boost

After months of intense back-and-forth, the government, alongside trade unions and business leaders, finally reached a consensus. Employers were firm in their demand for the creation of the National Wages Council before any chatter about pay hikes could occur. Meeting them halfway, Dr. Mutua officially announced the formation of the council and others in different sectors, laying the groundwork for an orderly rollout of wage boosts. Big news hit the streets—minimum wages are bumping up by 6% effective from October 12, 2024.…

On a bustling Wednesday, Kenyan President William Ruto presided over the launch of a global travel exposition in Nairobi. His goal? To amplify tourist numbers by spreading marketing wings into untapped, fresh markets.Amidst this splendid event, visitors admired the breathtaking views from a vantage point overlooking Kenya’s legendary Great Rift Valley in Kiambu County, captured in a photo on September 10, 2024. (Xinhua/Han Xu)During this vibrant gathering, President Ruto reiterated his vision for diversifying Kenya's allure…

Mogadishu (AX) — The European Union (EU) has committed €9 million to Somalia's Federal Government (FGS) for advancing governance reforms. This funding, part of the EU's Somalia State and Resilience Building Contract (SRBC II), aims to boost public financial management and spearhead economic growth. The allocation will aid Somalia in bolstering domestic revenue collection, fortifying fiscal federalism, and enhancing social services, including public education through initiatives such as the National Teacher's Initiative.…

ANKARA (AX) — Somali Ambassador to Turkey, Fathudin Ospite, joined a gathering of East African envoys in Ankara on Friday. They convened to explore ways to boost economic and trade connections between Turkey and the East African region.Somalia, which recently became a member of the East African regional bloc, was officially welcomed into the fold during this meeting.The ambassadors emphasized the need to intensify their bonds with Turkey, especially focusing on trade and economic cooperation.In recent years, Turkey has been…

Egypt to Bolster Somalia's Military Strength CAIRO, Somalia - The Egyptian government has reaffirmed its steadfast intention to support Somalia’s federal government in its stabilization mission. The priority on the table is to modernize Somalia's military, especially given the looming threat posed by the resurgence of Al-Shabab militants. Badr Abdelatty, Egypt’s Foreign Affairs Minister, emphasized that backing vital institutions, particularly the military, is crucial for Somalia. Such support empowers Somalia to defend…

Bill & Melinda Gates Foundation reports that fortifying bouillon cubes in Nigeria with iron, folic acid, zinc, and vitamin B12 could prevent up to 16,6 million cases of anemia and save 11,000 children from neural tube defect-related deaths by 2050. The foundation calls on world leaders to increase investments in global health, focusing on child nutrition and well-being amid the growing climate crisis. The World Health Organization estimates that 148 million children are stunted, while 45 million are affected by…

The African Development Bank Group (AfDB) has greenlit a $6.6 million grant to assist Somalia’s Federal Government (FGS) in bolstering state capacity, aiming to construct a robust financial framework to foster inclusive and fair growth. The Somalia Financial Sector Development Project is set to hone the capabilities of financial entities, such as the Central Bank of Somalia, the Somalia Development and Reconstruction Bank, and the Financial Reporting Center (FRC). The project focuses on efficient credit delivery,…

Boost as Joe Biden sends troops to Kenya in Al-Shabaab war NAIROBI, Kenya - US troops will work closely with the Kenya Defense Forces in the fight against Somalia-based al-Shabaab militants, it emerged just six months after Washington withdrew troops from Somalia under unclear circumstances. Former President Donald Trump, by executive order, ordered the withdrawal of troops in what he called a…

It is the start of the cocoa season in Côte d'Ivoire, and it is characterized by an increase in the price paid to the producer of more than 20% compared to last year. An economic boost a few days before the presidential election in a very uncertain context for the cocoa sector. The cocoa farmers expected and hoped strongly for…