The Kenyan shilling strengthened, the Eurobond rallied and the stock market remained cagey after the Supreme Court upheld President Uhuru Kenyatta’s win on Monday morning. Reuters quoted the shilling at 103.60/80 per dollar after the unanimous verdict was delivered, from 103.80/90, where it was trading earlier. Analysts say that the
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Kenya’s Supreme Court on Monday unanimously upheld the re-election of President Uhuru Kenyatta in last month’s repeat presidential vote, paving the way for him to be sworn in next week. Chief Justice David Maraga said all six judges dismissed the two legal challenges to the vote, but the opposition NASA
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By Bunmi Oloruntoba Considered the “Nobel Prize of agriculture,” the World Food Prize is awarded each year for a specific and exceptionally significant contribution to the production or distribution of food. This year, the prize was awarded to Akinwumi Adesina, a former Nigerian agriculture minister - and currently the president
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Mobile phone subscribers especially on the MTN and Airtel network in some parts of Uganda have complained of being charged unusual extra money off airtime scratch cards. For example, a Shs500 card is now sold at Shs600 while a Shs1, 000 card is sold at Shs1200. Airtime agents say telecom
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Kenya’s payment to Uganda for electricity imports more than tripled to KSh3.5 billion (UShs122.9bn) in the first eight months of the year, driven by a higher tariff and increased purchases from Kampala, reports the Daily Nation. Nairobi is now feeling the pain of a higher tariffs pact the two countries
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For 37 years, Robert Mugabe withstood challenges to his rule from former allies, from sanctions, from the opposition that nearly toppled him in the 2008 election. Today, it appears he has finally lost his grip on power, undone in part by the actions of his wife, first lady Grace Mugabe.
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The Zimbabwe Defense Forces Wednesday seized power in Zimbabwe after a week of confrontation with President Robert Mugabe’s government and said the action was needed to stave off violent conflict in the southern African nation that he’s ruled since 1980. But how has the country progressed since it got independence?
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By Livingstone Mukasa When it comes to issues of business and finance, I consider myself above average. Actually my friends, students and mentees coined a moniker “The People’s Professor” for me for sharing candidly about matters related to money and finance. But I have to admit that I have struggled
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Fear of competition from foreign entrants caused Nakumatt Supermarket to divert billions of shillings into a rapid expansion in a bid to lock them out of strategic locations, reports the Standard. In an interview with an insider, news of entry of new players caused panic within top management of Nakumatt,
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Maize farmers in Uganda have suffered price fluctuations season after season. There are times a kilogram of maize grain goes below Shs500, leaving many farmers in losses. Currently, a kilogram of maize grain in Uganda is averaging Shs700. While we are in a free market economy where prices are determined
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