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Business and Economy
Covers economic trends, financial markets, startups, trade, inflation, employment, and policy decisions impacting Kenya and African economies.
Kenya’s economy creates more millionaires
- By Black Hot Fire Network Team
- . July 19, 2026
Knight Frank CEO Mark Dunford giving his presentation during a media briefing on Wealth and Investment Trends in Kenya on July 14,2026. [Benard Orwongo Standard]
NCBA Insurance bets on marine cover as Kenya’s trade sector expands
- By Black Hot Fire Network Team
- . July 18, 2026
NCBA Insurance has reaffirmed its commitment to strengthening partnerships with insurance intermediaries as it champions greater awareness and adoption of marine insurance solutions amid growth in
World Bank and GPE-backed $552 million education program launches to train 500,000 teachers and educate 29 million Nigerian children
- By Black Hot Fire Network Team
- . July 18, 2026
Nigeria launched a $552 million basic education programme on July 16, 2026, which is co-financed by the World Bank and the Global Partnership for Education
Access’s pan-African bet delivers Africa’s biggest banking capital growth
- By Black Hot Fire Network Team
- . July 17, 2026
Access Holdings recorded Africa’s biggest increase in Tier 1 capital, leading a strong showing by Nigerian lenders in The Banker’s latest global banking rankings. An
World Bank Group Africa Fellowship Program 2027 for Ph.D. students & recent graduates (Fully Funded to Washington, D.C. or a WBG country office)
- By Black Hot Fire Network Team
- . July 17, 2026
1 Application Deadline: August 25, 2026 Applications are now open for the 2027 World Bank Group Africa Fellowship Program. The Africa regions of the World
African Bank warns it may cut 1 200 jobs and close 90 branches
- By Black Hot Fire Network Team
- . July 16, 2026
African Bank says it may close about a quarter of its branches and shed more than 1 000 jobs as it contends with cost pressures.
Swedish firm bets on Kenya in regional expansion strategy
- By Black Hot Fire Network Team
- . July 16, 2026
Audio By Vocalize Atlas Copco Eastern Africa Limited Regional General Manager Raphael Kiandiko during an interview on the sidelines of the 90th anniversary celebration of
Value of medicine imports dips 24pc as Kenya ramps up local production
- By Black Hot Fire Network Team
- . July 15, 2026
Kenya cut its spending on imported medicines by 23.52 percent in the first quarter of this year, marking the second consecutive year of decline, as
Bank of America says there’s an emerging ‘shock risk’ for stocks as another dot-com signal flashes
- By Black Hot Fire Network Team
- . July 15, 2026
The bank said on Tuesday that there’s risk of a fresh “shock” emerging for markets, pointing to one divergence that’s appeared lately in stocks.
World Bank classification: What this means for Nigeria’s economy
- By Black Hot Fire Network Team
- . July 14, 2026
The World Bank has retained Nigeria’s lower-middle-income classification for its 2027 fiscal year and also designated the country as a blend economy, a status that