Koffi kicked out: Congolese musician Koffi Olomide deported (Youtube-Clip)

“Congolese musician Koffi Olomide is awaiting deportation. This comes after he was arrested outside citizen studios last night. The events that raised an online uproar and the attempt by the musician to quieten the storm” (Kenya Citizen TV, 2016).

Footage of Koffi Olomodi kicking the dancer at JKIA!

“Koffi Olomide kicking one of his dancers minutes after landing at JKIA. He has a show at Bomas of Kenya tomorrow. (Karanga photo! ‪#‎Ekotikee‬)” (Mate Habib, 2016)

Wetangula dismisses any possibility of Raila winning presidency in Kenya (Youtube-Clip)

“We begin with the bombshell from cord co-principal Moses Wetangula who has now dismissed any possibility of his colleague Raila Odinga ever clinching the presidency in Kenya through cord. According to Wetangula, given that Raila has given a shot at the presidency 3 times now without any success, it is high time that Raila backed either him Wetangula, or the wiper leader Kalonzo Musyoka. And as Chris Thairu reports, Wetangula maintains that cord is doomed to fail if they settle on Raila Odinga as the presidential candidate” (KTN News, 2016)

“Why I rejected Okoa Kenya Referendum,” Issack Hassan speaks (Youtube-Clip)

UNCTAD Warns on Debt, Says Africa Should Find New Ways to Finance Development

Ghana Currency

This year’s UNCTAD Economic Development in Africa Report 2016 finds that Africa’s external debt ratios appear manageable, but African governments must take action to prevent rapid debt growth from becoming a crisis, as experienced in the late 1980s and 1990s. 

NAIROBI, Kenya, July 21, 2016 – African governments should add new revenue sources to finance their development, such as remittances, public-private partnerships, and a clampdown on illicit financial flows, an UNCTAD report said on Thursday, warning that debt looks unsustainable in some countries.

This year’s UNCTAD Economic Development in Africa Report 2016 finds that Africa’s external debt ratios appear manageable, but African governments must take action to prevent rapid debt growth from becoming a crisis, as experienced in the late 1980s and 1990s.

“Borrowing can be an important part of improving the lives of African citizens,” UNCTAD Secretary-General Mukhisa Kituyi said. “But we must find a balance between the present and the future, because debt is dangerous when unsustainable.”

At least $600 billion will be needed each year to meet the Sustainable Development Goals in Africa, according to the report which is subtitled Debt Dynamics and Development Finance in Africa. This amount equates to roughly a third of countries’ gross national income. Official development aid and external debt are unlikely to cover these needs, the report finds.

A decade or so of strong growth has provided many countries with the opportunity to access international financial markets. Between 2006 and 2009, the average African country saw its external debt stock grow 7.8 percent per year, a figure that accelerates to 10 percent per year in the years 2011–2013 to reach $443 billion or 22 per cent of gross national income by 2013.

Several African countries have also borrowed heavily on domestic markets, the report finds. It provides specific examples and analyses of domestic debt in Ghana, Kenya, Nigeria, Tanzania, and Zambia. In some countries, domestic debt rose from an average 11 percent of GDP in 1995 to around 19 percent at the end of 2013, almost doubling in two decades.

“Many African countries have begun the move away from a dependence on official development aid, looking to achieve the Sustainable Development Goals with new and innovative sources of finance,” Dr. Kituyi said.

The report argues that African countries should look for complementary sources of revenue, including remittances, which have been growing rapidly, reaching $63.8 billion to Africa in 2014. The report discusses how remittances and diaspora savings can contribute to public and development finance.

Together with the global community, Africa must also tackle illicit financial flows; which can be as high as $50 billion per year. Between 1970 and 2008, Africa lost an estimated $854 billion in illicit financial flows, roughly equal to all official development assistance received by the continent in that time.

And while governments should be vigilant of the borrowing risks, public-private partnerships have also started to play a more prominent role in financing development. In Africa, public-private partnerships are being used especially to finance infrastructure. Of the 52 countries considered during the period 1990-2014, Nigeria tops the list with $37.9 billion of investment, followed by Morocco and South Africa.

Press Release: South African Rally Driver died in Tanzania and not Kenya (19.07.2016)

Tanzania 19.07.2016 Tourism

Steel Strips Wheels Ltd. India bags new Business in Kenya (20.07.2016)

SSWL Kenya 20.07.2016

Press Statement: Office of the Public Prosecuter will look into the ‘Chickengate’ at IEBC scandals of 2009-2011 (19.07.2016)

Kenya EEAC IEBC

DP Ruto gives ‘directionless’ KANU a public dress down (Youtube-Clip)

“Deputy President William Ruto gave his former ‘chama cha mama na baba’ KANU a public dressing down at Gideon Moi’s Baringo backyard over the weekend. He said he would campaign not to have KANU divide the votes coming out of Rift Valley in the 2017 General Election. He said KANU had proved itself rudderless following the 2013 General Polls at which the former political giant performed poorly” (Capital FM Kenya, 2016)

In Kenya 4 Police Officers charged with the murders of Human Rights lawyers: Willie Kimani,Josphat Mwenda & joseph Muiruri (18.07.2016)

Kenya Criminal Case 18.07.2016 P1Kenya Criminal Case 18.07.2016 P2Kenya Criminal Case 18.07.2016 P3