Climate Summit; USD $10 Billion SAFE Initiative Aims to Boost Food Security in Africa and the Middle East
While speaking at the ongoing Africa Climate Summit in Nairobi, former United Nations Secretary-General H.E. Ban Ki-moon has unveiled an ambitious collaborative $10 Billion initiative with the potential to drive [...]
Climate Summit: Credit Rating Agencies ‘destroying African economies’ Leaders
Credit rating agencies and multilateral lending institutions came under fire over their business practices at the Africa Climate Summit (ACS). Sudanese-British billionaire businessman Mohammed Ibrahim and Kenya President William Ruto [...]
Climate Summit: Leaders Call for Valuation of Africa’s Natural Resources
Africa is calling for fair treatment in the face of climate crisis affecting many livelihoods in the continent. On a global scale, the continent’s contribution to greenhouse gas emission is [...]Samasource Says Focus on AI Jobs Not Linked to Court Cases
Sama, a Global data annotation solutions firm has delinked the ongoing court cases touching on its business to its move from content moderation to computer vision and training data for [...]Smartphone Global Shipments to fall 4.7% to 1.15 Billion Units in 2023
Smartphone shipments Worldwide are expected to decline by 4.7% in 2023 to 1.15 billion units, the lowest volume in a decade, according to the latest forecast announced by International Data [...]
Kenya Shilling is 6th Worst Currency Performer in Africa
The Kenya Shilling is ranked the 6th worst-performing African currency this year, slumping by more than 15% against the US Dollar. At the close of forex trading yesterday, the Kenya [...]Kenya to Commence Avocado Exports to India In September
Kenya has received a go ahead to begin exporting avocado fruits to India this September when the first shipment is expected to be dispatched to the Asian Country. With opening [...]BRICS Summit: Kenya Pushes for Renegotiation of Debt Repayment Period
Kenya is pushing for renegotiation and suspension of loan repayment by a maximum period of 20 years. Delivering a statement at the 15th BRICS Summit in South Africa, Foreign and [...]Market Snapshots: Top Things To Know In The Global Markets This Week (7-11 August)
Last week, the Fitch credit rating agency downgraded US long-term debt from AAA to AA+ which stimulated a negative week for the Nasdaq 100, SP 500, and the DJIA 30 [...]
Moody’s Comments on Kenya’s Eurobond Buyback Plan ‘Speculative’ APRM
Moody’s Credit Rating Agency comments on Kenya’s planned buyback of its Eurobond debt as a default, has been dismissed as highly premature, speculative and damaging by the African Credit Rating [...]Kenya's Export Earnings From African Market Rise To Sh100.2B
Africa remains Kenya’s major export destination as latest figures from Kenya National Bureau of Statistics (KNBS) for the January to March period also on the contrary states that Kenya imports [...]East Africa To Register Highest Economic Growth in 2023/4
East Africa will register the highest regional economic performance on the continent in 2023 and 2024, with growth figures at over 5 percent, according to the newly published African Development [...]
