African countries stockpile weapons in the face of Boko Haram, Al Shabaab insurgency


Beyond new roads, railway lines, shopping malls and skyscrapers dotting cities across the continent, Africa is now bristling with new weapons to replace its ageing inventories. Since 2004, military spending by African countries has increased by 81 per cent and in 2013 the continent had the largest rise at 8.3 per cent in military spending in the world. According to data from the Stockholm International … Continue reading African countries stockpile weapons in the face of Boko Haram, Al Shabaab insurgency

New system to slash cargo clearance time at Mombasa port, other points


Nine government agencies involved in cargo clearance at theKenyan port of Mombasa have until December 31 to migrate to the Single Electronic Window System before its full rollout. Starting January 1, all trade transactions involving the agencies — including applications for permits, as well as payment and collection of taxes, fees, duties and levies needed in cross-border transactions — will henceforth be made through the … Continue reading New system to slash cargo clearance time at Mombasa port, other points

Slowdown in China economy could hurt Africa – Moody’s


A slowdown in China’s economy in 2015 could negatively affect sub-Saharan Africa, global rating agency Moody’s has said. Moody’s expects Chinese growth, one of the drivers of global GDP, to be between 6.5 and 7.5 per cent in 2015. China, which accounts for 13 per cent of the world’s GDP, has recorded a deceleration in growth. The global rating agency said the deterioration in commodity … Continue reading Slowdown in China economy could hurt Africa – Moody’s

Warehouse receipts yet to be accepted as tradable instruments in the region


A regional grain marketing initiative meant to stabilise prices and reduce post-harvest losses is yet to make a meaningful impact among smallholder farmers in Kenya. Officials from the Eastern Africa Grain Council (EAGC) and its principal financier, Alliance for a Green Revolution in Africa (Agra) blamed the shallow penetration of the warehouse receipt system on mistrust and lack of awareness along the value chain on … Continue reading Warehouse receipts yet to be accepted as tradable instruments in the region

Countries asked to create wealth, promote equity to get millions of people out of poverty


                 Early this year, Kenyans reacted with shock when a family in Turkana County in northwest Kenya roasted two puppies for dinner, following a severe famine. The pictures of the family seated around the roasted puppies became a major topic on social media for many days. According to county administration officials, the woman said she had no alternative … Continue reading Countries asked to create wealth, promote equity to get millions of people out of poverty

Probe implicates Museveni in stalled railway contract


An inquiry into the controversies surrounding the award of a $1.5 billion (about Ush4 trillion) tender for the construction of the standard gauge railway line heard that President Museveni “personally” procured China Harbour Engineering Corporation (CHEC) to construct the eastern route of the railway line. Ugandan MP Wilfred Niwagaba, one of the five MPs who raised the red flag over the deal, tabled three letters … Continue reading Probe implicates Museveni in stalled railway contract