When to ignore an instruction from your boss: Avoid emails asking you to approve payments
BEC wire transfer fraud sees criminals taking advantage of an expected financial transaction such as a supplier payment, and asking the recipient to adjust the bank account information on an outgoing wire transfer. In many cases, the instruction may appear to come from the victim’s boss, and may even be written in a similar style that is used by the boss.
Kenya: Stellantis invest $1.58 billion to acquire 20 per cent shares in Leapmotor to bolster latter’s EV business
Leapmotor was the world’s first pure-play EV company to implement Cell-to-Chassis technology on a largescale, and its ‘Four-Leaf Clover’ Leap 3.0 central-controlled new electric and electronic architecture achieves seamless and efficient collaboration within the core components of smart EVs. Its unique vertical integration model maximizes scalability, enabling Leapmotor to quickly respond to customer needs.
Exchange rates: US dollar exerts pressure on Kenyan, Ugandan and Zambian currencies
Nigeria’s naira is seen trading around its current levels on the official market in the coming week, after the finance minister said the government was expecting $10 billion of inflows to ease dollar shortages.
Public health: US presidential candidate labels Bill Gates a powerful man who could ‘corrupt the whole system’
The Gates Foundation, which holds shares in a range of drug companies including Merck, Pfizer and Johnson & Johnson, is now credited with wielding significant influence over the direction of the global response to the pandemic, saying its goal is to “vaccinate the entire world” with a Covid-19 vaccine.
Bagged, precut onions come with food poisoning risks as salmonella detected in 73 people
Salmonella poisoning can cause serious illness, especially in children younger than five, elderly people and those with weakened immune systems.
International Energy Agency predicts demand for world oil, gas and coal will peak by 2030
Still, the IEA also said as things stand, demand for fossil fuels is set to remain far too high to keep within reach the Paris Agreement goal of limiting the rise in average global temperatures to 1.5 degrees Celsius.
Namibian President Geingob scoffs at critics after award by oil industry at Africa Energy Week
Namibia is emerging from the past difficult eight years, in which Namibians experienced in one presidency an economic downturn occasioned by commodity cycle busts; the most severe droughts to have ever been recorded in the history of the country; and later the devastating Covid-19 pandemic, which decimated sectors of the economy.
African Development Bank approves $2.5 million for small horticultural businesses in Tanzania
The project will allow small operators in Tanzania to improve the efficiency of their agricultural activities, substantially increasing the volume and quality of products per unit of surface area.
African Development Bank commits over $23 million to Rwanda’s planned aviation centre of excellence
The centre is expected to enrol up to 500 students starting from 2025 when it becomes partly operational. It will offer training for pilots, maintenance and cabin crew. There will also be dispatch and ancillary courses, including in airport emergency operations services.
African Energy Chamber executive chair NJ Ayuk promises bigger conference next year as AEW ends
Thanking the AEW 2023 sponsors and partners, Ayuk emphasised how support from these institutions has ensured the success of the event, allowing stakeholders to collaborate towards a common goal of alleviating energy poverty. “To our sponsors, we could not have done this without you: you pushed us, drove us and continued to encourage,” he added.
