Multinationals Exit Kenya
German firm Bayer is cutting back in Kenya, handing off major tasks. This follows UK's GlaxoSmithKline and foreshadows
February 5, 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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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
Mozambique’s Strategic Interest Rate Reduction
The Bank of Mozambique, aiming to stabilize the economy, has reduced its MIMO interest rate from 17.25% to 16.50%
January 31, 2024
Maputo Port Upgrade Boosts East and South African Trade
Maputo Port, managed by the Maputo Port Development Company (MPDC), is gearing up to double its cargo volume by 2058.
January 27, 2024
Mozambique-Zambia Defense Alliance
Mozambique and Zambia are joining forces to improve defense and security. Their goal is to address regional challenges in southern...
January 23, 2024
Mozambique Needs to Invest $37B to Tackle Climate and Poverty Risk
The World Bank forecasts that climate change will intensify Mozambique's developmental challenges in the coming years.
January 18, 2024
Modernizing Africa: The Drive for Improved Infrastructure
Africa's economic development potential is closely linked to infrastructure modernization in its changing landscape.
January 17, 2024
Sub-Saharan Africa’s 2024 Global Economic Rise
In 2023 and 2024, Sub-Saharan Africa is poised for a diverse economic trajectory, showing signs of growth amidst global economic...
January 10, 2024
New Horizons in Mozambique-India Cooperation
Mozambique and India have taken a significant step in bolstering their cooperative relationship at a private meeting.
January 9, 2024