Kenya elected a non-permanent member of the UN Security Council

KENYA was elected to the UN Security Council on Thursday, defeating Djibouti for a seat designated for African countries. The run-off took place one day after elections to select five new non-permanent members to serve on the Council, based on regional groupings. Both Kenya and Djibouti had failed to secure the required two-thirds majority on Wednesday, More...

by admin | Published 4 months ago
By admin On Thursday, June 18th, 2020
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Financing Africa – The role of Africa Diaspora Remittance and Diaspora Savings

Financing Africa’s public and private sector projects has always been an expensive business, the outbreak of COVID 19 adds further strain to Africa’s access to finance in an already stretched environment. More...

By admin On Thursday, June 18th, 2020
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China to cancel debt of ‘relevant’ African countries due in 2020.

China hopes that the international community, especially developed countries and multilateral financial institutions, will act more forcefully on debt relief and suspension for Africa, President Xi Jinping said More...

By admin On Tuesday, June 9th, 2020
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Burundi’s President Pierre Nkurunziza dead

Burundi’s President Pierre Nkurunziza, aged 55, has died after suffering a cardiac arrest, the government says. He was admitted to hospital on Saturday after feeling unwell, his condition improved but on Monday More...

By admin On Monday, May 18th, 2020
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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) More...

By admin On Monday, May 18th, 2020
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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...

By admin On Friday, May 15th, 2020
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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...

By admin On Thursday, May 14th, 2020
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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...

By admin On Monday, May 11th, 2020
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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...

By admin On Thursday, May 7th, 2020
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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...

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