First Independent Mena Newspaper
Kenya, Egypt, Nigeria, and South Africa have emerged as the top investment destinations in Africa for funding in 2023, as the quartet of markets collectively accounted for a dominant 68% share of the continent’s total investment influx last year, according to a new report. The report entitled ‘The Africa Investment Report 2023’ provides a compelling […]
The UN-authorized, Kenya-led multinational armed force that is expected to begin arriving in Haiti in early 2024 to assist the national police in its fights against gangs besieging much of the country will face multiple challenges, a recent report published by the Belgium-based International Crisis Group (ICG) warns. The Kenyan-led multinational mission that was approved […]
African countries have faced a myriad of challenges in 2023, not the least of which was currency devaluation, with Nigeria’s Naira and Kenyan Shilling experiencing their largest drop in value against the greenback in 24 and 30 years respectively. While Nigeria and Kenya recorded significant growth across numerous industries, there were still instances of socio-economic […]
The leader of Sudan’s paramilitary Rapid Support Forces (RSF) has visited Ethiopia and Uganda on his first trip abroad since war broke out with Sudan’s army in April, as regional diplomats scramble to broker a face-to-face meeting between both warring sides. The RSF commander Mohamed Hamdan Dagalo Thursday (28 December) met with Ethiopia’s Deputy Prime […]
As Kenya is moving closer to sealing an Economic Partnership Agreement (EPA) with the European Union, the East African economic powerhouse has also announced the possibility of a $1bn loan from China that could be used to help pay off a $2bn Eurobond repayment that is due in June next year. Kenya’s economic partnership deal […]
The Kingdom of Morocco has successfully thwarted terrorism through its efficient intelligence services, capable of locating any terrorist leader and liberating multiple hostages, as stated by Mehdi El Karouani, a university professor specializing in geopolitical analysis. In a global context marked by often asymmetrical armed conflicts, Morocco stands out as the sole actor, both on […]
Kenya has joined Seychelles, Benin, and The Gambia in announcing the lifting of visa restrictions for all African nationals on 12 December in a move that has been hailed as a step in the right direction. President William Ruto stated in his address at the recent Youth Connekt Africa 2023 Summit in Nairobi that he […]
Uganda’s government has passed a bill for the Uganda National Oil Business (UNOC), a state-owned oil business, to domestically buy and supply oil, thus ending its dependence on neighboring Kenya for its oil needs, thus taking its fate into its own hands. The bill is meant to terminate the present method of importing oil through […]
The five-day state visit of King Charles III to Kenya elicits mixed reactions among the country’s people even as the monarch expressed regrets for colonial violence, saying that “there can be no excuse” for British colonial atrocities against Kenyans. The very presence of King Charles III in Kenya is unearthing memories of atrocities committed during […]
Kenyan and Nigerian currencies have both hit all-time lows in the past few days, worsening the economic situation in the two heavily indebted African countries plagued by high inflation and ongoing dollar shortages. Kenyan currency hit all-time low of 150 shillings to the US dollar on Monday (23 October), while the Nigerian naira has faced […]