Millions of Kenyans indebted to mobile app lenders
18 April 2023 | 1:37 pm
Loans through mobile apps have skyrocketed in Kenya. While this fintech industry provides easy-to-access credits, it has become a nightmare. Experts fear the largely unregulated market could lead to a credit crisis.
2 Oct 2019
8 Apr 2020
14 May 2021
2 Oct 2019
Kenyans rush to swap old 1,000 shilling banknotes as the Central Bank of Kenya-imposed ban on all old edition 1,000 shilling notes comes into force. A new print of the 1,000 shilling banknote, the largest denomination, was rolled out in June, with Kenyans given until today to exchange their old bills at the bank or else be stuck with bundles of useless cash.
12 Feb 2020
In tonight's edition: Sudanese authorities agree to hand over former leader Omar Al Bashir to the ICC over Darfur crimes. Thousands of Kenyans gather to mourn longest-serving leader Daniel Arap Moi and South Africans mark 30 years since Nelson Mandela's release from prison.
8 Apr 2020
Kenyan President Uhuru Kenyatta hopes a deputy Governor arrested for ignoring rules to self-quarantine gets a 10 year sentence. Meanwhile thousands struggle with strict Nairobi travel restrictions brought in to tackle Coronavirus. Uganda tries to help vulnerable communities get through a total lockdown and in Ivory Coast the inaccurate belief that neem plant contains chloroquine sees a spike in demand for the traditional herbal anti malaria therapy.
14 May 2021
Police use tear gas to disperse protesters in Nairobi as they gather to protest Israeli air strikes on Gaza. Also, clashes erupt in Kinshasa as Muslim factions celebrate Eid in DR Congo. Eid is also celebrated by minority Muslims in Burundi who gathered to celebrate the end of Ramadan – our team takes you there.
6 Sep 2021
In Africa, poorer nations are fighting a double-edged sword: The rapid spread of the highly infectious delta variant and lack of immunizations. Inequalities worldwide are being exposed as richer countries take the lion's share, poorer nations are struggling to get jabs into arms.
8 Nov 2021
Kenya's Albert Korir won the men's New York Marathon for the first time on Sunday with a time of 2 hours 8 minutes and 22 seconds.His compatriot Peres Jepchirchir, the reigning Olympic champion, secured the women's title yet again in the iconic race with a time of 2 hours 22 minutes and 39 seconds.
13 Nov 2021
Chinese property developers have met with a government think tank, amid increasing concern over the real estate sector's heavy debt burden. The liquidity crisis goes well beyond the high-profile firm Evergrande. Also, Australia unveils a €114 million investment aimed at boosting sales of electric vehicles, and Virgin Galactic sells another 100 tickets for sub-orbital space flights.
5 Dec 2021
Since September, the name Evergrande has caused panic on stock exchanges around the world. Paralysed by $300 billion in debt (€260 billion), or the equivalent of 2 percent of Chinese GDP, the country's second-largest real estate developer is now threatening Chinese growth. Evergrande has more than 1,300 construction projects across China, as well as financial products, electric cars, livestock, bottled water and even a football club.
4 Feb 2022
Food insecurity in Kenya is a rapidly growing issue as the country's drought conditions could lead to an estimated 2.1 million citizens facing starvation, according to the National Drought Management Authority (NDMA). The dry conditions have impacted agricultural harvests that are an essential food source for Kenyans.
27 Apr 2022
The mobile app Tekeya provides suppliers and restaurants in Egypt with a platform to sell their surplus food at reduced prices to customers who order via the application. Meals can also be donated to charities registered on Tekeya.
4 Jun 2022
An intelligent bin aims to educate Kenyans how to correctly dispose of their rubbish. The added bonus: solar street lighting and free Wi-Fi.
9 Aug 2022
Kenya's President Uhuru Kenyatta cast is vote on Tuesday morning as Kenyans elect a new president. Kenyatta who is stepping down from the helm of East Africa's economic powerhouse after reaching the end of his two-term limit called on Kenyans to turn out in large numbers, vote peacefully and await results.
1 hour ago
An expert on post-traumatic stress disorder has told FRANCE 24 how the effects of the Israel-Hamas war will be felt by those affected by it for years to come. Whether they are traumatised by the October 7 Hamas attacks, by the hostage situation or by the air strikes on Gaza, it can be very difficult for people to recover.
1 hour ago
Hebron is the richest and most populated city in the West Bank. Tensions between Israeli settlers and Palestinian locals have been on the rise there since the October 7 Hamas attacks and Israel's retaliatory air strikes on Gaza. Israeli soldiers multiply patrols in the Old City of Hebron to protect some 800 Israeli settlers who occupy houses around the Cave of the Patriarchs, a sacred shrine to both Jews and Muslims.
1 hour ago
Russia's Supreme Court has classified the LGBTQ+ "movement" as extremist, effectively banning any related activism. Critics say the opaque decision could mean widespread persecution.
6 hours ago
The Group CEO of Metro Capital Advisory, Farouk Saleh says sustainable infrastructure Development needs to be anchored on healthcare, education, and other key services sector that add value. Speaking with CNBC Africa, he notes driving investments into the establishment of a 1,500 medical bed city in Abuja, Nigeria is a focal point in Nigeria’s health services trajectory.
7 hours ago
The Co-founder and Chairman of Waltersmith Petroman Oil Limited, Abdulrazaq Isa says the future of Nigeria’s oil and gas is value addition. In a chat with CNBC Africa, he notes expansion of the capacity of modular refineries, fertilizer production and increased gas-to power projects are vital to harness the prospects ahead.
7 hours ago
The Group President of the African Development Bank, Akinwumi Adesina says Africa with about 6.2 trillion dollars worth of natural resources, 65 per cent of the world’s uncultivated arable land, and a vibrant youth population has no excuse to be poor. He reiterates the continent must look inward urgently to solve its many challenges and prompts citizens to hold governments accountable for poverty
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