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TODAY'S STORIES
Education Cannot Wait invests $48 million in Chad and Ethiopia
February 19, 2020

Education Cannot Wait (ECW), with the Governments of Ethiopia and Chad and implementing partners, launched two new multi-year resilience programmes in Chad and Ethiopia with US$48 million in seed funding over three years to roll out crucial programme activities and catalyse additional resources.

The budgets for these multi-year programmes total US$216 million and thus call for urgent funding to fill the remaining gaps. When fully funded, the programmes will support quality education for approximately 1 million children and youth affected by conflict, forced displacement, protracted crises and impacts of climate change, including droughts and floods.

With the launch of the government-led programmes in Chad and Ethiopia, ECW and its partners have now realized a proven model for advancing humanitarian-development coherence in 10 crisis-affected countries: Afghanistan, Bangladesh, Central African Republic, Chad, Ethiopia, State of Palestine, Somalia, South Sudan, Syria and Uganda.

“In Chad, Ethiopia and other crisis-affected countries, children’s lives"...

February 17, 2020

A short flight from Europe, there’s a country that just about offers it all but where you’ll struggle to spot a foreign tourist. Perhaps not for much longer.

With a warm Mediterranean sea in summer, great winter skiing, vast Saharan"...

February 16, 2020

The Prime Minister authorizes the customs clearance of all the kits intended for the industrial assembly (passenger vehicles , utility vehicles, household appliances and telephones) currently in arrears in customs zones, with preferential tax treatment maintained.

Domiciliary"...


February 19, 2020

Safaricom has announced the introduction of SIM cards with the 0110 and 0111 prefixes at all Safaricom Shops and Dealer Outlets countrywide.

The new-prefix sim cards will be available free of charge with customers only required to activate their lines with a top up of KES 50 airtime.

Safaricom has also rolled out a new numbering"...

February 19, 2020

The International Fund for Agricultural Development of the United Nations (IFAD) has announced support for a new project to increase incomes, improve food and nutrition security and build the resilience of at least 34,800 rural farmers of Sao Tome and Principe, an island country highly affected by climate change.

Rising sea levels and climate disturbances put the poor rural people of the country at risk,"...

February 19, 2020

The off-grid solar industry has grown into a $1.75 billion annual market, providing lighting and other energy services to 420 million users and remains on a solid growth curve, a new World Bank Group and GOGLA report shows.

The 2020 Off-Grid Solar Market Trends report finds that the industry has made tremendous strides in the past decade. Since 2017, revenues from the off-grid solar industry continue"...

February 18, 2020

Standard Chartered Bank Kenya has become the first commercial bank in Kenya to launch bonds traded exclusively through mobile phone.

Through the SC Mobile App clients will be able to buy or sell local currency government bonds and treasury bills without the hustle of visiting a branch to fill in forms.

The clients will also be"...

February 18, 2020

Jaiz Bank, Nigerian non-interest Sharia-compliant financial institution, has declared a profit after tax of N1.79 billion in its 2019 unaudited financial results as submitted to the Nigerian Stock Exchange (NSE).

The bank, in a statement, said the figure indicates a 114% growth when compared with the N834.36 million recorded at the end of 2018.

Key"...

February 18, 2020

The meeting of the government with governors that ended, on Monday, at Algiers Palace of Nations, resulted in dozens of recommendations emanating from 6 workshops, including the withdrawal of unused industrial properties from beneficiaries who changed the allocation contracts for other projects, the redistribution of real estate via the CALPIREF(Committee for Assistance in the Localization and Promotion of Investments and Land Regulation) which is a state authority, to its beneficiaries,"...