Bamako, Mali – A landmark ruling by the West African Economic and Monetary Union (WAEMU) Court has struck down the 2022 economic blockade imposed on Mali, delivering a powerful legal warning to regional institutions and reigniting debate over the future of integration in West Africa. The decision challenges the legality…
Arusha, Tanzania – The East African Business Council (EABC) has announced the appointment of Ahmed Farah as its new Executive Director, following a competitive recruitment process overseen by the Council’s Executive Board. Appointment Process The announcement was made by EABC Chairperson John Lual Akol Akol, who confirmed that Mr. Farah…
Gaborone, Botswana – Botswana is feeling the pinch as a slump in diamond sales forces the government to consider raising taxes. Diamonds, long the backbone of the economy, have seen global demand weaken, prices fall, and production slow, leaving a significant gap in state revenues. Government Response To plug the…
Cape Town, South Africa – The annual Mining Indaba conference opened on Tuesday under the theme “Stronger Together”, bringing together leaders from government and industry to shape the priorities of Africa’s vital mining sector. Keynote Address by Zambia’s President Delivering the keynote, Zambia’s President Hakainde Hichilema emphasized the importance of…
Singapore – Singapore has raised its economic growth forecast for 2026, citing booming demand for artificial intelligence (AI)-related products and resilient global trade despite the impact of US tariffs. The Ministry of Trade and Industry announced Tuesday that gross domestic product (GDP) is now expected to expand between 2.0% and…
Dar es Salaam, Tanzania – More than four years after it was destroyed by fire, the iconic Kariakoo Market has reopened with a modern six-storey complex, marking a new chapter for one of East Africa’s busiest trading hubs. On Sunday, February 8, 2026, President Samia Suluhu Hassan inaugurated the rebuilt…
Seoul, South Korea – Cryptocurrency exchange Bithumb has admitted to accidentally distributing more than Ksh 5.1 trillion worth of bitcoins to customers during a promotional event, sparking a sharp selloff on its platform. The incident occurred on Friday, February 6, 2026, when winners of a rewards campaign were supposed to…
Lusaka, Zambia – Ghana and Zambia have agreed to abolish visa requirements for each other’s citizens, marking a significant step toward closer regional integration and easier cross-border movement. The announcement was confirmed by Ghana’s Foreign Affairs Minister Samuel Okudzeto Ablakwa during President John Dramani Mahama’s official visit to Zambia. The…
Nairobi, Kenya – The latest United Kingdom (UK) Government trade and investment data confirms that total UK–Kenya trade reached a record £2.1 billion (KES 360 billion) in the four quarters to the end of Q3 2025, marking the highest level ever recorded between the two nations. Strong Export Growth The…
Silicon Valley, USA – Google parent company Alphabet has reported record-breaking earnings, with annual revenue surpassing $400 billion (Ksh.51.6 trillion) for the first time since its founding in 1998. The tech giant’s quarterly revenue jumped 18 percent year-on-year, underscoring the strength of its core businesses and its aggressive push into…