President Bola Ahmed Tinubu has ordered a temporary suspension of the implementation of the controversial Financial Reporting Council (Amendment) Act 2023, which introduced new annual regulatory dues on large private …
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DevelopmentEastern AfricaEnergyGOVERNMENTInfrastructure
Kenya Successfully Tests Power Transmission from Ethiopia to Tanzania
Kenya has completed a major test of its ability to transmit 50 megawatts of electricity from Ethiopia to Tanzania through its national electricity grid. The successful trial is seen as …
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DevelopmentDigital EconomyEconomyEnvironmentGOVERNMENT
Stakeholders Push for Youth Employment Through Blue Economy
Key players in Kenya’s blue economy are calling for united efforts to tap into the sector’s vast potential as a way of solving the growing youth unemployment crisis. The appeal …
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Eastern AfricaEgyptGOVERNMENTInnovationKenyaNigeriaPoliciesTechnology
Kenya’s Startup Ecosystem Hits Record Global Ranking, Beats Nigeria and Egypt in Growth
Kenya has achieved its highest-ever position in the global startup ecosystem rankings, bolstered by a rapid growth rate of over 30 percent — the fastest among countries ranked between 51st …
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Banking, Finance & InvestmentFinance & ServicesGOVERNMENTInsuranceKenyaSecurity
Court Clears Wells Fargo of Blame in KSh 47 Million Heist Involving Equity Bank
The High Court in Kenya has ruled in favour of Wells Fargo Limited, dismissing a KSh 23.4 million claim filed by Equity Bank Kenya Plc over the theft of KSh …
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Banking, Finance & InvestmentFinance & ServicesGOVERNMENTInfrastructureInternational RelationsKenyaTrade and Commerce
Equity Bank to Open UAE Office, Becomes First Kenyan Bank to Expand to the Middle East
Shareholders of Equity Group Holdings Plc have approved the bank’s plans to open a Representative Office in the United Arab Emirates (UAE), marking the first time a Kenyan lender will …
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The Kenyan Cabinet has approved two major legislative proposals aimed at modernising how public agencies are run and how government resources are procured and managed. The two bills—the Government-Owned Enterprises …
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AviationEastern AfricaEconomyGOVERNMENTKenyaLeadership
Kenya Airways Grows Workforce, Nears Gender Leadership Target
Kenya’s national airline, Kenya Airways (KQ), has expanded its workforce by 8% in 2024, bringing the total number of employees to 4,705. This growth in staff came during a landmark …
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Ghana’s Parliament Approves $2.8 Billion Debt Restructuring Deal
Ghana’s Parliament has approved a $2.8 billion debt restructuring agreement with 25 bilateral creditor nations, a major milestone in the country’s efforts to navigate its deepest economic crisis in decades …
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DevelopmentEconomyEducationFinance & ServicesGOVERNMENTNigeriaPoliciesWestern Africa
AfDB Warns Nigeria’s Economic Reforms at Risk Without Strong Institutions
The African Development Bank (AfDB) has raised concerns over Nigeria’s ability to achieve sustainable development despite recent bold policy reforms, citing persistent governance failures and institutional weaknesses as major roadblocks. …