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Industry and Trade
Digital development is attracting new Foreign Direct Investment (FDI) to Africa. This as overall FDI into Africa is on the decline according to data…
Kenya’s economy grows 5.3% in first quarter, powered by manufacturing…
Dangote Group’s major refinery in East Africa needed deep-water berths…
Tanzania’s tea auction hopes to benefit economically and directly from local tea producers by relocating…
High protection and heavy import dependency have left industries in Africa poorly prepared for international…
Kenya seeks to attract $10 billion in Foreign Direct Investments (FDI) in the next four…
United States officials and politicians have shown much interest and support for renewing the African Growth and Opportunity Act (AGOA) as its expiration date approaches in September 2025. The fate of this landmark legislation, which provides duty-free access to the US markets for some African countries, remains uncertain for the next 22 months but has significant implications for trade between the United States and Africa.
US-Kenyan company Kentegra Biotechnology Holding has announced plans to set up a plant in Kenya. …
The International Monetary Fund (IMF) has agreed to lend $938 million to Kenya, pending management approval and consideration by the Executive Board. The board is expected to make its decision in January 2024.
Haimanot Teffara, the IMF Mission Chief to Kenya, stated that the move aims to shield the country from liquidity problems and economic difficulties resulting from the adverse impacts of COVID-19, the Ukraine War, and drought.
