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Key lessons from the other side of failure Tuesday April 06 2021 Summary In most contracts, force Majeure is a clause that removes liability for inability to honour obligations due to catastrophic events that are construed as acts of God such natural disasters. It also includes unforeseeable occurrences such as warfare, epidemics and lockdowns. When such things occur, such as many of them are occurring in many people’s lives globally, there is very little people can do to avert consequences. We all encounter challenges and failures in our lives. This is regardless of how smart we are or wha...

Fishermen of the Lamu County, on the Northen coast of Kenya, took to the sea with their dhows to protest against rising tensions between the Kenyan and Somalian authorities, over their long-running maritime border dispute. Since 2014, Somalia has been asking the UN's International Court of Justice to rule over contested waters of the Indian Ocean. But with Kenyan representatives refusing to partake in the hearings, negociations seem to have hit a deadlock. "It is not too late for both countries, Somali and Kenya, to explore other obvious channels including the IGAD, the African Union or even ...

Banks provide more than funds to business Tuesday March 16 2021 Summary Banks are known to deal with money and it does not occur to many entrepreneurs that they can get advisory services, often at no cost. In most cases misinformed entrepreneurs borrow money to finance their business whereas what they need is something like letter of credit from a bank or advice on how to manage cash flow for growth. Recently I read an insightful article where Elizabeth Wasunna, the director of business banking at Absa Bank highlighted some of the funding mistakes customers make. What caught my attention was...

Kenyan fishermen fear losing out in Somali maritime border spat AFP 3/15/2021 AFP © Tony KARUMBA Kenyan fishermen fear losing access to the bountiful waters their country and Somalia are at odds over "It is not only about oil and gas": Kenyan fishermen on Monday protested the feared loss of their livelihoods as an international court pored over a sea border dispute with Somalia. Hearings into the seven-year-old case brought by Somalia began at the International Court of Justice in The Hague, with Kenya refusing to participate. Meanwhile about 60 fishermen gathered thousan...

Papua New Guinea's border security shortcomings have been highlighted amid a surge in Covid-19 cases. The country's total number of confirmed cases of the virus stands at 1139 with 11 fatal cases, the latest being a 67-year-old man from the National Capital District who died in recent days. Papua New Guinea map with Western Province highlighted in red. Photo: wikicommons The two PNG provinces which abut the border with Indonesia, Western Province and West Sepik, have reported dozens of new cases in recent days. West Sepik, or Sandaun, has 39 cases. All but two of them were confirmed this mon...