Africa's economic growth Stories
The World Bank cited falling inflation, stabilising currencies and renewed investment in major economies such as Ethiopia, Nigeria and Côte d’Ivoire.
Having once championed Kenya's deployment to Haiti, the United States has now shifted the file to the UN. In his UNGA speech, President Trump made no...
Laikipia Woman Representative Jane Kagiri called on the Kenyan government, in collaboration with the United States, to pursue a 16-year extension of t...
Over the past year, Kenya has maintained inflation within the target range, while the shilling has remained stable against major currencies. Interest...
Rwanda has a progressive income tax structure. Low-value mobile money transactions are exempt from tax. Key utilities such as electricity and water re...
The report, which reviews macro-economic performance for the six months to June, warns that optimism about the country’s growth prospects is fading.
According to Amos Kamau, Nutrition Advocacy Strategist at the Institute for Food Justice and Development and youth representative at the World Food Fo...
Looking ahead, businesses showed a greater level of optimism towards future output for the third consecutive month in August, which took overall senti...
CoB Margaret Nyakang’o said the unpaid bills are causing “liquidity challenges, potential business closures, job losses, and increased government expe...
Kenya is keen to secure a favourable trade deal with the United States before the African Growth and Opportunity Act (AGOA) expires in September.
The World Economic Forum emphasises that the AfCFTA must move from being a political promise to an operational force.
The monthly Stanbic Bank's Purchasing Managers' Index shows the headline PMI dropped at the sharpest pace in a year during the month.
Data by the Kenya National Bureau of Statistics (KNBS) shows the increase was mainly driven by rise in prices of commodities in the three key categori...
The Somali state collapsed as a cohesive national entity in 1991. The military government that had been in power since 1969 was overthrown by armed op...
According to the latest quarterly GDP report by the Kenya National Bureau of Statistics (KNBS), the plateau in growth is largely due to a slowdown in...
The projection also represents a significant cut from its earlier forecast of 5.0 per cent growth made in January.
The alliance emphasised the need for banks to shift towards lending based on cash flow for small and medium enterprises (SMEs) and startups, rather th...
One of the primary areas where PEG-MGF might hold promise is tissue repair and cellular proliferation.
Official statistics from the Kenya National Bureau of Statistics show formal job creation fell to 75,500 in 2024, down sharply from 123,000 in 2023.
The lender credits the upgrade to robust growth in agriculture and vital service sectors, particularly fintech and mobile money.
The country’s resurgent inflation, driven by surging electricity and fuel costs, could force policymakers to consider rate hikes to keep price growth...
World Bank pegs the shortfall to the occurrence of political violence on the continent, which increased about eightfold between 2000 and 2023, and wit...
This is from Sh15.03 trillion in 2023, representing an eight per cent year-on-year growth.
The country’s GDP growth forecast has received a notable upgrade in the latest economic outlook by the International Monetary Fund (IMF).
The local currency appreciated by 20 per cent against the global benchmark, the US Dollar, over the year, marking the highest gain across the region.
Were it not for the tariffs, the lender says the global economic growth would have seen only a modest cumulative downgrade of 0.2 percentage point, to...
The Index by the economic think-tank The Heritage Foundation ranks Rwanda second in the bloc, with an economic freedom score of 54.8, behind Tanzania,...
This is a sharp rise from the current threshold of 5,000 cylinders and is expected to shake up the liquefied petroleum gas (LPG) industry by locking o...
African nations have enjoyed duty-free access to the US market for over two decades under the African Growth and Opportunity Act (AGOA), up for renewa...
The 10 per cent tariff, announced by US President Donald Trump, applies to all goods exported from Kenya to the United States.
