Trending
- Will China’s Renminbi Clearing Bank of Africa push out the dollar?
- How egg prices could shape Kenya’s Central Bank key loan rate decision
- Standard Bank’s renminbi clearing status places lender at the centre of a $300bn Africa-China trade corridor
- Grey stirs Ethiopia’s digital frontier as remittance bottlenecks choke Africa’s next giant
- Uganda’s quiet bid to challenge Kenya in horticulture exports
- Kenya signs $1.2bn JKIA upgrade deal with China’s CRBC but legal cloud looms over tender
- Legal chaos in Kenya threatens to derail $2.3 billion Asahi-EABL landmark deal
- Kenya’s Family Bank goes public, marking the Nairobi bourse’s biggest private-sector listing since 2009
Browsing: Africa
Long gone are the days you hear of Africa and envision mud huts and malnourished babies. Well, maybe long-gone is…
Passenger vehicles were Kenya’s fourth-largest import overall in 2014, valued at US$420 million and making up 2.3% of total imports (by value) while commercial vehicles ranked seventh, valued at US$370 million.
“If the current trend of 10% to 12% growth per annum on vehicle imports is to be maintained, Kenya will have five million vehicles on the road by the year 2030,” Deloitte said.
Numerous advantages and benefits have been proffered to explain the motives individuals have for moving their assets offshore and investing in jurisdictions other than their home countries. Standard Bank reckons that offshore investment aids in capitalizing on circumstances outside the country providing a buffer against our markets, our inflation spikes and exchange rate fluctuations.
Essentially, offshore investment serves as a hedge against the volatility and harsh economic fundamentals in the local economy. Zimbabwe as a case in point has suffered from perennial poor economic performance for the greater part of the last two decades. The economic phase that characterized this period included compulsory expropriation of productive farmland, the expropriation of hard currency funds that were never returned, of individuals and organizations by the government to fund its operations, hyperinflation and a generally depressed economy.
No family wants to be stuck in their home and yet starve due to food security systems being shaken by…
Invest Africa has launched a new programme of support for over 500 African MSMEs. In a statement, the company, which…
The unemployment rate in Egypt recorded 7.3 percent of the total labour force during the second quarter of 2021 according…
Four critical universities best practices for fostering graduate employability are of interest: Industry partnerships, Aligning university education with a country’s development plans, Regular university curriculum reviews, and Strengthening quality assurance systems.
However, while Universities work to better prepare graduates for the workforce, it is imperative for the government and the private sector to step in and increase the employability of graduates who are already in the workforce.
Egypt-China ongoing cooperation hits $1.8 billion according to Egypt’s Ministry of International Cooperation. According to a press statement from the…
Even though East Africa’s two economic giants Kenya and Tanzania are seen as business rivals, the two conduct enormous trade…
On the bright side, even with the credit growth slowdown, it remained positive, growth still maintained and upward trajectory. This is also for both domestic credit extended to the private sector as well as the central government too.
Growth is expected to improve as the global economy normalizes over time but meanwhile, the government, through the central bank is instituting measures to increase liquidity and reduce lending rates, which in turn is expected to allow the private sector to have increased access to credit.
As part of these fiscal measures, the BoT has already issued TShs1 trillion to commercial lenders to help beef up their lending capacity and to do so at lower interest rates. This in turn is meant to encourage the private sector to borrow and increase production.