quoted the Kenya shilling at 153.20/40 to the US dollar, compared with last Thursday’s closing rate of Kenya shilling 153.15/35.
Spirits giant and Kenya Breweries partner Diageo to offload beer portfolio on margin concerns
Beer sales of 3.36 billion pounds ($4.23 billion) accounted for just over 14 per cent of total sales at Diageo for the year ended June 30, whereas spirits sales contributed a mammoth 81 per cent.
Great Reset: How unelected unaccountable billionaire class is driving domestic and foreign policy in the world
Controligarchs are good at turning a crisis into an opportunity, Bruner said. “The pandemic was the ultimate crisis and the ultimate opportunity.” The controligarchs have the solutions to all their diseases, “which can be quite profitable.”
Dollar-thirsty Kenya announces $1 billion Chinese loan to be used to offset maturing Eurobond
The loan was first announced by Kenyan authorities in October, marking a shift in the government of President William Ruto’s stance on Chinese lending after criticising the loans during last year’s election campaign.
Curse of palm oil farming: IFAD, World Bank may have given nod to thieves in Uganda to steal all land in the east, north
In summary the government of Uganda and IFAD, most likely with the backing of World Bank, want to establish oil palm growing over the whole of northern Uganda and most of eastern Uganda. Virtually all Ugandans are unaware of this creeping thief that will take all the land, destroy all the trees, interfere with the water cycle, displace them from their land and turn them into internal refugees and a cheap labour force that can be easily hired and fired. The leaders in the two regions must wake up. They too will be victims of the gigantic land grab.
Central Bank of Kenya tries to intervene to stabilise weakening currency with huge base rate hike
Inflation dipped to 6.8 per cent year-on-year in November from 6.9 per cent in October, with the central bank saying on Tuesday that exchange rate depreciation had contributed about 3.0 percentage points to the November reading.
World Bank blacklist forces Uganda to raid domestic money market to finance budget
The central bank, opposition politicians and government officials say soaring debt service costs have been eating into funds needed to finance critical needs. The extra borrowing will likely put pressure on interest rates, the ministry said.
Weak currency, high taxes and high fuel cost shrink Kenya’s private sector activity further
The Federation of Kenya Employers said last month that 70,000 jobs have been lost in the past year due to the jump in business costs. The survey also pointed to a gloomy near-term, with only 17% of responding companies expecting growth.
