Cost of Living Protests Erupt Across Nigeria
Partly inspired by protests in Kenya, Nigerian youth have taken to the streets to oppose economic policies they believe are worsening living conditions in the country. Just weeks after deadly … Read More
Category: Economy
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
Deliberate tax incentives to boost e-mobility uptake
Tax incentives are a set of measures provided by governments to encourage growth in specific sectors or populations. These incentives aim to stimulate sector development and enhance national economic benefits, … Read More
Non-Compliant Companies face being De-registered by URSB
The Uganda Registration Services Bureau (URSB) urgently announces a major clean-up initiative targeting companies that have failed to file annual returns. Starting August 30, 2024, URSB will begin de registering … Read More
Analysts see bigger selloffs if Fitch cuts Kenya credit rating
A downgrade of Kenya’s credit rating by a second ratings agency could lead to a larger market selloff, analysts have warned. This comes as Fitch is expected to release its … Read More
Dangote regains the title of Africa’s richest man
In an interesting turn of events, Nigeria’s Aliko Dangote has reclaimed the title of Africa’s richest man, just days after South African businessman Johann Rupert briefly overtook him. As of … Read More
Indonesian cigarettes maker plots Kenyan market entry
PT Djarum, a 73-year-old Indonesian cigarette manufacturer, is considering entering the Kenyan market, which could challenge the dominance of British American Tobacco (BAT) Kenya. Last week, a Djarum delegation visited … Read More
URA Triumphs in Landmark Tax Evasion Case Against Crane Autos Limited
The Uganda Revenue Authority (URA) has achieved a major legal victory in its battle against Crane Autos Limited, a leading car importing company accused of evading Sh20.1 billion in taxes. … Read More
Kenya’s Inflation Falls in July as Food and Fuel Prices Stabilize
Inflation in Kenya has fallen to 4.3 per cent year-on-year in July from 4.6 per cent a month earlier, according to new data released by the Kenya National Bureau of … Read More
Malaysia Applies for BRICS Membership
Malaysia has applied to join the BRICS group of nations, the country’s Prime Minister Anwar Ibrahim said on Sunday. He made the remarks during a meeting with Russian Foreign Minister … Read More