Japan

As part of its Hunger Crisis Appeal project, the Nigerian Red Cross Society (NRCS) has set up 140 Mothers Clubs to tackle acute hunger and malnutrition in local communities in the North-west and North-central regions of the federation.

What you need to know:

• The auto dealer said it has longstanding financing deals with lenders like Bank of Africa to help finance customers buying its brands.
• The company said it sold 35 units of Hyundai models under its dealership as at May 2022, compared to a total of 36 units sold last year.

Hyundai Motor has unveiled its upgraded top-selling Tucson sports utility vehicle in Kenya as it seeks to drive growth in the country as the economy reopens spurring demand.

Individual and corporate stakeholders in the energy sector have converged in Naivasha seeking to address challenges hampering Kenya’s efforts to scale up the use of clean energy, and recommend measures to address them.

The Sustainable Energy Conference, an initiative of the Nation Media Group (NMG), brings together government and private institutions keen on renewable energy, as Kenya, among the world’s top 10 countries in the use of geothermal energy, seeks to increase generation and use of wind, geothermal and hydrothermal energy.

Mombasa port is to underline its position as the gateway to East Africa as operations at the new Sh32 billion Container Terminal 2 started Tuesday following the successful docking of the first ship.

It brings an additional capacity of 450,000 containers, which will increase the port’s cargo handling volume from 1.42 million to 1.732 million.

It is part of the Mombasa Port Development Programme designed to accommodate larger vessels, giving it a competitive edge over Dar es Salaam and Djibouti ports.

Global markets tanked on Monday with the dollar touching its peak in two decades as high U.S. inflation data stoked concerns that central banks will further raise rates.

At 5.20 am ET, U.S. Dow Jones futures fell 1.9 per cent, while S&P 500 futures slipped by about 2.3 per cent. Nasdaq futures slid 2.9 per cent.

The U.S. consumer price index quickened by 8.6 per cent last month, strengthening the possibility that the Federal Reserve could take an aggressive approach to tame price increases.

SOURCE: AP — Australia’s center-left opposition party toppled the conservative government after almost a decade in power, and Prime Minister-elect Anthony Albanese in his Saturday election victory speech promised sharper reductions in greenhouse gas emissions while he faces an early foreign policy test.

Japan International Cooperation Agency (JICA) on Saturday handed over assorted relief items to the Department of Disaster Management Affairs (DoDMA). The donated materials were valued at K200 million and will greatly enhance DoDMA response in addressing the needs of the affected people in particular and the disaster response operations in general. Speaking on Saturday when he […]

The national debt level of a country is a measure of how much the government owes its creditors. Economists are generally divided on the question of how much debt is too much debt, both with respect to the ratio of debt to gross domestic product (GDP) as well as the total dollar amount of the debt. Some economists are concerned that excessive government debt levels can impact economic stability with broader implications for exchange rate stability, external trade, economic growth and unemployment.

The national debt level of a country is a measure of how much the government owes its creditors. Economists are generally divided on the question of how much debt is too much debt, both with respect to the ratio of debt to gross domestic product (GDP) as well as the total dollar amount of the debt. Some economists are concerned that excessive government debt levels can impact economic stability with broader implications for exchange rate stability, external trade, economic growth and unemployment.

The Kenyan High Commission in London is the biggest loser in a budget review that seeks to slash expenditure for upgrading ageing office blocks for foreign missions and parent Foreign Affairs ministry by Sh500 million.

In the Supplementary Budget before the National Assembly, the Treasury has reduced expenditure for purchase of office block for an embassy in London by a third to Sh670 million from Sh1 billion approved last June.