Rwanda economy Stories

How Rwandan entrepreneur rose to become one of Africa’s top 10 business heroes
New Times  |  Sep 18, 2025

She credits her mother - who went to university at 62 and raised both biological and adopted children - for instilling determination. She also draws i...

Somalia seeks additional Sh5 billion to print new banknotes
Abdirahman Khalif  |  Sep 16, 2025

The limited supply of the currency and its outdated design have created significant difficulties for citizens, businesses, and government institutions...

Majority of Kenyans report worsening economic conditions since last election
Charity Pancras  |  Sep 14, 2025

Analysts suggest Northern Kenya’s relative stability may be linked to its limited integration into the wider national economy and the central role of...

Kenya seeks re-election to International Maritime Organisation Council
Rachael Mutabasi  |  Sep 13, 2025

The IMO, a United Nations specialised agency, is responsible for the safety and security of shipping, the prevention of marine and atmospheric polluti...

One in four Kenyans remain jobless, TIFA survey shows
Maureen Kinyanjui  |  Sep 11, 2025

The survey also shows that 10 per cent of respondents are students, six per cent are homemakers, two per cent are temporarily laid off, and one per ce...

Court declares new mining sector rules unconstitutional
Carolyne Kubwa  |  Sep 11, 2025

The court quashed the regulations in their entirety, declaring them invalid and unenforceable.

New report shows China’s growing reach across 101 countries, Africa key to strategy
Bashir Mbuthia  |  Sep 10, 2025

China's strategy leans more on building ties than on coercion, with the Index showing that countries engaged through partnerships and cultural exchang...

COTU demands withdrawal of Business Laws Bill, citing threat to workers’ rights
Maureen Kinyanjui  |  Sep 10, 2025

The union expressed support for the concerns already raised by digital workers, saying the new law leaves them excluded and unfairly targeted.

Kilifi tightens fisheries oversight, urges fishermen to resolve conflicts amicably
Farhiya Hussein  |  Sep 09, 2025

At landing sites across Kilifi, BMU leaders have expressed concern over rising cases of conflict between fishing groups, particularly around prime fis...

Kenya has introduced new banking policies; an economist weighs them up
The Conversation  |  Sep 09, 2025

The lifting of the moratorium on new banks and raising capital requirements could be the start of more changes in the Kenyan banking sector.

Youth, women urged to register as Mombasa gears to host first-ever logistics summit
Farhiya Hussein  |  Sep 09, 2025

Governor Abdulswamad Nassir said the summit would reposition Mombasa as more than a tourist destination by showcasing its strength in logistics.

National Assembly to scrutinise Creative Economy Bill over "Money Bill" status
Lucy Mumbi  |  Sep 08, 2025

The Creative Economy Support Bill (Senate Bills No. 30 of 2024), sponsored by Migori Senator Eddy Oketch, proposes the creation of a Creatives Fund to...

Kenya’s banking sector at a crossroads: Economist analyses new capital rules and licensing shift
The Conversation  |  Sep 07, 2025

KCB Group – a publicly owned bank that is also the country’s largest – as well as privately owned Equity Bank, have established foreign subsidiaries o...

Kenya borrowing Sh3.4 billion every day- MP Ndindi Nyoro
Rachael Mutabasi  |  Sep 06, 2025

Nyoro said the rapid borrowing, three times what was borrowed during President Mwai Kibaki’s entire 10-year tenure, risks destabilising the economy an...

Kenyan manufacturer sues Tanzania at East Africa Court of Justice over "discriminatory" tax
Carolyne Kubwa  |  Sep 04, 2025

Match Masters Limited, filed the case arguing that the excise duty introduced by Tanzania violates the EAC Treaty and amounts to protectionism.

Ethiopia Central Bank Governor Mamo Mihretu resigns after two-year reform push
Lucy Mumbi  |  Sep 03, 2025

Mihretu, who was appointed as the bank's governor on January 20, 2023, said his decision to resign was motivated by a desire to explore new challenges...

SMEs warn soaring prices of raw materials, costly licences threaten survival
Farhiya Hussein  |  Sep 02, 2025

Entrepreneurs are now urging the government to step in by reducing licensing fees and easing the cost of raw materials, which they believe would help...

How to harness the ocean for prosperity: Funding African innovations can unlock the blue economy
The Conversation  |  Sep 01, 2025

A blue economy needs to be based on a sustainable balance between often competing ecological and economic goals.

Somalia raises Mogadishu port cargo handling to 250,000 units, positioning it to rival Mombasa, Dar es Salaam
Lucy Mumbi  |  Aug 31, 2025

The expansion nearly doubles the port’s throughput, enhancing its ability to meet rising trade demands and strengthening Somalia’s role in regional co...

Kindiki welcomes CBK lending rate cut, says economy on recovery path
Bashir Mbuthia  |  Aug 25, 2025

Kindiki said it showed that the country is beginning to overcome a decade of high interest rates that had weakened household incomes, slowed down priv...

Lobby group accuses DPP of shielding graft suspects, warns economy is on brink
Carolyne Kubwa  |  Aug 25, 2025

The Justice and Equity Council (UK chapter), through its chairman Sebastian Onyango, criticised the government’s recent move to form a multi-agency te...

TICAD9 summit ends with ambitious pledges to drive Africa’s transformation
Alfred Onyango  |  Aug 23, 2025

They jointly produced a comprehensive declaration focused on economic resilience, digital transformation, peacebuilding, and sustainable development.

Kenya’s credit rating upgraded to ‘B’ as investor confidence grows
Alfred Onyango  |  Aug 23, 2025

The new rating comes with a stable outlook, indicating growing confidence in Kenya’s ability to meet its debt obligations amid better access to intern...

Kenya, US agree to initiate plans on new trade deal as AGOA winds down in September
Alfred Onyango  |  Aug 22, 2025

It follows the high-level meeting held in Washington, DC this week, where Cabinet Secretary for Investments, Trade and Industry, Lee Kinyanjui, led a...

Garissa residents demand stricter regulations on hazardous substances in oil exploration
Issa Hussein  |  Aug 22, 2025

The residents expressed concerns over the use of hazardous substances and waste dumping by companies that undertook previous oil exploration missions...

Kenyan households struggle as fewer can afford basic needs, survey reveals
Alfred Onyango  |  Aug 17, 2025

This marks a significant 10 per cent drop compared to the previous year, underscoring the deepening impact of economic pressures such as inflation, hi...

Ghana holds state funeral for helicopter crash victims
XINHUA  |  Aug 16, 2025

Ghanaian President John Dramani Mahama said at the funeral that the accident is a disaster that has cast a shadow over the heart of Ghana, bringing a...

Joho orders probe into alleged dumping of dredged waste in Old Town's fishing grounds
Farhiya Hussein  |  Aug 14, 2025

The probe follows accusations by Old Town fisherfolk that the Kenya Ports Authority (KPA) deposited dredged sand, silt, clay, gravel, and debris onto...

Rwanda gears up to host historic 2025 UCI Road World Championships in Africa
Bashir Mbuthia  |  Aug 13, 2025

All schools within Kigali will be closed during the championship week, while public servants have been encouraged to work remotely.

CBK cuts lending rate to 9.5 per cent in seventh straight easing move
Alfred Onyango  |  Aug 13, 2025

This marks the seventh consecutive rate cut from the historic peak of 13.0 per cent, as the regulator reaffirms its commitment to boosting economic ac...

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