growth
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Kenya’s economy is projected to demonstrate resilience through 2026, according to the Mastercard Economics Institute’s latest outlook. The nation is anticipated to maintain economic momentum despite ongoing global economic challenges. The Mastercard Economics Institute’s 2026 Economic Outlook identifies several factors contributing to Kenya’s positive trajectory. Key Economic Strengths The report emphasizes solid domestic demand, expanding […]
Safaricom is investing $500 million to transform itself from a telecom provider into a tech leader by 2030. The company is focusing on AI, fintech, and infrastructure upgrades to support Kenya’s businesses, farmers, and entrepreneurs. M-PESA Fintech 2.0: Africa’s Next-Gen Mobile Money Revolution Safaricom is taking M-Pesa to the next level by embedding AI into […]
Africa faces significant challenges due to the increasing frequency of internet shutdowns, impacting democratic governance and economic development. These disruptions are particularly prevalent during politically sensitive periods and are raising concerns among international organizations. UNESCO has expressed alarm over the rising number of government-imposed internet shutdowns, emphasizing that access to the internet is crucial for […]
Venezuela’s oil industry has faced significant turmoil over recent decades, impacting global energy markets and potentially affecting U.S. consumers. Recent developments suggest a possible shift in Venezuelan oil production and exports, raising questions about the implications for the United States and other nations. Historical Challenges Venezuela’s oil industry experienced a steady decline beginning in 1998, […]
SportPesa Kenya began 2026 with a focus on growth following a year marked by legal resolutions and milestones in sports and community engagement. Chief Executive Officer Ronald Karauri highlighted the company’s resilience in a competitive market and its efforts to address ongoing legal matters. Legal Resolutions SportPesa Kenya achieved a significant victory in a London […]
A block of Upshur Street NW in Petworth is recognized for its concentration of women-owned businesses, and Washington, D.C., is celebrating them during Black-Owned Business Month. Despite economic concerns, consumer spending has increased this summer, benefiting these local establishments. Petworth Business Community Several Black women-owned businesses are located on a single block of Upshur Street, […]
The World Bank has increased its economic growth projections for Sub-Saharan Africa, citing strengthening investments and exports as key factors. The updated forecasts are included in the January 2026 Global Economic Prospects (GEP) report, which notes increased resilience in several regional economies. Economic activity in the region is now projected to reach 4.0% in 2025, […]
Tech companies are shifting their compensation strategies, increasingly rewarding top-performing employees rather than focusing on addressing underperformance. This change is driven by the rising value of high-impact individuals in an AI-driven landscape. Compensation System Overhauls Several major tech companies have recently implemented significant changes to their performance review and compensation systems. Meta’s “Checkpoint” program allows […]
Kenya’s business environment faces a complex situation, characterized by both excessive and insufficient regulation, according to Pheres Kariuki, CEO of Pure Infrastructure Ltd. The challenges faced by businesses are likened to the situation in Colombia, where an uncontrolled population of hippos is negatively impacting the ecosystem. The Analogy of Escobar’s Cocaine Hippos In 1978, Pablo […]
South Africa’s economy is projected to experience growth, according to the World Bank’s latest “Global Economic Prospects” report. The report also details broader trends in Sub-Saharan Africa and highlights potential risks related to global trade. Growth in Sub-Saharan Africa is also anticipated to increase, though challenges remain in reducing extreme poverty. Economic Growth Projections South […]