Executive Summery Charcoal is one of the most important commodities in sub-Saharan Africa, with as much as 80% of the urban population in the East Africa region using charcoal as their primary energy needs for cooking. It is cheap, efficient and easily transportable. It also provides income and livelihoods for millions of people. In Kenya,...
November 9, 2026
Category: Market Bazaar
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Kenya Overtakes Somalia as Main Exporter of Charcoal in the Region
By Mary Wambui The report by Global Initiative Against Transnational Organised Crime (GI-ATOC) dubbed ‘Black Gold; The charcoal grey market in Kenya, Uganda and South Sudan’ shows that Kenya is now a major transit point of charcoal coming from the neighbouring Uganda and South Sudan for local market and shipment to the Middle East where...
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IMF Executive Board Approved Additional Interim Assistance Request Under the Enhanced HIPC Initiative for Somalia
Washington, DC: The Executive Board of the International Monetary Fund granted additional interim assistance to Somalia under the enhanced Heavily Indebted Poor Countries (HIPC) Initiative in an amount of SDR 0.68 million (about US$ 0.97 million) on a lapse of time basis. [1] This interim assistance will cover Somalia’s debt service obligations to the Fund for the...
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Government explores new markets for Miraa
The government is exploring new options for Miraa after running into problems with Somalia, a key market in the region. Speaking during the launch of Meru County Micro and Small Enterprises Post Covid-19 Recovery Strategy, Industrialisation, Trade and Enterprise Development Cabinet Secretary Betty Maina said the Government of Kenya is working closely with the Djibouti...
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Controversy rears ugly head in Somali oil deals
Somalia’s sale of offshore oil blocks has hit a rock following the dismissal of the chief executive of the petroleum authority amid claims of political interference only six months into his tenure. Petroleum and Mineral Resources Minister Abdirashid Mohamed Ahmed, announced on January 21 that the Cabinet had dismissed Ibrahim Ali Hussein as chairman and...
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Somalia govt rescinds decision to disband Chamber of Commerce
By ABDULKADIR KHALIF, The East African Somalia’s Prime Minister Mohamed Hussein Roble on Wednesday rescinded a decision to dissolve the Somali Chamber of Commerce and Industry following complaints from traders. At a press briefing in Mogadishu, Mr Roble said the organisation had not been disbanded as announced by the Trade Ministry in December. “The Chamber...
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Top 5 Best Airlines In Africa
Although, Africa’s aviation industry is screened with issues of poor quality standards, inconsistency, ageing fleet of aircrafts et al. Amidst all that, some African airlines have been able to deliver quality service to passengers. Here is a list of the top 5 airlines in Africa: 1. Ethiopian Airlines Ethiopia’s flag carrier is wholly owned by...
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Africa losing $25.7b to fraudsters using tax havens
Governments in Africa lose about $25 billion annually to corporate abuse by multinationals who transfer profits to offshore tax havens and to individuals engaging in tax evasion through undeclared assets. Of these losses, $23.2 billion is to tax abuse by multinationals and $2.3 billion is lost to evasion by individuals and the money is equivalent...
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Coca-Cola launches home delivery service
Coca-Cola has launched a new home delivery service that will provide consumers with access to its range of beverages from the comfort of whatever location they are. Dubbed ‘DialACoke.com’ the online platform will give consumers a convenient, quick and safe home delivery service for products ordered. As part of its launch offer, customers can order...
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US, Somalia ink debt relief deal
By Abdulkadir Khalif, Correspondent Nation Media Group US, Somalia ink debt relief deal US Ambassador to Somalia Donald Yamamoto and Somalia’s Minister of Finance Abdirahman Dualeh Beileh have signed a bilateral agreement spelling out ways of reducing and restructuring debt owed by the Horn country to three American State agencies. Having reached the middle stage in its quest for...