Rising prices prompt protests in Kenya
As inflation in Kenya surges and its currency depreciates the country’s citizens are facing the realization that their new president...
Africa
North Africa to benefit from European oil demand
Global energy giants are increasingly turning to North Africa to quench their thirst for new sources of oil. Long viewed...
Uganda and Tanzania stand by fossil fuel projects
Uganda is refusing to reconsiderits plans to build an oil pipeline that could disrupt a national park and generate substantial greenhouse...
Zambian chafes at delay in debt restructuring
Zambia’s finance minister, Situmbeko Musokotwane, has criticized delays in the debt restructuring process, the FT reports. The criticism comes in the...
Growth stalls in Africa’s largest economies
Domestic political and economic headwinds are expected to threaten growth in South Africa and Nigeria this year, according to a report by economic research...
France pulls out of Burkina Faso
France said on Wednesday it would withdraw its troops from Burkina Faso within a month, CNN reports. The announcement came three...
Kenya scores venture capital investors
VC investors poured $1.1 billion into Kenyan private venture-backed companies last year, a windfall for the East African nation during...
Uganda abandons Belt and Road project, turns towards Turkey
Uganda canceled a deal this week that would have built a railway from its capital, Kampala, to the Kenyan port city of Malaba....
Janet Yellen visits Africa with insecurity on the agenda
US Treasury Secretary Janet Yellen kicked off a 10-day visit to Africa this week with a speech in Senegal that called out Russia for the...
Egypt undergoes painful adjustments in response to deepening economic crisis
The Egyptian government is pursuing broad measures to stabilize the economy as the Arab state grapples with a foreign currency crisis,...
Biden stacks up commitments to Africa at DC summit
At the second US-Africa leadership summit in Washington DC this week, President Joe Biden promised a wave of investment in...
Deepening crisis forces Ghana to backtrack on promises and restructure foreign debt
Amid a fragmenting political environment, Ghana has reversed previous promises and proposed a 30% “haircut” on foreign debt. The restructuring announcement came...
