By Felix Njini Nairobi — Kenya’s economy, East Africa’s largest, expanded at the fastest pace in five years in 2016, boosted by more construction and tourism. GDP increased 5.8% last year, the most since 2011, from a revised 5.7% in 2015, Kenya National Bureau of Statistics (KNBS) director general Zachary Mwangi told reporters on Wednesday....
October 7, 2026
Category: Market Bazaar
Post
Why should Somalia’s children starve to pay for a debt crisis they didn’t create?
By Kevin Watkins Abdulrahman Mahamud is one of the lucky ones. I met the four-year-old two weeks ago at an emergency clinic in the town of Shada, in Puntland region – an area at the epicentre of Somalia’s devastating drought. Diagnosed with severe malnutrition and pneumonia, Abdulrahman was brought to the clinic after his mother...
Post
Abu Dhabi Fund for Development earmarks AED330 million for development projects in Somalia
ABU DHABI, (WAM) — Abu Dhabi Fund for Development, ADFD, has announced a contribution of AED330 million to implement development projects and programmes in key sectors in Somalia, particularly infrastructure and transport. The contribution underpins efforts to improve public services, create new job opportunities and ensure stability and social development. This contribution aims to help...
Post
Kenya Ranks Third As Tourist Destination in Sub-Sahara Africa
By Paul Redfern Kenya is now the third highest ranked sub-Saharan African country in terms of its travel and tourism competitiveness, according to a World Economic Forum report. The report says that Kenya has moved ahead of Namibia into third position in the ranking, which includes factors such as the business environment, safety and security,...
Post
Ethiopian Inaugurates Three Wide Body Paint and Maintenance Hangars
Press Release: Africa’s largest Aviation Group, Ethiopian Airlines, proudly announces the inauguration of three more wide body hangars during the ICAO Symposium which Ethiopian is hosting from April 11-13, 2017. Equipped with state of the art tele-platforms and tail docks: a full Paint and General Maintenance hangar along with 15,000 Sq.m backside offices, different shops...
Post
UAE’s Khalifa bin Zayed Al Nahyan Foundation to launch dam in Somalia
HARGEISA, The UAE’s Khalifa bin Zayed Al Nahyan Foundation will launch a dam in Hargeisa City, Somaliland, in the next two days to continue efforts to curb famine in the Horn of Africa country. The project was carried out upon directives from President His Highness Sheikh Khalifa bin Zayed Al Nahyan. It is supported by...
Post
Kenya, Qatar sign pact on tourism cooperation
By Bob Koigi, Africa Business Community Kenya and the rich Persian Gulf nation of Qatar have signed agreements of cooperation on tourism, education and culture as part of activities marking the Emir of Qatar’s State Visit to East Africa’s economic powerhouse. The agreements were signed after President Uhuru Kenyatta and His Highness Tamim bin Hamad...
Post
Nairobi hosts halal economy summit
By Ally Jamah, Standard Digital Nairobi hosts a two-day summit from Monday to explore how Kenya and the region can best tap into the lucrative global Sh230 trillion (US$2.3 trillion) Halal/ Islamic economy. Local, regional and international industry experts are expected to converge in the city for the East Africa Islamic Economy Summit (EAIES) now...
Post
Asoko answers why manufacturers head to Ethiopia
By Desta Gebrehiwot Manufacturing companies put preconditions of various kinds before investing in a given country. In this context, Ethiopia has been toiling to win the hearts of investors by providing enabling policies and infrastructure. Many companies these days are making their way to the country. According to ASOKO Insight, corporate data and information provider...
Post
Kenya’s bourse to woo Chinese investors
NAIROBI, (Xinhua) — Kenya’s Nairobi Securities Exchange (NSE) plans to woo Chinese investors in order to deepen the capital market, the bourse’s top official said. NSE CEO Geoffrey Odundo told Xinhua in a recent interview in Nairobi that currently there is very minimal Chinese capital at the NSE. “We are therefore planning to conduct road...