Business

Kenya’s debt burden raises concerns over IMF lending conditions

By Kenyans Kenya’s debt repayment burden has renewed questions about the impact of International Monetary Fund (IMF) lending conditions, particularly the tax increases and spending cuts governments adopt to keep up with loan repayments. The issue is under discussion at the IMF and World Bank Group annual meetings in Bangkok, Thailand, running from Monday, October

Read More

Top 10 African countries with the strongest currency in 2026

Tunisian Dinar Credit John Hallmen. Creator: John Hallmen By The African Exponent Key Facts The Tunisian dinar is Africa’s strongest currency at 2.96 per US$1 (Forbes Advisor data via Pulse Ghana, start of August 2026) The Libyan dinar ranks second at 6.41 per US$1 despite a devaluation of nearly 15% in January 2026 (Forbes Advisor

Read More

Court rejects bid to halt Ksh2 trillion Dangote refinery in Lamu

President William Ruto (left) talking to Billionaire Aliko Dangote during their visit to the Dangote Petroleum Refinery and Petrochemical Company in Lekki, Nigeria, on Friday, September 25, 2026 By Kenyans The Malindi Environment and Land Court has declined to grant an application seeking to stop the planned Dangote refinery groundbreaking and development in Lamu, instead

Read More

China’s industrial profits retain double-digit growth via high-tech, new growth drivers

Staff members work on a production line at Liugong Excavators Intelligent Factory in Liuzhou, south China’s Guangxi Zhuang Autonomous Region, Sept. 2, 2026. Photographer Zheng Changhao By Xinhua News Agency China’s industrial profits maintained double-digit growth in the first eight months of 2026, driven by rapid expansion of high-tech manufacturing and new growth drivers, official

Read More

Rubio, Ruto explore U.S.-Kenya critical minerals partnership

President William Ruto shakes hands with U.S. Secretary of State Marco Rubio in New York on September 21, 2026. By Kenyans The United States and Kenya have discussed opportunities in the critical minerals sector, with U.S. firms potentially playing a role in adding value to minerals produced in Kenya. The discussions took place when U.S.

Read More

Africa’s biggest oil refinery opens to public ownership, sparking excitement among retail investors

Nigerian multinational industrial conglomerate Dangote Group’s CEO Aliko Dangote during the seventh “Choose France Summit”, aiming to attract foreign investors to the country, at the Chateau de Versailles, outside Paris, Monday, May 13, 2024. Photographer Ludovic Marin. By The Associated Press Nigerian industrialist Aliko Dangote opened his refinery to public ownership Monday with plans to

Read More

China’s top economic planner invites private investment in 36 projects

An aerial drone photo taken on May 19, 2026 shows a high-speed train running under a continuous beam, already rotated to its desired position, of the Xijiang River Grand Bridge on the Zhuhai-Zhaoqing high-speed railway in Zhaoqing, south China’s Guangdong Province. Photographer Deng Hua By Xinhua News Agency China’s National Development and Reform Commission (NDRC)

Read More

World shares retreat and oil prices trade above $100 a barrel

By The Associated Press Shares in Europe and Asia were mostly lower Thursday following a retreat on Wall Street as the price of crude oil again traded above $100 a barrel. The future for the S&P 500 rose 0.2% and that for the Dow Jones Industrial Average was up 0.4%. In Germany, the DAX fell

Read More

Top 10 richest African countries in 2026

Photo Credit: File By The African Exponent Based on updated International Monetary Fund (IMF) World Economic Outlook data, national wealth across the continent is primarily evaluated through Nominal Gross Domestic Product (GDP). The following ranking details the top 10 richest countries in Africa for 2026, counted in reverse order from 10th to 1st. 10. Ghana

Read More

World Bank launches probe into Ruto’s multi-billion loan programme

By Kenyans The World Bank, through the International Finance Corporation (IFC), is undertaking an impact assessment of the Hustler Fund to establish how the credit programme has helped Kenyans. The assessment will provide a comprehensive picture of the fund’s impact, with both quantitative and qualitative aspects examined to determine how beneficiaries have used the loan

Read More