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The contracts were a long time coming. In June 2026, Libya’s National Oil Corporation signed production-sharing agreements on three exploration blocks, the culmination of…
Zanzibar legislators project 7.5% economic growth. President Mwinyi advocates private…
KRA reports record KES2.84 trillion (up 10.6%) in tax collections,…
The Annual Investment Meeting and Emirates Angel Investors Association agree to turn UAE into a…
According to their announcements, Germany would take professionals, skilled worked and semi-skilled Kenyans. German has…
Uganda is scouting for investors at the Annual Investment Meeting in Abu Dhabi, UAE. The…
The three-year $3 billion programme will support viable trade and related investments in Kenya in…
High inflation due to rising fuel and food costs hurt business confidence in April. Stanbic…
China’s reduced lending to Africa has raised concerns about the future of Africa’s economic development and its relationship with China. The reduction in lending is due to a combination of factors, including the slowdown in the Chinese economy, the growing debt burden of African countries, and China’s increased selectivity in its lending.
The reduced lending has several implications for Africa’s economic future. African countries must find alternative sources of financing, a shift towards domestic resource mobilization, a change in the balance of power between China-African relations, and a potential slowdown in infrastructure development. African countries must navigate these changes carefully to ensure sustainable economic growth in the coming years.
