archivestar news Kenya

A member of the community conservation group plants mangrove seedlings at Sabaki estuary in Malindi, Kilifi county, during the second phase of Absa Kenya Foundation’s coastal restoration programme /XINHUAA new study by the World Resources Institute has shown that bolstering funding for adaptation and resilience is not only urgent, but also one of the smartest development investments available today. The study, which analysed 320 adaptation and resilience investments across 12 countries totalling $133 billion (Sh17.2 billion), finds that every $1 (Sh129) invested in adaptation and resilience generates more than $10 (Sh1,292.6)...

SPUTNIKThe Pan-African Payment and Settlement System is a centralized payment system for African trade in goods and services. It was launched in January 2022 by the African Union and the African Export-Import Bank. The use of foreign currencies such as the US dollar in intra-African trade costs the continent about $5 billion annually, Dr. Melaku Geboye Desta, Coordinator of the African Trade Policy Centre (ATPC), made the statement citing Afreximbank data while speaking to Sputnik Africa on the sidelines of the 57th session of the ECA Conference of African Ministers of Finance, Planning and Economic Development in...