Via Kenyan Wall Street, an article on global firms reconsidering Kenyan investments given recent risks: As Kenya reels from protests and uncertainty, even after President Ruto’s announced his administration would be withdrawing the Finance Bill 2024, some foreign companies are considering temporarily pausing their investments in the country. The Kenyan Wall Street spoke with several firms, […]
Read more »Via South China Morning Post, an article on China handing over the keys to the railway as African countries take control of 2 major belt and road projects: The Addis Ababa-Djibouti Railway and the Mombasa-Nairobi Standard Gauge Railway have both had recent handovers from Chinese operators Observers say training workers is part of China’s localisation […]
Read more »Via Bloomberg, commentary on a proposed new strategy for Washington to center on giving four “anchor” African countries preference in economic and military support: Africa, with 60% of the arable land on the planet, 30% of the mineral reserves and a population approaching 1.5 billion, is an increasingly vital region for global security. Unfortunately, the US has not been […]
Read more »Courtesy of The Economist, a look at how avocados are driving another sort of green economy in Kenya: Look beyond the lions and elephants. Resist the cups of coffee and tea. Hail instead Kenya’s latest success story: the firm but luscious avocado pear, now climbing up the list of Kenya’s exports. Already the biggest African avo-exporter, […]
Read more »Via Foreign Policy, an article on how a major source of work for women in East Africa is suddenly under threat: At Kampala’s sprawling Owino market, Millicent Mukwezi opens up a bundle of secondhand clothes while her assistant keeps an eye on the buyers eagerly rifling through in search of bargains. Mukwezi buys the clothing […]
Read more »Via The Hindu BusinessLine, an article on Kenya and Uganda’s decision to offer land on lease to Indian businesses to pursue opportunities in rice, wheat, millets, floriculture, livestock: With many African countries, such as Kenya, Uganda, Botswana, and Cote d’lvoire, actively looking beyond China for attracting foreign investments in agriculture — crucial for food security and […]
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