African Growth and Opportunity Act Stories
The directive is expected to impact Kenya significantly, as it currently applies a 16 per cent VAT on goods entering its market.
Despite the marginal decline in growth of the business activities, the index report maintained that general business conditions improved further.
The African Peer Review Mechanism (APRM) this week disagreed with Moody's positive rating on Kenya, terming it irresponsible after it revised Kenya's...
The five-year programme aims to tackle food insecurity and enhance agribusiness in some of Kenya's most vulnerable regions.
Groups such as Islamic State and al-Qaeda are committed to the establishment of these states, denouncing democratic governance.
Attributing the slight dip to inflation, the Index says the sharp increase in input costs at the end of the year led private sector firms to raise sel...
This transition is expected to significantly reduce the use of firewood, reducing environmental degradation and improving air quality for students and...
Community representatives who spoke at the event expressed their commitment to promoting the public-private partnership.
Kenya has managed to stabilise its foreign exchange rate, boost hard currency reserves held by the Central Bank and lower inflation this year.
This decision follows significant opposition from business stakeholders who expressed concerns that the increased levy would drive up the cost of impo...
The agriculture, manufacturing and construction sectors recorded declined sales, latest Stanbic Bank Kenya Purchasing Managers' Index shows.
Ethiopia plans to reach a deal with bilateral creditors by year-end, the Fund said, followed by a deal with its Eurobond investors.
According to the report, his annual earnings of Sh19,800,000 translate to 1,993 per cent of Kenya’s per-capita GDP, which stood at Sh811,615 in 2023.
Tthe IMF has lowered Kenya's GDP growth forecast for the country to 5.0 per cent.
The macroeconomic indicators generally showed mixed performance in the period under review.
Kippra stresses the need to improve the ease of doing business by reducing bureaucratic hurdles and creating a favourable regulatory environment that...
Mogadishu has been undergoing an economic renaissance few would have imagined five years ago.
The World Bank attributes the downgrade to the continued struggle with weak government balance sheets, partly from low revenue collection and high deb...
Somalia's gross domestic product growth pace has been set at 3.7 per cent, compared to 3.1 per cent last year, while Ethiopia's was 7.0 per cent, 0.2...
According to the latest African Economic Outlook by the African Development Bank (AfDB), the region is poised to record a 4.9 per cent GDP growth, the...
