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Business and Economy
Covers economic trends, financial markets, startups, trade, inflation, employment, and policy decisions impacting Kenya and African economies.
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
Kenya’s delicate energy balancing act in face of rationing
- By Black Hot Fire Network Team
- . May 26, 2026
Kenya Power Managing Director Joseph Siror recently revealed that the utility is forced to ration electricity whenever supply from wind and solar plants plummets to
With payroll launch, Bujeti just made the HR-finance chaos obsolete
- By Black Hot Fire Network Team
- . May 26, 2026
Bujeti, the Y Combinator-backed Finance Control Centre for African businesses, has launched Bujeti Payroll. It is the platform’s most consequential product to date. It
Kenya under pressure as Uganda issues Sh62bn bond for SGR
- By Black Hot Fire Network Team
- . May 25, 2026
Uganda has put pressure on Kenya to connect Malaba to the standard gauge railway (SGR) after it issued a Sh62 billion (€405 million) bond to
Global Trade Realignment Ignites Bold Investment Surge Across Kenya’s Industrial Supply Chains
- By Black Hot Fire Network Team
- . May 25, 2026
A seismic realignment in global trade architectures is fundamentally reshaping foreign direct investment flows into Kenya, transforming the nation from a passive consumer market into