Kenya’s business activity declines in June – PMI
Kenya's private sector witnessed a downturn in activity during June to 47.2, down from 51.8 in May.
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Kenya
Egypt secures $131m from AfDB
Egypt's Ministry of International Cooperation recently signed an agreement with the AfDB worth $131 million to…
Kenya seals IMF agreements
Kenya and the International Monetary Fund (IMF) have sealed a staff-level agreement on the seventh review of…
Kenya to use part of World Bank loan to repay debt
Kenya intends to allocate a portion of its World Bank budget support loan to fulfil a payment of approximately $500…
Zimbabwe approves Musk’s Starlink
Zimbabwe's telecommunications regulatory authority has approved Elon Musk's Starlink, the satellite arm of SpaceX,…
US set to pour fresh investments in Kenya
Joe Biden and Kenyan President William Ruto are set to unveil investments in green energy and health manufacturing…
Kenya GDP grows by 5.6% in ’23
Kenya's economy expanded by 5.6 per cent in 2023, up from a revised 4.9 per cent in the previous year, according to…
Kenya proposes tax on infrastructure bonds
The Kenyan government plans to implement a tax on interest earned from infrastructure bonds, potentially reaching…
Microsoft closes down Nigeria’s Africa Development Centre
Microsoft Corporation has closed down the engineering division of its Africa Development Center in Nigeria, just…
Egypt’s Sisi urges joint effort to address Africa’s economic challenges
Advancing Africa's development requires a joint effort to tackle challenges, particularly in Sub-Saharan Africa,…
AfDB 2023