Kenya
Kenya converts $3.5bn China Exim railway loans into yuan, saving $215mn annually
Kenya’s Treasury said the switch aims to hedge against US dollar volatility and align repayment flows with Chinese import and project spending, which are largely yuan-denominated. The currency swap immediately reduces near-term debt-service costs.
Kenya nears landmark crypto law to regulate digital assets
Under the revised bill, Kenya's central bank and the Capital Markets Authority will oversee licensing and supervision of virtual asset providers (VASPs)
EBRD sees 4.7% growth in six sub-Saharan African economies in 2025, warns of sharp divergence
EBRD projects six sub-Saharan African economies to grow 4.7% in 2025, led by Benin and Côte d’Ivoire, while Nigeria and Ghana struggle with high inflation and Senegal enters a hydrocarbon boom.
Flydubai expands Kenya operations with new Nairobi flights and increased Mombasa services
Flydubai launches new Nairobi flights from October 15 and increases Mombasa to daily service, bringing total weekly Kenya flights to 11 as part of African expansion.
UK-based energy think tank Ember reports record growth in solar panel imports across Africa
Imports of solar panels from China into Africa have surged dramatically over the past year, pointing to the start of a transformation in how the continent generates electricity.
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Kenya to introduce orthodox tea trading at Mombasa auction
The move marks a significant step in diversifying Kenya's tea export offerings, moving beyond traditional CTC (Cut, Tear, Curl) types towards higher-value orthodox varieties.