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Young Chinese Getting Paid to be Full-Time Children Due to Soaring Unemployment

China grapples with a surge in youth unemployment and economic challenges post-Covid recovery, a new social phenomenon is taking shape - the rise of "...

3 years ago · By Samwel Eviator

Africa

President Yoweri Urges China and Russia to Invest in African Industries

Uganda's President Yoweri Kaguta Museveni is urging Russia and China to invest in Africa's factories instead of just buying raw materials. In a messag...

3 years ago · By Recha Shatora

Business

Investment in Human Capital Key to Africa’s Prosperity

In a bid to foster sustainable growth and economic development, African leaders have recognized the vital need for investment in the continent's workf...

3 years ago · By Recha Shatora

Business

Zanzibar and Aseel Oilfield Services to Develop Wind Power Project

The government of Zanzibar has inked a memorandum of understanding (MoU) worth $340 million (Ksh48.36 billion) with Aseel Oilfield Services Limited to...

3 years ago · By Recha Shatora

KE-CH

China Unleashes the Power of Private Investment with New Measures Aimed at Economic Growth and Job Creation

China has taken a decisive action by unveiling a series of measures to enhance private investment in key sectors with the aim of boosting economic gro...

3 years ago · By Mitchelle Ijaza

Business

KRA Reports Increased Revenue Collection at JKIA

The Kenya Revenue Authority (KRA) Customs and Border Control Department reported a 10.12% increase in revenue collection at Jomo Kenyatta Internationa...

3 years ago · By Recha Shatora

Africa

President Ruto Advocates for an Independent and Prosperous Africa Driven by its People

President Ruto emphasized the importance of the Africa Climate Summit, the first-ever on the continent under the AU, scheduled to take place in Nairob...

3 years ago · By Mitchelle Ijaza

Kenya

Starlink in Kenya Promises Faster Connectivity Above Posing a Threat to Safaricom

Elon Musk's Starlink, a satellite internet provider backed by SpaceX, has officially commenced its operations in Kenya, signaling intense competition...

3 years ago · By Samwel Eviator

Business

Why The International Monetary Fund Approved Burundi’s Loan

The International Monetary Fund executive board has approved a $271 million (Ksh38.4 billion) Extended Credit Facility for Burundi, with an immediate...

3 years ago · By Recha Shatora

Business

Zambia’s Mining and Energy Sectors Expected to Have Contractions

Zambia’s economy is expected to grow by just 2.7% in 2023, down from 4.7% in 2022, according to a budget plan released by the country's ministry of fi...

3 years ago · By Recha Shatora

Business

Nigeria Holds 33 Percent of Africa’s Gas Reserves

The Federal Government of Nigeria has reported that 33 percent of Africa’s gas reserves are presently found in Nigeria. Through the Nigerian Upstream...

3 years ago · By Recha Shatora

Kenya

Kenya’s Rural Growth: Clean Energy for Climate Resilience

Kenya has made progress in access to reliable energy with the percentage of the population having access to electricity rising from 40% in 2013 to 75%...

3 years ago · By Samwel Eviator