Kenya Startup Funding Slows Sharply as Investors Pivot to Quality Over Quantity
Kenyan startup funding concentrates in fewer, larger deals as global investors demand profitability and governance, with cleantech absorbing 46% of...
July 21, 2026Topic
East Africa
Ethiopia Lifts Credit Caps in $3.4 Billion IMF Reform Push
Ethiopia credit caps lifted as the National Bank hikes its benchmark rate to 16% and eases FX surrender rules under...
July 20, 2026 Kenya Ransomware Attack Hits Presidency Site for $320,000
Hackers defaced Kenya’s presidential website on 18 July 2026 and demanded a 5 Bitcoin ransom (≈US$320,000), forcing authorities to restrict...
July 20, 2026
Kenya’s Rail and Port Debt Talks Reshape East African Infrastructure Finance
Kenya restructures $3.5bn Chinese railway loans into yuan while courting UAE capital for ports and rail, signalling a multi-polar infrastructure...
July 15, 2026 Kenyan Tycoon Mary Wambui Loses Fight for Glee Hotel
Glee Hotel takeover: Kenya's High Court kept Equity Bank's administrator over Mary Wambui's five-star Nairobi hotel amid a KSh 9.1...
July 14, 2026
Mohammed Dewji Bets $275 Million on Graphite and Resorts
Mohammed Dewji plans $275 million for graphite mining and a Zanzibar island resort, targeting $10 billion in MeTL revenue by...
July 11, 2026
Ethiopia Posts a Record $10.7 Billion Year for Exports
Ethiopia exports reached a record $10.7 billion in 2025/26, 114% of target, as coffee earned $3 billion and reforms kept...
July 10, 2026
Dangote Picks Kenya’s Lamu for a $17 Billion Refinery
Dangote Kenya refinery confirmed: Lamu will host a 700,000-barrel-a-day plant costing up to $17 billion, with soil tests and engineering...
July 9, 2026
Ethiopia Passes a Record $14.6 Billion Tax-Financed Budget
Ethiopia budget hits a record 2.34 trillion birr ($14.6 billion) for 2026/27, up 21.3%, with tax revenue covering two-thirds of...
July 9, 2026