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.
In wake of anti-tax protests and credit worthiness downgrades, Kenya begins national debt audit
During the height of the protests, President William Ruto appointed a committee to perform the audit. However, several appointees, including the head of the Law Society of Kenya, declined the appointments, saying the task should be carried out by the auditor-general.
Kenyan and Zambian currencies to hold steady against green buck as Nigeria’s and Uganda’s fluctuate
The local unit rallied strongly early this year as concerns eased that the East African country would default on a $2 billion Eurobond that matured in June, but it lost momentum from April onwards.
Adani fraud: Flights grounded at Kenya’s main airport as workers protest award of tender to Indian firm
The Kenya Airports Authority said in a statement that it was “engaging relevant parties to normalise operations” and urged passengers to contact respective airlines to confirm flight status.
FBI reveals investors in the US lost $5.6 billion last year in cryptocurrency fraud scams
Once the relationship is built, they convince the targets to use fake websites or apps to invest their money, sometimes even allowing the victims to withdraw small amounts of money early on to make it seem legitimate.
Financial Times: Kenyan court halts Adani takeover of the East African nation’s international airport
The proposed takeover spurred protests when it was revealed in July and the Kenya Aviation Workers Union also opposed the plans, which it argued would lead to job cuts and employment of foreigners.
