Central bank boss shrugs off recent credit downgrades by financial market experts, forecasts Kenya shilling surge
Rating agencies Moody’s and Fitch downgraded Kenya’s sovereign ratings following the withdrawal of the tax measures, saying the move could complicate the East African country’s fiscal consolidation efforts.
Jittery Congo Presidents Tshisekedi questions predecessor Joseph Kabila’s links with US-sanctioned rebels
President Tshisekedi’s accusation follows the US announcement of sanctions against the AFC last month. Washington accused the alliance of seeking to overthrow Congo’s government and fueling conflict in the east of the country. It said the main member of the alliance, the renowned rebel group M23, is already under US sanctions.
Paris Olympics: Kenya strikes gold, silver in 5000m race after Kipyegon had controversially been disqualified
Chebet produced a thrilling finish to win the first medal for her country at the Paris Olympics and smiled widely as she crossed the line after an exhausting performance. World champion Kipyegon had finished second in 14:29.60 but was disqualified after a clash with Ethiopian world record holder Gudaf Tsegay on the penultimate lap.
How Ugandan politics has evolved since the ‘Nairobi Peace Jokes’ through bloodbath and false hope to opposition-propped ‘eternal president’
President Tibuhaburwa Museveni may be an elected President but he remains 100 per cent military in heart, mind and actions, and he is the champion of the de-democratisation and militarisation processes in Uganda. He takes full advantage of the fact that the Uganda Constitution 1995, whose making he presided over, invests all power and authority over everything – underground and above-ground – including power and authority. Power is concentrated in the hands of the institution of the presidency, which he has captured for the past 38 years.
How political homophobia nudged Ugandan president to use homosexuality law as a tool to repel youth protests
Unlike in Russia where political homophobia has been institutionalised as a state strategy in that country’s politics, there is no evidence that this is the case in Uganda despite the political order being in congruence with the population against homosexuality. It would therefore be wrong to gang the youth who demonstrated against corruption and the corrupt as being pons for the homosexuality movement in the West and its small link in Uganda.
Mudslides kill at least 230 Ethiopia as unknown number of people are reported still missing
Many victims were buried on Monday as rescue workers searched the steep terrain for survivors of another mudslide the previous day. Markos Melese, director of the disaster response agency in Gofa Zone, said many rescuers remained missing.
Ugandan youth take a cue from neighbouring Kenya, attempt to storm parliament to flush out corrupt MPs
The protests were organised by Ugandans who hope to emulate efforts by people in neighbouring Kenya, where demonstrations recently forced the President William Ruto to dismiss almost his entire cabinet after widespread opposition to a proposal to impose new taxes.
From Kenya to Uganda: Outraged African youth to turn social media to put corrupt regimes to the sword
One beneficial aspect of social media is its ability to spark outrage and incite change within the people, affecting the democratic state of a country as is currently happening in the East African nation of Kenya right now. When this happens, traditional politics does not come in. Nor does one need to evoke foreigners as the cause. However, the spread of misinformation is a digital crisis as the misinformation spreads quickly and widely. The powers that be must be well equipped to confront this not by guns but by brains to correct the impression created by misinformation.
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...
