Kigali, Rwanda | Xinhua | Young people in Africa have been challenged to take up leadership positions and actively play their role in the continent’s development agenda. The remarks were made by various speakers at the opening of the YouthConnekt Africa Summit which began Thursday in Rwanda’s capital of Kigali. The …
Read More »AU mission develops guidelines to help Somali police combat crime
Mogadishu, Somalia | Xinhua | African Union Transition Mission in Somalia (ATMIS) said Thursday its police component has developed guidelines to assist the Somali Police Force (SPF) in implementing community policing initiatives on combating crime. ATMIS Deputy Coordinator of Police Reforms Alex Ndili, said the standard operating procedures (SOPs) for community …
Read More »Kenya moves to curb fast expansion of external debt as shilling falls
Nairobi, Kenya | Xinhua | Kenya has moved to diversify the currency composition of its external debt to curb its faster expansion as the local currency, the shilling, fast loses ground against major international currencies, according to the National Treasury. The shilling has declined nearly 8 percent against the dollar year-to-date, …
Read More »Uganda again abstains in UN vote against Russia
New York, US | Rédaction Africanews & AFP | The UN General Assembly on Wednesday condemned Russia’s “illegal annexations” of Ukrainian territory after Moscow vetoed a similar text in the Security Council in late September. Twenty-six African countries voted in favor of the resolution rejecting Moscow’s controversial referenda in four Ukrainian …
Read More »Kenya buys half of August sugar from Uganda
Nairobi, Kenya | GERALD ANDAE – BUSINESS DAILY | Kenya bought half of its imported sugar from Uganda in August, making Nairobi a leading destination for Kampala’s exports during the month. Data from the Sugar Directorate shows that Uganda exported 9,739 tonnes of sugar worth Sh1.3 billion, accounting for 56 percent …
Read More »African ministers commit to developing roadmap to boost food security
Nairobi, Kenya | Xinhua | Eight African ministers from the Horn of African region have vowed to develop a comprehensive roadmap to help boost food security amid a looming famine in some countries, a regional bloc said Tuesday. “The failure of four consecutive rainfall seasons over the last three years has …
Read More »ZIMBABWE: Baby powders containing asbestos ordered to be removed from shelves
Harare, Zimbabwe | Xinhua | Zimbabwean health authorities have ordered the removal of certain baby powders from retail shops following their recalling by their South African distributor after it was discovered that they contained high levels of asbestos. A letter date-stamped on Oct. 10 from the Permanent Secretary of Ministry of …
Read More »Kenya joins East Africa states in separating mobile money from telecom operations
Nairobi, Kenya | Xinhua | Kenya’s apex bank on Tuesday announced the successful separation of telecommunications and mobile money business of the country’s second-largest telecom, Airtel Kenya, a first in the east African nation. The Central Bank of Kenya (CBK) said it had welcomed the milestone done by Airtel Networks Kenya …
Read More »Tugende closes pre-Series B funding raising a total USD 10 million in equity and debt transactions
Kampala, Uganda | THE INDEPENDENT | Tugende, the innovative fintech platform for MSME credit and asset-financing in East Africa, closed in Q2 pre-Series B equity funding from existing shareholders led by Partech and two new investors, including Women’s World Banking. The new investors add to the diversity of Tugende’s shareholding …
Read More »Africa hauls in a record VC investment, despite a global funding squeeze
Africa startups have defied a slump in global venture capital funding, raking in a record US$ 4 billion in the nine months ending September, just US$ 500 million short of surpassing its total 2021 haul SPECIAL FEATURE | BIRD STORY AGENCY | Africa’s VC scene remained resilient in spite of …
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