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Boeing awards $ 500 million to Ethiopia plane crash victims in first settlement NAIROBI, Kenya - Boeing has disbursed $ 500 million for the families of the victims of the plane crash in Ethiopia that took place in 2019 as well as for those who perished in 2018 in Indonesia, as part of the agreement reached in the case against the company. According to Ribbeck Law Chartered, who represents more…

EUR 600 million to help Africa be vaccinated. This is the commitment made by international donors who promise this funding to Aspen, the South African pharmaceutical giant. They want to support the revival of the production of vaccines against Covid-19 in Africa, where only 1% of the population is vaccinated. Africa is the…

DP World invests $ 442 million in breakaway area in Somalia BERBERA, Somalia - DP World is investing no less than $ 442 million in Somaliland, a breakaway area in northern Somalia, with the intention of increasing the port of Berbera, which was lately launched and attended by many stakeholders from a number of components of the nation. Somalia and overseas. The corporate, which additionally…

NAIROBI, Kenya - Kenya Defense Forces will have to operate with a $ 49 million deficit in the 2021/22 budget, it emerged, after the European Union slashed donor repayments to Kenya by 66%, ahead of AMISOM's exit from Somalia . AMISOM troops are expected to withdraw from the Horn of Africa nation upon full implementation of the Somali transition plan by the end of 2021. AMISOM has nearly 22,000 troops in Somalia, fully paid by the European Union, the UN, the United States among other partners. In a report tabled in…

South Africa must sell 2 million doses of the Johnson & Johnson vaccine. Millions of doses of this vaccine were contaminated with components of other vaccines at a facility in Baltimore, USA. According to US authorities, at least 60 million doses must be discarded. as reported from Johannesburg,Romain SongUntil a few…

The KDF owed $ 35 million in the Al-Shabaab war in Somalia MOGADISHU, Somalia - Kenya has not yet received almost $ 35 million from its international partners, who are integrated into the financing of the Al-Shabaab war in Somalia, where the Kenya Defense Forces are important security partners according to a report published by Business Daily. According to the report, Kenya has not yet received…

The authorities highlight their efforts to fight corruption. This week, the Economic and Financial Crimes Commission took stock of the investigation against former Petroleum Minister Diezani Alison-Madueke and announced that it had seized $ 153 million and 80 properties. as reported from Lagos,Liza FabbianThe head of the…

A million silos for West Africa and the Sahel is the brand new initiative led by the FAO, the United Nations Meals and Agriculture Group. Silos and warehouses are essential for regulating costs and making certain meals safety, however the area is struggling to realize its ambitions on this space. The announcement by the FAO is,…

The French Authorities and Société Générale have simply concluded an settlement to grant loans of as much as EUR 2 million (greater than FRF 1.3 billion) to small and medium-sized enterprises. Oxygen for these communities which might be going by way of tough occasions. These loans embody the Choose Africa Resilience assure. as…

The extension of the Covid-19 pandemic forces Senegal to use for a mortgage from the Worldwide Financial Fund. Dakar has simply acquired a preliminary settlement for an quantity of 650 million {dollars}, or about 350 billion CFA francs. A sum meant to assist the nation's economic system. With few folks affected by Covid-19…