Kenya

Japan Supports IOM’s Flood Response in Ethiopia, Kenya, and Somalia

Japan Supports IOM’s Flood Response in Ethiopia, Kenya, and Somalia

In line with International Organization for Migration (IOM) Global Appeal 2024, IOM welcomes the Government of Japan support towards the flood response in Ethiopia, Kenya and Somalia that saw more than 1 million people displaced and 5 million affected. According to the Kenya Red Cross, El Niño floods have displaced more than 300,000 people resulting in over 181 deaths. More than 17,000 livestock deaths have been reported in different parts of the country since floods began in November 2023. In addition, over 1,300 businesses and over 25,000 acres of farmland destroyed. Out of Kenya’s 47 counties, 38 were affected, with the highest…
Read More
First African Climate Summit kicks off in Nairobi, Kenya

First African Climate Summit kicks off in Nairobi, Kenya

A climate conference has begun in Nairobi to discuss the future of the African continent, which has been plagued by drought and barrenness. The conference, which is hosted by Kenya, to be held for three days from today. More than 20 African leaders, ministers, delegates and climate change advocates from many countries will participate in the conference. Countries like Ethiopia, Somalia and Kenya have experienced the worst drought in 40 years. As a result, a food security crisis has occurred in the Horn of Africa and other African countries, about 10 million animals died. According to the African Development Bank,…
Read More
Kenya Commences to Build a railway from Lamu port to Addis Ababa

Kenya Commences to Build a railway from Lamu port to Addis Ababa

Kenya Commences to Build a railway from Lamu port to Moyale-Addis Ababa Kenya has announced that it is going to build a railway line connecting Ethiopia for $14 billion. Bloomberg reports that the electric-powered railway will connect Ethiopia and South Sudan from Lamu Port in the Indian Ocean. This railway line will start working in the year 2025 and will be 3,000 km long. The railway line will start from the Indian Ocean, through Osiolo, Kenya's central city, connecting Nairobi and Addis Ababa, and will make its final destination in Juba, South Sudan. This high-speed rail line is about to…
Read More
Kenya agrees to send 1,000 policemen to Haiti

Kenya agrees to send 1,000 policemen to Haiti

Haiti, one of the poorest countries in the world, is one of the most unstable countries in the Caribbean. Haiti is home to dangerous drug traffickers, gangsters, rapist and even the country's president was killed by gangs two years ago. Currently 80 percent of the country is under the control of gangs where extortion, kidnapping and robbery are openly committed, according to the United Nations. Following the UN's recent call to support Haiti, many countries are pledging their support. Among these countries, Kenya has announced that it has agreed to send one thousand policemen to Haiti. In addition to sending…
Read More
Kenyan president urges Africans to join de-dollarization

Kenyan president urges Africans to join de-dollarization

Kenya has asked African countries to start trading in their own currency when doing business with each other and exchanging services.  Kenyan President William Ruto, who headed to Djibouti for the IGAD summit, called for Africa's dependence on the dollar to end. “Why do we buy goods from Djibouti and pay in dollars? why?  "There is no reason," said President Ruto, adding that neither Djibouti nor Kenya need to use the US dollar when doing business with each other. “We are not against the US dollar, "But because we want to trade freely," he said about the importance of the…
Read More
Ethiopian and Kenyan athletes won Paris Diamond League

Ethiopian and Kenyan athletes won Paris Diamond League

Ethiopian and Kenyan athletes won Paris Diamond League with new records. New records were recorded at two different distances at the Paris diamond league. The Paris Diamond League competition was held last night and Ethiopian and Kenyan athletes won. Ethiopian athlete Lemecha Girma broke the 3000 steeplechase record that had been held for 19 years and won. It was the second record in a month for Lemecha, who had before the competition that he would break the record. When the athlete won with a time of 7:51:11, the other Ethiopian, Abraham Seme8:10:73 personal best time and finished with 4th place.…
Read More
Kenya named as Ethiopia’s Highest electricity buyer

Kenya named as Ethiopia’s Highest electricity buyer

Kenya becomes the first country in purchasing high amount of electricity from Ethiopia in a single month. The amount of energy that Kenya purchased in January is highest in Ethiopia's power deal history. Kenya bought more electricity because of the severe drought that, and the power generation dams have dried up. According to data from the Kenya Bureau of Statistics, the country installed 68.48 million kilowatts of electricity last January. After the two countries agreed to trade electricity at a discount price, when the Great Ethiopian Renaissance Dam is completed. Kenya has imported 39 million units of energy from Ethiopia…
Read More
Kenya bank decides to buy bank stakes in Ethiopia

Kenya bank decides to buy bank stakes in Ethiopia

Kenya comercial bank (KCB) Group, headquartered in Nairobi, Kenya, is evaluating options to enter the market by buying shares from banks in Ethiopia. East Africa's largest bank, KCB, is active in the banking industry in Burundi, Rwanda, South Sudan, Tanzania and Democratic republic of Congo, as well as Kenya. This bank has now decided to buy shares in Ethiopian banks. However, it is not clear which Ethiopian bank the Kenyan bank has decided to buy shares from. Lawrence Kimati, the bank's finance director, stated that during his interview with Business Daily Africa, the bank had surveyed the Ethiopian banking market.…
Read More
Ethiopia needs more than $700 million to support drought affected citizens

Ethiopia needs more than $700 million to support drought affected citizens

IGAD requested more than two billion dollars for drought affected areas in East Africa. Due to the drought in Ethiopia, Kenya and Somalia, more than 2.68 billion dollars are needed to increase key support in the next four months, the East African Intergovernmental Organization for Development (IGAD) announced. IGAD has called for an urgent humanitarian response to provide basic needs such as water, food and fodder to rescue drought-affected areas. The drought in the areas of the three countries which received below average rainfall during five consecutive rainy seasons has left many people without food. Secretary General of the organization,…
Read More
Ethiopia grants mobile money license to Safaricom

Ethiopia grants mobile money license to Safaricom

National bank of Ethiopia grants mobile money license to Safaricom National Bank has announced that it will soon give license for mobile money transfer to Safaricom The National Bank has stated that Safaricom Ethiopia, which has obtained the first private telecom service license in Ethiopia, will soon be granted a license to provide mobile money transfer services. National Bank Governor Mr. Mamo Mehretu said that the government is taking various measures to modernize and strengthen the financial sector. He also mentioned that non-banking telecommunication companies, fintech and payment agents have been invited to participate in the payment service sector. Mr.…
Read More