Kenya’s inflation eases in March as prices of staples and transport costs also drop
The central bank is due to announce its latest lending rate decision on April 3. In February, the bank raised its benchmark rate to 13.0 per cent from 12.5 per cent previously.
Nigeria’s Access Holding to seek shareholders’ nod to raise $1.5 billion via share or bond sale
Shares of Nigerian-based Access Group, which operates across 15 countries, mostly in Africa but including Britain and France, rose 2.08 per cent to 24.50 naira on the Nigerian bourse. They hit a high of 30.70 naira in January.
Con: X owner Elon Musk fought government surveillance, while profiting off state surveillance
In its petition to the Supreme Court last September, X’s attorneys took up the banner of communications privacy: “History demonstrates that the surveillance of electronic communications is both a fertile ground for government abuse and a lightning-rod political topic of intense concern to the public.” After the court declined to take up the case in January, Musk responded tweeting, “Disappointing that the Supreme Court declined to hear this matter.”
Neighbours Kenya and Uganda resolve their oil importation row through Mombasa port
Landlocked Uganda imported $1.6 billion worth of petroleum products in 2022, mostly originating from the Gulf. Some 90 per cent of the products are imported through Kenya.
Confusion over the new stock symbol leads to fleeting windfall Trump’s media company ticker
Several people complained on social media about briefly seeing the value of their DJT stock holdings on Charles Schwab platforms inflated to figures more in line with what they would be worth if the shares traded at the level of the Dow Jones Transportation Average.
Scrutiny of iris-scanning crypto project Worldcoin grows as privacy campaigners call for ban
In August last year, Kenya suspended Worldcoin’s local activities while the government assesses potential risks to public safety.
On the mend: Kenya Airways rakes in $80 million to record first operating profit since 2017
The airline expects to receive an additional cargo freighter soon and it will receive another Boeing 737-800 passenger jet by the third quarter of this year to boost capacity, Kilavuka said.
Hazardous textile waste: Kenya’s secondhand clothes traders oppose EU ban on used clothes export
The EU exported 1.4 million tonnes of used textiles in 2022, more than twice as much as in 2000 according to UN trade data. Exports to developing countries can lead to pollution when clothes that cannot be resold end up in dumps, the EU has said.
Britain announces $100 million finance facility for countries in eastern and southern Africa
The financing facility with TDB is the fourth of its kind to be struck with the lender and would help the bank address supply chain disruptions and forex shortages, said Admassu Tadesse, TDB Group President and Managing Director.
Wild social media: Kenya tells TikTok to prove it is complying with privacy laws
Odanga Madung, a researcher at the nonprofit Mozilla Foundation, said the problems described by Kindiki were widespread across social media platforms.
