SUB-SAHARAN AFRICA FACES HUGE DEBT BURDEN, DEFAULT RISK HEIGHTENED

SUB-SAHARAN AFRICA FACES HUGE DEBT BURDEN, DEFAULT RISK HEIGHTENED

Faith Nyasuguta  Sub-Saharan’ African nations are facing an immediate risk of defaulting on their loans in the coming monthsfollowing a combination of increasing debt servicing costs, high borrowing, rising import costs and higher inflationary pressures tied to the continued appreciation of the dollar. The looming defaults could undermine prospects of a full economic recovery from the pandemic as economic […]

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 KAGAME HELPS ZIMBABWE GET $800M FOR RURAL ELECTRIFICATION

KAGAME HELPS ZIMBABWE GET $800M FOR RURAL ELECTRIFICATION

Faith Nyasuguta  Rwandan head of state Paul Kagame has aided Zimbabwe secure $800 million for a rural electrification programme in a bid to end the country’s perennial power shortages, President Emmerson Mnangagwa has disclosed. Speaking to the ruling Zanu PF party during a rally at the weekend,  President Mnangagwa noted that President Kagame will visit Zimbabwe this month to […]

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 CHINA SLAPS KENYA $10M FINE FOR STANDARD GAUGE RAILWAY(SGR) LOANS DEFAULT

CHINA SLAPS KENYA $10M FINE FOR STANDARD GAUGE RAILWAY(SGR) LOANS DEFAULT

Faith Nyasuguta Kenya is reported to have defaulted on repayment of the Chinese loans provided to build the standard gauge railway (SGR), reviving the nation’s struggles with the ballooning public debt. In the year ending June, the Chinese financial institutions fined Kenya Ksh1.312 billion ($10.8 million) for loan defaults, according to Treasury documents seen by the […]

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 A RARE AFRICAN TRADITION: THE BLESSING IN THE MAASAI SPIT

A RARE AFRICAN TRADITION: THE BLESSING IN THE MAASAI SPIT

Faith Nyasuguta  In several cultures, spitting results from  irritation, disregard or disagreement. This, however, is the opposite among the Maasai tribe of Kenya and northern Tanzania. Despite this tribe making only about 1% of the population, they are internationally recognised and have become a tourist attraction. Their unique cultural practices and authentic way of life has been featured in […]

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 ETHIOPIAN GOVERNMENT ACCEPTS AFRICAN UNION INVITE TO PEACE TALKS

ETHIOPIAN GOVERNMENT ACCEPTS AFRICAN UNION INVITE TO PEACE TALKS

Faith Nyasuguta  On Wednesday, Ethiopia’s government said it has accepted an African Union invitation to hold peace talks with Tigrayan rebels after about two years of brutal war in the Tigray area of the nation.  According to Prime Minister Abiy Ahmed’s national security adviser Redwan Hussein,  the state had “accepted this invitation which is in line with our […]

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 ANOTHER UGANDAN HEALTH WORKER DIES OF EBOLA

ANOTHER UGANDAN HEALTH WORKER DIES OF EBOLA

Renson Mwakandana According to the Health Ministry, one additional health worker in Uganda has passed away from the Ebola Virus Disease (EVD) as the nation fights to stop the virus’s spread. Anaesthetic officer Margaret Nabisubi passed away on Wednesday, according to Health Minister Jane Ruth Aceng. Dr. Aceng sent a tweet saying, “The 58-year-old succumbed to Ebola […]

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 MILLIONS OF SUDANESE CHILDREN MISS SCHOOL AMID ‘GENERAL CATASTROPHE’

MILLIONS OF SUDANESE CHILDREN MISS SCHOOL AMID ‘GENERAL CATASTROPHE’

Faith Nyasuguta Almost every school-age child in Sudan is missing out on education, either completely or facing serious disruption, humanitarian organisations have cautioned. This week, schools in some regions reopened after delays due to severe flooding yet millions of children are still unable to go, leaving the nation facing a “generational catastrophe”. Poverty, a lack of qualified teachers […]

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 KENYA OKAYS GENETICALLY MODIFIED FOODS, UNLOCKS BILLIONS

KENYA OKAYS GENETICALLY MODIFIED FOODS, UNLOCKS BILLIONS

Faith Nyasuguta  Kenya has unlocked billions for firms investing in the genetically modified organisms (GMO) industry after it gave a nod to the farming and importation of biotechnology crops in a major policy shift that seeks to boost food security and contain runaway prices. On Monday, President William Ruto chaired a Cabinet meeting that lifted the 2012 moratorium […]

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