EastAfrica

Kenya's Shilling Surges Against the Dollar, But Economic Concerns Lurk Beneath the Surface

12 days ago

The Kenyan shilling has recently exhibited remarkable strength against the US dollar, positioning itself as one of the standout currencies in the world. However, this rally may face significant challenges as economic indicators begin to slow down, raising alarms among economists and investors alike. Despite the short-term appreciation of the currency, the underlying fundamentals could spell trouble for its sustained strength.

Major Disruptions Hit Mozambique's Key Port Following Post-Election Violence

2 months ago

In a significant development impacting commerce and trade in Mozambique, the main port of Beira has announced a temporary halt on accepting cargo due to unrest triggered by recent elections. This strategic port, crucial for the import and export of goods, is now facing disruptions as tensions escalate following a contentious election process.

Burundi to Revitalize Energy Sector with $1.4 Billion Power Grid Expansion

2 months ago

In a significant move to enhance its electricity infrastructure, the government of Burundi has announced a comprehensive plan to expand its power grid starting in 2025. This ambitious project, which involves a substantial investment of approximately $1.4 billion, aims to bolster the nation's capacity to generate and distribute electricity, addressing both supply limitations and accessibility issues faced by the populace.