Godwin Emefiele (Right) appeared in court on Tuesday Nigeria's once-powerful central bank chief has been charged with illegally owning a shotgun and hundreds of cartridges, marking a spectacular fall for a man who has long been at the centre of the nation's politics and finances. Godwin Emefiele appeared in court
Read MorePolitical Economy
By Christopher Burke, Managing Director, WMC Africa Invented less than a century ago, plastic is today ubiquitous in all walks of life around the world. Plastic is inexpensive, durable and convenient. According to a 2018 United Nations Environment Programme (UNEP) report, East Africa consumed approximately 300,000 tons of plastic annually.
Read MoreIMF Boss Visits Rwanda, Impressed By Country’s Climate Change Initiatives & Innovative Entrepreneurs
The International Monetary Fund (IMF) Managing Director Kristalina Georgieva (pictured) recently visited Rwanda. The IMF boss issued the following statement today in Kigali at the conclusion of her visit to Rwanda: “I wish to thank H.E President Kagame, Prime Minister Édouard Ngirente, Minister of Finance and National Planning Uzziel Ndagijimana, Minister of Environment Jeanne
Read MorePresident Willam Ruto during the commissioning of Thiba dam in Kirinyaga county on October 15, 2022. Dr Ruto accused Azimio la Umoja leader Raila Odinga and former President Uhuru Kenyatta of sabotaging the economy and blamed them for the rise in the cost of living/Joseph Kanyi | Nation Media Group Kenya’s President William Ruto has announced to Kenyans that
Read MoreUS President Joe Biden (R) meets with his Kenyan counterpart Uhuru Kenyatta in the Oval Office at the White House in Washington, DC, on October 14, 2021. PHOTO | AFP The Biden administration on Thursday launched a fresh strategic trade and investment partnership with Kenya, replacing an agreement ex-President Donald
Read MoreKenya Abandons Plans To Issue Shs3.6 Trillion Eurobond, Resorts To Borrowing From Local Banks
National Treasury Cabinet Secretary Ukur Yatani. He has said Kenya will go for syndicated loans from banks that would lend it at cheaper rates. Kenya has backed down from issuing a UShs3.6 trillion Eurobond after it attracted yields double the six per cent it borrowed last year on the backdrop of
Read MoreAfrica’s Recovery Remains Uneven, More Resources Are Needed -African Dev’t Bank Report
President Akinwumi Adesina An African Development Bank report released Thursday shows that the institution was pivotal in 2021, delivering timely investments that are helping millions of Africans overcome the unprecedented challenges caused by the Covid-19 pandemic. Published annually for the past 12 years, the Annual Development Effectiveness Review
Read MoreUhuru: Magufuli Taught Africa It Could Survive Without Foreign Aid
President Uhuru Kenyatta signs the obituary guest book at the Tanzania High Commission when he paid his respects to the late former President Dr John Pombe Magufuli. Kenya President Uhuru Kenyatta has said President John Pombe Magufuli showed Africa it could do without foreign aid from donors in developed countries.
Read MoreUS Secretary of State Anthony Blinken/Bloomberg Two United States Senators have written to the Secretary of State Antony Blinken seeking detailed information about US Policy on Uganda.Senators Cory Booker and Jim Risch who are both members of the U.S. Senate Committee on Foreign Relations expressed concern about the state of
Read MoreThe president will now be referred to as Yoweri Tibuhaburwa Kaguta Museveni Uganda’s President, known publicly as Yoweri Kaguta Museveni, has officially changed his names, to include his childhood name, Tibuhaburwa. The name, which is in his Runyankore mother tongue, can be translated as "he who cannot take advice or
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