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  • Kenyans React as Raila Odinga Joins William Ruto for IEBC Amendment Bill Signing: "Good Move"

    Kenyans React as Raila Odinga Joins William Ruto for IEBC Amendment Bill Signing: "Good Move" Facebook X (Twitter) WhatsApp Copy link Ayize claire Jul 9, 2024 President William Ruto signs the IEBC Amendment Bill and former presidential aspirant Odinga In a significant political development, Azimio leader Raila Odinga joined President William Ruto at the Kenyatta International Conference Centre (KICC) for the signing of the IEBC Amendment Bill on Tuesday, July 9. This event also saw the attendance of other prominent Azimio la Umoja leaders, including Wiper leader Kalonzo Musyoka. Understanding the IEBC Amendment Bill The IEBC Amendment Bill is a legislative measure aimed at restructuring the Independent Electoral and Boundaries Commission (IEBC) of Kenya. The amendments seek to enhance the transparency, accountability, and efficiency of the electoral body, ensuring fair and credible elections in the future. Key changes include the composition of the commission, appointment processes, and operational frameworks to address past electoral challenges. Reactions from Kenyans Raila Odinga's decision to join President Ruto in signing the bill has elicited mixed reactions from Kenyans. While some have praised the move as a step towards national unity and peace, others have expressed skepticism about the effectiveness of the government's actions. Jay Sparks commented positively, saying, "Yes sir, we want a peaceful country. Let's unite our Kenya." Kennedy Sera echoed this sentiment, simply stating, "Good move." Ken Mugwanga shared his happiness, "Happy to see our leaders coming together for the sake of our nation." Kariuki Carlphineaus emphasized the need for peace and transparency, "Good move...all we want is peace and transparency." On the other hand, some expressed concerns about the government's motivations and the role of the opposition. Metrine Peya remarked, "The government has proven to us that they can only work under pressure and under supervision." Daniel Mokaya questioned the existence of opposition in Kenya, "Does opposition still exist in Kenya?" Godfrey Kiburi acknowledged the political strategy, saying, "The president has played his cards right." The signing of the IEBC Amendment Bill marks a critical moment in Kenya's political landscape, with leaders across the political divide coming together. While the move has been hailed by many as a step towards unity and effective governance, it also raises questions about the future dynamics between the government and the opposition. As Kenya moves forward, the impact of these amendments on the electoral process will be closely watched by citizens and political analysts alike. More Stories Ethiopia Death Toll from Ethiopian Landslides Rises to 157, Official Says Read More Community Jul 22, 2024 South Sudan South Sudan's Basketball Team: Forging a New countie's image Read More Sports Jul 22, 2024 Nigerian Manchester United Secure NIgerian-Danish Wonderkid Chido Obi-Martin from Arsenal Read More Sports Jul 21, 2024

  • Russia Pivots to Africa Amidst Western Sanctions with its $2 trillion economy

    Russia Pivots to Africa Amidst Western Sanctions with its $2 trillion economy Facebook X (Twitter) WhatsApp Copy link Griffith Sarah Jun 7, 2024 President Vladimir Putin alongside African leaders delegates at the second Russia-Africa summit in Saint Petersburg in 2023 Russia is reorienting its $2 trillion economy towards emerging markets like Africa, as showcased at the St Petersburg International Economic Forum. The shift comes in response to Western sanctions following the Ukraine conflict, marking a significant upheaval in Russia's economic relations. Historically, Russia has relied on Western technology and investments . However, the 2022 invasion of Ukraine has compelled President Vladimir Putin to seek alliances in Asia, Africa, and other non-Western regions. Despite the sanctions, Russia's economy remains resilient, with burgeoning ties to countries in Africa and the Middle East. Zimbabwean President Emmerson Mnangagwa and 45 other foreign dignitaries, including officials from Saudi Arabia, Oman, and the Taliban, are attending the forum. These nations represent new potential investors and partners for Russia. However, substantial investments from these countries have yet to materialize. Bolivian President Luis Arce, who attended the forum, highlighted Bolivia's state-led economic model, emphasizing the potential for shared economic strategies. China's significant presence at the forum, symbolized by Alfa Bank's Chinese dragon stand and the display of Chinese luxury armoured vehicles, underscores Russia's pivot towards Asian markets. Russian officials maintain that this shift is the beginning of a new era in their international relations. While the forum lacks the presence of Western investors and 1990s oligarchs, it highlights the resilience and adaptability of the Russian economy. Despite rising prices and increased defense spending, Russia continues to explore new economic partnerships. African officials expressed optimism about the opportunities presented at the forum. Nebeolisa Anako, a Nigerian official, noted the event's growth and the potential for cooperation with Russia, suggesting that the West might be isolating itself. Russian Deputy Prime Minister Alexander Novak emphasized that "friendly countries" now receive the majority of Russia's oil exports, with about 70% paid in national currencies. This shift aligns with the forum's theme: "The foundation of a multipolar world is the formation of new points of growth." As Russia continues to navigate the challenges posed by Western sanctions, its engagement with Africa and other non-Western regions marks a strategic pivot towards a multipolar economic future. More Stories Ethiopia Death Toll from Ethiopian Landslides Rises to 157, Official Says Read More Community Jul 22, 2024 South Sudan South Sudan's Basketball Team: Forging a New countie's image Read More Sports Jul 22, 2024 Nigerian Manchester United Secure NIgerian-Danish Wonderkid Chido Obi-Martin from Arsenal Read More Sports Jul 21, 2024

  • Rich Nations Likely to Fulfill African Donation Requests, World Bank President Forecasts

    Rich Nations Likely to Fulfill African Donation Requests, World Bank President Forecasts Facebook X (Twitter) WhatsApp Copy link louis Buyisiwe May 2, 2024 ​ World Bank President Ajay Banga World Bank President Ajay Banga has expressed optimism that affluent nations will heed the call from African leaders for record contributions to the International Development Association (IDA), emphasizing that these funds represent not mere charity, but crucial investments in the future. During a pivotal call on Monday, African heads of state appealed for at least $120 billion to be raised for the IDA in an upcoming conference in Japan this December—a sum that would set a new record for the facility that offers long-term loans to developing nations. Historically, the last funding cycle in 2021 garnered $93 billion. To achieve the ambitious new target of $120 billion, donor countries will need to commit about $30 billion, as the World Bank is capable of borrowing three times the amount of money raised. Banga highlighted the importance of this funding mechanism, noting that investing in the IDA has proven beneficial as demonstrated by the economic rise of former recipients like China and India. Over half of the 75 countries that utilize the IDA are in Africa, many of which face significant challenges such as severe debt and climate crises, making access to affordable international financing crucial. These loans are vital for sustaining development and mitigating financial strain caused by global market conditions and environmental disasters. Banga urged rich countries to recognize that supporting the IDA is in their own strategic interest. He pointed out that contributing to Africa's development is an investment in global stability and prosperity. “If Africa develops well, Africa has a lot to offer the world,” he stated, reinforcing the idea that enhancing the economic capabilities of African nations can contribute significantly to global economic diversity and resilience. As the December conference approaches, the world’s wealthiest nations are positioned to make a decisive impact on global development through their financial commitments to the IDA, potentially ushering in a new era of growth and cooperation in international relations. More Stories Ethiopia Death Toll from Ethiopian Landslides Rises to 157, Official Says Read More Community Jul 22, 2024 South Sudan South Sudan's Basketball Team: Forging a New countie's image Read More Sports Jul 22, 2024 Nigerian Manchester United Secure NIgerian-Danish Wonderkid Chido Obi-Martin from Arsenal Read More Sports Jul 21, 2024

  • Simi Reveals She Initially Avoided Dating Musicians Before Marrying Adekunle Gold

    Simi Reveals She Initially Avoided Dating Musicians Before Marrying Adekunle Gold Facebook X (Twitter) WhatsApp Copy link Prince Jean Apr 23, 2024 ​ Simi was unaware that Adekunle Gold was pursuing a music career when they first met. Instagram/@lovrweddingsng Nigerian singer Simi has revealed in a recent interview with CNN that she initially had reservations about dating someone within the music industry. Despite these hesitations, she ended up marrying fellow artist Adekunle Gold, a twist she finds both ironic and humorous. Simi shared that when she first met her future husband, she was unaware of his musical aspirations. "I didn't know he was trying to be a singer because I had actually made the choice to never date someone in the industry," Simi explained, laughing. She described Adekunle Gold as the "king of Photoshop" at his then-job, where he was known for his creative edits rather than his singing talents. "Next thing you know, we're dating and I'm getting comfortable," she added. The couple, who got married in a private ceremony at Ilashe beach in 2019 and welcomed their daughter Adejare in 2020, have found a harmonious balance between their personal lives and their careers. Simi emphasized the importance of respecting each other's crafts and maintaining boundaries. "We're very respectful of each other's crafts and opinions as singers. We also think it's important to create boundaries; work is work and I think we've been able to do very good with that," she remarked. This partnership not only highlights their individual talents but also underscores their ability to collaborate and support each other in a competitive industry. More Stories Ethiopia Death Toll from Ethiopian Landslides Rises to 157, Official Says Read More Community Jul 22, 2024 South Sudan South Sudan's Basketball Team: Forging a New countie's image Read More Sports Jul 22, 2024 Nigerian Manchester United Secure NIgerian-Danish Wonderkid Chido Obi-Martin from Arsenal Read More Sports Jul 21, 2024

  • Africa's Workforce Potential: Skills Development and Strategic Investment Key to Future Growth

    Africa's Workforce Potential: Skills Development and Strategic Investment Key to Future Growth Facebook X (Twitter) WhatsApp Copy link louis Buyisiwe Jul 11, 2024 Entrance of the Organisation for Economic Co-operation and Development (OECD) building Investment in skills development is crucial for Africa’s growth potential, according to the OECD. As the Organisation for Economic Co-operation and Development (OECD) emphasizes, a significant portion of the global workforce will be African by 2050. However, to harness this potential, the continent needs more jobs and strategic investments focused on its greatest asset: its people. Ragnheiour Elin Arnadottir, director of the OECD Development Centre, highlights the need for enhancing skill development to meet these expectations. In a related development, Kenyan President William Ruto has dismissed nearly all his ministers . This drastic move comes as Ruto attempts to manage the repercussions of prolonged anti-government protests. The protests have posed significant challenges to his administration, prompting a comprehensive cabinet reshuffle. Meanwhile, in the Central African Republic, a new competitor has entered the beer market. This new contender is adopting aggressive strategies to capture the attention of local drinkers, marking a dynamic shift in the region’s beverage industry. These developments underscore the diverse and evolving challenges and opportunities across the African continent. Skills development remains a pivotal factor for fut ure growth, while political and economic changes continue to shape the region's landscape. More Stories Ethiopia Death Toll from Ethiopian Landslides Rises to 157, Official Says Read More Community Jul 22, 2024 South Sudan South Sudan's Basketball Team: Forging a New countie's image Read More Sports Jul 22, 2024 Nigerian Manchester United Secure NIgerian-Danish Wonderkid Chido Obi-Martin from Arsenal Read More Sports Jul 21, 2024

  • HE Felix Tshisekedi arrived in Doha on a working visit to the country.

    HE Felix Tshisekedi arrived in Doha on a working visit to the country. Facebook X (Twitter) WhatsApp Copy link Johnathan Morris Mar 4, 2024 ​ DOHA: President of the Democratic Republic of Congo HE Felix Tshisekedi arrived in Doha on a working visit to the country President Felix Tshisekedi's visit to Doha signifies a momentous occasion, highlighting the Democratic Republic of Congo's (DRC) commitment to fostering stronger ties with Qatar. This diplomatic engagement underscores the potential for collaborative efforts in various sectors that are crucial for the development and prosperity of both nations. The warm welcome extended by Qatari officials at Hamad International Airport exemplifies the mutual respect and camaraderie between the two countries. HE Dr. Ahmed bin Hassan Al Hammadi and HE Valerie Lusamba Kabeya's reception of President Tshisekedi and his delegation underscores the importance Qatar places on its relationship with the DRC. This visit offers a platform for discussing a wide range of topics, including economic cooperation, investment opportunities, and cultural exchanges. The DRC, with its vast natural resources and strategic importance in Africa, presents numerous opportunities for Qatar in sectors such as mining, infrastructure, and renewable energy. Similarly, Qatar's expertise in technology, finance, and development projects can significantly contribute to the DRC's growth and stability. Moreover, the visit could pave the way for enhancing bilateral agreements, leading to increased trade, investment, and cultural exchanges between the two nations. Such engagements are essential for fostering peace, stability, and prosperity in both regions and beyond. The positive dialogue and agreements that could emerge from President Tshisekedi's visit may serve as a model for international cooperation, demonstrating how countries with different backgrounds and strengths can work together for mutual benefits. This visit not only strengthens the diplomatic ties between the DRC and Qatar but also highlights the DRC's openness to engaging with the global community to promote sustainable development and peace. President Tshisekedi's working visit to Doha is a testament to the Democratic Republic of Congo's proactive approach to diplomacy and international cooperation. It signifies a promising step towards enhanced relations with Qatar, potentially leading to significant advancements in economic, cultural, and developmental areas for both countries. More Stories Ethiopia Death Toll from Ethiopian Landslides Rises to 157, Official Says Read More Community Jul 22, 2024 South Sudan South Sudan's Basketball Team: Forging a New countie's image Read More Sports Jul 22, 2024 Nigerian Manchester United Secure NIgerian-Danish Wonderkid Chido Obi-Martin from Arsenal Read More Sports Jul 21, 2024

  • Rwanda Accuses UN Refugee Agency of Fabricating Claims in Asylum Case

    Rwanda Accuses UN Refugee Agency of Fabricating Claims in Asylum Case Facebook X (Twitter) WhatsApp Copy link Ayize claire Jun 12, 2024 ​ Rwanda has accused the United Nations refugee agency of lying during a British court case regarding the deportation of asylum seekers to the country. The Rwandan government claims that the UN High Commissioner for Refugees (UNHCR) misled the court by suggesting that asylum seekers sent to Rwanda could be relocated to countries where they might face torture or death. UNHCR's Allegations On Monday, UNHCR lawyers argued that Rwanda's asylum system was insufficient, raising concerns about the possibility of refoulement—a practice where individuals are sent to countries where they could face serious harm. This argument echoed the UK Supreme Court's previous ruling, which found the British government's deportation plan unlawful. Rwanda's Response Rwanda's government spokesperson released a statement on Tuesday refuting the UNHCR's claims, accusing the agency of fabricating allegations. The spokesperson highlighted the irony of the UNHCR's accusations, noting that the agency collaborates with Rwanda to resettle African migrants from Libya. "UNHCR is lying," The spokesperson stated that cases mentioned by UNHCR involved individuals with legal status elsewhere or those who left Rwanda voluntarily. British Government's Plans Despite the ongoing legal battle, Britain announced that the first flight carrying asylum seekers to Rwanda is scheduled for July 24. However, this plan is contingent on the outcome of the national elections on July 4, with Prime Minister Rishi Sunak's Conservatives needing a victory to proceed. The opposition Labour Party, which leads by approximately 20 points in opinion polls, has pledged to cancel the deportation plan if elected. The first flight from the UK to Rwanda is scheduled for July 24, contingent on the Conservative Party winning the national elections on July 4. However, the Labour Party, leading in polls, has promised to cancel the plan if elected. More Stories Ethiopia Death Toll from Ethiopian Landslides Rises to 157, Official Says Read More Community Jul 22, 2024 South Sudan South Sudan's Basketball Team: Forging a New countie's image Read More Sports Jul 22, 2024 Nigerian Manchester United Secure NIgerian-Danish Wonderkid Chido Obi-Martin from Arsenal Read More Sports Jul 21, 2024

  • The Dark Legacy of Paul Kagame: Unmasking the Hidden Crimes in the Congo

    The Dark Legacy of Paul Kagame: Unmasking the Hidden Crimes in the Congo Facebook X (Twitter) WhatsApp Copy link Mbeki edmond Jun 21, 2024 President Paul Kagame,accused of committing genocide in Congo For decades, the Democratic Republic of Congo (DRC) has endured conflicts influenced by regional power dynamics. Rwandan President Paul Kagame is accused of direct military involvement and supporting rebel groups like M23, which have committed atrocities, including war crimes, in the DRC.​ ( The Nation )​​ ( Human Rights Watch )​​ ( Oxford Academic )​. Kagame's Military Involvement in DRC Since the 1994 Rwandan Genocide, Rwanda's involvement in the DRC has been contentious. Under Kagame's leadership, the Rwandan Patriotic Front (RPF) led operations in the DRC, resulting in the first and second Congo Wars. These invasions were marked by human rights abuses, including massacres, rapes, and exploitation of mineral resources​ ( The Nation )​​ ( Human Rights Watch )​. Support for Rebel Groups Kagame's regime is accused of backing the M23 rebels, known for brutal tactics in the eastern DRC. Human Rights Watch has documented civilian casualties and destruction attributed to M23, reportedly supported by the Rwandan military through arms, training, and direct involvement​ ( Human Rights Watch )​. War Crimes and Genocide Allegations Reports by the United Nations and other international bodies have highlighted Rwanda's role in the DRC conflicts. The UN Mapping Report of 2010 accused Rwandan forces and their allies of committing crimes against humanity and war crimes, with some actions potentially amounting to genocide. These findings stem from systematic massacres of Hutu refugees and Congolese civilians, as well as the strategic exploitation of the DRC's rich mineral resources​ ( Oxford Academic ). The FARDC (Armed Forces of the Democratic Republic of the Congo) has been making significant strides in combating Kagame's troops aka M23 in the Democratic Republic of the Congo. Recent reports indicate that the FARDC and Wazalendo and the deployment of advanced weaponry, have managed to inflict substantial casualties on the Rwandan Army (Rwanda Defence Forces). This includes the use of sophisticated weapons such as drones and heavy artillery, which have proven effective in countering the rebel forces. The FARDC's efforts, alongside WAZALENDO (Patriots Fighter), have been crucial in stabilizing the situation and protecting civilians in the region. More Stories Ethiopia Death Toll from Ethiopian Landslides Rises to 157, Official Says Read More Community Jul 22, 2024 South Sudan South Sudan's Basketball Team: Forging a New countie's image Read More Sports Jul 22, 2024 Nigerian Manchester United Secure NIgerian-Danish Wonderkid Chido Obi-Martin from Arsenal Read More Sports Jul 21, 2024

  • Rwanda Refuses to Reimburse $300 Million from UK Deportation Deal

    Rwanda Refuses to Reimburse $300 Million from UK Deportation Deal Facebook X (Twitter) WhatsApp Copy link Ayize claire Jul 10, 2024 Rwandan President Paul Kagame and British Prime Minister Keir Starmer at the center of the controversial deportation deal dispute Rwanda Hints It Won’t Reimburse $300 Million UK Paid for Deportation Deal After New British PM Says He’ll Ditch Agreement The Rwandan government has indicated that it will not reimburse the more than $300 million received from the United Kingdom since 2022 for a contentious deal to deport asylum seekers deemed to have arrived illegally in the UK to Rwanda. A spokesperson for the Rwandan government, Alain Mukuralinda, stated on Tuesday that the agreement with the UK did not include any “clause regarding reimbursement” following the newly-elected British Prime Minister Keir Starmer’s announcement to scrap the controversial agreement. Mukuralinda emphasized in a video posted by the state-owned Rwanda Broadcasting Agency that the signed international agreement did not stipulate the money would be refunded. CNN has reached out to the UK Home Office for comments on the matter . The UK has given Rwanda £240 million (around $307 million) as part of the deal, according to a fact sheet published by the British government in April this year. Prime Minister Keir Starmer, during his first press conference on Saturday, labeled the scheme a “gimmick” and stated he was “not prepared to continue” with it, denying that the bill served as an effective deterrent. Initially announced in April 2022 by the then Conservative government under Prime Minister Boris Johnson, the plan faced numerous political and legal challenges, with lawmakers and activists condemning it on human rights grounds. Former UK Prime Minister Rishi Sunak defended the plan, claiming it aimed to deter vulnerable migrants from making perilous crossings and to disrupt the business model of criminal gangs exploiting them. The bill was heavily criticized by UN High Commissioner for Refugees Filippo Grandi, who argued that it undermined international cooperation and set a worrying global precedent by shifting responsibility for refugee protection. Amnesty International UK also condemned the plan, calling it a “stain on this country’s moral reputation” that undermined international legal protections for vulnerable people. Rwanda’s refusal to reimburse the funds raises ethical concerns about the country’s commitment to international agreements and the exploitation of such deals for financial gain. The lack of a reimbursement clause in the agreement further complicates the issue, highlighting potential oversight or negligence during the negotiation process. As the UK reevaluates its stance on this controversial deal, Rwanda’s rigid position casts a shadow over its diplomatic relations and accountability on the international stage. More Stories Ethiopia Death Toll from Ethiopian Landslides Rises to 157, Official Says Read More Community Jul 22, 2024 South Sudan South Sudan's Basketball Team: Forging a New countie's image Read More Sports Jul 22, 2024 Nigerian Manchester United Secure NIgerian-Danish Wonderkid Chido Obi-Martin from Arsenal Read More Sports Jul 21, 2024

  • NBA to Launch First Basketball School in Africa in January 2025

    NBA to Launch First Basketball School in Africa in January 2025 Facebook X (Twitter) WhatsApp Copy link Prince Jean Jun 24, 2024 Young athletes practice their skills at a Jr. NBA event, highlighting the upcoming launch of the first NBA Basketball School in Africa, set to open in January 2025 at Uppingham School Cairo in New Giza. Credit:gettyimages NBA Africa and New Era Education, a Cairo-based educational services and school management company, have announced the launch of the first NBA Basketball School in Africa. Set to open in January 2025, the school will be located at Uppingham School Cairo in New Giza. The initiative aims to train young basketball prospects and promote the sport across the continent. Amadou Gallo Fall, President of the Basketball Africa League, reiterated the NBA's commitment to nurturing African talent during his visit to France for the Quai 54 streetball tournament. "We want to continue to develop top talents on the continent through partnerships like the NBA Academy and our Elevate program, which is producing elite talent," Fall stated. He emphasized the importance of building value in African talent and retaining some of it within the continent. "We want Africa to be recognized not only as a place where talent is discovered but also where it is cultivated and appreciated," he added. The NBA Basketball School at Uppingham School Cairo will cater to youth aged 5-18, building on the league’s previous initiatives in Cairo, including the last three Basketball Africa League Nile Conference group phases and Jr. NBA programs. Since 2017, NBA Basketball Schools have been established in various countries, including Australia, Brazil, China, the Dominican Republic, Greece, India, Italy, Japan, Kuwait, Lithuania, Mexico, Portugal, Spain, Switzerland, the United Arab Emirates, and Uruguay. NBA Africa, an affiliate of the US National Basketball Association (NBA), continues to expand its footprint on the continent, aiming to inspire and develop the next generation of basketball players . More Stories Ethiopia Death Toll from Ethiopian Landslides Rises to 157, Official Says Read More Community Jul 22, 2024 South Sudan South Sudan's Basketball Team: Forging a New countie's image Read More Sports Jul 22, 2024 Nigerian Manchester United Secure NIgerian-Danish Wonderkid Chido Obi-Martin from Arsenal Read More Sports Jul 21, 2024

  • Unveiling the Shadows of Conflict: The Role of RDF in Supporting M23 and the Formation of Wazalendo in the DRC Crisis - Download the January 2024 UN Report for In-depth Insights

    Unveiling the Shadows of Conflict: The Role of RDF in Supporting M23 and the Formation of Wazalendo in the DRC Crisis - Download the January 2024 UN Report for In-depth Insights Facebook X (Twitter) WhatsApp Copy link Erin Brewer Jan 3, 2024 ​ The UN report delves into the complex situation in the Democratic Republic of Congo (DRC), focusing on the M23 rebel group and the alleged support it receives from the Rwandan Defense Force (RDF). It details the sources of information for these claims, including aerial images and testimonials. The report also addresses Rwanda's alleged involvement in the conflict, the role of the FDLR (Democratic Forces for the Liberation of Rwanda), and the formation of the Wazalendo coalition and Volontaires pour la défense de la Patrie (VDP) to combat the M23 rebels. For a comprehensive understanding and in-depth analysis of these significant issues, it is recommended to download and read the full report here . N2336438 .pdf Download PDF • 8.83MB More Stories Ethiopia Death Toll from Ethiopian Landslides Rises to 157, Official Says Read More Community Jul 22, 2024 South Sudan South Sudan's Basketball Team: Forging a New countie's image Read More Sports Jul 22, 2024 Nigerian Manchester United Secure NIgerian-Danish Wonderkid Chido Obi-Martin from Arsenal Read More Sports Jul 21, 2024

  • Kenya's Trade Surplus with African Nations Soars to Ksh164 Billion ($1.22billions) in 2023

    Kenya's Trade Surplus with African Nations Soars to Ksh164 Billion ($1.22billions) in 2023 Facebook X (Twitter) WhatsApp Copy link louis Buyisiwe Mar 15, 2024 ​ Reports indicate kenya's economic dominance in Africa to be one of the highest Kenya's trade balance with African nations reached an unprecedented surplus of Ksh164.04 billion ($1.22 billion) in 2023, marking a significant milestone in the country's economic relations within the continent. According to provisional data from the Central Bank of Kenya (CBK), the surge in exports to Ksh431.89 billion ($3.22 billion) signifies a robust 22.99% growth compared to the previous year. This leap was fueled by heightened demand for key exports including cement clinkers, lubricants, wheat flour, food preparations, and kerosene-type jet fuel, primarily to nations such as Uganda, the Democratic Republic of the Congo, Tanzania, Egypt, Somalia, and South Sudan. In stark contrast, import expenditure saw a marginal increase of 0.31% to Ksh267.86 billion ($2 billion), showcasing the most modest rise since the 2020 downturn attributed to the pandemic. This development nearly doubled Kenya's trade surplus with its African counterparts from Ksh84.13 billion in the preceding year, underscoring the nation's thriving trade dynamics. A Push for Market Integration The impressive trade surplus aligns with President William Ruto's vigorous advocacy for the elimination of trade barriers within Africa. His administration emphasizes the integration of regional trading blocs, aiming to foster the movement of goods, services, and labor across the continent. The African Continental Free Trade Agreement (AfCFTA) stands at the core of these efforts, aspiring to establish a vast single market comprising approximately 1.4 billion people and an economic output exceeding $3 trillion. Innovating Trade through Technology President Ruto also champions the adoption of a payment system that enables the settlement of intra-African trade transactions in local currencies. This initiative seeks to diminish the continent's dependency on the US dollar, thereby simplifying trade processes. " Technology will be instrumental in ensuring our traders are not bogged down by currency exchanges, allowing them to focus on boosting trade across our nations," Ruto stated in November last year. Looking Ahead As Kenya continues to lead by example in enhancing intra-African trade, the focus on technological innovation and regional integration heralds a new era of economic prosperity for the continent. More Stories Ethiopia Death Toll from Ethiopian Landslides Rises to 157, Official Says Read More Community Jul 22, 2024 South Sudan South Sudan's Basketball Team: Forging a New countie's image Read More Sports Jul 22, 2024 Nigerian Manchester United Secure NIgerian-Danish Wonderkid Chido Obi-Martin from Arsenal Read More Sports Jul 21, 2024

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