Thursday, May 23, 2024

Why surviving on below Sh46,355 a month in Nairobi was a nightmare in 2023

Photo credit:
 Compiled by John Waweru | Designed by Gennevieve Awino

Seven out of 10 households in Kenya’s capital Nairobi are low-income earners, according to the 2024 Economic Survey released this week.

Safaricom Ethiopia eyes new Sh46bn loan from IFC

From Left:
 CEO of Safaricom Telecommunications Ethiopia PLC Wim Vanhelleputte, CEO of Safaricom PLC Peter Ndegwa and Chief Finance Officer Dilip Pal. 

Photo credit: File | Nation Media Group

The International Finance Corporation (IFC) is set to lend Safaricom Ethiopia an additional Sh46 billion ($350 million) to support its expansion of telecommunications and mobile money services in the country.

Kenya's Ruto, US President Biden announce new investments to boost ties

Kenya's President William Ruto poses for a picture with US President Joe Biden at the South Portico of the White House in Washington DC, US on May 22, 2024. 

Photo credit: Reuters

US President Joe Biden and Kenyan President William Ruto will announce on Thursday investments in green energy and health manufacturing in Kenya and a plan to reduce its debt burden, a senior US administration official said.

As a continent, we must confront emergency of our failure to learn


The AU was not created to be a social club for naked emperors; it is meant to make Africa work. ILLUSTRATION | JOSEPH NYAGAH | NMG


“As a nation, we must confront the emergency of our failure to learn!” well circulated news clips showed veteran Kenyan opposition leader Raila Odinga saying, in reaction



Kenya, US investment manager sign $3.6bn highway deal

mombasa rd

Athi River flowing beneath Mombasa Road and The Standard Gauge Railway (SGR) at Athi River in an aerial photograph captured on April 25, 2024. PHOTO | FILE | NMG


Kenya's highways authority and US infrastructure investment manager Everstrong Capital have signed a $3.6 billion agreement to build a 440 km highway between the capital and port city Mombasa, the company said on Thursday.

IMF approves $164.6m funding for Rwanda

imf pic

The International Monetary Fund logo. PHOTO | REUTERS


 The International Monetary Fund (IMF) on Wednesday announced the approval of $164.6 million in funding for Rwanda to strengthen its economic resilience against future climate shocks.