Africa International

Kenya: Victims of 1998 bomb attack on US embassy renew demand for compensation

Kenyan survivors and victims of the 1998 bomb attack on the US embassy in Nairobi renewed calls for compensation from the US government on Monday (7 August) as the East African nation marked the 25th anniversary years since its deadliest terror attack. In mid-morning on 7 August 1998, a car bomb exploded in the rear […]

Energy Headlines

Kenya is harnessing sun’s potential as next frontier in its renewable energy sector

Kenya has seen a significant surge in solar power generation that experts hail as a game-changer for the East African country, whose abundant sunshine can potentially revolutionize its energy sector in terms of cost-effectiveness and scalability. But rather than environmental concerns, the surge in solar energy perhaps seems to be more motivated by simple economics […]

Africa Americas Headlines International

Kenya offers to lead UN-backed police mission to restore order in crisis-hit Haiti

After nearly a year of calls from the Haiti’s prime minister for armed intervention from abroad, Kenya is the first country to have now offered to lead a police force to help restore order to the island nation, where gangs that control vast parts of the country’s capital have fomented violence. UN Secretary-General António Guterres […]

Emerging Markets International

Kenya, Uganda revive SGR railway extension deal, mull joint resource mobilization

The governments of Kenya and Uganda have now revived the plans to build a standard gauge railway (SGR) between them, with each of them pursuing individual financing for their SGR portions, with Kenya signing commercial contracts and Uganda set to finalize its deal soon. These steps signal renewed efforts in both countries to upgrade infrastructure […]

Africa International

Kenyans & Nigerians feel the brunt of tax hikes, rising living costs

With tax hikes and living costs in Kenya and Nigeria rising sharply, ordinary people in both countries are feeling the strain — as a result, Nairobi braces for more anti-government protests that are happening despite the government warning it would not tolerate further unrest after earlier demonstrations turned violent. Kenya’s government closed schools in Nairobi […]

Africa Features Headlines International

No anarchy in Kenya: President Ruto vows to quell tax-hike anti-govt rallies

Kenyan President William Ruto — who has said he ‘cannot accept anarchy’ amid opposition’s calls for more anti-government protests to be held later this week — has become yet another leader in the East African country who is facing the consequences of confusing a parliamentary majority for popular legitimacy, according to experts. Ruto warned his […]

Business Egypt Emerging Markets Features Headlines

Egypt surpasses Nigeria in start-ups capital funding in Africa

Egypt is the continent’s new leader in the total equity funding raised by start-ups in Africa from June 2022 to June 2023, overtaking Nigeria, according to London-based African Private Equity and Venture Capital Association (AVCA). Per AVCA data, startups in the North African country raised $540 from June 2022 to July 2023. The amounts represent […]

Africa Business Emerging Markets Europe Headlines International

Prospects and challenges for EU trade deals with Kenya and Rwanda

Rwandan prime minister this week held a meeting with the European Union delegation to discuss various areas of partnership to boost trade and investments, while NGOs are pushing Kenya to rescind the recent agreement with the EU to implement the Economic Partnership Agreement (EPA) between them. Following the meeting with Rwandan PM Edouard Ngirente, one […]

Africa Energy Features Headlines International

South Africa, Kenya are Sub-Saharan Africa’s renewables hotspots — BMI study

South Africa and Kenya are non-hydropower renewables outperformers in the Sub-Saharan Africa region, with the former remaining the leader in renewables growth in the region, while the latter leading in terms of non-hydropower renewables, according to the latest BMI’s report. Non-hydropower renewable energy growth in Sub-Saharan Africa is led by South Africa and Kenya, whereby […]

Africa Business Features Finance Headlines International

Nine African countries join Afreximbank’s PAPSS platform in push for ‘de-dollarization’

A pan-African payment system that would allow African nations to trade among themselves, using their own currencies, is gaining momentum, as the platform has recently started commercial operations with nine countries having signed up so far, according to the Afreximbank President Benedict Oramah. The African Export-Import Bank — or Afreximbank — expects 15 to 20 […]