economy Africa Stories
The World Bank cited falling inflation, stabilising currencies and renewed investment in major economies such as Ethiopia, Nigeria and Côte d’Ivoire.
The latest Stanbic Bank's Purchasing Managers’ Index (PMI), which gauges the level of private sector activities, rose to 51.9 during the month, from 4...
The statistics body attributes the growth largely to robust performances in agriculture, forestry and fishing, which recorded a 4.4 per cent growth, t...
Data from the United Nations Economic Commission for Africa (ECA) shows Kenya’s tea exports hit a record $1.7 billion (Sh219.6 billion), up from $1.4...
The bulk of the revenue came from the earlier Digital Service Tax (DST), which was introduced in June 2020 at 1.5 per cent of gross turnover before be...
The Fund observed that the country’s output expanded by 5.4 per cent in the first three months of 2025, but warned that deeper reforms are needed to p...
Rising inflation, unemployment, and currency shortages have fueled widespread frustration among Malawians, setting the stage for Peter Mutharika's pol...
In a press briefing on Monday, Government Spokesperson Isaac Mwaura highlighted development initiatives that the president says have transformed sever...
The assessment highlights that Ethiopia’s repayment risks are aggravated by “bunching of debt service in the near to medium term” and by the sharp dec...
She credits her mother - who went to university at 62 and raised both biological and adopted children - for instilling determination. She also draws i...
The limited supply of the currency and its outdated design have created significant difficulties for citizens, businesses, and government institutions...
Analysts suggest Northern Kenya’s relative stability may be linked to its limited integration into the wider national economy and the central role of...
The IMO, a United Nations specialised agency, is responsible for the safety and security of shipping, the prevention of marine and atmospheric polluti...
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...
The court quashed the regulations in their entirety, declaring them invalid and unenforceable.
China's strategy leans more on building ties than on coercion, with the Index showing that countries engaged through partnerships and cultural exchang...
The union expressed support for the concerns already raised by digital workers, saying the new law leaves them excluded and unfairly targeted.
At landing sites across Kilifi, BMU leaders have expressed concern over rising cases of conflict between fishing groups, particularly around prime fis...
The lifting of the moratorium on new banks and raising capital requirements could be the start of more changes in the Kenyan banking sector.
Governor Abdulswamad Nassir said the summit would reposition Mombasa as more than a tourist destination by showcasing its strength in logistics.
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...
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...
Nyoro said the rapid borrowing, three times what was borrowed during President Mwai Kibaki’s entire 10-year tenure, risks destabilising the economy an...
Match Masters Limited, filed the case arguing that the excise duty introduced by Tanzania violates the EAC Treaty and amounts to protectionism.
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...
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...
A blue economy needs to be based on a sustainable balance between often competing ecological and economic goals.
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 said it showed that the country is beginning to overcome a decade of high interest rates that had weakened household incomes, slowed down priv...
The Justice and Equity Council (UK chapter), through its chairman Sebastian Onyango, criticised the government’s recent move to form a multi-agency te...
