With US dollar forecast to weaken in 2024, countries with hefty debts like Kenya, Tunisia expected to manage repayment
Kenya, Tunisia and Egypt have significant maturities due in 2024. Kenya plans to buy back up to a quarter of its $2 billion bond, due in June, with the help of loans from the Trade & Development Bank and the African Export-Import Bank.
Uganda’s politically burdened judiciary is a slave of the executive and incapable of serving justice
Indeed political interference in judicial processes has been the rule rather than the exception. By the Constitution assigning the power of appointment and approval to the president of Uganda, it created a straight avenue for the Executive to interfere in the workings of the judiciary.
German Covid vaccine giant BioNTech unveils plans to set up factory in Rwanda in 2025
Rival Moderna in March this year unveiled plans to establish an mRNA manufacturing facility in Kenya, which would be its first such facility in Africa.
Kenya’s competition authority fines Carrefour franchisee $7.2m for abuse of buyer power
The penalty is the biggest ever handed out by the Competition Authority of Kenya, the regulator said.
While Kenyan president is upbeat about the economy, local currency is in turbulence
Kenya’s shilling is seen slipping on increased foreign-currency demand from the manufacturing sector and as Kenyans living abroad ask for higher exchange rates to part with their dollars.
While Kenyans and Tanzanians never allow refugees to fiddle in politics, Ugandans are enduring oppressive alien authority
I was in Tanzania for 10 years and in Kenya for 10 years. In Tanzania I was originally a student of zoology, botany with development studies at the University of Dar-es-Salaam in the very early 1970s. I just missed interacting with President Tibuhaburwa Museveni. He had left the university in...
Kenya looks to lower deficit in current financial year, high-ranking Treasury official says
The tighter monetary stance will work, Finance Minister Njuguna Ndung’u told the same budget preparation forum, helping to stabilise the macroeconomic fundamentals.
DRC President Tshisekedi: If UN and EAC forces can’t tamp down rebels they should leave Congo
The military presence of the East African force was intended to complement a political process that also involved the regional bloc’s leadership. However, this political process has stalled amid mounting tension between the DRC and Rwanda. Accusations of Rwanda’s support for M23 remain a crucial point of discord between the two countries. Rwanda officially denies these accusations.
What happened: Unanswered questions as Kenyan contingent of EAC troops in DRC returns home
Ahead of the withdrawal, Kenyan Chief of Defence Forces (CDF), General Francis Ogalla, addressed Kenyan troops stationed at Kibumba forward operating base (FOB) in Goma and the Kibati logistics base in North Kivu’s Nyiragongo territory.
How abduction of Somali journalist in Mogadishu led to unearthing of cybercriminals in Wyoming, USA
When Qurium investigated, it eventually traced a source of the outage to a surprising place: Wyoming. Although Qurium said it wasn’t able to get to a lock on who pulled the trigger on the cyberattack, it did discover that the sabotage was carried out with the help of a limited liability company (LLC) based out of the vast western state.
