Africa Matters

Dollar shortage in Kenya sparks two parallel exchange rates

Summary The lobby reckons that the volatility in the exchange rate market has slowed dollar trading among lenders or interbank deals, further worsening the scarcity of the US currency. The shortage of dollars is triggering the emergence of parallel exchange rate that has seen lenders buying and selling well above the printed official rate, the manufacturers’ lobby has warned….

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African governments must do away with redundant regulation, support SMEs, farmers’ cooperatives- AGRA President

By DR. AGNES KALIBATA The food price crisis of 2007-2008, Covid-19, the Russia – Ukraine War, and climate change have exposed the fragility of food systems. The greatest risk lies in refusing to learn from lessons of the past.  At the start of 2022, we were already facing the prospect of a food crisis. Even before the first Russian…

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Kenyans Bid Farewell to Former President Kibaki

Kenya held a state funeral Friday for its third president, Mwai Kibaki, who died last week at the age of 90. Officials are hailing Kibaki for transforming Kenya’s economy and education. Kenyan President Uhuru Kenyatta led other African leaders and tens of thousands of Kenyans in paying last respects to Kibaki. “We are here not only to mourn an…

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Tanzania: Salaries will be raised, Samia assures workers

The Head of State states categorically that the government will increase public workers’ salaries in the not-too-distant future, and also outlines several measures being taken to ensure that retirees are paid their benefits without delay Dar es Salaam. President Samia Suluhu Hassan yesterday assured public sector workers that their salaries would be raised. She said, however, that the extent…

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China helps Africa bolster food security

More than 50,000 Africans got training and 23 agricultural demonstration centers built on the continent For Solomon Yokamo and his fellow students, the solution to feeding Africa’s growing population could be found in a plot of farmland about 400 kilometers southwest of Beijing. The Ethiopian, who is majoring in resources utilization and plant protection as a postgraduate student at…

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Dire impact from floods in South Sudan as new wet season looms

33 out of 79 counties have been badly affected by the flood waters, which have not significantly subsided since the last wet season  Flooding and displacement in South Sudan are expected to worsen when the wet season begins in around a month, the UN refugee agency, UNHCR, warned on Tuesday. “Urgent action is needed to protect already vulnerable populations…

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Uganda decries lack of funds to host refugees

Refugees and Disaster Preparedness Minister Hillary Onek told The EastAfrican that without more funding, the country could no longer afford to cater for the growing number of refugees. According to the UN High Commissioner for Refugees, the number of Congolese seeking refuge in Uganda from DRC has increased in recent months following renewed attacks by militia on civilian populations in eastern…

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Tanzania moves to shield itself from Ukraine war fallout

BoT says Tanzania is closely monitoring the situation in Eastern Europe so that the country can take appropriate measures to cushion the economy against the impact of tensions in that part of the world Tanzania is keeping a close eye on developments in Eastern Europe so that the country can take appropriate measures to cushion its economy against the…

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On verge of record drought, East Africa grapples with new climate normal

East Africa, and in particular, parts of Somalia, Djibouti, Ethiopia, and Kenya, are experiencing the driest conditions and hottest temperatures since satellite record-keeping began. As a result, as many as 13 million people are currently experiencing acute food and water shortages and a projected 25 million will face a similar fate by mid-2022. In November 2021, scientists at the Famine…

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Saudi Fund for Development Spotlights its Contributions to the Global Water Sector at the World Water Forum

SFD has financed 100 water projects worth — collectively — more than USD 2.7 billion Following its participation in the ninth edition of the World Water Forum — the world’s largest event on water — the Saudi Fund for Development (SFD) (www.SFD.gov.sa) has called on global leaders and organizations to work together to safeguard the future of the water…

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South Sudan: ‘hellish existence’ for women and girls, new UN report reveals

According to the UN Commission, sexual violence has been instrumentalized as a reward and entitlement for youth and men participating in conflict Widespread sexual violence against women and girls in conflict is being fueled by systemic impunity, the United Nations Commission on Human Rights in South Sudan said on Monday. The Commission’s new report, based on interviews conducted with victims…

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IMF Staff Completes 2022 Article IV Consultation Mission to Burundi

IMF staff held productive discussions with the authorities on the recent economic developments The Burundian economy recovered moderately in 2021 and is expected to strengthen further in 2022, despite the effects of the war in Ukraine. In the medium term, Burundi will continue to grapple with the challenges of balancing priority social, development and COVID-19-related spending with external and debt…

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Qatari Aid Arrives in Somalia to Tackle Drought

His Excellency also thanked the Embassy of the State of Qatar in Somalia for its efforts in facilitating the delivery of aid 45 tons of food baskets have arrived at Aden Adde International Airport in Mogadishu to tackle the drought in Somalia. The aid has been sent from Qatar Fund for Development and Qatar Charity, in cooperation with the…

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Tanzanian filmmaker emerges winner of Netflix competition

Summary By winning the competition with his film ‘African Folktales, Reimagined’ Mr Mzengi and five other winners will each receive $25,000 plus a production budget of $75,000 to create short films. Dar es Salaam. Tanzanian filmmaker Walter Mzengi has emerged among the top six winners of a short film competition organised by global streaming service company Netflix and United Nations…

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Africa cannot outsource its healthcare security to the benevolence of others, says ADB president Adesina

COTE D’LVOIRE, West Africa – African Development Bank Group (ADB) President Dr Akinwumi Adesina has said that the most important lesson of the Covid-19 pandemic for Africa is the need to build a defense mechanism against external shocks, especially in healthcare and financial security. The bank chief said the continent needed $484 billion over the next three years to…

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At the 35th Ordinary Africa Union Summit: Foreign Minister Kemayah Frowns On Hijacking of Power

ADDIS ABABA – Liberia’s Foreign Minister H.E. Amb. Dee-Maxwell Saah Kemayah, Sr., has frowned on the hijacking of power through unconstitutional means, noting that the State of Peace and Security on the Continent, his delegation has observed with dismay the rise in terrorism and violent extremism. Minister Kemayah intoned that in the midst of these unfolding developments, the Government of…

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Mali asks Denmark to immediately withdraw troops deployed there

The decision comes amid tension between Mali and its international partners. In Summary • The Takuba Task Force was established as a partial successor to a French counter-terrorism operation in the West African Sahel region. • The statement said all partners in the task force needed a prior accord with the government before deployments in Mali. Mali’s government said…

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