22 September 21

Fuel Prices in Kenya Hit Historic Highs as Inflation Looms.

Fuel prices in Kenya have hit an historic high. A sharp rise in fuel prices amidst the pandemic sparked protests from legislators and motorists across the country. Fueled by the pandemic, the price of petrol in East Africa has seen
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24 June 21

East African Countries Unveil Optimistic Budgets as They Recover from an Economic Slump

East African countries have tabled their budget allocation as they prepare for uncertain economic times . However, the budgetary estimates paint an optimistic future buttressed by tax waivers and economic incentives. In uncertain times, the countries have put in place
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15 June 21

Kenyan Business Mogul Dr. Chris Kirubi Dies at 80

The pioneer industrialist, stocks markets baron and beloved disc jockey Dr. Chris Kirubi has died at 80. The multimillionaire with a Midas touch and smooth-talking host of The Fuse on Capital FM succumbed to Colon cancer on 14th June this
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11 June 21

East Africa’s Top Banks Weather the Storm to Post Impressive Results

East Africa’s top banks have defied the tough economic crisis of the pandemic to report a rise in profits. The resilience of top banks has been tested by mobile money transfer and rising defaults in loan repayments. Moreover, sluggish economic
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18 May 21

Kenya’s Debt Surpasses 65% of GDP, analysts expect long-term Economic Growth

The International Monetary Fund in April approved a $2.34 billion three-year financing package to Kenya. The fund projects that Kenya will borrow upwards of $12.4 billion abroad by 2022. These funds will support Covid-19 prevention efforts and reduce the country’s
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30 April 21

Tanzania: President Hassan announces tax cut, new economic measures

Tanzania’s newly-appointed president, Samia Suluhu Hassan, announced on Saturday that the government will temporarily reduce income tax in the country.

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22 April 21

Tax hikes and rising fuel prices bite East Africans as Covid-19 lockdown persists

As the corona virus pandemic continues to ravage the world economy, East Africans are set to tread murky financial waters. Kenyans have been dealt with cumulative taxation in the past few years. Furthermore, a crippling debt pile and fuel prices
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09 April 21

Kenya: Citizens urge IMF to cancel $2.34 billion loan

Citizens in Kenya are calling upon the International Monetary Fund (IMF) to cancel a $2.34 billion loan approved for the country.

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25 February 21

Burundi has worst internet accessibility in the world

The latest Internet Accessibility Index ranks Burundi as the country with the worst internet accessibility in the world.

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14 January 21

AfCFTA: Djibouti obstinacy threatens to undermine African free trade and investment

Djibouti obstinacy threatens to undermine African free trade and investment While the British and European media might be preoccupied with the death rattles of Brexit, an even more momentous trade deal is unfolding in Africa. The African Continental Free Trade
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