Kenya Railways has unveiled plans to sell off city‑centre assets worth KSh16 billion (approximately $123 million) to settle long‑overdue pension obligations under its Staff Retirement Benefits Scheme. Kenya Railways is set to sell prime city assets worth $123 million to settle pension arrears. The move targets Makongeni and Ngara estates, amid delayed payments to retirees. Funds from the sales…
Details
Rising violence in Mali has forced Ivory Coast to implement an emergency border lockdown. Officials say the measure is necessary to manage the sudden influx of refugees fleeing attacks in the southern part of the Sahel nation. Ivory Coast enhanced its northern border security due to a surge in Malian refugees fleeing violence in Mali.…
Details
Uganda is accelerating efforts to end its dependence on imported petroleum products, following the signing of new commercial agreements tied to its long-awaited US$4 billion refinery project. Uganda has signed key agreements to advance its $4 billion oil refinery project aiming to reduce petroleum import dependence. The refinery will process 60,000 barrels per day and…
Details
Guinea has begun exporting iron ore from Simandou, home to the world’s largest untapped reserves of the mineral. Guinea has begun exporting iron ore from the Simandou mines, which host the world’s largest untapped reserves. The Simandou project has been developed to transform Guinea’s economy, positioned as Africa’s second-largest mineral exporter. The project includes a…
Details
The Central Bank of Kenya (CBK) is inviting investors to inject approximately $260 million (Sh40 billion) into the government’s coffers through the reopening of two long-term Treasury bonds, aimed at supporting the national budget. The Central Bank of Kenya (CBK) is seeking $260 million (Sh40 billion) from investors through the reopening of 15-year and 25-year…
Details
Kenya has estimated that around 200 of its nationals are currently fighting in the Russia-Ukraine conflict, on the Russian side, and more could be drawn into the war. Approximately 200 Kenyan nationals are estimated to be fighting for Russia. Kenya’s President, William Ruto, previously requested Ukraine’s assistance in releasing Kenyans being held in Ukraine. Kenya’s…
Details
