industries

The latest Economic Survey, released by the Kenyan Bureau of Statistics (KNBS), has unveiled a modest yet significant growth of 2.4% in formal sector employment for the year 2024. This statistic reflects not just numbers, but the real lives of millions striving for stability and recognition in an ever-evolving job market. Intriguingly, the informal sector dominated this landscape, accounting for a staggering 83.6% of total employment, which translates to roughly 17.4 million individuals operating in various…

In today's world, certain industries act as powerful engines, fueling the meteoric rise of billionaires and investors alike. From the technological realms dominated by fast-paced advancements, to sectors like healthcare and renewable energy, opportunities to amass great wealth have never been more abundant. But have you ever paused to reflect on where these financial titans draw their immense fortunes from? Let's journey together through a landscape sculpted by prosperity and ingenuity. By…

Nigeria's economy is continuing to grow, with fresh data from the National Bureau of Statistics showcasing a notable 3.84% year-on-year increase in real GDP terms in the fourth quarter of 2024. It's intriguing, isn't it? When considering economic growth, the numbers certainly speak volumes. Compared to the same period last year, there’s been a significant upward trajectory, makings it fascinating to question: what factors are fueling this economic dynamism? Let me walk you through these details. "Nigeria’s…

Somalia Blasts Attack on Turkish Aerospace Industries MOGADISHU, Somalia - In a fervent denouncement, Somalia shunned the dastardly act of terror that scarred Turkey on Wednesday. As global efforts gear toward disarming conflict and bolstering peace, this violent episode stood as a stark and unnecessary anomaly. Turkey, a stalwart in international peacekeeping, particularly drew Somalia's dismay. Somalia's helm, President Hassan Sheikh Mohamud, expressed profound disquiet over the calamity. With empathy, he hoped for the…

Mogadishu (AX) — Condemning a bloodcurdling assault on Turkish Aerospace Industries, the Somali government described it as a "vile" act threatening worldwide tranquility. The ambush, striking near Ankara's TUSAS headquarters, tragically claimed five lives and injured 22 others, Turkish officials confirmed. "This pusillanimous attack goes beyond targeting Turkey; it endangers global stability," Somalia's Foreign Ministry shared. "Having wrestled with similar adversities, Somalia stands shoulder-to-shoulder with Turkey in…

In Gabon, following the overview and compensation of the home debt, the nation now desires to enhance governance within the mining and oil sector. Libreville has determined to rejoin the Extractive Industries Transparency Initiative (EITI), a world benchmark for selling good governance of oil, fuel and mining assets. Downside, Gabon was suspended from the EITI seven years in the past. To reintroduce…