The macro fund’s performance was nearly double the 8.8% advance posted by the Bloomberg index for hedge funds focused on emerging-market debt. Similar gains are possible this year as Sri Lanka, Ghana and Zambia conclude debt restructurings — potentially sparking a new bond rally, Promeritum says. Slowing inflation could also provide a tailwind for local debt from South Africa to central and eastern Europe. Kenya’s $1.5 billion sale of seven-year bonds demonstrated that even a country with stressed state finances can access the international debt market to refinance. Sri Lanka accounts for 13% of the fund’s investments, followed by 11% for Tunisia and 8% for Nigeria, according to a letter Promeritum sent to clients.

The proprietor of the gas refilling company- Maxxis Energy Nairobi Limited- Derick Kimathi where a gas tanker exploded killing 12 people and leaving over 600 with serious burn wounds, has been released on bond of Sh2 million. The court granted Mr Kimathi the alternative of paying a cash bail of Sh500,000 to secure his release. Milimani senior principal magistrate Dolphina Alego freed Mr Kimathi after declining a fresh plea by the prosecution to detain him for a further 14 days to enable police to complete investigations. Meanwhile, city politician Francis Mureithi has sued the government seeking compensation on behalf of victims of the fire tragedy that occurred early this month. He said the facility was allowed to operate and licensed in dubious circumstances, despite the same being situated in a densely populated residential area.

[Lilian Chepkoech, Standard]A woman has been charged over an alleged plot to kill her son-in-law. Saphina Amudede was accused of conspiring with a security guard to allegedly eliminate her son-in-law in a row over a rented house. The court heard that a police officer posed as the hitman and nabbed the woman. The suspect, the prosecution said had sent the said hitman a photo of the son-in-law and instructions on how to carry out the killing. The court was told that the suspect sent the ‘hitman’ Sh16,000 as a down payment and was to complete the balance after the work was done.

This is Modi Ki Guarantee - Idu Modiyin Guarantee: PM Modi to Tamil NaduPrime Minister Narendra Modi addressed an enthusiastic crowd in Tirunelveli, Tamil Nadu. Reminiscing the divine spiritual and religious history of Tamil Nadu, the PM mentioned that Tamil Nadu has a profound link with Shri Ram and that the PM also visited Dhanushkodi and numerous temples ahead of the grand Ayodhya event. They have pasted the sticker of China to take credit for ISRO launchpad in Tamil Nadu. They want to join the government so that they can take their family forward and fill their family's pockets.”The PM emphasized on the need for Tamil Nadu to have a strong leadership and said that Tamil Nadu, known for leading societal progress, deserves leaders who prioritize its development. pic.twitter.com/nLTwKjWNGr — narendramodi_in (@narendramodi_in) February 28, 2024Creating opportunities for youth of Tamil Nadu to flourish.

Coca-Cola Sri Lanka celebrates the resounding success of its first Coke Kottu Beat Party for 2024, held at the Elpitiya Public Ground, with an astounding turnout of approximately 35,000 attendees. The overwhelming positivity and active engagement witnessed at the Coke Kottu Beat Party signifies a burgeoning awareness and support for eco-friendly practices among Sri Lankan communities. Leveraging insights from extensive research, Coca-Cola ingeniously forged a connection between Kottu and its iconic brand, giving rise to the sensational Coke Kottu Beat Party. The Coke Kottu Beat Party emerged as a dynamic platform, seamlessly blending Sri Lankans' passion for music with their deep-rooted love for Kottu. Several Coke Kottu Beat Parties will be executed in 2024 across Sri Lanka giving all the opportunity to have a refreshing and magical experience.

The government has set in motion the process to save about 200 state agencies whose legal instruments expired last month from dissolution. Through government-backed proposed legislation- The Statutory Instruments (Amendment) Bill, 2024, Members of the National Assembly now want the expiry provision in the Act, repealed. The 1,764 agencies are presently in breach of law after their operating instruments expired on January 25, 2024, as provided in the Statutory Instruments Act, 2013. The Bill sponsored by Majority leader Kimani Ichung’wah states the statutory instruments creating the laws for the agencies will continue to operate beyond January 24, 2024. The current Statutory Instruments Act, 2013 provides for the expiry of the laws creating the agencies after 10 years unless there is a regulation seeking to exempt them from the expiry.

(WKRC) - A seven-year-old boy died while trying to retrieve a ball. According to a statement from the , seven-year-old Kaiden Coke of Ringgold, Louisiana was playing with a ball when the driver of a Dodge Ram pulled into a nearby parking space in a private lot. Per the statement, "for reasons still under investigation," Coke lost the ball, which then rolled under the truck. The seven-year-old went to retrieve the ball, and the driver, unaware that the child was beneath the vehicle, pulled out of the space. He was seven years old and had so much love and joy to spread," Coke's brother, Damien Coke, wrote on the GoFundMe page.

Organisers have revealed the first group of star-studded presenters for the 96th annual Oscars ceremony. Dune star Zendaya will join Academy Award-winner Al Pacino and three-time nominee Michelle Pfeiffer to present during showbiz’s biggest night of the year, at the Dolby Theatre in Los Angeles on March 10. Also presenting will be last year’s four acting winners: Brendan Fraser from The Whale, and Michelle Yeoh (pic), Ke Huy Quan, and Jamie Lee Curtis from Everything Everywhere All At Once, it was announced on Monday. More celebrities will be added to the presenting line-up ahead of the ceremony, hosted for the fourth time by late-night, US talk show host Jimmy Kimmel. The ceremony will be broadcast live from Los Angeles on March 10.

She was in the company of another woman while following an EPL match before the tragedy befell. The woman celebrated a goal irking her friend who allegedly pushed her on the floor, losing her consciousness after the fall. Naivasha OCPD Stephen Kirui said the suspect was in custody and would be arraigned once investigations were through. The president is hopeful that his political foe-turned-ally will succeed in his bid for the African Union Commission chairmanship. The agenda mainly was Raila's African Union Commission (AUC) chairmanship candidature.

Then came its sugar-free counterparts, Diet Coke and Coke Zero. So we wanted to answer the question, Is your daily Diet Coke really that bad? "Having one Diet Coke every day isn't the worst health practice—but it isn't the best either," said dietician nutritionist Lauren Manaker. "Will having one Diet Coke per day result in detrimental effects, especially if the rest of the day is filled with water drinking and balance diet eating? Diet Coke launched in 1982, and was aimed at baby boomers, who, according to Coca-Cola, "were getting 20 years older and 20 pounds heavier."

French police have seized 72 firearms and more than 3,000 rounds of ammunition from the home of screen legend Alain Delon. A shooting range was also found at the actor's home in Douchy-Montcorbon, about 135km (84 miles) south of Paris. The search on Tuesday was ordered after a court-appointed official sent to Mr Delon's home noticed a weapon and alerted a judge. The latest legal exchanges were over Mr Delon's medical treatment and last month a court-sanctioned doctor examined him, but his conclusions were immediately disputed by the children. Mr Delon's last major public appearance was to receive an honorary Palme d'Or at the Cannes Film Festival in 2019.

Barcelona - In a momentous victory for Kenya's burgeoning ICT sector, the country has clinched the bid to host the 2024 Transform Africa Summit (TAS). Smart Africa Alliance selects Kenya as host nationThe Smart Africa Alliance, a prominent Pan-African agency for ICTs, selected Kenya as the host nation for this prestigious event, highlighting the country's unparalleled leadership in the ICT landscape. For the first time in the Smart Africa Alliance's ten-year history, the Transform Africa Summit will convene in Kenya. The Transform Africa Summit is a pivotal forum for global and regional leaders to collaborate on shaping Africa's digital future, with over 5,000 delegates expected to attend. Africa Tech Summit 2024 featured multiple sessions showcasing technology opportunities and innovations while offering networking opportunities and insights from industry leaders.

Africa’s fastest man Ferdinand Omanyala has his work cut out as he is up against tough opponents at this weekend’s World Indoor Championship in Glasgow, Scotland. Ferdinand Omanyala has a tough task at the World Indoor Championships in Glasgow this weekend as he is up against formidable opponents in the 60m, led by world 100m champion Noah Lyles. On the day, Lyles beat 60m world record holder Christian Coleman who managed 6.44 and the two go into the race as the favourites to clinch gold. Coleman holds the World Indoor record of 6.34 recorded at the US Indoor Championships in 2018 and is seeking to get his revenge against Lyles in Glasgow this weekend. Kenya’s Omanyala will also fancy his chances after a good start to his season following back-to-back 60m indoor national records in France in over a week.

Every Kenyan, including unemployed youth aged over 25, will be required to pay for the new Social Health Insurance Fund (SHIF). According to the announcement from the Ministry of Health, unemployed Kenyan youth will not be exempted from the new monthly contribution to the Social Health Insurance Fund (SHIF) starting from July 1, 2024. Health Minister Susan Nakhumicha stated that the monthly contribution to the program will be mandatory for all Kenyans aged over 25. However, CS Nakhumicha emphasized that those who are unemployed and aged over 25 will be required to pay a contribution of KSh 300. According to Minister Nahumicha, only youth under the age of 25 will enjoy the benefits through their parents.

Kenyans have expressed mixed reactions after an abnormal load was spotted being transported across the country. The journey, which began on February 1, 2024, from the Kenya Ports Authority, has become a viral sensation, with videos and photos circulating online, capturing the nation's attention. The boat, securely mounted on a wide truck, has been making its way through various towns and cities, creating a trail of laughter and disbelief among onlookers. The boat's journey has sparked mixed reactions on social media, with Kenyans sharing jokes, memes, and witty remarks about the peculiar sight. Netizens react to videos of abnormal load027 wrote:"Tuambie eldy ita branch side gani, juu ya fly over mail 4."