Debt-ridden Zimbabwe to compensate white farmers who lost land in seizures 20 years ago
In this file photo dated March 29, 2000, Pippa van Rechteren, left, and her two-year-old twins Catherine, second from left, and Elisabeth (third from left) are blocked from leaving their house on the white-owned commercial farm, Chiripiro, by Zimbabwe war veterans in Centenary district, 150 kilometers (93 miles) north of Harare, Zimbabwe. Credit: AP
Deadly anti-depressants: Doctors ignore findings that the drugs work less by treating illness, more by changing personality
Eli Lilly, the manufacturer of Prozac, confirmed the drug had been blamed in over 75 criminal cases. The drugmaker said it was unaware of any cases in which the defence had succeeded. That’s precisely the problem, according to Healy. Today, nearly 20 years after Pittman’s case, no jury has acquitted a person who claimed antidepressants caused them to commit a murder.
Africa set to transform from relative clean-energy laggard to world energy sector leader
Kenya and Ethiopia are both exploiting their relatively easy access to geothermal sources and are constructing the lion’s share of geothermal capacity. And around 15,000 MW of hydro is being planned across Ethiopia, Egypt, Angola, Nigeria and Tanzania, while Nigeria also has a 4,800 MW nuclear plant in pre-construction.
World Bank revises downwards sub-Saharan Africa growth forecast for 2024 over Sudan
The sub-Saharan Africa region grew at a robust annual average of 5.3 per cent in 2000-2014 on the back of a commodity supercycle, but output started flagging when commodity prices crashed. The slowdown was accelerated by the Covid-19 pandemic.
Central Bank of Kenya allows JPMorgan Chase to set up representative office in Nairobi
The JPMorgan Chase representative office will contribute to the diversity of Kenya’s financial sector and catalyse trade and investments, the statement added.
Uganda signs rail construction agreement with Turkey’s Yapi Merkezi
The rail section will run from the capital Kampala to Malaba at the border with Kenya, connecting landlocked Uganda to its neighbour’s rail network and on to the Indian Ocean seaport of Mombasa.
Kariba Dam: World’s largest man-made lake strips Zambia of electricity, grounds economy to a halt
Less than half of Zambia’s 20 million people had access to electricity before Kariba’s problems. Millions more have now been forced to adjust as mothers find different ways to cook for their families and children do their homework by candlelight. The most damaging impact is during the daylight hours when small businesses, the backbone of the country, struggle to operate.
How tamperproof blockchain technology is positioning crowdfunding to upstage traditional lenders in money market
Until 2016 when crowdfunding was deemed an online-based networking for social initiatives such building schools, churches, resource centres or roads, this method of fund-raising lacked legal basis to commute it to a source of investment capital for startups. Today, crowdfunding has kick-started a shift from traditional lenders and donors and pooling resources for economic investment for marginalised societies, non-governmental organisations and institutions devoid of political, cultural, religious or social rigidities that occasion a high a failure rate for even worthy causes.
How Kenyan farmers’ demand for fast, reliable insurance positioned blockchain as next big thing in financial world
People stand in front of the Blockchain Hub Davos 2023 at the Promenade road during the World Economic Forum (WEF) 2023, in the Alpine resort of Davos, Switzerland, on January 18, 2023. Credit: Reuters
Kenya and IMF nearing $3.6 billion loan deal as the lender awaits Nairobi’s staff layoff proposal
Kenya’s government has asked the IMF to conduct an official assessment of corruption and governance issues. While not directly linked to the next disbursement, the assessment is an attempt to build goodwill with the Fund as it tries to get finances back on track.
