Kenya launches green bond at UK-Africa investment summit

President Uhuru Kenyatta rang the bell to begin trading at the London Stock Exchange (LSE) on Monday, as part of the launch of Kenya’s first green bond in conjunction with his visit to the UK-Africa Investment Summit 2020. The US$40 million bond by Acorn Holdings, a property development firm based…

Global piracy down, but Gulf of Guinea sees a spike

There were 121 crew members kidnapped on ships attacked in the Gulf of Guinea in 2019, representing a more than 50 percent increase despite global trends that saw a decline in overall piracy incidents. “This equates to over 90 percent of global kidnappings reported at sea with 64 crew members…

Zambia shuts down three universities for violations

In Zambia, the Higher Education Authority (HEA) announced Tuesday that three universities have been deregistered and are prevented from any further operations. They include Citizen University, Pamodzi University, and University of East and Southern Africa, according to an HEA statement. The decisions followed compliance audits at the institutions. In the…

Travelex locked down by ransomware attack

Websites across some 30 countries remain locked down for Travelex customers as the foreign exchange firm deals with a ransomware attack that’s crippled its operations since New Year’s Eve. Company officials say they took their websites offline in Europe, Southeast Asia and North America as a precaution to contain the…

Boeing CEO out in wake of company’s 737MAX crisis

Boeing says former CEO Dennis A. Muilenburg has resigned in the wake of the company’s 737MAX aircraft crisis, with current board chairman David L. Calhoun tapped to step into the role after a short interim. Boeing CFO Greg Smith will serve as CEO and company president until Calhoun takes over….

Boeing suspends production of ill-fated 737MAX aircraft

The Boeing Company announced Monday that it is suspending production of its 737MAX aircraft, which have been grounded globally for months in the wake of March’s Ethiopia Airlines Flight ET302 disaster. Boeing issued a statement saying the temporary suspension of 737MAX production will begin in January so that the company,…

Abiy’s Nobel speech draws on personal experience with war

Prime Minister Abiy Ahmed of Ethiopia accepted his Nobel Prize for Peace on Tuesday, delivering a speech that was emotive in terms of the cost of war – and his own experience with it – as well as inspirational, despite criticisms Abiy has faced over whether the prize was deserved….

Laureen Fagan

Laureen is the editor of Africa Times

China refutes U.S. claims on Huawei, derides unilateralism

The Chinese government took a forceful position against the United States on Tuesday, denying the claims of U.S. Secretary of State Mike Pompeo and his warnings against trusting Beijing or the Huawei firm in Europe or in Africa. “The company, based in Shenzhen, maintains links to the Chinese People’s Liberation…

Laureen Fagan

Laureen is the editor of Africa Times