Via The Conversation, an article on how a Kenya railway study shows Chinese-funded investment projects aren’t a one-way street: China is an important economic player in Africa. In 2021 alone, China accounted for nearly US$5 billion in foreign direct investment in African countries. The rapidly increasing Chinese presence across Africa has become a contentious issue […]
Read more »Via CNN, an article on how America’s unwanted gas guzzling cars end up in places like Benin, Nigeria, and Kenya: Standing on the stony ground in the bustling Fifa Park car lot, Rokeeb Yaya is haggling over the price of a dark red car. It is one of a couple hundred vehicles, parked in long […]
Read more »Courtesy of The Africa Report, a look at Kenya’s shift towards western investors and governments: Kenya is increasingly becoming a darling of the West when it comes to trade and investment, a momentous diplomatic deviation from the East, particularly China, which was the previous regime’s lodestar for nearly a decade: Since the new administration assumed […]
Read more »Via The Africa Report, a look at the top performing economies in Africa: The continent is experiencing an uneven economic recovery, with significant variations from one country to another, according to the latest edition of the World Bank’s “Africa’s Pulse” report. Inflationary pressures, threats of recession, and declining investment have contributed to a weak economic […]
Read more »Via African Business, a look at Africa’s economic prospects for 2023 – a year in which many of Africa’s major economies will suffer from the ongoing impacts of the Russia-Ukraine war and food price inflation, but experts say that Senegal and Kenya offer cause for optimism: With Africa facing the impacts of the Russia-Ukraine War, runaway […]
Read more »Via The Financial Times, a report on how Mars – the world’s largest confectionery maker – is on track to double the value of sales in developing countries in five years: Mars has embarked on a drive to convince developing country consumers to eat more chocolate, claiming it is on track to double the value […]
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