Nepal’s week-long youth-led protests have already toppled Prime Minister KP Sharma Oli, and attention is swiftly turning to Kathmandu Mayor Balendra Shah, better known as “Balen”, as the face of a possible new leadership. Demonstrations, driven largely by Gen Z, erupted after the government banned 26 major social media platforms, including Facebook, Instagram, YouTube, and […]
Read MoreNepal Prime Minister KP Sharma Oli resigned today (9 September), his aide said, as anti-corruption demonstrators defied an indefinite curfew and clashed with police, a day after 19 people died in violent protests triggered by a social media ban. “The PM has quit,” Oli’s aide Prakash Silwal told Reuters, a move that plunges the country […]
Read MoreKathmandu: At least 19 people, including a 12-year-old, were killed and more than 300 were injured in violent clashes in Nepal’s Kathmandu as Gen-Z protestors took to the streets to protest against corruption and the government’s ban on several media apps. The army was deployed in the Nepali capital after angry protesters broke curfew restrictions […]
Read MoreBloomberg: Human waste, empty oxygen cylinders, kitchen leftovers and discarded ladders. Sherpas working on Mount Everest carry all that and more – 20 kilograms (44 pounds) per person – navigating a four-hour hike that traverses crumbling glacial ice and treacherous crevasses to bring trash back to base camp. During the most recent climbing season, they had […]
Read MoreKathmandu: Nepali Sherpa guide Kami Rita scaled Mount Everest for the 31st time on Tuesday, breaking the record he set last year. The 55-year-old reached the 8,849-metre (29,032 foot) peak – the highest in the world – by the traditional southeast ridge route while guiding a 22-member Indian army team, officials said, adding that 27 other […]
Read MoreA social media bill in Nepal’s parliament proposing imprisonment and fines in several provisions would “severely undermine” press freedom, activists warned on Feb. 24. Under the proposed law, social media posts deemed against national sovereignty or interest could be punished with jail or a fine of 500,000 Nepali rupees (around $3,600) — and give the […]
Read MoreNepal said on Monday seven more projects funded by the United States have been put on hold after President Donald Trump suspended foreign development assistance. President Donald Trump ordered a 90-day pause in US foreign development assistance on the day he returned to the White House, pending assessments of efficiency and consistency with US foreign […]
Read MoreBritish International Investment (BII), the UK’s development finance institution, has signed a $15 million trade loan agreement with Sanima Bank of Nepal. The credit facility will support Sanima Bank’s trade finance activities, funding the import of capital goods for renewable energy projects, particularly in hydropower, as well as manufacturing, food, and agriculture. Hydropower accounts for […]
Read MoreNepal’s ambitious infrastructure expansion, backed by a $500 million grant from the United States, has been cast into uncertainty following the Trump administration’s decision to suspend foreign aid. The move, which comes as part of a broader freeze on international funding, has sparked concerns in Kathmandu, where leaders fear the setback could strengthen China’s influence […]
Read MoreMCC projects in Nepal have also been halted following the suspension of USAID initiatives. The Millennium Challenge Corporation (MCC), a U.S. aid agency, is facing setbacks as a result. On February 14, the U.S. government sent a letter informing that the implementation of MCC projects should be paused. According to the Ministry of Finance, the […]
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