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The Kenya Pipeline Company (KPC) has reported a 127% increase in net profit for the fiscal year 2022, totalling Ksh 3.77 billion. This financial achievement comes amid the global economic challenges faced by many corporations. A major contributing factor to this profit growth was a reduction in taxation, which
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Vice President Kashim Shettima on Wednesday, October 18 met with China's President, Xi Jinping in Beijing. The meeting took place during the ongoing Third Belt and Road Forum. In the meeting, President Xi Jinping stated that China is ready to finance and complete some railway projects in Nigeria.
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The Prime Minister of Lesotho, Sam Matekane is confronting an uncertain political future, as the main opposition party, the Democratic Congress (DC), initiates a vote of no confidence. This move is a consequence of a 2020 constitutional amendment that curtailed the powers of the executive, potentially undermining Matekane's
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Following the near completion of vote counting in Liberia's election, President George Weah and his primary competitor Joseph Boakai remain in a close race, indicating that a run-off is likely. Provisional results reveal that Mr. Weah presently holds 43.8% of the vote, while Mr. Boakai trails closely
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Legal proceedings have commenced in South Africa as a segment of the Zulu royal family pursues the removal of the king from the throne, despite his relatively short reign. The North Gauteng High Court in Pretoria is currently evaluating the legal contentions in the dispute over succession between King Misuzulu
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Zimbabwe long-serving opposition activist and former Mutare Central legislator, Innocent Gonese, has announced his retirement from active politics. Gonese, known for his extensive political career, made this decision to shift his focus to his law practice and human rights activism. He expressed his intention to return to being a private
Africa
The Federal Government on Monday, October 16,announced that it has obtained financial support from the World Bank and the African Development Bank. The loans valued at $1.5bn and $80m respectively, will be used to fund important projects in key sectors of the economy. Nigeria was deemed eligible for
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Kenya's President, William Ruto has extended an invitation to Chinese investors to leverage Kenya's favorable business environment for forging collaborative partnerships, particularly in crucial sectors such as infrastructure, information and communication technology (ICT), agriculture, and energy. This was stated during a meeting with Mr. Li Xi,
Africa
More than 8,000 people have been rescued in the Volta region after heavy flooding caused by the overflow of Akosombo and Kpong hydro-electric dams, the Ghanaian Army revealed. Ghana has deployed its navy and other teams to rescue thousands of people affected by the spillage of excess water from
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Former Prime Minister Raila Odinga has refuted reports suggesting that he endorsed Wiper leader Kalonzo Musyoka as the presidential flag bearer for the Azimio Coalition in the forthcoming Kenyan 2027 General Election. According to a statement signed by his Personal Assistant Dennis Onyango, Raila clarified that it was too early
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In a tense confrontation, teachers protesting against the Teachers Service Commission (TSC) decision to terminate their employment were met with teargas and arrested by the police. According to reports, the teachers had initially signed letters of transfer, complaining about security issues in North Eastern Kenya. However, instead of receiving transfer
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With over 70% vote counted, Liberian president, George Weah, and opposition leader, Joseph Boakai, are neck and neck in the race for the presidency as vote tallying continues from last week’s presidential and legislative polls. Provisional results published on Sunday by the National Elections Commission showed Weah had 43.