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...
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...
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...
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...
Kenya Diaspora Remittance up by 6.2% – The hand that keeps giving
Despite earlier projections of diaspora remittance decline by the World Bank, Kenyans in the Diaspora remittance rose by 6.2%, sending $707.3 million in the period between January to March 2020 compared to $665.8 More...
Kenya Society mourns long standing Member – Wangula Khasiani
Kenya community in the UK and Kenya Society are mourning the death of Mr Wangula Khasiani, who passed away in a London Hospital . He had been undergoing treatment for COVID 19. Our deepest sympathy, thoughts and More...
World Bank Predicts Sharpest Decline of Remittances in Recent History
Remittances to sub-Saharan African economies could fall by as much as 23.1% this year according to new World Bank estimates, due to the impact of the Coronavirus pandemic. Total flows could drop from $48bn in 2019 More...
