Glut of young workers: Africa is often seen through the lens of its recent past, not its potential future
The world economy needs Africa’s economic growth; but it also needs Africa to take a different path than did China. The Asian giant followed the West’s pattern of early industrialization: grow quick and dirty and worry about the consequences later. Driven for years by coal, China’s economic success has also been an environmental disaster.
World Bank: Africa’s glut of young workers is not a threat but an extraordinary opportunity upon which prosperity of the world depends
The most recent UN estimates project that Africa’s population, driven by both falling mortality and high fertility, will grow from 1.4 billion today to 2.5 billion by 2050. With China, Japan, Korea and European countries all likely to experience a sharp decline in young workers, the world economy is set to slow sharply unless it receives a productivity boost from the billion young people being added to Africa’s population in the next quarter century. The dynamism of Africa’s youth is central to the future of the global economy.
Corruption, lack of professionalism cited again in collapsed building Kenyan capital that killed four people
Public Service Cabinet Secretary Geoffrey Ruku accused the county government inspection unit of failing to play by the rules. Speaking to the media from the site of the minister said the residents associations had sent 43 letters to the county government citing construction anomalies to no avail.
Wealth: When Jeff Bezos moved from Seattle to Miami, he shook Washington’s entire budget
Washington’s capital gains tax is unusual by American standards. The state does not tax wage or salary income, but since 2022, it has imposed a 7 per cent tax on long-term capital gains above roughly $262,000 from assets such as stocks and bonds. Real estate sales are exempt.
Relief for Turkana pastoralists after Kerio Valley authority drills 24,000-litre capacity borehole
Kerio Valley Development Authority Managing Director Sammy Naporos said the authority has invested at least Ksh200 million in 17 water projects benefiting 204,000 people and 300,0000 livestock across the county.
Status of Kenya Railways chief in abeyance as questions about his retirement, fraud swirl around him
In that ruling, the court held that it lacked jurisdiction to interfere in matters that fall squarely within the mandate of statutory bodies, reaffirming the doctrine of separation of powers and the autonomy of institutions established under statute.
Kenya targets to double tourist numbers next year to fend off rising competition in East Africa
The cabinet secretary noted that boosting of tourism sector in the country, is a key enabler in job creation and economic growth.
Kenya’s President Ruto tried to de-dollarise African economies and crashed out, now green buck is bracing for end to its dominance
Ballooning US fiscal deficits – projected at $1.9 trillion in 2025 – together with a widening current-account gap, estimated at 6 per cent of GDP, are adding pressure to the dollar. On top of this is the overuse of the “printing press,” meaning the creation of large amounts of new money to finance spending.
HHS to prohibit hospitals from performing sex-change surgery on kids that benefit ‘predatory sex-rejecting multi-billion dollar industry’
Sex-rejecting procedures or “gender-affirming care,” refers to the use of puberty blockers, cross-sex hormones and/or surgery as a treatment for gender dysphoria. The Mayo Clinic defines gender dysphoria as a “feeling of distress that can happen when a person’s gender identity differs from the sex assigned at birth.”
Some 9,000 artisanal gold miners in Siaya to lose livelihood to Shanta Gold Mining Company
Artisanal miners led by Odero Zachary Nyakwaka of the Bamboo Artisanal Miners Cooperative called for openness in the issuance of licences. He lamented that whereas more than 9,000 people rely on artisanal gold mining in Ramula.
