• 21 Apr 2024
  • 2 Mins Read
  • 〜 by Jewel Tete


Proof-of-income test for affordable home applicants

All applicants seeking to purchase units in the State’s affordable housing programme through mortgage financing would be required to present proof of income, the government said in new proposed regulations, a position likely to rattle many Kenyan ‘hustlers’ without regular payslips.



Tanzania, Türkiye commit to boost trade, investments

Tanzania and Türkiye signed deals to boost trade and investments. President Samia stated at a joint press conference with her Turkish counterpart, Recep Tayyip Erdoğan, at the State House in Ankara on Thursday.

During the event, the two heads of state witnessed the signing of six Memoranda of Understanding (MoUs) that will facilitate cooperation in the areas of higher education, economic cooperation, and cultural exchange.

To implement the agreed-upon deals, President Samia noted that they had directed responsible ministers and their respective teams of experts to meet and devise a framework for strategising the implementation of the areas of cooperation.

(The citizen)


EAC seeks to standardise fuel transportation tankers

Representatives from seven East Africa Community (EAC) member states are in Kampala to discuss measures that will lead to the standardisation of rad tankers, which include vehicles that transport petroleum products, liquefied petroleum gas, raw materials for soap, and cooking oil production, among others.

This week-long discussion, which started on Monday and is led by the EAC Secretariat, seeks to harmonise procedures for calibration and verification of road tankers to ensure consistent measurements within the region.

(The Independent) 


Renewable energy’s share in Rwanda reaches 52%

Rwanda has made significant progress in providing electricity to its citizens, with 76 percent of the population currently accessing it. The country is increasingly relying on renewable energy sources for power generation.

The installed capacity for renewables has reached 52 per cent, the Minister of Infrastructure, Jimmy Gasore, announced yesterday, April 17, while chairing the 14th Assembly of the International Renewable Energy Agency in Abu Dhabi, UAE.

(The NewTimes)


High-level Ethiopian delegation holds fruitful discussion with World Bank,  IMF

A high-level Ethiopian Government delegation led by Finance Minister Ahmed Shide held a fruitful discussion with the high-ranking officials of the World Bank and IMF.

The delegation successfully discussed the issue with the IMF Managing Director, Kristalia Georgieva, the World Bank Vice President for East and Southern Africa, Victoria Kwakwa, the World Bank’s International Development Association Department (IDA) Vice President, Akihiko Nishio, and other senior officials of the IMF and World Bank.



Expat Eid cash fails to boost ailing Sudanese Pound

The influx of substantial cash transfers from abroad, especially from expatriates to coincide with Eid, has done little to stem the downward trend of the Sudanese Pound (SDG) against international currencies.

In the days approaching Eid El Fitr, bank transfers to Sudan showed a significant increase, especially from expatriates, both in Arab countries and the global diaspora. Remittances from outside Sudan are increasing, as the ongoing conflict has forced many people in Sudan to rely on foreign transfers from relatives and friends.