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.
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.
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.
Kenya’s president defends punitive economic plans as the East African nation marks 60th birthday
Recent attempts at reforms include a mandatory housing levy which courts struck down last month for being “discriminatory, irrational, arbitrary and against the constitution.”
Fake: Influential ‘Financial Times’ newspaper rubbishes story on US probe into Kenya Eurobond
In a November 30 post to X (archived), Sevastopulo also said the image was “a complete fake”, adding: “I did not write any story about Kenya.”
Conservationists upgrade ‘Large-toothed Robber’ fish in Kenya’s Lake Turkana to ‘vulnerable’ status
Also at risk is Atlantic Salmon, which swims in both freshwater and saltwater. It slid down a category from ‘Least Concern’ to ‘Near Threatened’ on evidence its global population fell by 23 per cent between 2006 and 2020, IUCN said. It cited mortality due to salmon lice from farms as well as the rise of invasive species as some of the factors.
Outstanding: Kenya’s Kipyegon and Kiptum among six sportsmen feted by World Athletics
Last year’s winner Duplantis, Assefa, Kiptum and Kipyegon set world records in their respective events in 2023, while all six World Athletes of the Year secured world titles or major marathon wins, World Athletics added.
Kenya Airways warns of disruptions in holiday season due to spare parts shortages
Kenya Airways, whose strategy hinges on connecting African travellers to the world and vice-versa through its Nairobi hub, operates a fleet of Boeing and Embraer planes.
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.
