Kenya to receive $750 million from World Bank
The World Bank has approved a $750 million loan for Kenya, aimed at supporting the East African country’s 2022 budget. Kenya would have to carry out some necessary reforms in its …
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The World Bank has approved a $750 million loan for Kenya, aimed at supporting the East African country’s 2022 budget. Kenya would have to carry out some necessary reforms in its …
The World Bank has approved a $750 million loan for Kenya, aimed at supporting the East African country’s 2022 budget.
Kenya would have to carry out some necessary reforms in its public procurement procedures, aimed at curtailing corruption as a condition to for the approval of the money.
The world bank recommends that Kenya establishes an electronic platform for public procurement’s. The goal for this is to encourage transparency, thus limiting corruption.
“By the end of 2023, the program aims to have five strategically selected ministries, departments, and agencies, procuring all goods and services through the electronic procurement platform.”
The $750 million loan that has been approved is the second tranche of a credit facility that was launched for Kenya in 2020, after the East African country qualified for the World Bank’s Development Policy Operations (DPO). The DPO programme makes it possible for the World Bank to lend directly to government treasuries, instead of financing particular projects.
The first tranche of the credit facility was disbursed to Kenya in June 2021. The loan comes with an annual interest rate of 3.0%.
Early last month, the Kenyan Government announced that it was planning to expand its 2022 budget, by spending an additional $956.7 million.
Like most African countries, Kenya already owes a lot of debts. Statistics obtained from Statista put the country’s gross debt in relation to GDP at 69.7% as of 2021.
On March 17 in Marseille, France, European and African political and economic leaders met for the Europe-Africa forum. Organized at the Palais du Pharo by the Metropole Aix-Marseille-Provence with the newspaper …
On March 17 in Marseille, France, European and African political and economic leaders met for the Europe-Africa forum.
Organized at the Palais du Pharo by the Metropole Aix-Marseille-Provence with the newspaper La Tribune and La Tribune Afrique, as a follow-up to the European Union-African Union summit held in Brussels on February 17 and 18. The main objective of this forum was to strengthen the new partnership between the two continents through a day of debates and discussions on various themes. Among them, the creation of employment and added value were discussed.

The Minister of Finance of the Democratic Republic of Congo, Nicolas Kazadi, spoke about entrepreneurship, which for him is “the job of tomorrow”: “There must be a change in mentality, especially among young people, in relation to the relationship between employees and employers. If this change is not made, if we are not culturally prepared to become entrepreneurs, we will be eternally frustrated, that’s what we still are today, and that’s what needs to change.”
Amina Zakhnouf, co-founder of the association “Je m’engage pour l’Afrique”, shares this need for a change of mentality: “We have been very unambitious about what we already have in terms of potential, and I would like us to stop talking about purely material potential, by talking about the resources of Africa and its youth, there are other things that exist on the continent that are exceptional. There is a technical and technological innovation on the Finetech point of view that could transform this continent into a real laboratory of ideas and give Africa a leading role in the drafting of a new regulation.”
African entrepreneurs are already established on the continent and are developing small and medium-sized businesses. Some of them are sometimes boosted by private companies.
The French bank La Société Générale, still positioned in several African countries such as Morocco, Ivory Coast, Senegal and Cameroon, offers solutions.
“The support of SMEs is key in Africa, particularly for the inclusion of populations and to fight against poverty. We intervene both in financing and we have decided to double our financing by 2025, and also with a lot of coaching of business leaders through the houses of the SME that we have organized in each of our banks on the African continent,” said Laurent Goutard, director of the Africa, Mediterranean & Overseas Region of Société Générale.
Several questions remain unanswered at the end of this forum, and among them, is how to find the right cooperation between public authorities and private companies.
The European and African political leaders present at the forum nevertheless showed a willingness to change the paradigm.
Rising prices driven by the Ukraine crises have stoked fear of devastating social turmoil in eastern DR Congo. In the region, the economy is hobbled by geographical remoteness and decades of …
Rising prices driven by the Ukraine crises have stoked fear of devastating social turmoil in eastern DR Congo. In the region, the economy is hobbled by geographical remoteness and decades of violence.
Lately, when Congolese go at the pump it has been the same disappointment.
Inexorably soaring fuel prices in the Democratic Republic of Congo are the latest consequence of the war in Ukraine. The conflict is stoking fears and anger especially among residents of the northeastern part of DRC. “The authorities are present yet prices are rising and the authorities are not involved in regulating them, Alimasi Agbarah a taxi driver says. Why not ask those who are raising prices to lower them, and even stop them [from speculating?]”
The rising costs not only affect fuel, on the markets stalls commodities get prohibitively expensive.
A 50-kilo bag of sugar which previously cost around 43 $ now goes for 60 $. And the same goes for cooking oil, rice or maize, they are now worth the double of their price few weeks ago.
One of the reasons explaining this inflation is that DRC heavily relies on imports. A dependence that could destabilized the country’s food security according to economist Paulin Bishakabalya. “If at the international level we don’t find a way to stop what is happening in Ukraine, it means that we have face supply difficulties, it is clear that prices will continue to surge here and I think that the next two months will be decisive for our populations here in the east of the DRC, we are going to feel the shock of this war between Ukraine and Russia“, the economics analyst with the Congo Federation of Businesses predicts.
To reduce the pressure on households, the governor of the Bukavu province has recommended that prices be lowered in the markets. But economic operators struggle to apply the directive, they have already suffered record-losses due to inflation.
Sub-Saharan Africa would need an investment of $350 billion between now and 2030, to be able to improve electricity generation/distribution and potentially solve the region’s long-standing electricity access problem. This is …
Sub-Saharan Africa would need an investment of $350 billion between now and 2030, to be able to improve electricity generation/distribution and potentially solve the region’s long-standing electricity access problem.
This is according to a new report by Wood Mackenzie Ltd titled “Utility evolution in Africa to reshape global electricity demand”.
The report, which was released on Thursday (17th March) by the UK-based energy and consultancy group said: “These investment opportunities work around the fiscal and operational bottlenecks posed by some of Sub-Saharan Africa’s state utilities. Service providers are going straight to the bankable segments of residential, commercial, and industrial electricity demand, typically through distributed, renewable, off-grid solutions where the public utility does not feature.”
According to research, the number of people in the region with access to electricity has grown dramatically over the past decade, but about 600 million remain without power. To meet a United Nations goal of universal access by 2030, further progress is needed not only in grid link-ups but in off-grid systems using sources such as solar energy.
“Decentralized, bottom-up solar-and-storage grids could not only reshape Africa’s energy future but carry important lessons for the next generation of thinking on utility business models globally,” Benjamin Attia, an analyst at WoodMac, said
Electricity demand in Sub-Saharan Africa has doubled over the past 15 years and is expected to increase nearly eight-fold by 2050. The report by Wood Mackenzie said the growing demand is driven by these three fundamental macroeconomic trends: population growth, rapid urbanisation and structural economic transformation.
The report further attributed Africa’s long-standing electricity access problem to massive underinvestment in the region’s electricity infrastructure. It said with the right investments, Sub-Saharan Africa could potentially change the trajectory of electricity demand and supply, not only within the region but globally.
Now, the interesting part is that the declining costs of renewable energy, coupled with innovative business models, could make it easier to bridge the investment gap and provide reliable and affordable energy access across the region.
At least seven people, including four civilian auxiliaries enlisted in the fight against jihadism in Burkina Faso, were killed Monday in an attack in the north of the country, the fifth …
At least seven people, including four civilian auxiliaries enlisted in the fight against jihadism in Burkina Faso, were killed Monday in an attack in the north of the country, the fifth in a few days in the region.
“A security source told africa news guru: “Armed men attacked the drilling installations in Tonri Oulo, a locality in the commune of Arbinda in Soum province, in the morning of Monday.
“During the sabotage of the installations, they killed three civilians and wounded three others. Four elements of the VDP (Volunteers for the Defence of the Fatherland), who tried to counter the attackers were also killed,” bringing the death toll to “seven”, the same source said. The VDPs, poorly trained and poorly armed civilian auxiliaries of the army, are paying a heavy price in the fight against jihadism in Burkina Faso.

The attack was confirmed by a local official. “We have recorded about ten victims, including seven deaths,” the official confirmed, adding that “two other boreholes were sabotaged by the terrorists. “A few weeks ago they had already sabotaged the mobile phone installations, and now they are trying to asphyxiate the town by cutting off all supplies,” the source said.
Armed groups
This modus operandi confirms the strategy observed in recent weeks where armed jihadist groups are trying to occupy towns in the north and east of the country. “This consists of isolating strategic towns by cutting off access and communication routes. These towns serve as their rear base,” Mahamoudou Sawadogo, a researcher and expert on security issues in the Sahel, told Africa news guru.
In recent days, several deadly attacks have hit the region of Dori, one of the main towns in the northeast of the country, about 100 km from Arbinda. Some 23 civilians and 13 gendarmes have died in these attacks. This is the highest death toll since Lieutenant Colonel Paul-Henri Sandaogo Damiba took office in Burkina Faso on 24 January and overthrew President Roch Marc Christian Kaboré, who is often accused of being ineffective in the face of attacks.
In the wake of Mali and Niger, Burkina Faso has been caught up in a spiral of violence since 2015, attributed to jihadist movements affiliated to al-Qaeda and the Islamic State group, which have killed more than 2,000 people in the country and forced at least 1.7 million people to flee their homes.
Israel is reportedly banning the entry of Ethiopian pilgrims who want to embark on a pilgrimage to the country during this year’s Easter for fear they will not return home. Local …
Israel is reportedly banning the entry of Ethiopian pilgrims who want to embark on a pilgrimage to the country during this year’s Easter for fear they will not return home.
Local media reports travel and tour companies have received a letter from Israel’s Population and Immigration Authority stating that any Ethiopian traveller who wants to visit Israel will need to contact the authority personally and receive permission to enter.
Tourists from other countries do not have to follow this same protocol; tour companies can generally submit a group application for tourists travelling as a group.

The authority’s letter noted that the move was out of concern that “these tourists will not head back” due to the ongoing civil war in their country, according to local media reports.
Israel’s Population and Immigration Authority said the policy was necessary because in the past Ethiopian tourists have overstayed.
The head of the Israel Incoming Tour Operators Association is quoted by the Times of Israel as saying it was “severely discriminatory” as it only applied to Ethiopians.
The Tigray War began in November 2020.
A spokesperson for Ethiopia’s foreign ministry says that he was not aware of the decision by Israel.
Ethiopia’s tourism sector has also been hit hard by the fighting, as many of the country’s most-celebrated destinations are unreachable.
One tour operator in Addis Ababa, which works with counterparts in Israel to arrange the pilgrimages, says that the decision was bad news for his business already suffering from the war and pandemic-related restrictions.
South African adventure cyclists Ron Rutland and Adam Nunn are already on their way to Auckland in New Zealand to deliver the whistle for the opening match of Rugby World Cup …
South African adventure cyclists Ron Rutland and Adam Nunn are already on their way to Auckland in New Zealand to deliver the whistle for the opening match of Rugby World Cup 2021, playing 2022 and to raise money for charity.

For one of the cyclists the motivation is to promote womens sports.
“So just motivates me every pedal stroke that we put in the women’s game on the map, we put in women sports on the map. We are raising money for a charity that’s going to put women out of certain problems and issues that they have in the world, and it’s just an amazing cause”, said South African adventure cyclist, Adam Nunn.
The journey of 16,500 kms started in Tokyo and will end in New Zealand before the match between South Africa and France. The two men will cycle through 14 countries across 210 days.

“I think some of the most I mean, it’s been very challenging just getting to the start line this year, obviously a lot of challenges in the world with with COVID-19. So it’s been really difficult putting this trip together and even getting to Japan, but we’re very grateful to be here now. And I think on every journey, getting to the start line is probably the most difficult thing”, admits Ron Rutland.
The pair also aim to raise funds for ChildFund Rugby, the Principal Charity Partner of Rugby World Cup 2021 by encouraging fans to sponsor a kilometre.
A contingent of 250 Ukrainian peacekeepers are to leave eastern DRC and return to Ukraine. The announcement was made on Tuesday by the UN. A date is yet to be announced …
A contingent of 250 Ukrainian peacekeepers are to leave eastern DRC and return to Ukraine.
The announcement was made on Tuesday by the UN.
A date is yet to be announced for the departure. The withdrawal will also include equiment and helicopters.

“If they are leaving to strengthen forces at home because things have heated up lately, I must say that it is not a problem at all. They can leave to find a solution at home because it’s not important to be with us in the DRC, while things are burning at home”, said a local resident, Rede Kibanda.
“We will continue to pray for them for this war to end, because everything that has a beginning has an end. We don’t want this war to persist, even if at home in the DRC the war continues, but we don’t want that. With the help of God this war will end”, added Justin Maheshe, a local vendor.
Goma is in the eastern part of DRC and has been plagued by violence from dozens of armed groups for more than 20 years.
The Senegalese President Macky Sall, who is also the current chairman of the African Union (AU), Wednesday had a phone conversation with his Russian counterpart Vladimir Putin to “seek a lasting …
The Senegalese President Macky Sall, who is also the current chairman of the African Union (AU), Wednesday had a phone conversation with his Russian counterpart Vladimir Putin to “seek a lasting ceasefire” in Ukraine.
The African Union had, in a statement issued on 24 February, called on Russia and “any other regional or international actor to imperatively respect international law, territorial integrity and national sovereignty of Ukraine”.
He had urged Russia and Ukraine for an immediate ceasefire and the opening of negotiations with the help of the UN.
Senegal, which has strong relations with Western countries, surprised the international community on 2 March by abstaining in a UN General Assembly vote in favor of a resolution that “demands that Russia immediately ceases the use of force against Ukraine”.

Meanwhile, Ukraine has told the UN it will repatriate its 250 peacekeepers deployed in the Democratic Republic of Congo.
The withdrawal will include all its military contingent, including personnel, helicopters and equipment from the UN peacekeeping mission in the Democratic Republic of Congo (Monusco).
Ukraine also has a military presence in other UN peace missions around the world: 16 personnel in South Sudan, 12 in Mali, 5 in Cyprus, 4 in Abyei in Sudan and 3 in Kosovo, according to the UN.
The Libyan Transitional Council of Ministers headed by Abdelhamid Dbeibah has suspended the implementation of an agreement with the United Nations on gender equality. The decision was taken on the eve …
The Libyan Transitional Council of Ministers headed by Abdelhamid Dbeibah has suspended the implementation of an agreement with the United Nations on gender equality.
The decision was taken on the eve of International Women’s Rights Day at a government meeting last Sunday.
According to the official statement, the suspension was taken “as a precaution in view of the conflict of some of its articles with the provisions of Islamic sharia (law).
However, Houriya Tourmal, the Minister of State for Women’s Affairs, who has been widely criticized by the Islamists, made it clear last October when the agreement was signed that “national law takes precedence in the event of a contradiction.
This has step sparked widespread controversy among Libyans and fears that this could contradict Libyan legislation and laws, as well as religious values.
A new government was sworn in before parliament last Thursday and its leader Fathi Bachagha is working to oust the incumbent executive in Tripoli.
As Libya faces a major institutional crisis, Prime Minister Dbeibah, who has been removed from office by parliament, is stepping up efforts to boost his popularity so that he can stay in power.