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I hold MA (Multimedia Journalism) & Msc (Financial Economics) with more than a decade experience in writing, editing and research, covering entire Africa.
Portfolio
African Banking Corporation Bank gets rating upgrade
The Global Credit Rating Company upgraded African Banking Corporation (ABC Bank)'s national scale short term rating to A2 (KE) from A3 (KE) and affirmed the long term rating of BBB (KE) with a stable outlook. The ratings are valid until October 2015. Group Managing Director Shamaz Savani attributes this to the bank's moderate risk profile, business growth, balance sheet efficiency, non-performing loans recovery, cost control, and the success of a private bond issue in May which was over-subscribed by 57%.
Global South's era for fair governance has come
The COP27 conference in Sharm El-Sheikh highlighted the Global South's frustration with the developed world's stalling tactics on climate action. Developing countries demanded serious attention to Loss and Damage, emphasizing the disproportionate impact of climate change on regions like Africa, which contribute minimally to global pollution. The conference concluded with a historic decision to establish a Loss and Damage fund, marking a significant step towards addressing climate-related disasters in vulnerable nations. This development underscores the growing influence of the Global South in global governance and cooperation.
Ruto meets UK's Sunak in Egypt climate conference
The United Kingdom, under Prime Minister Rishi Sunak, plans to fast-track green investments in Kenya, including projects like the Malindi Solar Expansion and Menengai Geothermal. During bilateral talks at COP27 in Egypt, Sunak committed Sh2 billion to a new guarantee company to unlock Sh12 billion in climate finance for Kenya. He also pledged support for regional peace and security. President William Ruto emphasized Kenya's commitment to cooperation with the UK in various sectors and highlighted an agreement with Fortescue Future Industries to develop affordable green fertilizer. The African Development Bank also committed to supporting Kenya's clean energy projects.
Africa’s neutrality over Ukraine justified
African countries maintain a neutral stance on the Ukraine-Russia conflict, prioritizing their own interests despite Western criticism. The article argues that Western media unfairly portrays Africa's position, attributing it to Russian influence. It highlights the economic impact of the conflict on Africa and criticizes Western media for bias and hypocrisy. South Africa's President Cyril Ramaphosa is commended for his neutral stance, which positions him to mediate the conflict. The article calls for Western media to return to objective reporting.
Western media's toxic sports censorship quells inspiration
The article celebrates Beijing's successful hosting of the 2022 Winter Olympics, highlighting China's achievements in organizing the event amidst criticism and diplomatic boycotts from Western nations. It emphasizes China's commitment to climate change through eco-friendly technologies and criticizes Western media for politicizing sports. The text advocates for sports to remain free of political influence and praises China's resilience and capability in hosting the games, suggesting a shift in global power dynamics.
China’s influence on African work ethic gives it an edge
Labor productivity in Africa has historically been low, leading to poverty despite abundant resources. Traditional organizational practices and limited female leadership have hindered progress. However, the influence of China is transforming work culture in Africa, introducing 24-hour economies and division of labor, which have increased productivity and employment. This shift is not limited to Chinese firms but is also being adopted by local and Western organizations. The cooperation between China and Africa is seen as a positive force for economic development.
Sh200 billion tenders in store for youths, women and the disabled - Ruto
Deputy President William Ruto announced that tenders worth over Sh200 billion are allocated for youths, women, and the disabled this financial year, significantly higher than the previous year. The government plans to provide bursaries and loans to students in technical colleges and universities, and offer paid internships starting next year. Ruto emphasized the need for young people to actively seek opportunities and contribute to Kenya's development. Public Service Cabinet Secretary Margaret Kobia and other leaders echoed the importance of youth involvement in the government's Big Four agenda and called for easier access to project funding.
Kenya's under fire journalists refuse to be cowed
Kenyan journalists face increasing intimidation and harassment, with arrests and charges under vague laws. The government denies suppressing media freedom, but critics argue that state pressure and reliance on government advertising compromise journalistic integrity. High-profile journalists have been fired or resigned due to government influence, and some have set up independent investigative outfits. Despite the challenges, many journalists remain determined to continue their work.
On the campaign trail with Lowassa: "It is my turn to lead Tanzania"
Edward Lowassa, a former Prime Minister of Tanzania, is leading the opposition alliance Ukawa in the upcoming elections, bringing newfound optimism to the campaign. Despite his past involvement in a corruption scandal, Lowassa has garnered significant support, particularly among the youth and less educated population. The ruling party, Chama Cha Mapinduzi (CCM), remains strong, especially in rural areas, with John Magufuli as their candidate. The election is expected to be the closest in Tanzania's history, with both sides showing strong support bases. Lowassa's campaign focuses on change, fighting corruption, and implementing a new constitution.
This piece is about the challenges businesses in Kenya, Rwanda, Tanzania, Uganda and Burundi face despite the launch of the East African Community Customs Union and the East African Community Common Market Protocol, which effectively ushered in the free flow of goods and services within the five-member trading bloc.
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