First Independent Mena Newspaper
Kenya’s President William Ruto has called on African leaders to take first steps towards ditching the US dollar as the world’s reserve currency by adopting a pan-African payments system to facilitate trade within the continent. Ruto has urged his African counterparts to mobilize central and commercial banks to join the Pan-African Payments and Settlement System […]
Kenya will sign a trade pact with Russia aimed at boosting cooperation between businesses, President William Ruto’s office announced on Monday following a meeting with Russian Foreign Minister Sergei Lavrov, as Moscow and Kyiv both seek to bolster support from African nations over their war. Lavrov’s surprise trip to the East African powerhouse comes only […]
Media report about a series of digital intrusions against key Kenyan ministries and state institutions allegedly carried out by Chinese hackers has sparked debate in the East African country about the security of the nation’s systems. The report about China, Kenya’s largest creditor, carrying out hacking attacks on the East African country’s government that was […]
Kenya and Somalia have agreed to reopen their common border crossings after more than a decade, amid warming ties between the two neighbors following years of tensions. Kenya has decided to reopen its border crossings with Somalia at Mandera, Lamu, and Garissa, effectively ending a 12-year barricade that began in 2011, Kenya’s interior minister said […]
German Chancellor Olaf Scholz heads Thursday May 4 to Ethiopia and Kenya, where talks will focus on reaffirming strategic alliances in the region, though the Sudan crisis is likely to dominate the talks. While Germany has been one of the biggest financial supporters of Ethiopia, the Tigray conflict significantly strained Addis Ababa’s relations with Berlin. […]
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 […]