Donation Amount. Min £2

East Africa

Police car. PHOTO/Courtesy
 A suspected carjacker was on Friday, September 8, 2023, shot dead by police while another was arrested during a raid in Machakos.

According to police commander Patrick Lobolia, the two were highly involved in a car theft syndicate causing sleepless nights to residents in Machakos and neighbouring counties. The stolen vehicles would then be sold to neighbouring counties.

"For the last few weeks, they have been targeting D-Max vehicles along Mombasa Road. We believe that once stolen the vehicles are taken to a neighbouring country," the police boss said.

Lobolia noted that the arrested suspects' primary role in the syndicate was to deactivate the vehicle tracking systems.

In the recent incident that led to their arrest, the two had rented out the vehicle recovered from a car-hiring service situated at City Cabanas. At the time, they claimed that they needed it to transport some items to Machakos.

The car hire service was inclusive of an in-house driver who drove them to their destination. 

Shortly after taking off, the two allegedly commandeered the truck and disabled only two of its tracking devices unaware of a third tracking device pinned on the track.

The driver was able to escape and reported the matter to Kyumbi police station leading to a police chase.

The officers were able to catch up with the gang after following the truck. However, they only managed to arrest one suspect after the others escaped in another vehicle. 

The officers recovered a stolen Isuzu D-max truck and a fake gun during the operation. They also seized four Safaricom lines, two Airtel lines and a toy pistol.

"Police officers caught up with the gang at Mutituni, with some of the suspects managing to escape in another vehicle. We recovered four Safaricom lines, two Airtel lines and a toy pistol," Lobolia added. By , K24

 

JUBA, SEPTEMBER 8, 2023 (SUDANS POST) – President Salva Kiir has appointed Ramadan Mohamed Abdallah Goc as the new deputy foreign minister.

The announcement was made in a presidential decree read out on the state-owned South Sudan Broadcasting Corporation (SSBC) on Thursday.

Goc is a young SPLM cadre who has served in a number of positions in the ruling party.

He was the secretary of information of the SPLM party after South Sudan’s independence in 2011.

He also served as the secretary for training, research and planning at the SPLM northern sector secretariat before South Sudan’s independence from Sudan.

Goc is currently a lecturer at Bahr el Ghazal University. He is a graduate of the University of Khartoum and the University of Juba.

Goc’s appointment is seen as a move by President Kiir to reward a loyal SPLM cadre. It is also seen as a way to bring in new blood to the Ministry of Foreign Affairs.

Goc’s predecessor, Deng Dau Deng, was removed from his position as deputy foreign minister last week by President Kiir. The reasons for Deng’s removal are not clear.

The appointment of Goc is the latest in a series of changes that President Kiir has made to his government in recent months. The changes are seen as an attempt by Kiir to consolidate his power and to appease his allies in the SPLM party.

The revitalized peace agreement, which was signed in 2018, stipulates that the SPLM party is to select the deputy foreign minister.

Goc’s appointment is likely to be welcomed by the SPLM party.

He is a young and relatively unknown figure, which could make him more acceptable to the party’s base.

He is also a graduate of two prestigious universities, which could give him the credibility to be an effective diplomat.

However, Goc’s lack of experience in foreign affairs could be a liability. The Ministry of Foreign Affairs is a complex and demanding institution, and Goc will need to quickly learn the ropes if he is to be successful in his new role. - Sudans Post

The Sudanese paramilitary Rapid Support Forces (RSF) rejected US sanctions Thursday that were imposed on its leader Abdel-Rahim Dagalo during the war which has continued for almost five months.

The armed group described the sanctions for human rights abuses and atrocities as selective, unfair and based on false information. It accused Washington of blinding eyes from violations committed by the Sudanese Armed Forces (SAF) during the war, including airstrikes.

The RSF warned that the US move against the group would reflect negatively on roles by Washington to mediate an end to the war.

“RSF is welcoming any efforts to stop the war, through addressing its root causes which will lead to the stabilization of the political troubles and the war,” it said. 

The US imposed sanctions Wednesday on paramilitary commander Abdel-Rahim, who is the brother of RSF leader Mohamed Hamdan Dagalo (Hemedti), for acts of violence, “including the massacre of civilians, ethnic killings, and use of sexual violence.”

The US Treasury Department’s Office of Foreign Assets Control said: “Both sides have failed to implement a ceasefire, and the RSF and allied militias have been credibly accused of extensive human rights abuses in Darfur and elsewhere,” since the war started in April. Yeni Safak



The Directorate of Criminal Investigations (DCI) has detailed how a Kenyan registered investment firm fleeced over 5,000 investors of their hard-earned cash in a well-choreographed scheme.

The DCI disclosed on Thursday that NMK Capital Investment Limited, masquerading as a legitimate investment entity, lured thousands of unsuspecting investors into a deceptive web, where they ultimately lost their hard-earned money.

The agency said the suspicious company believed to have been registered in the country in 2021 has seven directors, among them one Ngugi Mucheru Keeru (NMK) whom authorities identified as the sole Director and Signatory of a sister company; Bidsworth Autorents Capital Limited.

The DCI’s Serious Crime Unit said that it had received numerous complaints from victims who ventured into the scheme, laying claims that nothing is left of their thousands and millions of investment after the directors fell out and the key suspect, Keeru went into hiding.

 “In the streetwise machinations, over 5,000 investors were hoodwinked to enter into a 6 months contract with NMK with a minimum investment of Sh50,000,” the DCI said while explaining the modus operandi of the scheme.

“This would accrue a redeemable monthly interest of 15 per cent, or a similar percentage of compounded interest redeemable at the end of the contract period (6 months).”

Additionally, the company ventured into car hire services, leasing vehicles from unsuspecting members of the public and then renting them out to individuals and agencies.

Car owners reportedly received only 30 per cent of the proceeds from the company.

 The scheme also extended into off-plan property investments.

The agency says, investors are reporting to have lost millions of monies from the investment and payments made for off-plan houses, while some of those who leased out their vehicles have no track of them.

The DCI cautioned the public against engaging in any business with the two companies noting that its detectives are currently investigating them.

The agency advised Kenyans to exercise caution and due diligence before engaging in any such fraudulent ventures. By Bruhan Makong, Capital News

 

Kenya needs to refinance its maturing $2 billion 2014 Eurobond by June next year. PHOTO | SHUTTERSTOCK/Photo Courtesy 

 

African sovereigns will continue to face steep borrowing costs in the international market in the near term due to attractive rates on offer in the US financial market, complicating efforts to retire maturing Eurobonds for several states in the next two years.

Citi Managing Director and Africa head of markets George Asante told the Business Daily that market access conditions have been difficult for African countries and companies, especially for Eurobonds, primarily due to risk aversion on tough economic conditions and pricing due to higher rates on offer in developed markets.

"The risk premium is also being applied in domestic markets," he noted.

 

“When someone can get five or six percent in the US then it becomes more challenging to convince them of a similar yield on an African asset. Therefore, for Africa to achieve a lower cost of funding, you almost need to wait for the US to turn the curve.”

 

In the US, the Federal Reserve has progressively raised its benchmark rate, to the current range of 5.25 -5.5 percent, even though inflation has eased in the country. The most recent increase was seen in July, at 0.25 percentage points.

The sharp hikes—from 0.25- 0.5 percent in March 2022— have seen issuers like Kenya struggle to issue a sovereign bond in the past one year due to concerns about the high rate demands by potential lenders.

The country has instead leaned on concessional lending by Bretton Woods institutions and bilateral agreements for external funding.

Kenya needs to refinance its maturing $2 billion 2014 Eurobond by June next year.

Read: Debt headache as Kenya seeks new Eurobond

Among the other African issuers, Zambia has a $1-billion Eurobond also due next year, while Angola’s $1.5 billion bond floated in 2015 is due for retirement in 2025, but a third has been partially redeemed through a buy-back.

To get around the high cost of financing, Asante said that sovereigns need to diversify their source of loans.

Getting more lenders to the table will also help even out supply and demand, thus tightening the premium being paid from a real yield perspective.

Other than refinancing existing debt, the Kenya government has also recently announced an expansion of its external borrowing plan to carry the bulk of funding the current fiscal year’s budget deficit.

Last month, the Central Bank of Kenya disclosed that the National Treasury had cut the net domestic borrowing target from Ksh586.5 billion ($4 billion) to Ksh316 billion ($2.2 billion).

The Ksh270.5 billion ($1.9 billion) difference was transferred to the external target, raising it to Ksh402 billion ($2.8 billion) from Ksh131.5 billion ($900.7 million) previously.

The enhanced external funding, the monetary regulator said, will be largely concessional, but there is also some to be accessed that will be on commercial terms. Business Daily

About IEA Media Ltd

Informer East Africa is a UK based diaspora Newspaper. It is a unique platform connecting East Africans at home and abroad through news dissemination. It is a forum to learn together, grow together and get entertained at the same time.

To advertise events or products, get in touch by info [at] informereastafrica [dot] com or call +447957636854.
If you have an issue or a story, get in touch with the editor through editor[at] informereastafrica [dot] com or call +447886544135.

We also accept donations from our supporters. Please click on "donate". Your donations will go along way in supporting the newspaper.

Get in touch

Our Offices

London, UK
+44 7886 544135
editor (@) informereastafrica.com
Slough, UK
+44 7957 636854
info (@) informereastafrica.com

Latest News

African leaders endorse peace process to end conflict in eastern DR Congo

African leaders endo...

Botswana's former president appointed to panel of facilitators to steer inclusive dialogue. LUSAKA,...

Ethiopia, Uganda Agree To Strengthen Ties As Museveni Visits Cairo

Ethiopia, Uganda Agr...

Toronto – Ethiopia and Uganda held talks in the Ethiopian capital Addis Ababa as President Museveni...

Assessment of recent policy announcements illustrates gulf in departments' approaches to transparency

Assessment of recent...

IEA News The latest transparency reviews of government policy measures have found inconsistent perfo...

China rolls out new visa category for young science talent

China rolls out new...

The K visa is a new addition to the ordinary visa categories with the new rules taking effect on Oct...

For Advertisement

Big Reach

Informer East Africa is one platform for all people. It is a platform where you find so many professionals under one umbrella serving the African communities together.

Very Flexible

We exist to inform you, hear from you and connect you with what is happening around you. We do this professionally and timely as we endeavour to capture all that you should never miss. Informer East Africa is simply news for right now and the future.

Quality News

We only bring to you news that is verified, checked and follows strict journalistic guidelines and standards. We believe in 1. Objective coverage, 2. Impartiality and 3. Fair play.

Banner & Video Ads

A banner & video advertisement from our sponsors will show up every once in a while. It keeps us and our writers coffee replenished.