Sernvy Nanga
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Tanzania’s Business Ban Could Hurt Regional Economy – Trade CS Warns
Hundreds of Kenyan traders face an uncertain future after Tanzania instituted a ban barring foreign nationals from operating small-scale businesses, in a move aimed at protecting local businesses. The directive has sparked concern over its potential impact on regional trade and diplomatic relations. Announced on July 28 by Tanzania’s Industry and Trade Minister, Selemani Jafo,…
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Canal+ Set To Acquire MultiChoice in a Landmark $ 3B Deal
French media powerhouse Canal+ has received regulatory approval to acquire South African broadcasting giant MultiChoice in a landmark $3 billion ( Sh 390 billion) deal, setting the stage for a major shake-up in Africa’s media landscape. The decision by South Africa’s Competition Tribunal, announced on Wednesday, July 23, paves the way for Canal+ to become…
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FDA Approves First HIV Prevention Shot With 100% Efficacy
The U.S Food and drug administration (FDA) has approved the worlds first medicine proven to prevent human immunodeficiency virus (HIV) developed by the pharmaceutical giant Gilead Sciences based in California. The approval made on June 18th marks a huge step in the global fight against the epidemic that has claimed millions of lives over the…
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Kenya Listed as High-Risk in EU Money Laundering Crackdown
Kenya has been listed among high-risk countries by the European Commission in a renewed global crackdown on money laundering and terrorism financing. The announcement, made on June 10, follows the EU’s updated list of third-country jurisdictions with strategic deficiencies in their anti-money laundering (AML) and counter-terrorism financing (CFT) regimes. Alongside Kenya, other countries added to…
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MTN Uganda Unveils Plans To Restructure Mobile Money Operations
MTN Uganda Limited has announced plans to restructure its mobile money business through the separation and reorganization of its wholly owned subsidiary, MTN Mobile Money Uganda Limited (MTN MoMo), as part of its ongoing fintech strategy. In a cautionary statement issued to shareholders and the public in compliance with Uganda Securities Exchange (USE) Listing Rules…
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Rwanda Withdraws From ECCAS Citing Unfair Treatment
Rwanda has officially withdrawn from the Economic Community of Central African States (ECCAS), citing what it terms as deliberate political manipulation by the Democratic Republic of Congo (DRC), with support from other unnamed member states. In a statement issued on June 7 by the Ministry of Foreign Affairs and International Cooperation, Rwanda accused the bloc…
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Govt Launches Youth Climate Jobs Drive, Sh500 Daily Pay Offered
The government has officially opened the registration process for the anticipated climate resilience service program (CRSP), calling on young people from all 47 counties to sign up. The initiative is aimed at providing employment opportunities and promoting environmental sustainability. Similar to the previous kazi mtaani initiative, the program seeks to engage youth in climate related…
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