How Uganda’s signature mode of transport has turned Kampala into Africa’s ‘boda boda capital’
The boda-boda men, who operate mostly unregulated, have resisted recent attempts to dislodge them from the narrow streets of Kampala’s central business district, frustrating city authorities and underscoring the government’s fears over the consequences of angering a horde of jobless men.
Kenya Airways makes first half-year profit in 10 years as optimistic CEO predicts strong rebound
Chief Executive Allan Kilavuka told a briefing the company was seeking to finalise negotiations with a strategic equity investor, without giving details. One of Africa’s three biggest airlines, Kenya Airways slid into insolvency in 2018 after an expansion drive left it with hundreds of millions of dollars in debt.
Local media report Kenya plans to reintroduce some tax measures to raise $1.2 billion
The tax proposals to be brought back include an eco-levy on most goods, Finance Minister John Mbadi told the private TV station, adding that sensitive products like sanitary pads would be exempted from the levy.
Scramble for numbers in Europe’s hospitality industry ushers in new concerns of ‘overtourism’
Anyone paying attention during this summer of “overtourism” is familiar with the escalating consequences around the world: traffic jams in paradise. Reports of hospitality workers living in tents. And “anti-tourism” protests intended to shame visitors as they dine – or, as in Barcelona in July, douse them with water pistols.
Defiant Kenya Airports Authority says August 19 strike won’t disrupt operations, flight schedules
Kenya’s government has said the airport is not for sale and that no decision had been made on whether to proceed with what it called a proposed public-private partnership to upgrade the East African travel hub.
Fraud linked to Unification Church, high cost of living force Japan PM Kishida to thrown in towel
Kishida’s departure could mean tighter fiscal and monetary conditions depending on the candidate, according to Shoki Omori, chief Japan desk strategist at Mizuho Securities in Tokyo.
Kenyan among suspects behind ransomware that last week disrupted hospitals and airports worldwide
The investigation has identified 43 companies as victims, from countries including Argentina, Australia, Belgium, Brazil, Honduras, India, Canada, Croatia, Peru, Poland, the United Kingdom, the United Arab Emirates and Germany, they said.
Floating of Ethiopian currency sets off volatility as hotel menus warn of ‘new price for every meal at any moment’
Many supermarkets in Addis Ababa are hoarding products in warehouses and only selling small quantities in their stores to escape punishment by city authorities, who have vowed to crack down on hoarders. Consumers who want to buy in bulk must pay inflated prices for products they are told to pick from warehouses.
Kenya aviation workers set for strike over controversial government deal with Indian firm
The Kenya Aviation Workers Union said the proposed deal would lead to job losses and bring in non-Kenyan workers. It also described it an “unlawful intended sale of JKIA to Adani Airport Holdings of India” in its seven-day strike notice issued on Monday.
Youth protests and credit downgrades drive away risk-averse investors as Kenya’s debt, fiscal woes deepen
The latest debt sale, on August 1, saw the benchmark 1-year Treasury bill get less than a tenth of demand for the amount on offer. That weak demand is making it even more expensive – and complicated – to fund the debt-burdened government’s budget.
