First Independent Mena Newspaper
Kenya wants to renegotiate a multibillion-dollar loan from China that was used to build a major railway because though the country is up to date on its payments, it cannot continue with the current 20-year schedule. Answering questions from a parliamentary committee, Kenya’s incoming transport minister, Kipchumba Murkomen, said the country will have to ask […]
Uganda is running an economy with the most developed financial sector in East Africa, which is only the latest feat that depicts a major milestone in the country’s race towards becoming a regional financial hub, with an eye to increased inflow of foreign direct investments, according to the latest study by the Official Monetary and […]
With many Africans using cryptocurrencies for everyday transactions rather than speculation, cryptocurrency market across Africa grew by over 1200% between 2020 and 2021, and its usage remains high in 2022 despite the ongoing difficult bear market. 2022 has been a very difficult year for digital asset and cryptocurrency markets when the value of many major […]
Uganda’s President Yoweri Museveni has apologized to Kenya after his son, a general who has been outspoken on social media, tweeted threats to invade the neighboring country and capture its capital in two weeks and also provoking remarks about Kenya’s recent elections. “I ask our Kenyan brothers and sisters to forgive us for tweets sent […]
Ethiopia’s federal government has accepted the African Union’s invitation to hold peace talks with Tigray forces in South Africa this weekend, which are aimed at ending the ongoing civil war and halting hostilities against the country’s Tigray region leadership. African Union (AU) chief Moussa Faki Mahamat extended the invitation to the peace talks in a […]
While Kenya’s newly elected President William Ruto, ran his election campaign on an anti-China platform, the language of his new administration now stands in a sharp contrast with the strident tones he used on the campaign trail. During his campaign, Ruto talked tough on China, vowing to deport Chinese nationals doing jobs he said should […]
East African economies will decline this year driven due to political instability, unreliable rainfall and reducing agricultural yields, says the latest Macroeconomic Outlook Report for East Africa published by Deloitte, the world’s largest consulting firm. The report that covered Ethiopia, Kenya, Rwanda, Tanzania and Uganda shows that the region’s gross domestic product (GDP) has been […]
Kenya has deployed forces in the East of the Democratic Republic of Congo (DRC) as part of regional mobilization to help end activities of rebel groups in the East of the second largest African country reeling with insecurity caused by armed groups. The boots are posted in Ishasha, a locality near the border with Uganda, […]
Kenya’s newly sworn-in president has expressed willingness to purchase fuel from Russia, just days after making immediate moves to boost the country’s influence on the global stage with a stirring speech at the UN General Assembly. President William Ruto’s announcement that Kenya was open to buying fuel from Russia comes at a time when a […]
Only three African nations control about 56% of the continent’s total wealth, according to the 2022 Africa Wealth Report published by UK investment consultancy firm Henley & Partners in partnership with South African wealth intelligence firm New World Wealth. South Africa, Egypt, Nigeria, Morocco, and Kenya are Africa’s wealthiest countries. The first three countries possess […]