Economy
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Kenya’s Economy Grows by 4% in Q3 2024, the Slowest Pace Since Early 2021
Kenya’s economy expanded by 4% in the third quarter of 2024, marking the slowest growth rate since early 2021. This…
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Ndiritu Muriithi Appointed as KRA Board Chair in Fresh State Appointments
President William Ruto has appointed former Laikipia Governor Ndiritu Muriithi as the Chairperson of the Kenya Revenue Authority (KRA) Board…
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Ruto Makes Major Changes in His Cabinet, State Corporations
President William Ruto made changes to the senior ranks of the executive, including nominations, reassignments, and appointments. The reshuffles and…
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KRA Announces Key Changes to PAYE Following Tax Laws (Amendments) Act, 2024
The Kenya Revenue Authority (KRA) has announced updates to the Pay-As-You-Earn (PAYE) computation following the implementation of the Tax Laws…
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Shelter Afrique Development Bank Partners with African Union to Tackle Africa’s Housing Crisis
Shelter Afrique Development Bank (ShafDB) and the African Union (AU) have signed a Memorandum of Understanding (MOU) to address Africa’s…
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Kenya Invites Tenders for Leasing Electric Vehicles
Kenya’s National Treasury and Economic Planning has issued an open national tender inviting local and international firms to participate in…
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Saudi Group Offers $1.3 Billion to Acquire South Africa’s Barloworld
Saudi Arabia’s Zahid Group and its partners, Gulf Falcon Holding and Entsha, have proposed a $1.3 billion buyout of South…
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AFD Approves $18.3 Mn for Revenue Mobilization in Liberia
The Board of Directors of the African Development Fund (ADF), the concessional lending arm of the African Development Bank Group,…
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AfDB to Lead Financing of $340 Million Moyi Power Project in DRC
The African Development Bank has been named mandated lead arranger for the Moyi Power Metro-Grids project, a $340 million private…
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Angola to Privatise State-Owned Airline TAAG in 2026
Angola will continue restructuring its state-owned airline, TAAG, next year as part of plans to privatize the 86-year-old carrier in…
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