Is it the time for an African at the helm of the World Trade Organisation ?
So the WTO needs a new director-general to succeed Roberto Azevêdo, who announced resignation last weekend. Who will replace him? After a Brazilian, a Frenchman (Pascal Lamy), a Thai (Supachai Panitchpakdi) and a New Zealander (Mike Moore), the Africans think it’s their turn and have a summit scheduled for July to sound out candidates. Some frontrunners More...
Kenya closes borders to Tanzania and Somalia over coronavirus
Reuters: Kenya’s President Uhuru Kenyatta on Saturday banned movement across the country’s borders with Tanzania and Somalia to help curb the spread of the coronavirus. He exempted cargo trucks but said drivers More...
Kenya eschews G20 debt relief initiative over restrictive terms
Kenya will not seek a suspension of debt payments under a G20 initiative aimed at helping poor countries weather the COVID-19 pandemic, its finance minister said on Friday, saying the terms of the deal were too More...
Kenya bears the brunt as floods devastate east Africa
Torrential rains have triggered devastating floods and landslides across East Africa in recent weeks, aggravating an already challenging situation as countries in the region battle the coronavirus pandemic. The More...
Moody’s Changes Outlook on Kenya’s Rating to Negative from Stable
FAR Moody’s Investors Service, on Thursday changed the outlook on the Government of Kenya’s ratings to negative from stable. Concurrently, Moody’s has affirmed Kenya’s B2 issuer and senior unsecured More...
IMF approves $739 million emergency loan for Kenya
AFP The IMF on Wednesday approved a $739 million emergency loan for Kenya and $491.5 million for Uganda, as the East African countries deal with the coronavirus pandemic. Both face severe economic shocks amid efforts More...
Kenya floods kill 194 people, displace tens of thousands
Aljazeera Floods and landslides caused by heavy rain in Kenya have killed nearly 200 people, displaced 100,000 and strained critical infrastructure, officials said on Wednesday. The heavy rain, which accelerated More...
Tullow Oil exit from East Africa almost complete
Nation Tullow Oil’s exit from East Africa is gathering steam after the firm signed a deal to sell all its assets in Uganda. In an announcement made Thursday, Tullow said it’s transferring its assets for Lake More...
We are much more than the remittance’ – Kenya Diaspora
Kenyans in the Diaspora ‘those of the remittance’ are constantly reminded of their patriotic duty to support Kenya’s economic development by way of sending money (remittance) More...
Mike Sonko who is being probed for graft distributes Alcohol to vulnerable Nairobians
The governor of Nairobi, Kenya was blasted on social media after announcing his plans to include “small bottles of Hennessy” in food packs being distributed to the city’s poor families amid the coronavirus More...
