Monday, May 29, 2023

China’s first homegrown passenger jetliner makes its first commercial flight


China's first domestically produced passenger jet made its maiden commercial flight on Sunday. PHOTO | AFP


·         The C919 commercial plane flew from Shanghai to Beijing as China seeks to compete with Airbus and Boeing.

·         Its first homegrown jetliner with mass commercial potential would also cut the country’s reliance on foreign technology as ties with the West deteriorate.

Somalia to introduce direct universal suffrage in 2024


President Hassan Sheikh Mohamud


·         The reform aims to "encourage the multiparty political system" that is independent and "corruption free"

Tanzania and Uganda launch $100 million power project


Annual Meeting 2023: African Development Bank chief says dearth of climate finance flows “choking” Africa



·         Adesina calls out developed nations for not honoring $100 billion-a-year pledge

A lack of adequate financing for tackling climate change in Africa has become dire and is “choking” the

Why these alternative finance mechanisms require attention



Gadiosa Lamtey


·         Access to sufficient financial resources to implement development projects has been a big challenge among developing countries, although there are unexplored options.

Yetu Microfinance depositors move to NMB Bank

 BoT placed Yetu microfinance under statutory administration for 3 months. PHOTO | COURTESY

By The Citizen Reporter

Media/news company Mwananchi Communication Limmited


·         This is the second time within two years that NMB Bank Plc is coming to the rescue of financial institutions that have had their operations suspended due to capital adequacy levels as the consolidation continues in the banking sector.

Government collects Sh8.6 trillion through NMB Bank



Teddy Kilaga


·         NMB through its highly innovative financial solutions diligently serves the local authorities, central government and the whole country at large.