First Independent Mena Newspaper
The World Bank and industry stakeholders have called for the lowering of the cost of sending remittances from the African diaspora to their home countries, as the money sent home is crucial in supporting household expenses in many developing countries. Sub-Saharan Africa remains the region most affected by the global crisis, but remittance inflows from […]
Kenyan President William Ruto, now on a visit to Germany and Belgium, has invited German companies to invest in Kenya’s micro, small, and medium-sized enterprises. Ruto’s visit to Germany and Belgium is aimed at strengthening social and economic ties between Kenya and the European Union. During a meeting with German business leaders and investors, he […]
Home to the second most crypto-currency holders in the world, Africa is in urgent need for greater consumer protection and regulation of the crypto industry, experts say, which has been highlighted by the collapse of the world’s third largest crypto exchange FTX and subsequent plunge in the prices of major crypto assets, most notably Bitcoin. […]
China is importing more food products such as avocados, cashews, sesame seeds and chili peppers from Africa, after President Xi Jinping promised to increase non-resource imports from Africa and agriculture is emerging as the new focus of Beijing’s engagement with the continent. In the first two months of this year, Shanghai ports handled more than […]
The United Kingdom is expected to make direct investments worth $10 billion in Kenya in 2023, but in order for the East African country to fully benefit from the Economic Partnership Agreement (EPA) signed between both states in 2022, it will also have to maintain and enhance market access conditions. Kenya’s Cabinet Secretary for Investment, […]
Citizens in the four cardinal points of Africa — Kenya, Nigeria, South Africa, and Tunisia — have in recent weeks hit the streets over economic woes and political strife in their respective countries. Led by opposition leaders, angry people in Kenya in the east, Nigeria in the west, South Africa in the south, and Tunisia […]
Australian firm Fortescue Metals is planning to develop a 300 megawatts (MW) green ammonia and fertiliser facility in Kenya. The project could soon start as plans are in an advanced stage, reports Business Dailyn adding that the business marks Kenya’s first green ammonia energy production. The facility will boost the African nation’s growing clean energy […]
In the past few years, Francophone Africa has made huge strides in creating startups, although the startup market on the continent is still dominated by the “Big Four” English-speaking nations. African startups continue to shatter fundraising records, but the majority of investment inflows go into those operating in English-speaking countries Egypt, Kenya, Nigeria, and South […]
In their post-Covid recovery plans, East African countries are promoting niche products, such as cruise, adventure, culture and sports tourism, in emerging tourist markets such as China, in a strategy expected to spur growth in the sector. To reduce over-reliance on traditional source markets in Europe and the United States, East African countries are shifting […]
Kenya and Uganda have launched talks for the opening of a one-stop border post in Lokiriama in northwest Kenya with the aim of fighting banditry in the region and in turn boosting cross-border trade. The two neighbors revived their September 2019 memorandum of understanding (MoU) that sought to enhance cross-border trade between the Turkana and […]