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Business and Economy
Covers economic trends, financial markets, startups, trade, inflation, employment, and policy decisions impacting Kenya and African economies.
World Bank Warns of Stalling Recovery as Inflation Set to Climb Across Sub-Saharan Africa
- By Black Hot Fire Network Team
- . June 25, 2026
Sub-Saharan Africa’s economic recovery is losing momentum, with the World Bank projecting growth will hold at 4.1 percent in 2026, the same pace recorded in
6th Canada-Africa Business Conference Opens in Lagos, Headline Sponsored by Zenith Bank Plc
- By Black Hot Fire Network Team
- . June 24, 2026
The Canada-Africa Chamber of Business (www.CanadaAfrica.ca) today opens the 6th Canada-Africa Business Conference in Lagos, Nigeria, headline sponsored by Zenith Bank Plc, bringing together senior
World Bank Backs Renewable Energy Push in Africa
- By Black Hot Fire Network Team
- . June 24, 2026
Accelerating electrification in underserved rural and remote areas across Benin, Central African Republic, Liberia, and Sierra Leone WASHINGTON, June 22, 2026 – The World Bank
Kenya ties local drug manufacturing push to health financing reforms – Health Business
- By Black Hot Fire Network Team
- . June 23, 2026
Kenya’s government is tying its push to manufacture more medicines, vaccines and medical technologies locally to a broader overhaul of health financing, arguing that reducing
Kenya, Japan sign Ksh22B deal to expand local vehicle assembly
- By Black Hot Fire Network Team
- . June 23, 2026
Kenya and Japan have unveiled a new Ksh22 billion financial facility primarily aimed at rapidly expanding Kenya’s young automotive industry. The deal between the Government
South Africa firms in Sh413bn swoop on Kenya blue-chips
- By Black Hot Fire Network Team
- . June 22, 2026
South African companies are betting Sh413 billion on acquisitions in Kenyan blue-chip firms, seeing them as a platform for a bigger foothold in the fast-growing
Uganda says Islamic Development Bank approves R12.28bn loan
- By Black Hot Fire Network Team
- . June 22, 2026
The Islamic Development Bank’s (IsDB) executive board has approved a €650.7m (R12.28bn) loan to Uganda to help finance its standard gauge railway project, the finance
Why Morocco’s OCP is quietly becoming the world’s most strategic fertilizer producer in 2026
- By Black Hot Fire Network Team
- . June 21, 2026
In early April, the company sitting on the world’s largest phosphate reserves brought forward by six months a maintenance programme scheduled for Q4, pulling
South Africans Take Huge Bets on Kenya’s lucrative Banking Business
- By Black Hot Fire Network Team
- . June 21, 2026
South African banks are at the forefront of African lenders seeking for a foothold in Kenya’s lucrative banking business. A similar zeal is being displayed
Africa’s banking giants target Kenya as Absa deepens East Africa expansion
- By Black Hot Fire Network Team
- . June 20, 2026
The latest move comes from South Africa’s Absa Group, which plans to spend about $238 million to increase its stake in Absa Bank Kenya