⭕Two famines.
⭕A global hunger crisis.
⭕A historic funding shortfall.
We need world leaders to act with urgency to protect food security, safeguard humanitarian action, and invest in peace.
Because food security is global security.
Mambo ya kusumbua watu na WiFi password wacha! Jisort na this amazing offer ya 1GB @50 bob valid for 24 hrs to stay connected with family and friends. Bundle only available on Airtel Money. Dial *334# to buy
#MakeChaguoSmartaNaAirtel
In January, Kenya received $684.7 million from the IMF, $385 million from the TDB, and is expected to receive a further $88 million from the ADB and $1.5 billion from the WB. The administration is also considering a $2b Eurobond and a $500 million Samurai bond later in the year.
What does this do?
1. It shores up the country's foreign currency reserves, fixes the dollar shortage problem, and leads to a stronger shilling.
2. It continues the previous administration's strategy of can kicking. Expect this borrowing cycle to continue and the effects to be carried forward to the next administration.
3. It allows the government to increase spending on development which increases demand for construction materials, labor, and associated services. Expect to see higher employment.
What does this not do?
1. It does not address the problem of a big government that's weighing heavily on Kenyan's household budgets.
2. It doesn't fix the business environment that's suffering from high energy prices, over-regulation, heavy taxation, and high interest rates. These are the businesses expected to boom and repay the loans.
3. It doesn't fix the grand corruption problem. There's still a chance that some of this cash will be misappropriated and shelved in foreign private accounts. Worse still, the money may end up in real estate thereby making it harder for the average Kenyan to own a home as prices may move higher.
4. It doesn't offer a long-term solution to the weakening purchasing power of the average Kenyan.
28 years ago today, my father Ken Saro-Wiwa and eight of his colleagues were murdered for protesting against oil spills in the Niger Delta. We will never forget. ❤️ #ogoni9#kensarowiwa#Nigeria
❗The US has proposed that the #LossAndDamageFund be under the @WorldBank.
But in 2022, WB put $3.7 BILLION into oil & gas trade finance alone. Since 2015, it has given $15 BILLION to fossil fuels.
A WB-led LDF will mean more money for polluters, not people.
#WBOutOfLDF#UNCAS
Perhaps @DavidNdii, the chief economic adviser to president @WilliamsRuto adminstration and our government, need to come out clean and talk to Kenya on the real economic situation in the country. If need be, listen to this Ghanaian politician. Dr. Ndii is paid millions to help fix the economy but spends all his time threatening Kenyans. And now 60% of micro and small enterprises have closed down and with it a similar number of non-performing bank loans. Equally, the 3 million Kenyans in formal employment are tax-distressed, totally demoralised and demotivated. It is truly a reckless race to the bottom. It's not to the top anymore.
Carbon markets take away power from local communities
They are designed to hand power to self-serving global elites who are not only responsible for triggering the #climatecatastrophe through emissions but are also out of touch with the reality of anguish by these communities.
Read the full report: https://t.co/6nPK11Yw1R
#CarbonMarkets #ClimateAction #CarbonNeutral #climatechange
A short film about why the dirtiest and most antisocial economic interests dominate our politics. I believe it's the key to understanding the terrible state we're in.
I had the opportunity to address the high level closing session of Africa Climate Summit hosted by President Ruto were I responded to the "Nairobi Declaration" on behalf of Africa Religious Communities within the Non-State Actors with a clear message that...
"#Carbonmarkets essentially transfer responsibility from polluters to victims. Polluters aim to offer minimal compensation to those affected, enabling them to persist in their harmful activities. This approach is far from being a genuine solution." ~ @wemanya_amos#ClimateCrisis
West Africa's economic capitals threatened by rising sea levels. In Abidjan, Lagos and Lomé, the main economic infrastructures have to contend with erosion and rising water levels
https://t.co/A5MtPJDjrl
Once the preserve of giant producers, natural gas developments are now emerging across the continent – and playing a role in shoring up global energy security. https://t.co/LImH8cpZ50
Mozambique has drastically increased its natural disaster resilience. The 51 dead so far — among hundreds dead across east Africa — is tragic, but more than 500 were killed in the country by Cyclone Idai in 2019 1/3