NAIROBI, Kenya | Xinhua | The Kenya shilling strengthened against the U.S. dollar Friday to close the week at the 130 mark, the strongest level in about a year. The Central Bank of Kenya (CBK) quoted the local unit at 130.7 shillings against the dollar Friday, as the local currency …
Read More »East Africa launches strategic plan to boost insurance penetration
NAIROBI, KENYA | Xinhua | East African countries unveiled a strategic plan on Thursday aimed at increasing insurance penetration in the region. Kaddunabbi Ibrahim Lubega, Chairman of the East African Insurance Supervisors’ Association and CEO of the Insurance Regulatory Authority of Uganda, announced the plan in Nairobi, Kenya. Lubega said …
Read More »Former parliament speaker arrested on corruption, money laundering charges
CAPE TOWN, South Africa | Xinhua | South Africa’s former parliament speaker, Nosiviwe Mapisa-Nqakula, was arrested and charged with corruption on Thursday, a day after she resigned over graft allegations. National Prosecuting Authority (NPA) spokesperson Henry Mamothame confirmed that Mapisa-Nqakula was formally detained after handing herself over to police in Pretoria …
Read More »Speaker resigns amid corruption investigation
CAPE TOWN, South Africa | Xinhua | South African National Assembly Speaker Nosiviwe Mapisa-Nqakula resigned Wednesday amid investigations into corruption allegations against her. “Today, the 3rd of April, I have submitted to the Acting Speaker of the National Assembly, Hon. Lechesa Tsenoli, my letter of resignation as both the Speaker of …
Read More »Parliament speaker faces possible arrest after losing court bid
CAPE TOWN, SOUTH AFRICA | Xinhua | A South African high court on Tuesday dismissed an urgent application filed by National Assembly Speaker Nosiviwe Mapisa-Nqakula to interdict a possible arrest of her on corruption charges. The ruling, which clears the path for her potential arrest, marks a new setback for …
Read More »Egypt’s president sworn in for 3rd term in new capital
CAIRO | Xinhua | Abdel-Fattah al-Sisi took the constitutional oath on Tuesday as president of Egypt for a third consecutive term in office, serving until 2030, the state-run Nile TV reported. In an aired ceremony held at the headquarters of the Egyptian Parliament in the New Administrative Capital, Sisi vowed …
Read More »Africa is fueling India’s economic ambitions
Africa is becoming a crucial player in India’s ambitious quest for global economic dominance. Through strong trade investments, expanding diplomatic relations, and strategic military partnerships, India is making significant investments in the continent as part of its broader global economic strategy. SPECIAL REPORT | BIRD AGENCY | India is growing …
Read More »Uganda’s trade amidst changing global trends
Kampala, Uganda | THE INDEPENDENT | Several African countries are on the way to being declared middle-income economies, with the declaration of some coming sooner than Uganda’s, amidst major disruptions in global trade. These disruptions include the reorganization of trade routes and partnerships due to the geopolitical situations in Eastern Europe, …
Read More »Leading influential women in African politics
From heads of state like Samia Suluhu to influential diplomats like Bintou Keita, women are increasingly playing key roles in the continent’s politics and governance. From Ellen Johnson Sirleaf, the first democratically elected female president in Africa, to Fatma Samba Diouf Samoura, FIFA’s first female Secretary General, a new generation …
Read More »Heavy rains leave over 1,600 people homeless in southern Tanzania
DAR ES SALAAM, Tanzania | Xinhua | At least 1,660 people have been left homeless due to heavy rains that destroyed 699 houses in the Nachingwea district of the Lindi region in southern Tanzania, an official announced on Saturday. Mohamed Moyo, the Nachingwea district commissioner, said that some of the affected …
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