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Safaricom unveils new TV decoders

Kampala, Uganda | THE INDEPENDENT | Kenya’s telecom firm, Safaricom, has relaunched its Internet-enabled digital TV decoders in the market a year after it suspended sales to address technical malfunctions, according to Business Daily. The telco started selling the Safaricom Digital TV and Internet Box for Kshs 9,999 (Shs350, 000) at …

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Umeme to invest US$155millin in 2018

Kampala, Uganda | THE INDEPENDENT | Uganda’s electricity distributor, Umeme, is to invest $155 million during 2018 to among other things, refurbish old networks, build new power sub-stations and improve the network across the country. The firm’s Deputy Managing Director, Sam Zimbe, said they have submitted an investment plan for the …

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World’s largest amphibious aircraft takes off in China

Beijing, China | AFP | China’s home-grown AG600, the world’s largest amphibious aircraft in production, took to the skies on Sunday for its maiden flight. The plane, codenamed “Kunlong” according to state news agency Xinhua, took off from the southern city of Zhuhai and landed after roughly an hour-long flight. …

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IMF sounds alarm over Congo debt before possible bailout

Brazzaville, Congo | AFP | A team from the International Monetary Fund on Thursday wound up a mission to the Republic of Congo by expressing concern at debt and corruption before considering any bailout. “Congo’s economy continues to suffer from the effects of low oil prices, unsustainable debt, and significant governance …

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COMMENT: Hidden wealth of cities

Through smarter asset management, cities can double their investments without raising taxes COMMENT | DAG DETTER | The world is becoming increasingly urbanised, as more people are choosing to live in towns and cities than ever before. The trouble is, most urban areas are unprepared to manage the influx. Cities around …

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COMMENT: Flexible exchange rates

Why currency depreciation doesn’t always allow exports to decline relative to a producer’s imports COMMENT | GITA GOPINATH | In 1953, Milton Friedman published an essay called `The Case for Flexible Exchange Rates’, arguing that they cushion an economy from internal and external shocks by bringing about just the right price …

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Row over oil money to fight Boko Haram in Nigeria

Lagos, Nigeria | AFP | Nigeria’s opposition has rejected a plan to spend a billion dollars of oil money to fight the Boko Haram insurgency in the country’s volatile northeast. Last week, the governor of the southern state of Edo, Godwin Obaseki, told reporters the federal government had been given …

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Taxi or app? Uber faces big EU court decision

Luxembourg, Luxembourg | AFP | The EU’s top court will decide Wednesday if ride-hailing app Uber is an ordinary taxi company and should be regulated as such, in a decision that will be closely watched around the world. The case is yet another thorn in the side for scandal-rocked Uber, which …

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