Kenya risks losing access to a Sh96.9 billion loan from the World Bank after President William Ruto declined to assent to a key anti-corruption law, citing concerns over its dilution by Parliament. Kenya risks losing a Sh96.9 billion World Bank loan due to presidential refusal of the anti-corruption law. The Conflict of Interest Bill, 2023…
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Turkey will supply Somalia’s navy with T129 Atak helicopters as part of a defence agreement signed earlier this year, according to sources familiar with the deal. Turkey will supply Somalia with T129 Atak helicopters under a defense agreement to enhance naval capacity. The delivery is part of Turkey’s 10-year pact to support Somali military readiness…
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The World Bank has restored funding to Uganda nearly two years after suspending new financing in response to the country’s Anti-Homosexuality Act (AHA). The World Bank has resumed funding to Uganda after a two-year suspension instigated by the Anti-Homosexuality Act (AHA). The Bank justified resumption through effective mitigation measures within ongoing Ugandan projects to limit…
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The fight for Western Sahara’s sovereignty continues to intensify as more countries take sides. A few days back, the United Kingdom backed Morocco’s claim to the small region of Western Sahara. Very recently, Ghana relayed the same sentiment. Western Sahara’s sovereignty conflict continues to garner international attention and division. The United Kingdom and Ghana recently…
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Petrobras, Brazil’s state-controlled oil giant, plans to make Africa its main growth market outside Brazil, according to the company’s CEO, Magda Chambriard. Petrobras is set to focus on Africa as its primary market for growth outside Brazil. The company has secured rights to nine offshore blocks in Ivory Coast and expressed interest in partnerships within…
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The Africa Finance Corporation has said African governments should look inward to tap into an estimated $4 trillion in capital held by domestic institutional investors. The Africa Finance Corporation emphasizes utilizing $4 trillion in domestic institutional capital for infrastructure development. Pension funds ($455 billion) and sovereign wealth funds ($150 billion) make up a portion of…
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