Blog – Page 56 – Nomad Press

29 Jun

Afreximbank and WTO Sign MoU to Boost African Trade and Cotton Industry

admin0 CommentsBusinessAfrexim Bank, WTO

The African Export-Import Bank (Afreximbank) has signed a Memorandum of Understanding (MoU) with the World Trade Organization (WTO) to enhance their collaborative efforts in promoting global trade by leveraging Africa’s unique resource endowment. The MoU establishes a framework for harmonizing and coordinating trade development activities on the continent. Collaborative Efforts in the Cotton Industry Afreximbank and the WTO are part of an inter-agency partnership aimed at transformative change in Africa’s Cotton-4 plus (C4+) countries—Benin, Burkina Faso, Chad, and Mali, with Côte d’Ivoire as an observer. This agreement will enable both organizations to expand their support for the cotton sector beyond…

29 Jun

Chaos Erupts at Funeral of Magdalene Kalembe, Widow of Former Kibwezi MP Kalembe Ndile

admin0 CommentsNewsKibwezi West MP Mwengi Mutuse

Kibwezi West MP Mwengi Mutuse was whisked away after chaos erupted during the burial of Magdalene Kalembe, the widow of former Kibwezi MP Kalembe Ndile. Magdalene, who passed away a week ago following a short illness, was a Makueni MCA nominated by the Maendeleo Chap Chap Party. Trouble began with murmurs demanding that the MP apologize for supporting the Finance Bill, 2024. Mutuse chose not to discuss politics at the funeral, which was dominated by allies of Wiper leader Kalonzo Musyoka. Despite his stance, a clash ensued between goons associated with Mutuse and those allied with various Wiper politicians. Mr.…

29 Jun

India Win T20 Cricket World Cup Against South Africa

admin0 CommentsSportsCricket, India, South Africa

India has triumphed over South Africa by seven runs in a thrilling men’s T20 World Cup final, marking the end of a 13-year wait for the cricket-obsessed nation since its last World Cup victory. Held in Bridgetown, Barbados, India posted a formidable total of 177 – the highest ever score in a men’s T20 final. South Africa, however, was up to the challenge, staying neck-and-neck with India and even taking the lead at times. The match was ultimately decided by some stellar bowling from India and an incredible catch by Suryakumar Yadav, which stifled the Proteas' chase in the final…

29 Jun

Newly Deployed African Union Transition Mission in Somalia (ATMIS) Military Staff Officers Conclude Induction Training

admin0 CommentsAfricaATMIS, Somalia

Newly deployed military staff officers serving with the African Union Transition Mission in Somalia (ATMIS) have concluded a five-day mandatory induction training to familiarise themselves with the peace-support operations and mandate. At the opening ceremony on Monday, the Acting ATMIS Force Commander, Maj. Gen. Marius Ngendabanka, said the training was important to integrating the officers, given their critical roles in supporting the Mission’s military operations. “I urge you to embrace the values of professionalism, teamwork, and integrity. Remember, your role is not just about performing tasks, but also upholding the highest discipline standards,” said Maj. Gen. Ngendabanka. “ATMIS is a…

29 Jun

Performance of the Kenya Shilling

admin0 CommentsBusinessForex Exchange

For the past one week, the Kenyan Shilling has depreciated against the US Dollar with a percentage change of approximately 0.692%. The upward trend in the exchange rate suggests a weakening of the KES relative to the USD during this period. The table below shows foreign exchange rates for various currencies dated 28th June, 2024. Exchange Rates Table Date Currency Exchange Rate 28/06/2024 HONGKONG DOLLAR 16.5874 28/06/2024 KES / USHS 28.6427 28/06/2024 SA RAND 7.0552 28/06/2024 SW KRONER 12.2364 28/06/2024 SINGAPORE DOLLAR 95.4897 28/06/2024 KES / BIF 22.2097 28/06/2024 NOR KRONER 12.1746 28/06/2024 SAUDI RIYAL 34.5267 28/06/2024 S FRANC 144.5130…

29 Jun

Qatar Minister of Foreign Affairs Meets with Somali Counterpart in Doha

admin0 CommentsWorldQatar, Somalia

Qatar's Minister of Foreign Affairs, Dr. Mohammed bin Abdulaziz bin Saleh Al Khulaifi, held a meeting with Somalia’s Minister for Foreign Affairs, Ali Mohamed Omar, in Doha. The meeting focused on the cooperative relationship between the two countries and explored ways to enhance bilateral ties. Discussions also covered the latest developments in Somalia and a range of topics of mutual interest. Dr. Al Khulaifi reiterated Qatar's commitment to supporting efforts aimed at strengthening security and stability in Somalia. He emphasized Qatar's dedication to helping achieve development and prosperity for the fraternal people of Somalia. Both ministers expressed their mutual interest…

29 Jun

Egypt: President El-Sisi Meets President of European Commission

admin0 CommentsWorldEgypt, European Union

President Abdel Fattah El-Sisi met with the President of the European Commission, Ursula von der Leyen, on the sidelines of the Egyptian-EU Investment Conference held in Cairo. The Spokesman for the Presidency, Counselor Dr. Ahmed Fahmy, said the meeting underscored the depth and strength of Egyptian-European relations, recently elevated to the level of a strategic and comprehensive partnership. This reflects the significance Egypt and the European Union accord to enhancing their cooperation as a cornerstone for regional integration and stability. The investment conference marks the first milestone in implementing this partnership. The President of the European Commission affirmed that the…

29 Jun

Uganda: Finance Ministry on the spot over equity in bailing out companies

admin0 CommentsAfricaMedard Sseggona, Uganda

Legislators on the Committee on Commissions, Statutory Authorities and State Enterprises have tasked the finance ministry to present documentation on the criteria used in granting bailouts to companies in financial crises. According to the committee chairperson, Hon. Medard Sseggona, companies belonging to foreign investors have mostly benefitted from bailouts compared to companies belonging to Ugandan investors. “What is the legal and policy framework on which you base to determine who should benefit from your bailouts and who should not? You are helping AYA but you are not helping Sembule who has invested in development of your technology and skills,” said…

29 Jun

Be patient with President Ruto, Gachagua urges Kenyans

admin0 CommentsNews#RejectFinanceBill2024, Rigathi Gachagua, William Ruto

Deputy President Rigathi Gachagua has asked Kenyans to be patient with President William Ruto as the Head of State continues engaging stakeholders over the recent protests. Mr Gachagua has also called for restraint, urging Kenyans to respect leaders and stop jeering MPs or destroying their properties over the Finance Bill 2024, which has already been rejected by the President. The Deputy President said President Ruto has already kicked off consultations with various groups and stakeholders including the church leaders and business community to address the concerns raised by Gen-Z demonstrators. "Let us give the President a chance to complete the…

29 Jun

Jollof Rice Recipe

admin0 CommentsBusinessJollof Rice

Here is a delicious and popular African recipe you can try for the weekend: Jollof Rice. Jollof Rice is a beloved dish in West Africa, especially in countries like Nigeria, Ghana, and Senegal. It's a one-pot dish full of flavor and perfect for gatherings. Ingredients: 2 cups long-grain parboiled rice 4 large tomatoes, chopped 2 red bell peppers, chopped 1 onion, chopped 1/4 cup tomato paste 1/4 cup vegetable oil 1 teaspoon thyme 1 teaspoon curry powder 2 teaspoons paprika 1 teaspoon black pepper 1 teaspoon salt (or to taste) 2 cups chicken or vegetable broth 1 bay leaf 2…