IMF adopts CPIFR assessment standard for Islamic banking

IMF adopts CPIFR assessment standard for Islamic banking

The International Monetary Fund (IMF) announced Thursday that it will integrate Islamic banking, which now has a presence in more than 60 countries, into its financial stability assessments in nations where Islamic finance commands at least 15 percent of the banking sector market. Beginning in 2019, they’ll use the Core…

Updated death toll at 45 in Kenya dam disaster

The death toll has reached 45 in Kenya following a catastrophic dam failure near the village of Solai in the western part of the country, amid new fears that other dams may be at risk of breach. Authorities say another 40 people who were missing are accounted for, except for…

IUCN partners put focus on communities to combat wildlife trafficking

There’s a new strategy to combat the illegal wildlife trade in Africa, and it relies on local communities and their role in curbing elephant, rhino and other wildlife trafficking. The International Union for Conservation of Nature, in partnership with the International Institute for International Development (IIED), rolled out a toolkit…

Kenyatta focuses on unity in State of the Nation address

President Uhuru Kenyatta of Kenya delivered his State of the Nation address Wednesday with an emphasis on unity amid the lingering consequences of last year’s bitterly contested presidential election. To that end, he praised unsuccessful Nasa candidate Raila Odinga for seeking to heal their divisions and called on Kenyans to…

World Bank promises $180 million for Kenya’s energy sector

The World Bank has approved USD$180 million in loan guarantees to boost Kenya Electricity Generation Company Limited (KenGen) and the country’s energy sector. The KenGen project, supported by private sector financing, will build on Kenya’s progress in diversifying its energy sources – including geothermal power – while bringing much needed…

Kenya’s embattled IEBC says Chebukati resignation was faked

The 2017 presidential elections in Kenya saw President Uhuru Kenyatta victorious, but not before protracted court battles that forced a do-over vote and the defiant refusal of Nasa coalition challenger Raila Odinga to accept the results. It’s still not over for the country’s Independent Electoral and Boundaries Commission (IEBC), the…

At least 15 African athletes now missing from Australia games

Authorities in Australia say the Commonwealth Games are over, but there’s still no trace of what is now at least 15 African athletes from five different countries who have disappeared without contacting their teams. The latest departure, according to The Australian, is Denyse Mutatsimpundu, a beach volleyball player from Rwanda…

Research in Kenya leads to promising HIV prevention tool

Scientists with a new tool for preventing HIV infection say they developed the idea after studying the health of sex workers in Kenya – and what they learned may benefit other women. Canadian scientists Emmanuel Ho of the University of Waterloo and Keith Fowke of the University of Manitoba noticed…

A smarter genie in the bottle: technology holds the key to Africa’s counterfeit food crisis

A school just outside Nigeria’s capital Abuja became the site of an unforeseen tragedy in February this year when two 14-year-old classmates, Nahima and Yayaya, died after eating tainted biscuits at a school birthday celebration. Several of their classmates were hospitalised in the same incident, and threats from furious parents…

Michael Wilcox

I am a London-based researcher specialized in security issues and environmental protection. He is currently writing a book about the role lobbying plays in keeping African leaders in power.