π Oops! S.Africa's R100 Banknote Has a Spelling Error
Plus: π¬π³ Guinea's Military Government Under Fire, π³π¬ Shell Gets a Pass on Nigerian Oil Spill, πͺπΉ Pesticide Overload in Ethiopia Costs the Country $500m, β And much more...
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Safaricom: Taking a Hit to Go Global | Kenyan telecoms operator Safaricom is taking a hit in the wallet in order to expand its business to Ethiopia. The group's core earnings fell by a fifth in the year to March 31 due to the costs of setting up shop in Ethiopia, but CEO Peter Ndegwa believes itβs worth it. Theyβve already signed up two million active users and have been awarded a mobile financial services license. Unfortunately, Safaricomβs stock has taken a nosedive, losing more than a third of its value this year due to global market volatility and a dollar shortage in Kenya.
*Data accurate as of the close of markets across the continent
ECONOMY
Oops! S.Africa's R100 Banknote Has a Spelling Error
The South African Reserve Bank (SARB) recently unveiled its new R100 banknote β but apparently, it came with a spelling error.
First, what are the new banknotes like?
The new note retains the βBig Fiveβ animals and Nelson Mandelaβs face, but the notes have been designed to emphasise family, with adult animals and their offspring depicted.
There are also changes to their colour.
So what did they get wrong?
The mistake has been spotted among the Xitsonga-speaking communities. On the βoldβ R100 notes, the Xitsonga translation for βReserve Bankβ was written as βBanginkuluβ. On the new note, the translation reads βBangikuluβ, with the second βNβ dropped.
The Pan South African Language Board, which was responsible for the translation, said that the extra βNβ was incorrect on the βoldβ notes, and that it is only used when referring to a person, not an institution.
But Xitsonga-speaking communities dispute this explanation, arguing that the βNβ is necessary and that removing it changes the meaning of the word.
They have blamed the lack of consultation with language experts as the cause for the misspelling.
The SARB has since said that it is currently looking into the issue, and will work with language experts to come to an agreement.
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OTHER HEADLINES
Across the Continent
π¬π³Β Guinea's Military Government Under Fire |Β The West African nation is in the middle of yet another wave of anti-government protests, with police in riot gear cracking down on demonstrators who are throwing rocks and burning tires. So far, at least seven people have been killed and 32 wounded in the capital city of Conakry and other cities. The military government that seized power in 2021 has yet to respond to the allegations, but they have proposed a two-year transition to democracyβwhich, as far as protesters are concerned, isn't fast enough.
π³π¬Β Shell Gets a Pass on Nigerian Oil Spill |Β Bad news for Nigerians living in the oil-producing Niger Delta: the UK Supreme Court ruled on Wednesday that it was too late to sue Shell over a 2011 offshore oil spill that reportedly had a devastating long-term impact on the coastal area. Shell had been fighting the case for years, denying that the spill had polluted the land and waterways, and the court didnβt even have to rule on the facts of the case because the legal deadline had already passed. Two brave Nigerian citizens had tried to fight the ruling, but alas, their efforts werenβt enough to overturn the decision. Shell said the Supreme Court ruling had βbrought to an end all legal claims in English courtsβ related to the spill.
πͺπΉΒ Pesticide Overload in Ethiopia |Β In Ethiopia, pesticide use got so out of hand that honeybees were dropping like flies. A new study estimates that billions of honeybees died or abandoned their hives in Ethiopia between 2019 and 2021, thanks to the increased use of synthetic pesticides to control swarms of locusts. And honey production has plummeted by 80%, costing the country $500 million in losses. However, this isnβt just a honey problemβthe lack of pollinators could lead to an ecosystem-wide disaster.
FOOD FOR THOUGHT
Proverb of the Day
βThe only time you will see a quiet snake is when it has swallowed another snake.β
β Kenyan Proverb.