First Independent Mena Newspaper
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 […]
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 […]
The Committee of African Heads of State and Government on Climate Change (CAHOSCC) will meet up in Nairobi, Kenya, from September 4-6 this year, the Kenyan leader has announced. “I am convening a Climate Action Summit in Nairobi, to take place from September 4-6, 2023. There is consensus in this meeting that Africa is the […]
The European Union has threatened to blacklist Kenya over corruption and money laundering, with the bloc’s Ambassador to Kenya warning that the east African country’s reluctance to curb corruption and money laundering could scare off investors. The EU is revisiting an old problem Nairobi has struggled to contain and if there is no substantial progress […]
International Finance Corporation (IFC) will invest 12.18 billion shillings ($100 million) in Nairobi-listed Diamond Trust Bank (DTB) to support small and medium enterprises (SMEs) impacted by Covid-19, Zawya reports, citing Kenyan Wall Street newspaper. The investment will be in senior debt under its Covid-19 emergency response working capital solutions scheme (WCS FIGE). IFC initiated the […]
Some Kenyan lawmakers are demanding to see more documents from a secret $5bn loan agreement with a Chinese bank that financed a cross-country railway, with critics of the deal blaming the government of the day for having given too much legal authority to China. The 2011 agreement was shielded from public view until Kenya’s transport […]
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 […]
E-mobility start-up Roam recently partnered with M-Kopa, a Nairobi-based clean energy financier, to provide thousands of e-motorcycles to riders in Kenya, after becoming the first startup in the country to convert petrol-powered motorbikes to electric last year, starting with a fleet of 100. “This is one of the biggest leaps for electric mobility in Africa,“ […]
Deputy President William Ruto was declared the winner of the close presidential election in Kenya over five-time contender Raila Odinga, amid drama and disagreement across parts of the Kenyan capital. Wafula Chebukati, chairperson of the Independent Electoral and Boundaries Commission (IEBC), announced that Ruto had won the election with 50.49% of the vote to Odinga’s […]
Morocco has expressed “deep concerns” over the “alarming and growing” terrorism threats in the African continent where the situation is aggravated by various destabilizing factors. Speaking at the two-day African regional high-level conference on terrorism, which opened Wednesday in Nairobi, Secretary of State to Foreign Affairs Mounia Boucetta said Africa is facing major security […]