Kenya’s economy grew by 5.0% in the first quarter of 2024, a slight decline from the 5.5% growth recorded in the same period last year, according to a report by the Kenya National Bureau of Statistics (KNBS) released on Wednesday. Key sectors contributing to this growth included agriculture, forestry and fishing, real estate, financial and […]
The 2024 World Intelligence Expo showcased a humanoid robot named Xiao Qi, captivating visitors at the National Convention and Exhibition Center in Tianjin. This event highlights China’s significant advancements in generative artificial intelligence (AI), where the country has emerged as a global leader in patent filings. A recent United Nations report reveals that from 2014 […]
In response to the United States’ new subsidies aimed at enhancing domestic electric vehicle (EV) production, Chinese manufacturers are increasingly investing in Morocco. This North African country has become an unexpected hotspot for such investments, with plans for new factories near Tangiers and industrial parks along the Atlantic Ocean. These factories aim to produce parts […]
Kenya’s economic prospects are under scrutiny as the country grapples with recent anti-government protests that disrupted business activities across major cities. Spanning from June 18 to June 27, these protests have heightened concerns about Kenya’s economic stability, impacting investor confidence and leading to a 0.29 percent depreciation of the Kenyan shilling. The protests have exacerbated […]
Sixth Street, a prominent U.S.-based investment firm, has announced an ambitious European expansion, driven by the growth of private credit markets. The firm is establishing a new regional headquarters in London’s Mayfair district and plans to add up to 20 new employees this year, marking its largest recruitment drive in Europe to date. Strategic Growth […]
In a move that could significantly boost Nigeria’s non-oil exports, Agriculture Minister Mohammad Abubakar announced that Saudi Arabia has expressed interest in importing 200,000 tonnes of red meat and one million tonnes of soybeans annually from Nigeria. Economic Diversification and Stability Facing severe dollar shortages and a weakened naira, Nigeria has been actively seeking to […]
Kenyan President William Ruto has announced plans to increase borrowing in response to the recent rejection of a finance bill aimed at boosting tax revenue. Following deadly protests and the subsequent withdrawal of the bill, Ruto emphasized in a televised interview that its failure has hindered government efforts to manage Kenya’s mounting debt, which currently […]
Oil prices saw a slight decline at the end of the previous week, due to tepid U.S. fuel demand and investors cashing in profits as the quarter ended. This comes as inflation data for May increased the likelihood of the Federal Reserve cutting interest rates later this year. Market Movements Brent crude futures for August, […]
The recently inaugurated Dangote Petroleum Refinery, a $20 billion venture by Africa’s richest man Aliko Dangote, is significantly increasing its gasoil exports to West Africa, marking a notable shift in the region’s energy dynamics. In May, the refinery’s gasoil exports surged to nearly 100,000 barrels per day (bpd), almost double the exports from April, according […]
In a recent forum, experts highlighted the crucial synergy between Micro, Small, and Medium Enterprises (MSMEs) and the burgeoning e-commerce sector as pivotal to Kenya’s economic growth trajectory. Kenya’s economy thrives on its diverse MSME sector, encompassing over 7.4 million enterprises across key industries such as agriculture, logistics, and services. These enterprises, predominantly led by […]
Starting May 1, 2026, Kenyan agricultural products will enter the Chinese market completely free of import duties — a development...
On Monday, March 16, 2026, Cuba's national electricity grid suffered a complete collapse, plunging the island nation of roughly 10...
African mining markets are experiencing an unprecedented surge in greenfield exploration, as governments and private investors race to secure new...
Kenya's Real Estate Investment Trusts market has reached a valuation that would have seemed improbable just five years ago. Data...
