First Independent Mena Newspaper
The African Growth and Opportunity Act (AGOA) is “at a crossroads”, faced with an uncertain future under the incoming Donald Trump administration in the United States, says a new analysis by the New York-based Council on Foreign Relations (CFR), though Kenya’s president has exuded confidence that the US government will extend the hallmark trade program […]
Kenya is currently grappling with its most severe drought in four decades, leaving millions of people without adequate food and water. The drought, exacerbated by climate change, has had devastating effects on the country’s agriculture and livestock, which are vital for the livelihoods of many Kenyans. According to the United Nations, more than 1.5 million […]
The latest East African Community (EAC) summit at the weekend focused, among other issues, on the resolution of two conflicts that are threatening the stability of the region — the dispute between Ethiopia and Somalia and the unabated violence by rebel groups in eastern Democratic Republic of Congo (DRC). Kenya’s President William Ruto has said […]
Kenya has backpedaled on a $2 billion deal under which it was expected to hand over Nairobi’s airport to India’s Adani Group. The deal was canceled after India’s richest man, Adani, was indicted in the US for fraud for allegedly orchestrating a $250m bribery scheme and concealing it to raise money in the US. “I […]
The DRC, Kenya and Uganda have been ranked by the latest edition of the Africa Risk-Reward Index 2024 as the riskiest investment destinations in East Africa, largely blamed on political, social and economic threats, while Rwanda stands out as the safest investment destination in the region. This authoritative report has been recently launched by the […]
Kenya has allocated a coastal area to build its first nuclear plant, worth 3.9 billion dollars, in a bid to diversify its energy mix. The project is expected to generate 1000 MW, as part of a long-term strategy to reduce reliance on hydro-power and fossil fuel energy. Switch on is expected in 2034, despite rising […]
Kenya is seeking a financing of $1.5 billion from the UAE to bolster its public finances, Reuters and Bloomberg reported, citing sources. Kenya has sought to curb its widening fiscal deficit and growing debt servicing by tax hikes which triggered the most violent protests in the country’s history. A delay in reaching a financing deal […]
A strike by aviation workers at Kenya’s Jomo Kenyatta International Airport (JKIA) in Nairobi left hundreds of passengers stranded. The industrial action was sparked by opposition to a proposed 30-year lease of the airport to India’s Adani Group. Workers, concerned about potential job losses and lack of transparency, protested outside the airport, causing significant flight […]
Kenya’s High Court has temporarily blocked a proposed 30-year lease deal that would have given India’s Adani Group control over the country’s main airport. The Law Society of Kenya and the Kenya Human Rights Commission jointly filed an application arguing that the country could independently fund the $1.85 billion airport upgrade. The petitioners claim the […]
Most of Kenya was cut off from electricity on Friday following major grid failures, grid operator and the energy ministry said. The outage was blamed on two trips at a transmission line and on the Ethiopia-Kenya high voltage transmission line, Energy Minister Opiyo Wandayi said in a statement. “The loss of 488MW, accounting for 27.3% […]