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Business and Economy
Covers economic trends, financial markets, startups, trade, inflation, employment, and policy decisions impacting Kenya and African economies.
The silent thief stealing Kenya’s future
- By Black Hot Fire Network Team
- . June 1, 2026
Kenya has spent the past decade positioning itself as a hub of innovation and creativity. From film and music to sports broadcasting and online media,
Ex-AfDB chief to chair Botswana diamond fund as country pushes economic diversification
- By Black Hot Fire Network Team
- . May 31, 2026
Akinwumi Adesina, the former African Development Bank president, has been appointed chairman of Botswana’s Diamonds for Development Fund, a new initiative aimed at using the
Absa Bank Kenya Q1 Net Profit Drops 13% to Ksh5.3B
- By Black Hot Fire Network Team
- . May 31, 2026
Absa Bank Kenya PLC has posted a profit after tax of KSh5.3 billion and achieved a Return on Equity of 20.3% for the quarter ended
Express Kenya plans cash call with sale of 50 million shares
- By Black Hot Fire Network Team
- . May 30, 2026
Express Kenya plans to raise additional capital from existing investors by selling 50 million new shares at a price the company says will be disclosed
Workers’ pain as fuel prices push inflation to 28-month high
- By Black Hot Fire Network Team
- . May 30, 2026
Kenya’s inflation accelerated for the second month running in May, hitting its highest in more than two years, largely due to fuel price increases linked to the
Annual Meetings 2026 (AM2026): African…
- By Black Hot Fire Network Team
- . May 29, 2026
The African Development Bank Group (www.AfDB.org) and the World Economic Forum (WEF) on Wednesday launched the Humanitarian and Resilience Investing (HRI) Roadmap for Africa to
South Africa Reserve Bank Hikes Rates 25bps To Fight Inflation
- By Black Hot Fire Network Team
- . May 29, 2026
South African Reserve Bank Hikes Rates 25bps to Fight Inflation The South African Reserve Bank (SARB) raised interest rates by 25 basis points, citing escalating
AfDB Commitments to Morocco Hit Record €1.3 Billion in 2025
- By Black Hot Fire Network Team
- . May 28, 2026
Marrakech – The African Development Bank’s financial commitments to Morocco reached a record high of nearly €1.3 billion in 2025, the bank’s country manager for
African Leaders Urge Massive Investment In Energy And Infrastructure At African Development Bank Group’s 2026 Annual Meetings
- By Black Hot Fire Network Team
- . May 27, 2026
African leaders called for substantial investment in energy, infrastructure, industrialisation and climate finance, while also emphasising the need for the continent to mobilise more private
Kenyan Official Rejects New Crypto Tax Claims as Nairobi Tightens Virtual Asset Rules
- By Black Hot Fire Network Team
- . May 27, 2026
Key Takeaways Kenyan Treasury CS Mbadi denied reports of new crypto or bread taxes on May 25 to calm public panic. KPMG warned that the