In a statement the U.S. Department of Agriculture (USDA) and the U.S. Agency for International Development (USAID) said, they will contribute around $700 million in total to international food security efforts. The funds will go to emergency food operations in… Read More ›
Kenya
All major economies agree to minimum corporate tax of 15%
Following two days of negotiations, most of the countries negotiating a global overhaul of cross-border taxes have backed plans for new rules which will see companies being taxed at a minimum of 15%. According to Organisation for Economic Cooperation and… Read More ›
Coca Cola drops plans to re-franchise Coca-Cola Beverages Africa unit
Coca Cola will now reclassify its financial statements from second quarter in 2019 to include CCBA as part of its continuing operations. It did not provide an explanation for the postponement of its re-franchising plans. In a development that marks… Read More ›
Macron pushes France’s strategic interests in Kenya
French President Emmanuel Macron’s visit to Kenya has major geostrategic and economic implications. A strong bi-lateral relation between the two countries could largely offset China’s growing clout in the region. On Thursday, in a development that marks a deepening of… Read More ›
Coca Cola acquires AB InBev’s stake in its African botting plant for $3.15 billion
This marks AB InBev’s final disinvestment following its acquisition of SABMiller. Subject to regulatory approvals, this deal is set to close by the end of 2017. In a development that underscores AB In-Bev’s push to consolidate its acquisition of SABMiller,… Read More ›
Kenya aims to enact law promoting low carbon growth
Although its greenhouse gas emission footprint is miniscule, Kenya’s parliament has decided that it will join the global effort to minimize greenhouse gas emissions and is in the process of enacting a law that will curb the emission of greenhouse… Read More ›