Moody’s upgrades Kenya’s sovereign credit rating to B3 on the back of decline in near-term debt default risk
The ratings agency further underscored Kenya’s stronger external liquidity, significantly higher foreign exchange reserves that stand at $12.2 billion, according to the Central Bank, and a narrower current account deficit.
Lake Victoria Basin city of Kisumu revs up for World Tourism Day coming up on September 27
The theme of this year`s World Tourism Day (WTD) is: Tourism and Sustainable Transformation. It emphasises the role of tourism in fostering economic growth while implementation practices that safeguard our environment, culture and communities for future generations.
Mozambique building southern Africa’s biggest electricity project in 50 that will cost $6 billion
Located 60 kilometres (37 miles) downstream from the even larger Cahora Bassa hydroelectric dam along the Zambezi River, the Mphanda Nkuwa plant is expected to generate 1,500 megawatts when it begins operations in 2031. That will help a region facing a 10,000-megawatt deficit that keeps millions from accessing power.
