President Mohamud promises to wipe out Al Shabaab insurgency in Somalia within a year
Speaking to a crowd at London’s Royal United Services Institute, President Hassan Sheikh Mohamud said African Union Transition Mission in Somalia (ATMIS) forces are working to eliminate the remaining al-Shabaab fighters in the country, but their efforts are hamstrung by recent flooding.
Reprieve for Meta as Kenyan judge rules Facebook parent company did not breach court orders
A Kenyan judge on Thursday found Facebook’s parent company Meta was not in contempt of court for failing to pay dozens of content moderators that a contractor laid off. Labour judge Mathews Nduma Nderi said Meta did not “deliberately and contemptuously” breach a court order requiring it to pay the...
Spirits giant and Kenya Breweries partner Diageo to offload beer portfolio on margin concerns
Beer sales of 3.36 billion pounds ($4.23 billion) accounted for just over 14 per cent of total sales at Diageo for the year ended June 30, whereas spirits sales contributed a mammoth 81 per cent.
Dollar-thirsty Kenya announces $1 billion Chinese loan to be used to offset maturing Eurobond
The loan was first announced by Kenyan authorities in October, marking a shift in the government of President William Ruto’s stance on Chinese lending after criticising the loans during last year’s election campaign.
Central Bank of Kenya tries to intervene to stabilise weakening currency with huge base rate hike
Inflation dipped to 6.8 per cent year-on-year in November from 6.9 per cent in October, with the central bank saying on Tuesday that exchange rate depreciation had contributed about 3.0 percentage points to the November reading.
World Bank blacklist forces Uganda to raid domestic money market to finance budget
The central bank, opposition politicians and government officials say soaring debt service costs have been eating into funds needed to finance critical needs. The extra borrowing will likely put pressure on interest rates, the ministry said.
Homosexuality, election fraud land Uganda, Zimbabwe leaders US stiff visa restrictions
In June, the US State Department imposed visa restrictions on Ugandan officials after the passage of the law. The State Department also previously put visa restrictions on Ugandan officials following the country’s 2021 elections, which it called “flawed.”
Weak currency, high taxes and high fuel cost shrink Kenya’s private sector activity further
The Federation of Kenya Employers said last month that 70,000 jobs have been lost in the past year due to the jump in business costs. The survey also pointed to a gloomy near-term, with only 17% of responding companies expecting growth.
UK home secretary arrives in Kigali, ready to sign controversial asylum treaty with Rwanda
Prime Minister Rishi Sunak is under intense pressure to cut net migration, which hit a record 745,000 last year, and end the flow of asylum seekers who pay people smugglers for their Channel crossings, often in overcrowded, unseaworthy boats.
More than 70 killed, 5,600 rendered homeless by floods and landslides in Tanzania
Climate change is causing more intense and more frequent extreme weather events, according to climate scientists.
The flooding comes on the back of the worst drought to hit the region in 40 years. Dry soils are less able to absorb water, increasing the risk of flash flooding.
