Business Emerging Markets

Kenya, South Africa mulling plan to launch continental airline

Kenya Airways (KQ) and South African Airways (SA) are collaborating to form a pan-African airline, Zawya reports citing Kenyan Wall Street Exchange. Leaders of both countries namely William Ruto of Kenya and South Africa’s Cyril Ramaphosa are discussing the feasibility of the project. “We have agreed that that agreement should be progressed forward as it […]

Africa International

Opposition in Kenya questions spending $37mil on its troops sent to Congo

Kenya’s parliament has approved the deployment of nearly 1,000 troops to fight an insurgency in the east of the Democratic Republic of Congo (DRC) amid questions about the $37 million cost for the first six months of the mission. A parliament committee report says the funds will be spent on equipment, allowances, and operations for […]

Africa Headlines International

On COP-27 sidelines, Kenya-UK ink green investment program deal

A new multipurpose dam that will be built in Kitui and Tharaka Nithi counties in Kenya will cost about $3,5 billion following a deal signed by the country’s President William Ruto and British Prime Minister Rishi Sunak on Monday (7 November). The green investment programs — in energy, agriculture and transport — will become flagship […]

Business Finance

Kenyan MPs demand more details on secret $5bn railway loan deal with China

Some Kenyan lawmakers are demanding to see more documents from a secret $5bn loan agreement with a Chinese bank that financed a cross-country railway, with critics of the deal blaming the government of the day for having given too much legal authority to China. The 2011 agreement was shielded from public view until Kenya’s transport […]

Africa International

Former Kenyan leader Uhuru Kenyatta appointed to mediate crisis in Eastern DRC

The leaders of East African Community, EAC, have appointed former Kenyan leader Uhuru Kenyatta to broker political negotiations to end the security crisis in the eastern Democratic Republic of Congo (DRC), where the army is facing some 100 armed groups. The appointment came during a high-level meeting on the sideline of ongoing COP27 in Egypt. […]

Africa International

Ethiopian gov’t, Tigray forces open new round of peace talks, establish hotline

Ethiopia’s government and Tigray regional representatives began a new round of talks Monday (7 November) to work out military and other details of last week’s signing of a “permanent” cessation of hostilities in a two-year conflict thought to have killed hundreds of thousands of people. Last week, the federal government and Tigray regional forces agreed […]

Culture Lifestyle

Pre-COP27 warning: Africa’s great migration at stake due to climate change

Changing weather patterns are wreaking havoc on East Africa’s wildlife and placing the region’s people at greater risk too. As the planet warms, the natural wonder and one of the greatest spectacles of animal migration on earth — hundreds of thousands of wild animals making their annual trek from Tanzania’s Serengeti National Park into the […]

Africa International

DRC: Kenyan troops join regional military intervention against rebels

Kenyan President William Ruto announced Wednesday the deployment of Kenyan troops to the Democratic Republic of Congo (DRC) as part of a regional military intervention to support the Congolese regime against rebels operating in the east of the country. “As neighbors, the fate of the DRC is linked to ours,” President Ruto said in Nairobi. […]

Americas Asia International

Africans still see China favorably, but prefer US as global superpower — survey

China is still seen favorably by many in Africa, where it is vying for influence with Washington, though, worldwide, support for Beijing has undergone a sharp decline, a new global public opinion survey of people in 25 countries has revealed. The survey by the Britain-based YouGov-Cambridge Globalism Project that asked people about their opinions on […]

Business Emerging Markets

Resilience through tough times: East Africa’s economic recovery hindered by debt and deficits

The economies of East Africa face rather bleak prospects for growth this year because of the increasing risk of debt distress, widening fiscal and current deficits and limited economic diversification plans, according to the latest forecast by the African Development Bank (AfDB). The AfDB forecasts the region’s GDP at 4% this year, before recovering to […]