Shrinking foreign exchange reserves put Kenya’s monetary strategy under scrutiny, even as the local currency holds firm against the US dollar. By Kirimi Mbogo A sharp weekly contraction…
Rather than submitting to punitive credit terms, African leaders in Nairobi vow to turn natural resources and collective bargaining into hard leverage against global debt rules. By Our…
How tax-evading rivals and state bureaucracy are bankrupting East Africa’s industrial hub. By Our Reporter NAIROBI — Everyday, one million ballpoint pens tumble off the assembly lines of…
A Nigerian mega-refinery breaks US dominance in European jet fuel markets, exposing the raw mechanics of regional price discovery. By Our Reporter At 466,000 metric tonnes in June…
SBM Bank Kenya bets that physical network expansion still pays dividends outside Nairobi. By Our Reporter In Nanyuki, a commercial hub nestled at the foot of Mount Kenya,…
Kenya wants to build its own medical consumables. Washington’s lenders seem willing to underwrite the experiment. By Our Reporter A routine delegation arriving at Afya House, the Nairobi…
Central bankers keep their cool as the shilling wobbles By Our Reporter NAIROBI—A drop of ninety million dollars in foreign exchange reserves over three weeks is hardly a…
Capitalism meets statecraft on the Kenya coast By Our Reporter NAIROBI—Sixteen billion dollars is a staggering sum for a plot of scrubland in Lamu, but Aliko Dangote has…
A drone summit and a private-jet executive are, it turns out, making the same case. By Napoleon Mugenzi Two days before the drones themselves take to the air,…
Nairobi wants investors to help finance the roads, railways, power plants and water projects it can no longer comfortably fund through debt. The new infrastructure fund promises a…
