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Kenya's foreign exchange reserves have hit an all-time peak of $7.85 billion as of Thursday, notching up gains for the third week in a row, according to the Central Bank of Kenya (CBK) in its latest financial market update unveiled on Friday evening.Folks gather at the International Floriculture Trade Expo in Nairobi, Kenya, on June 5, 2024. (Photo by John Okoyo/Xinhua)Kenya's foreign exchange reserves have hit an all-time peak of $7.85 billion as of Thursday, notching up gains for the third week in a row, according to the…

Public Health and Professional Standards PS Mary Muthoni in Nairobi on September 18, 2024. Image: HANDOUT Kenya's proposed Sh6.7 billion Mpox response fund has been flagged as insufficient and misprioritized, according to various advocacy groups. Critics have pointed out a glaring omission: there's no budget allocation for vaccine procurement. Speaking in Nairobi, these groups urged the government to reallocate funds towards crucial areas like vaccine acquisition, advanced diagnostics, and community education. The…

President William Ruto during an event at the Kenya School of Government on September 16, 2024. Image: PCS During an event brimming with anticipation yesterday, President William Ruto unveiled an ambitious plan requiring Sh106 billion to invigorate the National Police Service, Kenya Prisons Service, and the National Youth Service with much-needed reforms. Originally envisioned by a task force helmed by ex-Chief Justice David Maraga, these sweeping policing reforms were long-awaited. With palpable sincerity, Ruto shared…

China Commits $51 Billion to Africa: A Pledge for Jobs, Infrastructure, and Sustainable Energy In a significant address to representatives from over fifty African nations, Xi Jinping declared, "We have built roads, railways, schools, and hospitals together, transforming countless lives." This statement underscores China's determination to forge a "shared future" with Africa while advancing development across the Global South. Chinese state media reports that the colossal $51 billion commitment includes about $29.6 billion…

Thursday's China-Africa forum produced a myriad of agreements between China and more than 50 African countries in areas ranging from industry and agriculture to natural resources and investment, including a pledge by Chinese leader Xi Jinping that the economic powerhouse would allocate $50 billion to the continent over the next three years.

Abiy Ahmed visited Ankara on Wednesday, August 19, where he met his Turkish counterpart Recep Tayyip Erdogan. A visit organized on the 125th anniversary of diplomatic relations between the two countries. The program of the meeting included military relations around the Tigrayan conflict but also obstacles to rebirth, economic…

Tanzania relaunches $ 10 billion port undertaking with China alongside Indian Ocean TANZANIA - The Tanzanian authorities has relaunched a $ 10 billion port take care of China, which is anticipated to be constructed alongside the Indian Ocean coast, and which may very well be the biggest of the Japanese and Horn areas. Africa, and maybe China's greatest funding in Africa. In 2013, Chinese…

The announcement was made on Tuesday in New York. This is the largest private donation for the purchase of anticovid vaccine to date. The money will be handled by the Center for Disease Control and Prevention, set up by the African Union. Less than 2% of the continent's population has received a dose of the vaccine. We are…

France will assist Sudan, closely indebted and dedicated to a democratic transition, settle its money owed with the Worldwide Financial Fund (IMF) by lending $ 1.5 billion, Financial system Minister Bruno Le Maire introduced on Monday, Could 17. France will work to "free Sudan from its debt burden as quickly as doable", says…

The UAE and Ethiopia signal $ 1 billion Settlement on building of street to Somaliland's Berbera port ADDIS ABABA, ETHIOPIA - The United Arab Emirates and the Federal Republic of Ethiopia could have shifted their consideration to Somaliland, an outlying area of Somalia, following the latest settlement to construct a serious street connecting Addis Ababa and Berbera. DP-World, a…