We have a problem. The recently released State of the Climate in Africa 2020 report, indicates that in 2020, the climate indicators in Africa, were characterized by extreme weather events such as floods and droughts, increasing temperatures and accelerated rise in sea levels. The associated impact was devastating. The report also notes that by 2030, up to 118 million extremely poor people will be exposed to drought, floods and extreme heat in Africa, if response measures are inadequate. Additionally, climate change could further lower gross domestic product (GDP) in Sub-Saharan Africa by up to 3 per cent by 2050. And Africa…
Author: Khusoko
Khusoko
Khusoko provides market insights into Africa's business investment as well as global trends that impact East African businesses.
GOtv has reaffirmed its commitment to its audiences by introducing the GOtv Supa package offering a range of lifestyle and entertainment channels. “It’s an affordable upgrade that unlocks a world of the finest entertainment for the entire family – the ultimate gift this festive season,” the company said in a statement issued on Monday. GOtv Supa subscribers will be able to view all the sporting action and channels available on GOtv Max, with an additional 17 lifestyle and entertainment channels at an affordable price of only KSh 1499 per month. “The launch of this entertainment-focused GOtv package will allow our…
As global leaders gather in Glasgow for COP26 between Sun, 31 Oct 2021 – Fri, 12 Nov 2021, it is important that Africa’s interests are placed at the heart of the global climate agenda. The landmark talks, which the US’s Special Presidential Envoy for Climate has described as the “last best chance” to keep global heating under control, come at a critical time for the Continent. Covid-19 has profoundly affected lives and livelihoods across Africa, with the region now predicted to recover more slowly than any other. Meeting the twin goals of returning to a strong growth trajectory and achieving net-zero emissions will…
Radisson Hotel Group has been recognised as the world’s first hotel group to make all meetings in its EMEA portfolio carbon negative. For every event taking place at its participating hotels, Radisson Hotel Group will offset double the carbon footprint, to ensure that every meeting has a positive impact on the environment. Planet Positive will set a new sustainability standard in the global hospitality industry. This programme allows clients to host meetings in a sustainable way by offsetting double the CO2 emissions from meetings and events free of charge to the client, making meetings booked between October 18, 2021, and…
Inflation in Kenya based on the Consumer Price Index (CPI) fell marginally to 6.45 per cent in October from 6.91 per cent in September due driven by higher food prices. “This was mainly driven by an increase in prices of commodities under food and non-alcoholic beverages (10.60 per cent); transport (8.15 per cent); and housing, water, electricity, gas and other fuels (5.80 per cent) between October 2020 and October 2021,” the Kenya National Bureau of Statistics (KNBS) said Friday. The statistics body disclosed that during the month, prices of tomatoes, oranges and sugar increased by 3.53, 3.12 and 2.50 per…
Prudential plc opened its Africa Regional Headquarters in Nairobi, Kenya. The life insurer moved its Africa Regional Headquarters from London to Nairobi. Mr Wilf Blackburn, Prudential’s Regional CEO of Insurance Growth Markets said the new Regional Headquarters in Nairobi underscores the company’s deep commitment to Africa. “Our purpose is to help people get the most out of life. In line with this, we want to make healthcare and financial security more accessible and affordable to the people of Africa as we grow our businesses on the continent. Celebrating the occasion with Prudential was British High Commissioner to Kenya, Her Excellency…