Kenyan youth-inspired uprising spreads in Africa as Nigeria’s police chief warns against Gen Z-style protests
In what could be President Bola Tinubu’s biggest challenge, Nigerians have taken inspiration from young Kenyans whose protests forced a government U-turn on tax hikes. They are using X and Instagram platforms to call for peaceful protests from August 1.
Unemployment storm: Bangladesh court scraps most job quotas that sparked deadly protests
Experts attribute the unrest to stagnant job growth in the private sector and high youth unemployment, making public sector jobs with regular wage hikes very attractive among the group who make up nearly a fifth of the population.
Treasury: New economic repair plan submitted by Kenya to IMF set for review in August
The IMF did not immediately comment. The East African nation has a $3.6 billion IMF programme and the Fund had reached a staff level agreement on the seventh review of Kenya’s programme in early June.
Court case exposes how Nairobi city government turned Africa’s once cleanest city into Holy Grail with Chinese ‘tenderpreneurs’ atop garbage heap
Nairobi City government is fending off accusations that it varied a tender initially awarded to state power agency, the Kenya Electricity Generating (KenGen) Company in favour of a mysterious Chinese company under contestable circumstances. Consequently, KenGen is challeging the award of the tender to Chinese company in court. The controversy...
Cashless outage: How global CrowdStrike meltdown shocked consumers back into using cash to pay bills
Richard Forno, a cybersecurity lecturer at the University of Maryland, said Friday’s outage demonstrates the vulnerability of our current cloud and internet infrastructure. “Software supply chains have long been a serious cybersecurity concern and potential single point of failure,” Forno says.
How one bad CrowdStrike update crashed the world’s computers in airports, train systems, banks, hospitals …and more
The widespread Windows outages have been linked to a software update from cybersecurity giant CrowdStrike. It is believed the issues are not linked to a malicious cyberattack, cybersecurity officials say, but rather stem from a misconfigured/corrupted update that CrowdStrike pushed out to its customers.
Worldwide cyber outage linked to third-party software upgrade grounds flights, disrupts businesses
Microsoft’s cloud unit Azure said it was aware of the issue that impacted virtual machines running Windows OS and the CrowdStrike Falcon agent getting stuck in a “restarting state” amid an ongoing global outage.
African Development Bank approves $1billion loan to South Africa’s rail and ports company
The African Development Bank said on Thursday it had approved a $1 billion loan to South Africa’s state-owned rail and ports company, Transnet. The 25-year loan was wholly guaranteed by the South African government and will help finance the first phase of a $8.1 billion investment plan for Transnet to...
‘Tuna bond’ scandal that spurred $2 billion debt crisis in Mozambique economy lands ex-finance minister in US court
A key prosecution witness was on the stand on Wednesday as Chang followed along closely via a Portuguese language interpreter. Between 2013 and 2016, three Mozambican-government-controlled companies quietly borrowed $2 billion from major overseas banks – and the government, with Chang’s signature, assured repayment.
Human rights actvists start piling pressure on IMF to force Kenya to account for public funds
Kenya’s debt pressures spurred the IMF to approve $941 million for the country in January, bringing the total amount loaned to the East African nation by the financial agency to $3.9 billion. Kenyans have raised concerns about such heavy borrowing, saying it has done little to improve their lives. At the same time, protesters say, citizens are paying more taxes so Kenya can repay the loans.
