Tog-Wajaale (WDN)- A fire has engulfed the main market in the bustling commercial city of Tog-Wajale, situated on the border between Ethiopia and Somaliland. The fire reportedly began around 7:30 pm in the evening and, still continues to rage, having not yet been brought under control. This destructive blaze has consumed a significant portion of...
NAIROBI, Kenya (AP) — Kenya’s president is wooing American tech companies, promising a business-friendly environment — even though he has raised taxes on businesses at home. President William Ruto made the appeal in an address to leading U.S. technology companies and investors on Friday in San Francisco, highlighting investment opportunities in his country and lauding...
GDP share of the six new members, being added to the five-member BRICS grouping of emerging economies from January, will be just 11 per cent, with Saudi Arabia’s contribution the highest at 4 per cent, an analysis shows. The proposed addition of Argentina, Egypt, Ethiopia, Iran, Saudi Arabia and the United Arab Emirates to the...
NAIROBI, KENYA — Much of Kenya awoke Saturday morning to find it was still without electricity after an unexplained power outage Friday night shut down the country’s main international airport and led to a rare public apology by a government minister. Major hospitals and even the president’s office compound were affected. “I am really sorry...
If the proposals in the bill are approved, the authorities will have unfettered access to private communications of suspects in efforts to tame money laundering and financing of terrorism. “Where a person is suspected or accused of an offence under this Act, the privacy of a person’s communications may be investigated or otherwise interfered with,”...
Johannesburg, South Africa – Saudi Arabia and Iran are among six countries to join BRICS as new members next year, South African President Cyril Ramaphosa has announced, on the final day of a summit of the group that considers itself a counterweight to Western powers. The group encompassing five major emerging economies – China, Brazil, South...
JOHANNESBURG (Reuters) – An expansion of the BRICS bloc under consideration at a summit this week has attracted a motley crew of potential candidates – from Iran to Argentina – with one thing in common: a desire to level a global playing field many consider rigged against them. The list of grievances is long. Abusive trade practices....
The Central Bank of Kenya (CBK) has left its benchmark lending rate unchanged at 10.5 percent with inflation having retreated last month. On Wednesday the apex bank noted inflationary pressure had further eased with core inflation — non-food, non-fuel inflation declining. While the rate of inflation returned to the government’s target range of 2.5 to...
NAIROBI, Kenya, APO Group- East Africa will register the highest regional economic performance on the continent in 2023 and 2024, with growth figures at over 5%, according to the newly published African Development Bank (www.AfDB.org) 2023 East Africa Economic Outlook. The report, launched on Thursday 27 July, projects mid-term economic growth in the region to...
Kenya has granted Ethiopian Airlines more flights into Mombasa alongside Fly Dubai in what is set to upset national carrier Kenya Airways, which has been lobbying the government to deny them approvals. The Transport ministry, which is now implementing the open skies policy, says it has allowed Ethiopian Airlines to fly twice directly into Mombasa...