Page 5 - From Third World News Today

Kenyans on Twitter (#KOT) – a fraternity not to be messed with on global social media – recently took on the IMF following the announcement that the Fund had approved another US$2.34 billion facility for the Kenyan government. The loan is intended to mitigate the fiscal crunch that has been exacerbated by the COVID-19 pandemic. #KOT’s concern was that the current ruling elite is so corrupt that not only have they stolen and misspent what they had previously borrowed, leading to a public d...

In his seminal work The Prince , Nic...

Ken Ugbechie He likens himself to an orphan and only child. Not in the classical sense of having no parents and siblings, but on account of his independent-mindedness, the fate of having always to walk alone, act as his own adviser and being the first to take a leap, a trait that has set him apart as Africa’s foremost serial pioneer digital entrepreneur. He’s our modern day Prometheus. In Greek mythology, Prometheus, a Titan, was credited with innovation and creative abilities. Heâ€...

Thursday 4th February, 2021 The national flag is fluttering majestically and grand preparations have been made for today’s celebrations to mark the day when the British retroceded this land to its rightful owners. Patriotic excitement has reached fever-pitch. Newspapers traditionally strike a positive note in their editorial comments on a day like this, but why should depressing political, economic and social realities be ignored? Sri Lankans are known for celebrating what they lack; they are...

IN his memoir, From Third World to First, The Singapore Story 1965-2000, Lee Kuan Yew said that before he retired in 1990, he wanted to clear the decks for his successor Goh Chok Tong. One sticky matter was the KTM railway line and land in Singapore. Singapore wanted to move the joint Customs, Immigration and Quarantine (CIQ) checkpoint from where the KTM railway line ended in Tanjong Pagar at the southern tip of the island to Woodlands in the north and close to the Johor-Singapore Causeway. Si...

Economic impacts of Covid-19 and steps to deliver firm recovery Wednesday December 16 2020 By MBUI WAGACHA Summary In Kenya, although the CBK has its issues, our failure in public finances in the national and county governments is the phenomenal elephant in the room. It will hurt generations to come. Covid-19 has not just hardened the fundamentals but also unveiled new highs in venality. An intellectual colleague at the CBK once compared our reliance on people with little in knowledge-based pol...