Sri Lanka’s tea producers worried 70 per cent wage hike will turn over market to Kenya, India
The industry must start paying the salary increase from next month, Sri Lanka’s Labour Ministry said on Sunday, warning that plantation companies refusing to comply could be taken over by the government. Implementing the wage hike will cost plantation companies an additional 35 billion rupees, the association said.
$668m Nairobi Expressway run by state-owned China Road and Bridge Corp is a snapshot of how China engages with Africa
Daily average use in March was already 57,000 vehicles, exceeding a 2049 target of around 55,000 set by CRBC in a 2019 presentation on the project’s economic viability seen by Reuters.
Chinese creepers exploit lax Nigerian law enforcement and terrorism to illegally mine, export tonnesas of lithium
Nigeria has long neglected the solid minerals sector, which allows some communities like the northern-central town of Jos, which is tin-abundant, to depend on subsistence mining for their livelihood.
Zimbabwe fights citizenry resistance to world’s newest currency as demand for US dollar peaks
Senior officials from the Reserve Bank of Zimbabwe and the ruling ZANU-PF party embarked on a flurry of public rallies and meetings to encourage the sceptical population to now embrace the ZiG ahead of the US dollar, which is also legal tender in the southern African nation. Commercial jingles heralding the currency flooded the airwaves along with Caleb’s single.
US, Kenya launch ‘Nairobi-Washington Vision’ to enable ‘high-ambition countries’ to get cheap loans
China, the United States and other Group of 20 creditor countries set up the Common Framework for Debt Restructuring to help countries facing huge debt burdens during the pandemic, but the initiative has faced long delays. A senior US Treasury official said China – the largest official creditor – had taken some steps to aid debt-ridden countries, but more work was needed.
Kenya, US investment manager sign $3.6 billion deal to expand 440km Nairoi-Mombasa highway
The deal coincides with Kenyan President William Ruto’s visit to the United States, the first such state visit by a leader from Sub-Saharan Africa since 2008.
Storm brews following Microsoft’s UAE deal that’ll move key US chips and AI abroad, including Kenya
The broad intent of the deal is for Microsoft and G42 to jointly take AI technology into regions where neither could do so as effectively alone. An early example is a deal in Kenya announced by the two companies on Wednesday.
US public health agencies face scrutiny after multiple studies show unvaccinated children are healthier than vaccinated ones
Dr Paul Thomas, whose medical license was suspended due to his advocacy for informed consent regarding vaccinations, along with James Lyons-Weiler from the Institute for Pure and Applied Knowledge, conducted a study comparing the health of vaccinated and unvaccinated children. Their findings revealed that vaccinated children experienced significantly higher instances of various health issues, including: asthma, allergies, eczema, sinusitis, gastroenteritis, respiratory infections, middle ear infection, conjunctivitis, breathing issues and behavioural issues.
Kenya’s largest bank, KCB, announces first quarter pretax profit up 53 per cent
Net interest income rose to 31.06 billion shillings from 22.06 billion shillings. Gross loans increased 12.2 per cent to 1.13 trillion shillings, while loan-loss provisions stood at 6.3 billion shillings, up from 4.12 billion shillings.
French, Russia, Chinese firms scramble for contract to build Ghana’s first nuclear power plant
Ghana started considering building a nuclear power plant in the 1960s but the process was derailed by a coup. It revived the plan in 2006 with the International Atomic Energy Association’s assistance, following a devastating power crisis that year.
