Dangote Industries Limited’s proposed oil refinery in Kenya has attracted fresh regional investment interest after Tanzanian billionaire Mohammed Dewji expressed his willingness to commit up to...
Dangote Industries Limited has commenced preliminary development activities for its planned 700,000-barrel-per-day oil refinery in Kenya. The project, which will be located in Lamu on Kenya’s...
Aliko Dangote is considering Kenya as the location for a proposed 650,000 barrels-per-day oil refinery project that could transform fuel supply across East Africa and reduce...
The German development bank KfW acting on behalf of and for the account of the Federal Republic of Germany has become the latest shareholder in the African...
Aliko Dangote has called on African countries to halt the export of raw materials without value addition and warned that the continent’s long-standing reliance on commodity...
African currencies showed mixed performance in the past week with Nigeria’s naira expected to gain slightly while Ghana’s cedi and Zambia’s kwacha face renewed pressure. Kenya’s...
Kenya is negotiating with China to convert part of its dollar-denominated loans into yuan and extend the repayment period, in a move aimed at reducing annual...
The Central Bank of Kenya (CBK) has extended its longest uninterrupted easing cycle to support economic growth and stimulate private-sector lending. The apex bank announced a...
Elon Musk’s satellite internet provider, Starlink, is experiencing a sharp contraction in Kenya with subscriber figures declining in the first quarter of 2025 as local consumers...
The Central Bank of Kenya (CBK) has reduced its benchmark interest rate by 25 basis points to 9.75% for the sixth consecutive time as the monetary...