Monthly Archives: January 2022

South Sudan and Sudan discuss reopening of the Babanusa-Wau railway line

January 11, 2022 (KHARTOUM) – Costello Garang Ring Lual, South Sudan’s presidential advisor, discussed options in Khartoum to reopen the Babanusa-Wau Railway, which connects the two Sudans. The stretch between Babanusa from West Kordofan and Wau in the state of Upper Nile was fully rehabilitated by the United Nations and …

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Kenyan startup funding declined by Sh15 billion in 2021

Capital markets Kenyan startup funding declined by Sh15 billion in 2021 Wednesday January 12, 2022 The funding of Kenyan start-ups by international investors decreased by 15 billion shredders last year. FILE PHOTO | NMG From KEVIN ROTICHMore from this author summary Data from the American online platform Substack shows that …

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Delta aims to develop the blue economy in order to attract investment

From Adedapo Adesanya Delta State said that developing a blue economy in Nigeria will attract huge investments in the state, including in seaports, tourism, rail and road development, airport, agriculture, oil and gas, housing construction, among others. This will take place in the run-up to the Nigeria Blue Economy Stakeholders …

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Debt servicing, weak shilling reduces Kenya’s net foreign assets by 763 million

BY VICTOR JUMA Kenya‘s net international assets decreased $ 763 million in the year through September, the largest decrease ever, suggesting local financial institutions liquidated some of their overseas portfolios. The net external assets (NFA) refer to the total external assets of the banks and the Central Bank of Kenya …

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Peace and Development in the Horn of Africa: China’s Constructive Role

Kenyan President Uhuru Kenyatta (C) and the Chinese State Councilor and Foreign Minister Wang Yi (2nd R) at the Kipevu Kenya Oil Terminal in the port of Mombasa, Kenya, January 6, 2022. / CMG Kenyan President Uhuru Kenyatta (C) and the Chinese State Councilor and Foreign Minister Wang Yi (2nd …

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Sri Lanka calls for Chinese debt rescheduling due to collapsing economy

Sri Lanka’s foreign exchange reserves had dropped to just $ 1.5 billion by the end of November (file) Colombo: The ailing Sri Lanka tried in talks with guest foreign minister Wang Yi on Sunday to reschedule its enormous Chinese debt, the president’s office said. The island’s tourism-dependent economy has been …

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572 arrested during Interpol’s October operation – DCI

572 people were arrested in Kenya during Interpol’s month-long operation from October 1. A statement by the Directorate of Criminal Investigation (DCI) on Sunday 8 January indicated that the operation to combat illegal, unreported and unregulated fishing in Kenya’s inland waters and along the Kenyan coast was underway. According to …

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The Mombasa County government does not rule car dealers and tankers from the CBD

The government of Mombasa County has ordered the motor vehicle and petroleum tanker showrooms operated in the Central Business District (CBD) to relocate to a designated area on the mainland side in Jomvu subdistrict within 30 days. In a special announcement, Taufiq Balala, the district’s board of directors for transport, …

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Kenya and Uganda need dialogue on trade crisis, says EABC

By Zephania Ubwani Arusha. Business leaders in East Africa have called for an immediate end to the escalating trade blockade between Kenya and Uganda.You want the two neighboring countries to sit together and resolve all open questions amicably, instead of constantly arguing.“Retaliation is and should not be the ultimate solution,” …

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Mobile operator Telekom introduces the Mobile Money app

The South African mobile operator Telecom says his Kenyan operation has launched an app for its T-Kash mobile money product. The company announced in a press release on Tuesday (Jan. 4) that its app will be available in the Google, Huawei and Apple app stores, giving customers broader access to …

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