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[1/2] World leaders and delegates walk at Dubai's Expo City ahead of the World Climate Action Summit during the United Nations Climate Change Conference (COP28) in Dubai, United Arab Emirates, December 1, 2023. Away from the main stage, delegations and technical committees set to work on Friday with the mammoth task of assessing their progress in meeting global climate targets, specifically the Paris Agreement goal of limiting global warming to within 2 degrees Celsius above preindustrial temperatures. The United Nations on Friday published its first draft for what could serve as a template for a final agreement from the COP28 summit, which ends Dec. 12. The summit also clinched an early victory by adopting a new fund to help poor nations cope with costly climate disasters. ___For daily comprehensive coverage on COP28 in your inbox, sign up for the Reuters Sustainable Switch newsletter here.
Persons: Thomas Mukoya, Britain's King Charles, Antonio Guterres, William Ruto, Prince Mohammed bin Salman Al Saud, Sultan Ahmed al, Jaber, Valerie Volcovici, William James, Katy Daigle, Miral Organizations: United Nations, Change, United Arab Emirates, REUTERS, Rights, Saudi, United Arab, Reuters, Thomson Locations: Dubai, United Arab, Paris, United Arab Emirates
PinnedWorld leaders are gathering in Dubai for an annual United Nations climate summit and calling for urgent action to slow down global warming. Greenhouse gas emissions, mainly driven by the burning of fossil fuels, have now warmed the planet by about 1.2 degrees Celsius above preindustrial levels. While many developed countries are installing more wind and solar power, global greenhouse gas emissions and fossil fuel demand continue to rise. Another big issue on the table is an international effort to limit emissions of methane, a potent greenhouse gas. The president of the proceedings, Sultan Al Jaber, is the head of the Emirates’ state oil company, Adnoc.
Persons: King Charles III, Mia Mottley, Volodymyr Zelensky, William Ruto, Isaac Herzog of Israel, Mahmoud Abbas, Sultan Al Jaber, Al Jaber, , Organizations: Palestinian, United Arab, Emirates, Adnoc Locations: Dubai, United Nations, Barbados, Ukraine, Kenya, Gaza, United Arab Emirates
What are they saying at the U.N. climate summit?
  + stars: | 2023-12-01 | by ( ) www.reuters.com   time to read: +4 min
Here are the latest comments:KENYA PRESIDENT WILLIAM RUTO:"The long standing adversarial dynamic between global north and global south proves practically counterproductive. Climate change does not respect artificial distinctions, traditional boundaries or old antagonisms. "We must resolve that every country shall fulfil the climate targets it is setting for itself and the commitments it is making." U.N. SECRETARY-GENERAL ANTONIO GUTERRES:"We cannot save a burning planet with a fire hose of fossil fuels... The 1.5-degree limit is only possible if we ultimately stop burning all fossil fuels.
Persons: United Arab Emirates Sheikh Mohamed bin Zayed Al Nahyan, Antonio Guterres, Britain's King Charles, WILLIAM RUTO, NARENDRA MODI, LUIZ INACIO LULA DA SILVA, KING CHARLES III, GENERAL ANTONIO GUTERRES, William James, Elizabeth Piper, Katy Daigle, Richard Valdmanis Organizations: United, United Nations, Change, United Arab Emirates, KING, GENERAL, Reuters, Thomson Locations: United Arab Emirates, Dubai, United Arab, DUBAI, KENYA, Gaza
The Kaunda suit has become a choice attire for African celebrities, elders and politicians in recent years, including one particularly high-profile convert — Kenya’s president, William Ruto. A single-breasted safari jacket with short or long sleeves and patch pockets — often worn with matching pants — it was initially made popular in the 1960s by Kenneth Kaunda, the first post-colonial president of Zambia. But the Kaunda suit was banned from the Kenyan Parliament this week, along with other forms of traditional African dress and tightly-fitted clothing for women. The Kenyan speaker of Parliament decreed that such attire violates the parliamentary dress code — which largely conforms to a modern Western working wardrobe. A fashion trend like the Kaunda suit “does not accord with the seriousness of the proceedings of the house and its committees,” Moses Wetangula, the speaker of the Parliament, said in a speech on Tuesday.
Persons: Kaunda, , William Ruto, Kenneth Kaunda, , ” Moses Wetangula Organizations: Kenyan Locations: Zambia
What to watch at COP28 on Friday?
  + stars: | 2023-11-30 | by ( ) www.reuters.com   time to read: +1 min
United Arab Emirates Minister of Industry and Advanced Technology and COP28 President Sultan Ahmed Al Jaber speaks during the United Nations Climate Change Conference (COP28) in Dubai, United Arab Emirates, November 30, 2023. REUTERS/Amr Alfiky Acquire Licensing RightsDUBAI, Dec 1 (Reuters) - This year's COP28 climate summit, being held in the glitzy Middle East city of Dubai, clicks into its first full day of scheduled events on Friday. Britain's King Charles III, who has spent decades working on environmental issues, is expected to address the conference. A second day of leaders' speeches is planned for Saturday. The summit's opening on Thursday featured pleas by the COP28 president, Sultan Ahmed al-Jaber, for all parties to work together toward a consensus on the future of fossil fuels.
Persons: Sultan Ahmed Al Jaber, Amr Alfiky, Britain's King Charles III, William Ruto, Tayyip Erdogan, Volodymyr Zelenskiy, Prince Mohammed bin Salman Al Saud, Sultan Ahmed al, Jaber, Katy Daigle, Lisa Shumaker Organizations: United Arab Emirates Minister of Industry, Advanced Technology, United Nations, Change, United Arab Emirates, REUTERS, Rights, Kenyan, Saudi, Thomson Locations: Dubai, United Arab, East
He has taken dozens of trips abroad boosting his credentials on climate change, while raising taxes at home. He pledged to send his country’s police to quash gang violence in Haiti, though they stand accused of brutality at home. And he recently hosted an eight-course state dinner for King Charles III, amid skyrocketing food and fuel prices. Kenya’s president, William Ruto, is facing searing criticism and mounting public anger just over one year since he took power after a tightly contested election. Mr. Mwaniki, who had worked closely with Mr. Ruto and his allies, said he’s been apologizing to constituents he had convinced to vote for Mr. Ruto.
Persons: King Charles III, William Ruto, Ruto, , Antony Ikonya Mwaniki, Mwaniki, he’s Locations: Haiti, Kiambu County, Nairobi
NAIROBI, Kenya (AP) — The Kenyan High Court on Tuesday struck out key clauses of a contentious finance law that has been blamed for significantly raising taxes and the cost of living in East Africa’s largest economy. High court judges David Majanja, Christine Meoli and Lawrence Mugambi said parts of the Finance Act 2023, including a mandatory housing levy, were unconstitutional and couldn't be enforced. The housing levy is a significant agenda of President William Ruto, who has pledged to construct 1 million homes by 2027 under his affordable housing program already underway in parts of the country. It led to mass protests in the capital, Nairobi, and parts of western Kenya where the opposition enjoys big support. “Every day we receive notifications from employers on their intent to declare redundancy,” the federation said.
Persons: David Majanja, Christine Meoli, Lawrence Mugambi, couldn't, William Ruto, Herman Manyora Organizations: Kenyan High Court, Monetary Fund, Federation of Kenyan Employers Locations: NAIROBI, Kenya, East Africa’s, Nairobi
The bipartisan committee formed to study opposition grievances wants the electoral commission reconstituted and an audit of the last presidential election. As a result, the committee was formed in August with the backing of a parliamentary resolution and was mandated to study the grievances and propose necessary policy reforms to the government. In its report, the committee recommended the "restructuring and reconstitution" of the Independent Electoral and Boundaries Commission (IEBC), the country's electoral body. "The committee recommended the appointment of a panel of experts who would evaluate the 2022 electoral process and a mechanism for evaluating future elections." The government, the committee said in the report, should also review its tax policy, rationalise public expenditure and expand the reach of social protection.
Persons: Humphrey Malalo, William Ruto, Raila Odinga, Hussein Mohamed, Ruto, Elias Biryabarema, Giles Elgood Organizations: Kenyan, Reuters, Sunday, Independent, Commission, Kenya State House Locations: Humphrey Malalo NAIROBI, Kenya
The bipartisan committee formed to study opposition grievances wants the electoral commission reconstituted and an audit of the last presidential election. As a result, the committee was formed in August with the backing of a parliamentary resolution and was mandated to study the grievances and propose necessary policy reforms to the government. In its report, the committee recommended the "restructuring and reconstitution" of the Independent Electoral and Boundaries Commission (IEBC), the country's electoral body. "The committee recommended the appointment of a panel of experts who would evaluate the 2022 electoral process and a mechanism for evaluating future elections." The government, the committee said in the report, should also review its tax policy, rationalise public expenditure and expand the reach of social protection.
Persons: Baz Ratner, William Ruto, Raila Odinga, Hussein Mohamed, Ruto, Humphrey Malalo, Elias Biryabarema, Giles Elgood Organizations: Kenyatta International Convention, REUTERS, Rights, Kenyan, Reuters, Sunday, Independent, Commission, Kenya State House, Thomson Locations: Nairobi, Kenya, Rights NAIROBI
But long-promised finance from rich countries to help it make a green transition simply hasn’t arrived, President Wavel Ramkalawan told CNN in May. But Al Jaber’s decision to focus on increasing finance to help developing countries shift to renewable energy is helping his popularity in the Global South. A 2022 UN-backed report calculated developing countries will need about $2 trillion a year by 2030. “We have seen the West only being extractive and very opportunistic, and actually kept developing countries dependent on fossil fuels,” he said. “It needs to buy more time to diversify its economy further and wants to capitalize on its energy resources for as long as possible,” Vakil told CNN.
Persons: hasn’t, Wavel Ramkalawan, “ We’re, ” Ramkalawan, , Al Jaber, Al Jaber’s, COP28, ” Al Jaber, Sultan Al Jaber, Abu, Christopher Pike, ADNOC, William Ruto, Masdar, Al Jaber —, ” Ruto, Simone Boccaccio, it’s, Harjeet Singh, Sanim Vakil, ” Vakil, Organizations: CNN, UN, Dubai, Abu, Abu Dhabi National Oil Company, US, COP28, Abu Dhabi International Petroleum Exhibition, Bloomberg, Kenyan, UAE, Climate, North Africa, Chatham House Locations: Seychelles, Canadian, Africa, Abu Dhabi, Dubai, UAE, Kenya, Egypt, Turkana, UN
NAIROBI, Nov 23 (Reuters) - Kenya's President William Ruto said on Thursday the government was poised to privatise 35 state companies after enacting a law last month to guide the process. Kenya last privatised a state-owned company in 2008 with an initial public offering (IPO) for 25% of the shares in telecommunications firm Safaricom (SCOM.NR). "We have identified the first 35 companies that we are going to offer to the private sector. Kenya's President William Ruto speaks during the Sustainable Development Goals (SDG) Summit at United Nations headquarters in New York City, New York, U.S., September 18, 2023. "If well harnessed, stock exchanges can be the engine that transforms Africa into a global economic powerhouse and financial centre of the world," the president said.
Persons: William Ruto, Ruto, Njuguna Ndung'u, Ndung'u, Caitlin Ochs, Bourses, Thapelo, Ducan Miriri, Marc Jones, Aaron Ross, Kirsten Donovan Organizations: African, Nairobi . Finance, Reuters, Sustainable, United Nations, REUTERS, Botswana Stock Exchange, Bharti Airtel, Thomson Locations: NAIROBI, Kenya, Nairobi, New York City , New York, U.S, Africa, Uganda, London
Kenya's President William Ruto called the treaty “the first domino” in a shift away from plastic pollution. The U.N. Intergovernmental Negotiating Committee on Plastic Pollution is charged with developing the first international, legally binding treaty on plastic pollution on land and at sea. Kenya is a global leader in fighting plastic pollution, and in 2017, the country banned the manufacture, sale and use of single-use plastic bags. Nonetheless, he said, it is evident that negotiations have moved beyond plastic waste and into addressing plastic production and toxic chemicals used to make plastic. “The focus is on ending plastic pollution, not plastic production," he said.
Persons: Gustavo Adolfo Meza, Cuadra Velasquez, William Ruto, ” Graham Forbes, ” Eirik Lindebjerg, Björn Beeler, haven't, IPEN, Chris Jahn, Karen McKee, Jahn, ___ McDermott Organizations: United Nations Environment, Global, reconvening, Intergovernmental, UNEP, Greenpeace, World Wildlife Fund, Plastics, Industry, International Council of Chemical Associations, ExxonMobil, Solutions Company, AP Locations: NAIROBI, Kenya, Kenya's, Nairobi, Paris, Punta del Este, Uruguay, Norway, Rwanda, Saudi Arabia, Iran, China, Russia, United States, Baytown , Texas, Baytown, Providence , Rhode Island
Nairobi, Kenya CNN —When King Charles III touched down for his four-day state visit in Kenya, it seemed inevitable the new monarch would have to grapple with Britain’s legacy of colonialism. But it was also that same year that Mau Mau freedom fighters – originating from the country’s largest ethnic Kikuyu tribe – rebelled against British colonialists. Mau Mau rebels held in a prison camp in Kenya in 1952. The King, accompanied by President William Ruto, receives a guided tour of a new museum dedicated to Kenya's history on Tuesday. The wounds and trauma inflicted during that dark period are still prevalent today, according to Evelyn Wanjugu Kimathi, the daughter of one of the leaders of the Mau Mau uprising, Dedan Kimathi.
Persons: King Charles III, Prince William, Charles, William Ruto, , ” King Charles, Queen Camilla, Rachel Ruto, Chris Jackson, ” Charles, It’s, Prince of, Kate Middleton, , Mau Mau, contrition, Ruto, Ian Vogler, ” Ruto, Evelyn Wanjugu Kimathi, Dedan, Kimathi, , we’ll, Victoria Jones, King Charles, Buckingham Organizations: CNN’s Royal, Kenya CNN, Caribbean, Kenyan, Kenyans ”, Getty, British, Kenyan Human Rights, Hulton, Uhuru, CNN, Commonwealth Locations: Nairobi, Kenya, Buckingham, Britain, Commonwealth, Prince of Wales, Mau, Stroud, , British
[1/9] Britain's King Charles inspects the honour guards as he is hosted by Kenya's President William Ruto at State House in Nairobi, Kenya October 31, 2023. Accompanied by Queen Camilla on his first visit as monarch to a former colony, Charles arrived in the capital Nairobi overnight. Charles' visit comes at a time when former colonies are demanding that Britain do more to recognise the abuses of its colonial past. Nandi King Koitalel Arap Samoei led a decade-long rebellion until he was assassinated by a British colonel in 1905. Charles also plans to meet entrepreneurs from Kenya's bustling tech scene, tour wildlife facilities and travel to the southeastern port city of Mombasa.
Persons: King Charles, William Ruto, Arthur Edwards, Queen Camilla, Charles, Kenya's Nandi, Buckingham, Kenya's, Nandi King Koitalel Arap Samoei, Samoei's, Kipchoge araap Chomu, Aaron Ross, Hereward, Hereward Holland, Michael Perry, John Stonestreet Organizations: Kenya's, State House, REUTERS Acquire, Rights, Kenyan, Commonwealth, Kenya Human Rights, Reuters, Thomson Locations: Nairobi, Kenya, Rights NAIROBI, Uhuru Gardens, Barbados, Jamaica, British, Mombasa, Hereward Holland
[1/6] Britain's King Charles is hosted by Kenya's President William Ruto at State House in Nairobi, Kenya October 31, 2023. REUTERS/Thomas Mukoya Acquire Licensing RightsNAIROBI, Oct 31 (Reuters) - Britain's King Charles begins a four-day state visit to Kenya on Tuesday, his first to a former colony, during which he plans to acknowledge "painful aspects" of a shared history that included almost seven decades of colonial rule. Accompanied by Queen Camilla, Charles arrived in the East African country overnight and will be received by Kenyan President William Ruto in the capital Nairobi on Tuesday morning. Buckingham Palace says the visit is a reflection of the two countries' close cooperation on economic development, climate change and security issues. The most notorious period of British rule came near the end, during the 1952-1960 Mau Mau revolt in central Kenya.
Persons: King Charles, William Ruto, Thomas Mukoya, Britain's King Charles, Queen Camilla, Charles, Buckingham, Camilla, Queen Elizabeth, Nandi, Koitalel Arap Samoie, Samoie's, Kipchoge araap Chomu, Aaron Ross, Hereward, Hereward Holland, Michael Perry Organizations: Kenya's, State House, REUTERS, Rights, Kenyan, Kenya Human Rights, Commonwealth, Reuters, Thomson Locations: Nairobi, Kenya, Rights NAIROBI, East, Mombassa, Barbados, Jamaica, British, Hereward Holland
NAIROBI, Kenya (AP) — King Charles III has expressed “greatest sorrow and the deepest regret” for the “abhorrent and unjustifiable acts of violence” committed against Kenyans as they sought independence, during a speech on his first day of a four-day visit. The king and Queen Camilla touched down in the capital, Nairobi, late Monday. Another group of protesters briefly chanted anti-British songs and threw roses at the foot of a monument to Mau Mau veteran Dedan Kimathi in Nairobi's central business district on Tuesday. “Just because the king is in Kenya, police have denied us our constitutional right to protest peacefully,” Juliet Wanjira, one of the organizers, said. During his visit, Britain announced 4.5 million pounds ($5.5 million) in new funding to support education reforms in Kenya.
Persons: — King Charles III, , explicity, Charles, William Ruto, Ruto, ” Ruto, Buckingham, Kenya's, that's, Charles ’, Queen Elizabeth II, Queen Camilla, Koigi Wamwere, ” Salim David Nganga, Joel Kimutai Kimetto, , Kelvin Kubai, Dedan Kimathi, ” Juliet Wanjira, Wanjira Mathai, Wangari Maathai, Prince Philip Organizations: Kenyans, Kenyan, AP, British, Britain, Commonwealth, Aberdare National Locations: NAIROBI, Kenya, Britain, Commonwealth, East, Nairobi, Mau Mau, Nairobi's, Africa, South Africa
The World Is Becoming More African
  + stars: | 2023-10-28 | by ( Declan Walsh | Hannah Reyes Morales | ) www.nytimes.com   time to read: +37 min
Old World Young Africa As the world grays, Africa blooms with youth. The World Is Becoming More African Part one of a series on how the youth boom is changing the continent, and beyond. But while a handful of African countries are poised to ride the demographic wave, others risk being swamped by it. In the West, racists and right-wing nationalists stoke fears of African population growth to justify hatred, or even violence. The age gap between geriatric leaders and restless youth is “a major source of tension” in many African countries, said Simon Mulongo, a former African Union diplomat from Uganda.
Persons: Lauren Leatherby, , Jean, Patrick Niambé, Hilton, Edward Paice, , Keziah Keya, Keya, Paul R, Ehrlich, stoke, Lauren Leatherby “, Carlos Lopes, Burna, Weeks, “ It’s, Laolu Senbanjo, Tems, Toulaye Sy, Pritzker, Abdulrazak Gurnah, “ Africa’s, ” Long, exotica, Mulendema, Hannah O’Leary, “ We’re, Sipho Dlamini, Dlamini, Moawad, Optimists, Mo Ibrahim, Aubrey Hruby, birthrates, India’s, China’s, Akinwumi Adesina, States —, William Ruto, Paul Biya of, Biya, Wole Soyinka, Paul Kagame of, Nourdine, Nigeriens, Awade, Ali Bongo Ondimba, Simon Mulongo, Nuha Abdelgadir, Abdelgadir, gesturing, “ We’ve, ” Weeks, Abdelgadir’s, Modu Ali, Young, Saidu, Habiba Mohammed, Ms, Ha, Joon Chang, Nobody, Chang, Ibrahim, Touré Organizations: Young, United Nations, Southern, Northern, Western Asia Northern, United, Ivory Coast, African Union, Group, European Union ., Suisse, Africa Research Institute, Nigeria Mozambique Kenya “, Russia Canada Germany United, Russia Canada Germany United States Japan China Iran Egypt India Mexico Nigeria Ethiopia Ethiopia Dem, Russia Germany, China Egypt India Nigeria D.R.C, Russia Canada Germany United States Japan China Iran Egypt India Mexico Nigeria Ethiopia Dem, Bank, Nations, International, Bryn Mawr College, Angola, Angola Ivory Coast, Angola Ivory Coast Cameroon Dem, Africa Middle Africa Southern, Economic Commission, New, Citi, Spotify, Cannes Film, Burkina Faso, UNESCO, Disney, Amazon Prime, Netflix, , Apple, Cape Town, Microsoft, Google, Infrastructure, McKinsey & Company, Pew Research Center, African Development Bank, Greek Coast Guard, Saudi, Africa Climate, Young Voters, Freedom House, University of Denver, United Arab, Japan Cuba Vatican City, Netherlands South Korea Belgium U.A.E, Islamic, Global, Center for Girls Education, School of Oriental, Studies Locations: grays, Africa, India, China, United States, Southern Asia, Asia, America, Caribbean, Northern America, Western Asia, Western Asia Northern America, Europe, London, New York, West Africa, Ivory, Abidjan, Russia, Turkey, Gulf, Nairobi, Nigeria Mozambique Kenya, Italy, Japan, Russia Canada Germany United States Japan China Iran Egypt India Mexico Nigeria Ethiopia Ethiopia, Congo Indonesia Brazil Australia South Africa Argentina, Russia Germany U.S, China Egypt India Nigeria, Brazil South Africa Australia, Russia Canada Germany United States Japan China Iran Egypt India Mexico Nigeria, Nigeria, Africa’s, Young, South Africa, Somalia, Mozambique, Mali, Gabon, Niger, Mozambique Nigeria Kenya, Kenya, Pennsylvania, Angola Ivory, Angola Ivory Coast Cameroon, Congo Algeria Egypt, Ghana Kenya Madagascar Mozambique Niger Nigeria, Tanzania Uganda South Africa, Northern Africa Eastern Africa, Africa Middle Africa, Africa Middle Africa Southern Africa, Guinea, Bissau, African, Qatar, Nigerian, Brooklyn, Target, French, Senegalese, Paris, Milan, Venice, Burkina, Tanzania, Saharan Africa, Nigeria Kenya Senegal In Lagos, Dakar, Zambia, South Korea, Sotheby’s, Lagos, Zimbabwe, Watford, Cape, Mombasa, Zanzibar, Cairo, Morocco, East Africa, Nigeria Mozambique Morocco, Sudanese, North Africa, East Asia, Thailand, Rwanda, Ivory Coast, States, Namibia, Kenyan, Paul Biya of Cameroon, Paul Kagame of Rwanda, United Arab Emirates, United States France Turkey, Germany, Russia India, Brazil, Japan Cuba, Japan Cuba Vatican City Spain Italy Saudi Arabia Qatar, Netherlands South Korea Belgium, Iran Canada, Niger’s, Niamey, Senegal Kenya Kenya, X’s, Tunisia, Egypt, Libya, Senegal, Uganda, Khartoum, Sudan, Ethiopia, Al Qaeda, Islamic State, Chad, Burkina Faso, Nigeria Nigeria Morocco, hijabs, Zaria, American, Korea, South, England
Editor’s Note: This is a version of CNN’s Royal News, a weekly dispatch bringing you the inside track on Britain’s royal family. CNN —When King Charles III visits Kenya next week, he’ll do something no other member of his family has done in the country. Next week’s royal visit will largely focus on the strong connection between the two countries. Kenya holds a special place for the British royal family. Unfortunately, King Charles’ jam-packed schedule during the trip will not permit him to visit the poignant location.
Persons: King Charles III, Charles, Queen Camilla, It’s, Chris Fitzgerald, Kenya’s, Nandi, Jomo Kenyatta, William Hague, , ” Hague, William Ruto, Princess Elizabeth, King Charles ’ Organizations: CNN’s Royal, CNN, Kenya, British, Kenyan Human Rights, Kenyan, Nation, Keystone, Hulton Royals, British Government, Government, State, Commonwealth Locations: United Kingdom, Kenya, Buckingham, Britain, Nazi Germany, Gatundi, Nairobi, Commonwealth, British, Rwanda, Treetops
A Saudi man's reflection is seen in mirror glass at the Future Investment Initiative conference, in Riyadh, Saudi Arabia, October 25, 2022. REUTERS/ Ahmed Yosri/File Photo Acquire Licensing RightsRIYADH, Oct 19 (Reuters) - Around 300 Chinese "decision makers" are attending Saudi Arabia's flagship investment conference this year, organisers said on Thursday, double last year's attendance as Riyadh deepens its relationship with China despite U.S. concerns. In defiance of its key Western ally, Prince Mohammed invited Chinese President Xi Jinping to visit the kingdom and launched a Chinese-Arab summit. In August, the BRICs group of nations, which includes China, invited Saudi Arabia to become a new member of the bloc. Saudi Arabia is halfway through an ambitious economic transformation plan - Vision 2030 - to wean the economy off oil by creating new industries, generating jobs for citizens, and luring in foreign capital and talent.
Persons: Ahmed Yosri, Richard Attias, Attias, Prince Mohammed bin Salman, Joe Biden, Prince Mohammed, Xi Jinping, ” Attias, Morgan, Jamie Dimon, Citi's Jane Fraser, Yoon Suk Yeol, William Ruto, Paul Kagame, Pesha Magid, Aziz El Yaakoubi, Christina Fincher Organizations: Future Investment Initiative, REUTERS, Rights, Saudi, FII Institute, Wall Street, Washington, Wall, HSBC, Standard Chartered, Kenyan, Rwandan, Thomson Locations: Saudi, Riyadh, Saudi Arabia, Rights RIYADH, China, Gaza, Asia
NAIROBI, Kenya (AP) — Kenya’s President William Ruto sought $1 billion more in loans from China Monday, despite rising public debt that has now reached $70 billion in the Eastern African country, according to National Treasury figures for 2022/2023. President Ruto was was one of a number of global leaders in Beijing to attend the tenth anniversary meeting of China’s Belt and Road Initiative, the ambitious plan that aims to connect Africa, Asia and Europe through massive infrastructure and energy projects. Kenya has been struggling with ballooning public debt, with $6 billion owed to Chinese creditors, according to national data. However, it’s not clear if President Ruto and his delegation will be granted a restructuring or extension of the interest payments. Last week, legislators tabled a motion asking the government to reveal details of all the loans it had accumulated since President Ruto came into power in September 2022.
Persons: — Kenya’s, William Ruto, Ruto, Hussein Mohammed, , , SGR, Rigathi Gachagua, Kenya SGR, Aly Khan Satchu, it’s, ” Satchu Organizations: National Treasury, Initiative, Kampala, Kenyan Locations: NAIROBI, Kenya, China, Beijing, Africa, Asia, Europe, Mombasa, Nairobi, Uganda, Central Africa, Turkish, Congo, Satchu
It comes amid criticism that the lending institutions are not taking climate change and the vulnerabilities of poor countries enough into account in their funding decisions. Dysfunctional because the system as a whole is too slow to respond to new challenges, such as climate change. Lee pointed to an IMF program that launched last year to help poor countries address problems like climate change. “The national policy to address climate change is lax — little or no focus is on climate change and the nexus between climate change and conflict in the Sahel is underappreciated,” Hassan said. “Go beyond the conflict itself to start prioritizing climate change as the root cause of the problem affecting these countries."
Persons: , William Ruto, Akinwumi Adesina, Moussa Faki, Patrick Verkooijen, Daniel Lee, Lee, Rwanda —, Carlos Lopes, It’s, Idayat Hassan, Ibrahim Audi, Femi, Lopes, ” Hassan, , ” Mimiko, Organizations: Global, International Energy Agency, International Monetary Fund, World Bank, New York Times, Kenyan, African Development Bank, African Union, IMF, Mandela School of Public, University of Cape, Center for Strategic, International Studies, Obafemi Awolowo University, Africa Climate Summit, International Rescue Committee, AP Locations: ABUJA, Nigeria, Africa, Africa's Sahel, Burkina Faso, Chad, Mali, Niger, Marrakech, Morocco, Rwanda, University of Cape Town , South Africa, Nigeria's, Katsina, Kenya
LONDON, Oct 11 (Reuters) - Britain's King Charles and his wife Camilla will travel to Kenya for a four-day state visit at the end of this month where he will acknowledge "painful aspects" of its colonial past, Buckingham Palace said on Wednesday. Britain's King Charles III looks on during his visit to the Global Underwater Hub, where he met staff and learnt about their educational outreach programmes in Westhill, Aberdeenshire, Scotland, Britain September 29, 2023. "His majesty will take time during the visit to deepen his understanding of the wrongs suffered in this period by the people of Kenya," Fitzgerald said. The Kenyan visit, Charles' fourth official visit to the African nation, comes after the royal couple travelled to Germany in March and France last month, with both tours regarded as highly successful diplomatic trips. Reporting by Michael Holden, additional reporting by Sachin Ravikumar; editing by William James and Christina FincherOur Standards: The Thomson Reuters Trust Principles.
Persons: Britain's King Charles, Camilla, Buckingham, Charles, Queen Elizabeth, Prince Philip, King George VI, William Ruto, Chris Fitzgerald, Britain's King Charles III, Jane Barlow, Fitzgerald, Michael Holden, Sachin Ravikumar, William James, Christina Fincher Organizations: Kenyan, Thomson Locations: Kenya, Commonwealth, Britain, Westhill , Aberdeenshire, Scotland, British, Germany, France
LONDON (AP) — King Charles III will travel to Kenya later this month for a state visit full of symbolism: His mother, the late Queen Elizabeth II, learned she had become queen while visiting a game preserve in the East African nation in 1952. During the Oct. 31-Nov. 3 visit, Charles plans to meet with Kenyan President William Samoei Ruto and to visit Nairobi National Park, where he will have a chance to demonstrate his concern for environmental preservation and fighting climate change. In 1947, the future queen pledged lifelong service to Britain and the Commonwealth on her 21st birthday. Charles himself visited Kenya in 1971, and he attended the Commonwealth heads of government meeting in Rwanda in 2022. Charles became the symbolic head of the organization after the queen died last year, but the honor is not hereditary.
Persons: — King Charles III, Queen Elizabeth II, Charles ’, Charles, William Samoei Ruto Organizations: Kenyan, Commonwealth Locations: Kenya, East, Commonwealth, Nairobi, Africa, Britain, Rwanda, United Kingdom
A view shows the Jomo Kenyatta International Airport toll station on the Nairobi Expressway undertaken by the China Road and Bridge Corporation (CRBC) on a public-private partnership (PPP) basis, along Mombasa road in Embakasi district of Nairobi, Kenya May 7, 2023. REUTERS/Thomas Mukoya/File Photo Acquire Licensing RightsNAIROBI, Oct 6 (Reuters) - Kenya's President William Ruto will ask China for a $1 billion loan to complete stalled road construction projects when he travels to Beijing later this month, his deputy said on Friday. "At the moment we are paying debt and people are not using roads because many of them are half finished," Gachagua said. Kenya owes China more than $8 billion in loans for infrastructure projects such as railways and roads. Reporting by Duncan Miriri and George Obulutsa; Editing by Mark Potter and Kim CoghillOur Standards: The Thomson Reuters Trust Principles.
Persons: Thomas Mukoya, William Ruto, Ruto, Rigathi Gachagua, Gachagua, Duncan Miriri, George Obulutsa, Mark Potter, Kim Coghill Organizations: Jomo Kenyatta International Airport, China, Bridge Corporation, REUTERS, Rights, Thomson Locations: Nairobi, Mombasa, Embakasi district, Kenya, Rights NAIROBI, Beijing, East, China
Developing countries facing a debt crunch
  + stars: | 2023-10-04 | by ( ) www.reuters.com   time to read: +6 min
EGYPTNorth Africa's largest economy needs to repay some $100 billion of hard-currency debt over the next five years. Egypt has a $3 billion IMF programme and has devalued the pound by roughly 50% since February 2022. Its progress in restructuring both domestic debt and $30 billion in external debt has been fairly swift and it secured a $3 billion IMF bailout in May. The next tranche of a $2.9 billion IMF bailout package could be delayed over a potential government revenue shortfall. A repair plan finally appeared imminent after Zambia clinched a $6.3 billion debt rework deal with the Paris Club creditor nations and China, its other big bilateral lender, in June.
Persons: Moody's, William Ruto's, Kais Saied, Libby George, Shri Navaratnam Organizations: World Bank, African Development Bank, IMF, UAE, SRI, SRI LANKA Sri, European Union, Zambia, Paris Club, Sri, Thomson Locations: Marrakech, EGYPT, Cairo, Egypt, ETHIOPIA, Ethiopia, China, GHANA Ghana, Accra, KENYA, Kenya, LEBANON Lebanon, PAKISTAN Pakistan, Saudi Arabia, SRI LANKA, SRI LANKA Sri Lanka, TUNISIA, Tunisia, UKRAINE Ukraine, Ukraine, United States, ZAMBIA, Zambia
Total: 25