Business News

Kenya’s Remittances Surge 18% to Sh651.7 Billion in 2024

Kenya has witnessed a significant boost in remittances, with a remarkable 18% surge in 2024, reaching a staggering Sh651.7 billion (approximately USD 4.4 billion). This substantial increase underscores remittances’ vital role in the Kenyan economy, impacting various sectors and bolstering household incomes. The Power of Diaspora Support This record-breaking inflow of remittances highlights the unwavering […]

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Business News

Africa’s Telcos Unite to Combat Starlink’s Rural Expansion

Africa’s vast and underserved rural populations are about to become a major battleground in the global internet access war. While Elon Musk’s Starlink promises high-speed broadband to even the most remote corners of the continent, a coalition of African telecom companies is gearing up to fight back. This isn’t simply a clash of titans; it’s […]

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Business News

Africa’s Economy: Stronger Growth Predicted for 2025

Africa’s economic landscape is shifting, with promising forecasts pointing towards a period of robust growth in 2025. While challenges remain, the continent is poised to experience a significant upswing, driven by a confluence of factors. This post delves into the key drivers behind this predicted growth, highlighting both the opportunities and the persistent hurdles. Key […]

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