Thanks to the credit extended by BoT, the private sector credit maintained a strong recovery pace, recording an annual growth of 10 per cent, the same as in the preceding month, and significantly higher than the 2.6 per cent recorded in January 2021.

The central bank report noted that accommodative monetary policy had catapulted good performance of the sector. Money supply growth was strong in January 2022 and consistent with the target of 10 per cent for 2021/2022.

“Extended broad money supply (M3) grew at an annual rate of 14.9 per cent compared with 15.5 per cent in the preceding month.”

The review unequivocally pointed out that the growth rate was more than twofold of the outturn in the corresponding period in 2021.

Japan has announced plans of investing $42 billion in India over the next five years…

Equity has recorded a 99 per cent rise of its net profit to reach KSh…

The food security situation is critical and demands international attention–which is lagging. According to Africa News, at least 400,000 tonnes of wheat won’t be sent to Sudan by the USA as promised in 2022.

The devastating impacts of civil conflicts, insecurity, drought have crippled Sudan’s food systems. The latter is responsible for displacing at least 1.9 million people across Sudan (UN).

The recent situation report by Reliefweb on Sudan food security reinforces the current trend of concern.

According to the report, displacement scenarios observed due to political instability affect agricultural operations significantly impacts cereal and non-cereal food prices.

Safaricom has rolled out a campaign to offer technological solutions for enterprise and the public…

With over 5 billion barrels of proven oil reserves (as of 2016) that should be the story of Sudan, a story of wealth, not poverty, a story of prominence, not conflict, but the opposite is true.

Even though Sudan ranks an impressive 23rd in the world’s list of oil rich countries and accounts for about 0.3% of the world’s total oil reserves, the country continues to squirm in abject poverty.

 “The oil story in Sudan is one of controversy, a messy tale of money, conflict and power enmeshed in the country’s decades-long conflict,” writes Elzahra Jadallah in an article titled ‘The Dark Side of Sudan’s Oil.’

There are at least five major oil drilling and processing sites in the country and these are the epicentres of conflict both within Sudan and the seceded South Sudan. Since Sudan controls the only pipeline that both nations use to transport their oil, the two sides are forced into shaky negotiations.