NAIROBI (Reuters) – Kenya’s East African Breweries mentioned on Tuesday its pretax revenue dropped to 16.77 billion Kenyan shillings ($129.0 million) in its full yr to end-June, down from 18.71 billion shillings within the earlier yr. EABL, which additionally operates in Uganda and Tanzania, mentioned web revenues have been up 13% to 124.13 billion shillings,…
ABUJA – Protection chiefs of West Africa on Thursday proposed an bold plan to deploy a 5,000-strong “standby drive” to combat the area’s worsening safety crises, a measure that analysts say won’t work as a result of challenges of funding and division throughout the regional bloc. The plan, which is able to value $2.6 billion…
Commonplace Financial institution mentioned it’s set to maneuver ahead with funding for TotalEnergies’s deliberate East Africa Crude Oil Pipeline undertaking after finishing a years-long overview. The $5 billion pipeline, which might stretch from Uganda’s oil discoveries to an export terminal on the coast of Tanzania, has confronted sturdy opposition from environmental teams which have scrutinised…
CITES, an inter-governmental physique made up of 184 members, regulates wildlife commerce to be able to defend sure species from over-exploitation. In 1989, CITES banned the worldwide business commerce in African elephant ivory after populations of the animal declined sharply within the previous decade. Regardless of the ban, CITES in 1999 and 2008 allowed some…
Southern Africa leaders have appealed for $5.5 billion in help from the worldwide neighborhood to fight the consequences of El Niño. The local weather sample has led to widespread flooding and drought throughout the area and, by extension, the grain shortages that has left hundreds of thousands on the point of hunger. Following a digital…
In a big enhance for Kenya’s digital ambitions, a consortium led by Microsoft and UAE synthetic intelligence (AI) large G42 has pledged a $1 billion funding to the nation. The deal, formalised throughout President William Ruto’s go to to the US, signifies a collaboration between three nations – Kenya, the US, and the United Arab…
The distinctive drought affecting southern Africa has reached alarming proportions, with report temperatures attributable to the El Niño climatic phenomenon. Malawi, Zambia and Zimbabwe have already declared a state of nationwide catastrophe, whereas harvests are at an all-time low, threatening the meals safety of tens of millions of individuals. In keeping with the United Nations…
WASHINGTON, Might 24, 2024 — Microsoft Corp. and G42 on Wednesday introduced a complete package deal of digital investments in Kenya, as a part of an initiative with the Republic of Kenya’s Ministry of Data, Communications and the Digital Economic system. In collaboration with Microsoft and different stakeholders, G42 will lead the association of an preliminary…
Southern African Improvement Neighborhood (SADC) leaders have initiated a $5.5 billion humanitarian assist attraction to handle acute grain shortages stemming from El Nino-induced droughts. Following a digital assembly, leaders from 15 member states agreed on the pressing want for intervention within the face of widespread drought and flooding, which has left tens of millions of…
Dar es Salaam. East Africa is anticipated to undertake a track-and-trace system to streamline cross-border commerce and assist stem almost $6 billion in annual losses ensuing from illicit commerce. The plan, which was introduced in Dar es Salaam on Wednesday by the East African Enterprise Council (EABC), can even assist to enhance well being and…