Scarce jobs force more Kenyans to try luck in self-employment

About six out of ten people had gone into self-employment as of 2019. [Courtesy]

By Macharia Kamau 

More Kenyans had opted to venture into self-employment before the coronavirus pandemic.

South Africa’s state power utility seeks $10 bln to shift from coal

JOHANNESBURG, (The Southern African Times) – South African state power utility Eskom, Africa’s biggest greenhouse gas emitter, is pitching a $10 billion plan to global lenders that would see it shut the vast majority of its coal-fired plants by 2050 and embrace renewable energy.

COVID-19 tourism impact could top $4 trillion: UN

LONDON, (The Southern African Times) – The economic impact from the plunge in tourism since the pandemic emerged last year could top $4 trillion, a UN report said Wednesday.

The joint report by the UN’s World Tourism Organization (UNWTO) and Conference on Trade and Development (UNCTAD) found that the lack of widespread vaccination in developing countries was leading to mounting economic losses.

Emerging markets are losing the race for green finance

BIG questions about how to cushion the harsh economic impact of Covid-19 on developing countries are now at the top of the international policy agenda.

Angola’s oilfield debts to Western energy firms hits $1 billion – sources

LONDON, (The Southern African Times) – Angola has accumulated around $1 billion in debt to Western oil companies operating its oilfields, with the bill prompting the African country’s recently launched sale of stakes in its flagship offshore blocks.

Nigeria’s senate to consider oil overhaul bill on Thursday

ABUJA, (The Southern African Times) – Nigeria’s senate presented a long-awaited oil overhaul bill to the full chamber for passage on Tuesday and will consider it by the end of the week, according to an order paper and the senate president.

PATA VICHWA VYA HABARI KUTOKA MAGAZETI YA LEO JUMATANO JULAI 1, 2021