IATA Warns of Capacity Crunch as Air Travel Picks up
Airports could be fast approaching infrastructure capacity crunch that would restrict connectivity and choice for passengers and businesses, International Air Transport Association (IATA) has warned. “Despite the current global political [...]
UAE Invites United Nations to Investigate Attack on Diplomat's Residence in Sudan, as Conflict Escalates
The United Arab Emirates (UAE) has insisted that the Sudanese army attacked its ambassador's residence in Khartoum and caused extensive damage to the building and surrounding area. Al Jaberi, who [...]
What Happens When a Startup Collapses?
Startups are precarious enterprises because they rely on equity funds and debts sourced from hawk-eyed investors. While many ideas are brilliant, implementing them remains a pipe dream. Either because they [...]UAE Diplomat's Residence Attacked in Sudan
The United Arab Emirates (UAE) has condemned an attack on its diplomat's residence in Khartoum, after a Sudanese army aircraft attacked the building in what Abu Dhabi termed a cowardly [...]Libya to Resume Oil Exports after Resolving Central Bank Crisis
The United Nations Support Mission in Libya (UNSMIL) announced a consensual appointment of the Central Bank of Libya (CBL) acting governor, deputy governor and the Board of Directors. Last month, [...]US Fed Interest Rate Cuts Weighs on Dollar, Gold Stable as Oil Edges Lower
The US Dollar, as measured by the DXY Index, extended losses on Thursday to trade below the 101 mark, amid expectations that the Fed will deliver more interest cuts in [...]HSBC to Exit South Africa in Deals with Absa, FirstRand
Multinational British lender HSBC Holdings has agreed to transfer its South African business to FirstRand and Absa in separate deals as it continues to pivot towards Asia. “Following a strategic [...]US Leads Financing for Angola-Zambia Railway ahead of Biden Visit in October
Angola and Zambia have signed a concession agreement with the Africa Finance Corporation (AFC) for the infrastructure solutions provider to connect railway lines in both countries, in a deal that [...]Panic Grips Kenyans in Lebanon as Middle East Conflict Escalates
More than 26,000 Kenyans living and working in Lebanon are likely to remain stranded in the country if a full-scale war with Israel erupts, especially after recent escalations. Israel is [...]Meta, Facebook, Can Be Sued in Kenya, Court Rules in Moderator Controversy
A civil application by American tech giant, Meta, was recently dismissed in a ruling by the Court of Appeal, affirming the decision of a lower court that the company can [...]Kenya, 142 Countries Recommit to Global Deal on Fossil Fuels-UNGA
Kenya and 142 other countries have voted for the adoption of the United Nations (UN) PACT for the Future, with UN Security Council member Russia, Belarus, and Iran voting against. [...]Why US Fed's 0.5% Interest Rate Cut Matters to Markets like Kenya
The US Federal Reserve has cut rates by 0.50% the first cut in four years to the range of 4.75% to 5.00%, marking the beginning of an era [...]
