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NAIROBI, Kenya (AP) — Kenya’s president is wooing American tech companies, promising a business-friendly environment — even though he has raised taxes on businesses at home. President William Ruto made the appeal in an address to leading U.S. technology companies … Continued

GDP share of the six new members, being added to the five-member BRICS grouping of emerging economies from January, will be just 11 per cent, with Saudi Arabia’s contribution the highest at 4 per cent, an analysis shows. The proposed … Continued

If the proposals in the bill are approved, the authorities will have unfettered access to private communications of suspects in efforts to tame money laundering and financing of terrorism. “Where a person is suspected or accused of an offence under … Continued

Johannesburg, South Africa – Saudi Arabia and Iran are among six countries to join BRICS as new members next year, South African President Cyril Ramaphosa has announced, on the final day of a summit of the group that considers itself a … Continued

JOHANNESBURG (Reuters) – An expansion of the BRICS bloc under consideration at a summit this week has attracted a motley crew of potential candidates – from Iran to Argentina – with one thing in common: a desire to level a global playing … Continued

The Central Bank of Kenya (CBK) has left its benchmark lending rate unchanged at 10.5 percent with inflation having retreated last month. On Wednesday the apex bank noted inflationary pressure had further eased with core inflation — non-food, non-fuel inflation … Continued

NAIROBI, Kenya, APO Group- East Africa will register the highest regional economic performance on the continent in 2023 and 2024, with growth figures at over 5%, according to the newly published African Development Bank  (www.AfDB.org) 2023 East Africa Economic Outlook. … Continued

Kenya has granted Ethiopian Airlines more flights into Mombasa alongside Fly Dubai in what is set to upset national carrier Kenya Airways, which has been lobbying the government to deny them approvals. The Transport ministry, which is now implementing the … Continued

Ethiopian Airlines successfully weathered the Covid pandemic by shifting its strategy, but Africa’s only profitable carrier still faces “real challenges” in sourcing parts and staying competitive at a time of inflation, its CEO told AFP. The 2022-2023 financial year ending June … Continued

Addis Abeba – The World Bank said the Addis-Djibouti corridor will get a significant upgrade with a $730 million grant following a newly approved Horn of Africa Initiative’s Regional Economic Corridor Project. The “vital trade route and a lifeline for Ethiopia’s … Continued

Kenya’s economic growth for the first three months of the year slowed on the back of deceleration in most key sectors amid a recovery in farming activities, the statistics agency announced Tuesday. Kenya’s economic growth for the first three months … Continued