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Business and Economy
Covers economic trends, financial markets, startups, trade, inflation, employment, and policy decisions impacting Kenya and African economies.
Lawmakers criticize Ruto’s Singapore plan, cite basic needs
- By Black Hot Fire Network Team
- . January 15, 2026
Lawmakers Critique Ruto’s Singapore Economic Model Embakasi East MP Babu Owino and Kiharu MP Ndindi Nyoro have expressed reservations regarding President William Ruto’s pursuit of
KenTrade Efficiency Boost Could Benefit Kenyan Competitiveness
- By Black Hot Fire Network Team
- . January 14, 2026
Kenya’s government is emphasizing the importance of trade facilitation as a key driver of economic growth. A recent meeting between Chief of Staff Felix Koskei
Kenya Rejects Claims of Strained Ties with China
- By Black Hot Fire Network Team
- . January 13, 2026
Foreign Affairs Principal Secretary Korir Sing’Oei has refuted reports suggesting a strained trade relationship between Kenya and China. He described recent claims as “completely unfounded”
GW Platt Recognizes Top Foreign Exchange Banks in Africa 2026
- By Black Hot Fire Network Team
- . January 13, 2026
Ecobank has been recognized for its foreign exchange capabilities in Africa, leveraging digital platforms to streamline payments and provide liquidity solutions. The bank’s services are
Nigeria Banks Face 2026 Recapitalization Requirements
- By Black Hot Fire Network Team
- . January 12, 2026
The Central Bank of Nigeria (CBN) implemented a new capital requirement for banks, prompting questions about the stability and financial health of the banking sector.
Kenya Suspends Trade Agreement with China
- By Black Hot Fire Network Team
- . January 12, 2026
Kenya has delayed signing a trade agreement with China. The delay comes as the nation seeks to renew its participation in the African Growth and
Japan and Kenya Upgrade Port of Mombasa
- By Black Hot Fire Network Team
- . January 11, 2026
A Japanese parliamentary delegation, led by Councillor Akiko Ikuina, recently visited the Port of Mombasa. The visit highlighted the long-standing and impactful partnership between Japan
Kenya’s Trade Deficit Widens Amid Rising Asian Imports
- By Black Hot Fire Network Team
- . January 11, 2026
Kenya faces a widening trade imbalance, presenting a challenge to policymakers aiming to stabilize the external account through export growth. The latest data from the
Flutterwave Buys Mono to Expand African Open Banking
- By Black Hot Fire Network Team
- . January 10, 2026
Flutterwave, a leading payments technology company in Africa, has acquired Mono, a provider of open banking infrastructure. The acquisition aims to enhance Flutterwave’s account-to-account (A2A)
Kenyan court suspends challenge to EABL acquisition
- By Black Hot Fire Network Team
- . January 10, 2026
A Kenyan court has postponed a hearing concerning an attempt to block the sale of Diageo’s business in the country to Asahi Group Holdings. The