Financial Wellness in Kenya: A Closer Look
A recent study highlights that Kenyans struggle to achieve financial stability as their earnings fail to rise in the face...
February 11, 2024Section
Eastern Africa
Eastern Africa – Kenya, Ethiopia, Tanzania, Uganda and Rwanda – is the continent’s fastest-integrating bloc, a hub for tech, logistics, ports and a rising consumer class along the Indian Ocean trade routes. The Rio Times tracks the region’s growth, currencies, infrastructure megaprojects, and the contest among China, the Gulf and the West for influence. This hub gathers our daily Eastern Africa coverage through a business and investment lens.
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China’s Vital Role in Mozambique’s Development
Over the past decade, China has become Mozambique's top infrastructure partner, achieving significant milestones.
February 11, 2024
Mozambique’s Stable Growth and Debt Outlook
Fitch keeps Mozambique's rating at CCC+, noting debt reduction and sustainable stable growth from LNG projects.
February 11, 2024
Kenya’s Strategic Pivot to Japanese Investment
During a recent visit to Tokyo, Kenyan President William Ruto secured over $2 billion in financial commitments from Japanese investors
February 9, 2024
Maputo Elects New Mayor with Anti-Corruption Pledge
Razaque Manhique, the newly elected mayor of Maputo from the Frelimo party, commits to a relentless fight against corruption.
February 8, 2024
Chinese Bitcoin Miners Turn to Ethiopia After Beijing Ban
Following Beijing's crackdown two years ago, Chinese Bitcoin miners have sought new grounds with affordable energy and favorable regulation
February 8, 2024
Mozambique Tackles Rising Debt
Mozambique's Central Bank warns of increasing domestic debt, now at 320.6 billion meticais, roughly $5.02 billion.
February 6, 2024
Multinationals Exit Kenya
German firm Bayer is cutting back in Kenya, handing off major tasks. This follows UK's GlaxoSmithKline and foreshadows
February 5, 2024
Ecosystem Shifts in Kenya: A Tale of Ants, Lions, and Zebras
Big-headed ants, introduced to Kenya's Ol Pejeta Conservancy, have significantly altered local wildlife through a chain reaction.
February 1, 2024