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Business and Economy
Covers economic trends, financial markets, startups, trade, inflation, employment, and policy decisions impacting Kenya and African economies.
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Nigerian billionaire Femi Otedola has spent about $300 million buying bank shares this year raising his First HoldCo stake to 26% as he targets a 51% majority takeover
- By Black Hot Fire Network Team
- . August 9, 2026
The buying spree is increasingly looking like more than a portfolio investment. Otedola, whose business interests have ranged from energy and power generation to
South African Bank Stocks Priced For Better Days
- By Black Hot Fire Network Team
- . August 8, 2026
South Africa’s bond market is quietly telling a different story to the rating agencies, as government debt trades at investment grade levels and fiscal discipline
Trade and Financial Services Round-Up
- By Black Hot Fire Network Team
- . August 8, 2026
Kenya Gov’t Maintains Sugar Import Ban and Import Licence Freeze for Traders Agriculture and Livestock Development Cabinet Secretary Mutahi Kagwe has reaffirmed the government’s ban
Kenya seeks $450m World Bank emergency funding as war, weather risks grow
- By Black Hot Fire Network Team
- . August 7, 2026
Kenya is in talks to secure about $450 million in emergency funding from the World Bank as the government races to protect the economy from
Airtel Kenya new CEO Jibril Tobe on rising above the competition
- By Black Hot Fire Network Team
- . August 7, 2026
After serving in Airtel’s smaller West African markets of Chad and Congo (Brazzaville), Jibril Tobe was tapped as Kenya CEO a month ago, with the
Kenya’s private sector growth hits 6-month high as economy recovers
- By Black Hot Fire Network Team
- . August 6, 2026
Employees at an apparel firm in Kenya at work Kenya’s private sector returned to growth in July for the first time in five months. This
AERC–World Bank Visiting Scholars Programme 2026: Research Fellowship for African Economist
- By Black Hot Fire Network Team
- . August 5, 2026
The African Economic Research Consortium (AERC) has opened applications for the AERC–World Bank Visiting Scholars Programme 2026, offering eligible researchers a unique opportunity to collaborate
Homes, land price boom in Nairobi outskirts ends
- By Black Hot Fire Network Team
- . August 5, 2026
A decades-long property boom on the outskirts of Nairobi, including Kiambu, Kitengela and Ngong, is coming to an end as home prices drop and land
Ruto Sets 10-Year Target to Transform Kenya Into an Upper Middle-Income Economy
- By Black Hot Fire Network Team
- . August 4, 2026
Kenya should set its sights on becoming an upper-middle-income economy within the next 10 years instead of settling for slow progress, President William Ruto has
Airtel, Safaricom locked in business wallet price war
- By Black Hot Fire Network Team
- . August 4, 2026
Airtel on Monday launched a product to rival Safaricom’s Pochi la Biashara, triggering a price war that has cut the cost of customer transfers to