Kenya’s largest telecoms operator raises $117 million with local sustainability-linked loan
The four participating banks in the transaction are KCB, ABSA, Standard Chartered Kenya and Stanbic, Safaricom said, adding that Standard Chartered acted as the lead arranger and bookrunner.
Singapore opens first graft trial in half a century for minister who accepted 10 bottles of whisky, 12 bottles of wine gifts
Singapore ministers are among the most well-paid in the world. Although the amount involved in Iswaran’s case appeared to be relatively minor, his indictment is an embarrassment to the PAP, which prides itself on a clean image. The last cabinet minister charged with graft was Wee Toon Boon, who was found guilty in 1975 and jailed for accepting gifts in exchange for helping a businessperson. Another cabinet minister was investigated for graft in 1986, but died before charges were filed.
Trumps go full crypto with World Liberty Financial, pledge to ‘make finance great again’
The Trump brothers have teased the new endeavour repeatedly in the weeks leading up to the announcement. In an X post on August 6, Eric wrote that he had “truly fallen in love with crypto/DeFi.” The following day, in another post, Donald Jr said he was “about to shake up the crypto world” and warned his followers not to “get left behind.”
Week after sealing pact with Kenya, Germany seeks similar deal with Colombia for skilled labour
Germany has already struck such agreements with India, Georgia, Kenya, Uzbekistan and Morocco, which among other things seek to speed up the deportation of unsuccessful asylum seekers from those places.
JPMorgan boss Jamie Dimon to visit Africa as it seeks to extend its footprints to Kenya, Ghana
JPMorgan Chase CEO Jamie Dimon plans to travel to Africa in mid-October in a push by the biggest US lender to expand on the continent, four sources familiar with the matter said, his first trip there in seven years. Dimon is expected to visit Kenya, Nigeria, South Africa and Ivory...
Tree of life: Why African baobab is a ‘superfood’ consumers in US and Europe are jostling for
The global market for baobab products has spiked, turning rural African areas with an abundance of the trees into source markets. The trees, known for surviving even under severe conditions like drought or fire, need more than 20 years to start producing fruit and aren’t cultivated but foraged.
Kenya strikes ‘deal’ with IMF on economic, fiscal challenges that’s likely to loosen lender’s purse
Kenya agreed a four-year loan with the IMF in 2021 and signed up for additional lending to support climate change measures in May 2023, taking its total IMF loan access to $3.6 billion.
Zimbabwe and Namibia will kill elephants, other wildlife to feed starving citizens as drought bites
The Namibian government last month approved the culling of 723 animals, including 83 elephants, 30 hippos, 60 buffalos, 50 impalas, 300 zebras and 100 elands, among others. The animals will be sourced from five of Namibia’s national parks, where it is also looking to reduce its elephant numbers amid conflicts between people and wildlife.
Birthright: Media mogul Rupert Murdoch tussle with children over control of his vast news empire
Rupert Murdoch stepped down as leader of both Fox News’ parent company and his News Corp media holdings last fall. He is arguing that to preserve his businesses’ commercial value for all his heirs, the trust must be changed so Lachlan can ensure his newspapers and TV networks continue to have a conservative editorial outlook, the Times reported.
Kenya forecasts budget deficit will fall to 3.5 per cent of gross domestic product next fiscal year
The budget deficit is expected to drop further to 3.3 per cent of GDP in the 2026/27 fiscal year, the finance ministry said in the draft budget outlook paper seen by Reuters on Tuesday.
