economy Africa,global economy Stories

Mandera County receives 150 computers to enhance digital literacy
Mary Wambui  |  Jan 30, 2025

The initiative is part of the UK's Digital Access Programme that aims to bridge the digital divide and enhance digital literacy within communities,

Billow Kerrow: Kenya's economic growth reliant on Ruto's fight against graft
Barack Oduor  |  Jan 31, 2025

The African Peer Review Mechanism (APRM) this week disagreed with Moody's positive rating on Kenya, terming it irresponsible after it revised Kenya's...

Reality on the ground is different, Kenyans tell Moody's on 'positive' rating
Lucy Mumbi  |  Jan 26, 2025

Critics are questioning whether external observers and global investors truly understood Kenya’s realities.

Egypt and Somalia sign strategic partnership agreement
Abdirahman Khalif  |  Jan 23, 2025

The meeting, held in Cairo, marked a pivotal step in strengthening cooperation between the two nations across a range of areas, including trade, cultu...

Currency change leaves Ethiopia’s GDP halved, debt burden heavier
Lucy Mumbi  |  Jan 21, 2025

The rise was attributed to the exchange rate adjustment and new loans amounting to $1.6 billion, secured from the International Monetary Fund (IMF) an...

Africa set for stronger growth in 2025 as global prospect remains subdued- report
Alfred Onyango  |  Jan 18, 2025

The percentage of experts forecasting stronger growth for Sub-Saharan Africa has increased to 78% this year, up from 65% last year, signalling a posit...

Farmers in Isiolo, Garissa, seven other counties to receive Sh6.3 billion USAID grant
Maureen Kinyanjui  |  Jan 16, 2025

The five-year programme aims to tackle food insecurity and enhance agribusiness in some of Kenya's most vulnerable regions.

ICT CS nominee Kabogo vows to introduce laws to protect against AI misuse, misinformation
Lucy Mumbi  |  Jan 14, 2025

He further noted that Kenya's current capacity to address such issues, particularly in terms of responding quickly to cyberattacks, is limited.

Sudan introduces new banknotes, boosting coffers but drawing criticism and protests from citizens
Reuters  |  Jan 11, 2025

Since the outbreak of the war, when RSF soldiers looted dozens of banks and blocked farming, the army-aligned government has struggled to pay salaries...

Joho calls for dismantling of illegal mining cartels to boost Kenya’s economy, enhance regulatory standards
Charles Adinda  |  Jan 10, 2025

The Mining CS called on the officers to help him restore sanity in the industry that contributes barely one per cent to the nation's gross domestic pr...

Boost for locals as Shimoni Fishing Port now expected to be operational by March 2025
Lucy Mumbi  |  Jan 08, 2025

The project will include a modern jetty, fish landing and processing facilities, meat plants, cold storage units, and an ice-making factory.

Kenya’s economy growth down to 4.0% in Q3 - KNBS
Alfred Onyango  |  Jan 07, 2025

KNBS largely attributes the decelerated growth to the general decline in growth in most sectors of the economy.

Infotrak survey shows most Kenyans dissatisfied with 2024, say 2025 could be worse
Lucy Mumbi  |  Jan 01, 2025

The report says the economy continues to be the primary driver of both optimism and pessimism.

Analysis: Kenyan shilling marks first year-on-year gain in four years in 2024
Alfred Onyango  |  Jan 01, 2025

As Kenya moves to 2025, the recovery of the shilling remains a key indicator of the country's economic health.

From Gen Z protests to shilling's performance: What shaped Kenya in 2024
Alfred Onyango  |  Dec 31, 2024

The year 2024 experienced a series of interest rate hikes on loans, a crucial go-to remedy by households in times of constrained disposable incomes su...

Economic strain forces many to forego Christmas traditions - survey
Maureen Kinyanjui  |  Dec 24, 2024

The survey reveals that younger adults, particularly those aged 18 to 26, are the hardest hit by the economic strain, with 89 per cent of this demogra...

Government extends controversial G-to-G oil deal, citing stabilisation of shilling
Lucy Mumbi  |  Dec 17, 2024

The G-to-G arrangement allows Kenya to import refined petroleum products and make payments in Kenyan shillings, rather than in US dollars.

Ghana will not quit IMF deal but wants changes, says president-elect John Mahama
Reuters  |  Dec 15, 2024

Mahama said the IMF had agreed to send an early mission to conduct a regular review.

Kenya's middle-income milestone overlooked by setbacks in sustainable development
Alfred Onyango  |  Dec 13, 2024

The latest World Bank's economic prospects report for the year 2025, indicates that the country is falling behind on 12 of the 17 SDGs,

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