Beijing/Washington – Chinese leader Xi Jinping and US President Donald Trump spoke by phone on Wednesday, with both leaders emphasizing the importance of mutual respect and cooperation in managing bilateral ties. According to Chinese state broadcaster CCTV, Xi told Trump that the two countries could resolve their differences by addressing…
Nairobi, Kenya – Kenya and the United Kingdom have signed a Memorandum of Understanding (MoU) aimed at enhancing border security cooperation and improving stability in Kenya’s borderlands. The agreement underscores both nations’ commitment to tackling cross-border threats and protecting communities from transnational organised crime. Joint Efforts Against Cross-Border Threats In…
Abuja, Nigeria – In a landmark move aligning corporate expansion with national energy strategy, three subsidiaries of the Dangote Group have signed enhanced gas supply agreements with units of the Nigerian National Petroleum Company (NNPC). The deals, announced during the launch of Nigeria’s Gas Master Plan 2026, underscore a concerted…
Nairobi, Kenya – President William Ruto’s economic advisor David Ndii has weighed in on the sudden closure of Koko Networks, a venture-backed technology company that provided clean ethanol cooking fuel and products to thousands of Kenyan households. The company, which also operated in other East African countries, shut down its…
Nairobi, Kenya – The Nairobi City County Government has unveiled LiquorPay, a fully automated digital platform designed to streamline liquor licensing by eliminating paperwork, reducing bureaucracy, and enhancing transparency and efficiency across the city. The new system marks a significant step in Governor Johnson Sakaja’s broader initiative to modernize city…
New York/Washington – The U.S. dollar edged up slightly on Thursday but remained close to multi-year lows, as a mildly hawkish Federal Reserve stance provided little support amid persistent concerns over U.S. policy. The greenback ended last week with its steepest fall since April 2025, as investors grew increasingly nervous…
Lusaka, Zambia – The International Monetary Fund (IMF) has approved the sixth and final review of Zambia’s lending program, unlocking $190 million for the Southern African nation. The decision marks the conclusion of a multi-year credit facility designed to stabilize Zambia’s economy and support its recovery from debt distress. Background…
New Delhi/Brussels – Shipping data shows that Indian diesel exports to West Africa have reached record highs, as the European Union enforces stricter rules banning fuel refined from Russian crude oil. At the same time, Turkey’s diesel exports to Europe have slowed, reflecting the impact of the EU’s new restrictions…
Nairobi, Kenya – Global credit rating agency Moody’s has upgraded Kenya’s credit rating from Caa1 to B3, changing the outlook to stable. The move offers some relief after years of economic strain and mounting debt pressure, signalling that the country’s near-term risk of default has reduced. Why the Upgrade Matters…
Nairobi, Kenya – RUPSA Sacco has announced plans to auction the movable assets of the Kenya Union of Savings and Credit Cooperative Limited (KUSCCO) in a bid to recover Ksh.108.8 million in deposits and accrued interest. The move follows what RUPSA describes as prolonged non-compliance by the apex cooperative body…