First Independent Mena Newspaper
Not all Africans are poor — this could arguably be the main message from the 2023 edition of the annual Africa Wealth Report by London-based Henley & Partners that reveals that the ‘Big 5’ wealth markets in Africa — South Africa, Egypt, Nigeria, Kenya, and Morocco — together account for a significant 56% of Africa’s […]
Kenya has slammed Russia and Gulf countries for their involvement in Sudan’s politics that does not help to find a solution to the conflict, while an exclusive article published by the Washington Post accuses the Russia’s Wagner Group of aggressively working to create a “confederation” of anti-Western states in Africa by creating instability across the […]
Investors are unloading Kenya’s dollar bonds due 2028, whose yields have climbed to 14.6% and the shilling has also trading at a record low, while opposition leader Raila Odinga’s Azimio La Umoja (Declaration of Unity) party has said protests against government policies would resume after Islam’s holy month of Ramadan, if no progress had been […]
Air Tanzania Company Limited and Kenya Airways top officials have met to discuss the possibility for a cargo transportation collaboration aiming to increase value and reduce operating coasts. Kenya Airways Group managing director Allan Kilavuka, who visited Tanzania recently, said in a statement that the two airlines could cooperate in different areas, particularly in cargo […]
While Kenya’s government is targeting Chinese investors to establish manufacturing plants in its special economic zones to boost exports, thousands of local traders have protested in the capital Nairobi against the ‘unfair” competition from Chinese traders. The government is offering Chinese investors a value proposition that the East African country is the premier investment destination […]
The size of Kenya’s economy will overtake that of Angola, Africa’s leading oil producer, this year even as Ethiopia stretches its lead, according to the projection presented in the International Monetary Fund’s (IMF) latest World Economic Outlook. The IMF projects Angola’s gross domestic product (GDP) to shrink during the period, hence catapulting Kenya, whose economy […]
Kenya will not default on its debt repayment obligations, the president’s chief economic adviser has said, as the country’s government failed to pay its employees for the first time since it gained its independence in 1963. Most county government workers last received their paychecks three months ago, with the delay in civil service salaries being […]
The two camps — Assamaka in Niger and Dadaab in Kenya — are more than 5000 kilometers apart but both swell with migrants or refugees who have embarked on a long and difficult journey looking for safety from conflict or drought. Assamaka, the first village on the border with Niger, sees the arrival of hundreds […]
Kenya is considering tax reforms, including possible tax breaks, to entice hesitant US and EU investors after Washington complained that corruption and a lack of transparency in tax policy inhibited investment in the East African country. Nairobi is exploring various tax incentives to reluctant Western investors and it also threw out the red carpet for […]
Kenya’s Defense Ministry and the country’s Space Agency announced Monday the launching on April 10 from California (U.S.) Taifa-1, or Nation-1 in Swahili, the eastern African country’s first operational satellite. “The mission is an important milestone,” the ministry and the agency said in a joint statement, adding that it would contribute significantly to the country’s […]