Business & Economy
Featured News Stories
Kenyan Government Clears Farmer Dues Amid Funding Warnings and Investment Interest
The Kenyan government has confirmed that all outstanding payments to Mwea rice farmers have been fully settled, aligning with an agreement between farmers and the Kenya National Trading Corporation (KNTC). This was announced by Mwea Rice Growers Multipurpose Co-operative Society Managing Director Anthony Waweru. At the same time, a delegation of Chinese investors is visiting Kenya to explore investment opportunities in the country’s agricultural sector, emphasizing boosting food security. However, the Institute of Public Finance (IPF), a Kenyan think tank, has issued a warning that reduced funding for the agricultural sector could impede its growth. Separately, regulators have assured that Kenya's sugar supply is secure despite a challenging production period beginning in 2025.
TikTok Finalizes US Deal as Australia Bans Under-16 Social Media Users
TikTok has finalized a deal to separate its US operations from its global business, which concludes a multi-year dispute between Washington and Beijing over national security concerns. This deal allows the popular app to continue operating in the United States, securing its future for its 200 million American users as a new entity takes over operations. In separate regulatory action, social media companies are complying with Australia's landmark ban preventing users under 16 from having accounts. According to Australia's eSafety Commissioner Julie Inman Grant, the policy was implemented in December. The move has already resulted in the shutdown of 4.7 million child accounts.
