South African Rand Dips as Inflation Data Looms
The South African rand weakened on Tuesday, trading at 17.8625 against the dollar, down 0.95% from its previous close. The decline comes as markets await key inflation data and signals … Read More
Author: Iris Hussein
Senegal Forms Commission to Overhaul Oil and Gas Contracts
Senegal has established a commission of legal, tax, and energy experts to review and potentially renegotiate its oil and gas contracts, Prime Minister Ousmane Sonko announced on national television Monday. … Read More
SADC Reports Nearly 68 Million Affected by Drought in Southern Africa
About 68 million people in Southern Africa are suffering the effects of an El Nino-induced drought which has wiped out crops across the region, the regional bloc SADC said on … Read More
South Sudan Announces Compulsory Cargo Tagging Will Continue
South Sudan says exporters of cargo into, or out of its territory must tag it with special seals it will provide, overriding a court challenge mounted by traders to oppose … Read More
Africa’s Energy Lobby Condemns Funding Discrimination
The African Energy Chamber (AEC) is protesting what it sees as discrimination by Western lenders in supporting the continent’s oil and gas projects, with owners and investors forced to suspend … Read More
Ride-Hailing Rate Dispute: Kenyan Drivers Take a Stand
The conflict over fare rates between ride-hailing companies and their driver-partners in Kenya has intensified. Drivers, who normally follow fare structures set by ride-hailing platforms, are now setting their own … Read More
Kenya’s Mobius Motors Secures Buyer Following Closure Announcement
A week after Mobius Motors, a Kenya-based automaker supported by Playfair Capital, announced its shutdown, the company has accepted an acquisition offer from an undisclosed buyer. Nicolas Guibert, a director … Read More
Why one network area is yet to ease EAC call rates
Making phone calls within the East African Community (EAC) remains costly despite the efforts to eliminate roaming charges through the One Network Area (ONA) program. Even though all six partner … Read More
Analysts warn of economic shocks from Gen Z protests persist
Analysts believe that while current business disruptions in Kenya might not significantly impact the country’s economic outlook, prolonged protests could adversely affect key sectors like tourism. David Omojomolo, an economist … Read More
Steel door, grille orders boom as Gen-Zs demonstrations rage
Public service vehicles and traders who had earlier entered Nairobi’s CBD were removed by police, resulting in deserted streets and closed businesses. The situation is significantly impacting the economy, particularly … Read More