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Kenya has established the National Infrastructure Fund (NIF) to alter the government’s approach to financing large development projects like roads and airports. Previously, the nation relied on public debt and annual budget allocations, which contributed to rising debt levels. Fund Objectives and Operation The NIF aims to shift from borrowing to build by attracting long-term […]
Nigerian banks contributed significantly to the fastest growth among emerging markets during the first half of 2025, according to a recent report by Fitch. This growth was largely driven by an increase in interest income. The report, released Tuesday, indicated that African banks experienced a notable rise in net interest margins compared to other emerging […]
DJ Maphorisa, a prominent producer and music maker, has voiced concerns regarding the current state of South African hip-hop. He believes the genre has diminished in vibrancy compared to its previous dominance in the local music scene. The producer expressed his disappointment on social media, suggesting a need for greater collaboration among artists. DJ Maphorisa’s […]
Patrice Motsepe, President of the Confederation of African Football (CAF), has stated the organization’s goal is to develop East Africa into a leading football region on the continent. This ambition was highlighted in connection with the decision to award the hosting rights for the Africa Cup of Nations (Afcon) 2027 to Tanzania, Kenya, and Uganda. […]
China announced plans to eliminate tariffs on imports from almost all African countries. The move aims to bolster trade relations between Beijing and the African continent. According to Chinese sources, President Xi Jinping announced the zero-tariff import duty, set to begin May 1, encompassing all African countries except Eswatini. Tariff Policy Expansion Previously, a tariff […]
Angella Okutoyi, a Kenyan tennis star and reigning African champion, has launched a crowdfunding initiative to support her transition to a professional tennis career. The initiative comes as Okutoyi faces challenges securing sponsorships to cover the significant costs associated with professional play. Okutoyi’s Career Achievements Angella Okutoyi made history in 2022 by becoming the first […]
Family remittances play a crucial role in supporting millions of families across Africa, often representing the difference between survival and destitution. The International Day of Family Remittances, observed annually on June 16th, highlights the importance of these transfers and the challenges that need to be addressed to maximize their benefits. Remittances in Africa: A Vital […]
Football Kenya Federation (FKF) President Hussein Mohammed has outlined a vision for the revival of Kenyan football, emphasizing credibility, responsible resource management, and inclusive development across all disciplines. This vision aims to restore trust among sponsors and partners and foster a return of confidence in the sport. Mohammed highlighted recent progress, attributing it to increased […]
A new study details the significant economic impact of digital payments in the United States. Conducted by PwC for the Electronic Transactions Association (ETA), the analysis is the first comprehensive assessment of the value of digital payments across various commerce sectors. The study, utilizing data from 2024, reveals that digital payments contribute substantially to the […]
Africa’s digital economy is anticipated to expand significantly, reaching over USD 700 billion by 2050 from approximately USD 115 billion in 2022. The Digital Assets Summit Africa (DASA) 2026 is planned to contribute to this growth. The two-day summit will take place September 29-30, 2026, at the Kempinski Hotel Gold Coast City in Accra, Ghana. […]