Ushahidi launches a crowdsourced campaign to monitor the US election
Ahead of U.S.A elections on 8th November, Kenyan based software company Ushahidi has for the second time launched a crowd-sourced campaign to keep tabs on any irregularities that might happen during the elections. [...]
Egypt Central Bank Devalues Currency by 48%
Egyptian Central Bank on Thursday devalued the country's currency by 48 percent in order to comply with the demands from International Monetary Fund in exchange for a $13 Billion loan for a period of [...]Indian Govt to Use Mpesa to pay social security pensions
Vodafone India is pioneering a mobile money scheme allowing the state to pay social security pensions directly to an M-Pesa account across remote villages in the north of the country. [...]Blackberry quits phone making business
Blackberry has officially quit the phone making business 14 years after releasing its first product. A statement released by the company confirmed the development. Blackberry’s manufacture of hardware, henceforth, will be [...]OPEC Agrees to Cut Oil Output for the first time since 2008
OPEC on Wednesday reached a preliminary deal that will cut production for the first time in eight years. The cartel agreed to drop production to a range of 32.5 to 33 million barrels per day, [...]Ahead of G20 Summit, west abandons free market in face of Chinese threat
International creditors are on a tour of the Middle East and North Africa, preaching that the keys for development and prosperity are the implementation of free market liberalisation that will [...]China Questions if Japan has Ability to Fulfil Ticad Promises
China's Vice-Minister for Foreign Affairs Mr Zhang Ming has questioned Japan's ability to fulfil the promises made during the just ended Tokyo International Conference on African Development (Ticad) summit held in Nairobi [...]The real life hero from The Big Short' dumped Apple and bought Alphabet
The real-life hero from “The Big Short,” Dr. Michael Burry, the founder of hedge fund Scion Asset Management, just filed the stocks he’s been buying and selling. According to his [...]Berkshire raises stake in Apple by 55%, cuts Wal-Mart stake by 27.2%
Warren Buffett's multi-billion-dollar conglomerate Berkshire Hathaway increased its stake in Apple by 55 percent as of June 30. Berkshire owned 15.23 million Apple shares worth US$1.46 billion as of June 30, [...]Best-Paid CEOs Run Some of Worst-Performing Companies
The best-paid CEOs tend to run some of the worst-performing companies and vice versa—even when pay and performance are measured over the course of many years, according to a new [...]Arab states will struggle to reduce youth unemployment
State dominance and high birth rates undermine regional states' ability to create enough jobs for the young. The Middle East and North Africa (MENA) faces a youth bulge at a [...]External shocks accentuate Central Asian weaknesses
Frontier Markets Update Governments muddled along through stagnation, but have been confounded by low oil prices and a malfunctioning Russia. The five Central Asian states were ill-prepared to deal with [...]
