Multiple factors cited for plunge in 2022 volume of global FDI flows

 Global Foreign Direct Investment (FDI) downshifted in 2022 after a 2021 upswing as economies recovered from the Covid-19 slump. Worsening investor sentiment in 2022 reflected fear of a coming recession, rising inflation... Read more »

Somalia’s neighbours vow final push against AL-Shabaab militants

 Somalia’s neighbours on Wednesday approved Mogadishu’s request for an all-out war — including its need for lethal weapons and coordinated support to — annihilate Al-Shabaab militants. The decision came out of an... Read more »

AfDB and partners mobilize 30 bln. USD for African farmers

The Dakar 2 Feed Africa Summit ended on Friday with a $30 billion pledge by the African Development Bank (AfDB) and development partners to finance food and agribusiness on the continent in... Read more »

Boeing pleads not guilty in fraud case over 737 Max crashes

 BY STAFF REPORTER Boeing pleaded not guilty to deceiving US regulators about changes made to its 737 Max flight control system that led to two horrific crashes, before relatives of some victims... Read more »

African blocs discuss challenges to realizing single currency territories

BY MARY WAMBUI Africa’s main regional economic blocs say monetary unions will raise the value of trade and shield them from fluctuating exchange rates and are pushing to establish single currency territories.... Read more »

Kenyan saccos join National Payment System to lower cost of credit

BY JAMES ANYANZWA Kenyan savings and credit co-operative societies (saccos) are set to join the National Payment System (NPS), which will allow them to clear cheques and begin lending to one another... Read more »

Kenya: Shilling hits historic low of Sh124 against the dollar on high demand

The Kenya shilling sank to a historic low of Sh124 against the US Dollar on Monday, coming at a time when Kenyans in the diaspora are sending record amounts of money back... Read more »

Uganda: Coffee farmers call for more funding

Coffee farmers have urged government to set aside more than Shs 182.8 billion for the procurement of coffee processing and value-addition machines to ably compete with other coffee producers in the world.... Read more »

Rainforest-rich nations ensure COP15 pact on nature sticks

The East African: A United Nations summit approved on Monday a landmark global deal to protect nature and direct billions of dollars toward conservation but objections from key African nations, home to... Read more »

Somali forces seize Runirgoud town from Al-Shabaab militants

The EastAfrican: Somalia’s onslaught on militant group Al-Shabaab gained new ground after forces seized Runirgoud town, the last bastion of the extremists in Middle Shabelle, about 240 kilometers north east of the... Read more »