First Independent Mena Newspaper
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 […]
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 […]