economy

economy

China-Africa Trade Hits Record High

China-Africa Trade Hits Record High

Africa-Press - Kenya. China announced that its trade with Africa reached a record level in the first half of 2026, attributing this...
ECOWAS Plans Single Currency by 2027

ECOWAS Plans Single Currency by 2027

Africa-Press - Kenya. The Economic Community of West African States (ECOWAS) has reaffirmed its commitment to launching its unified currency "ECO" by...
Africa Owes IMF $38.6 Billion

Africa Owes IMF $38.6 Billion

Africa-Press - Kenya. The total debt of African countries to the International Monetary Fund amounts to $38.6 billion, representing 31.5% of total...
Kenya Considers Suspension of Mineral Agreement with U.S.

Kenya Considers Suspension of Mineral Agreement with U.S.

Africa-Press - Kenya. Kenyan courts are set to hear an appeal seeking to suspend the vital minerals agreement signed between Kenya and...
Kenya Secures $1.2Bn for Nairobi Airport Expansion

Kenya Secures $1.2Bn for Nairobi Airport Expansion

Africa-Press - Kenya. Kenya has contracted with a local source and a local source to arrange financing for the expansion of Nairobi's...
Kenya and US Near Critical Minerals Deal

Kenya and US Near Critical Minerals Deal

Africa-Press - Kenya. The President of Kenya announced on the sidelines of the G7 summit that the country is close to finalizing...
New EU Deal Deepens Africa Consumer Markets

New EU Deal Deepens Africa Consumer Markets

Africa-Press - Kenya. The European Union is nearing the conclusion of its first enhanced economic partnership agreement with four African countries: Comoros,...
Iran War Strains African Airlines

Iran War Strains African Airlines

Africa-Press - Kenya. The African Airlines Association has warned that the American-Israeli war on Iran has led to rising fuel prices and...
China Upgrades East Africa’S Major Airport

China Upgrades East Africa’S Major Airport

Africa-Press - Kenya. Kenya has selected a major Chinese construction company to carry out a $2.9 billion expansion project for its main...
China Turns to African Oil after Iran Ban

China Turns to African Oil after Iran Ban

Africa-Press - Kenya. The petrochemical company Hengli, one of the largest independent refining companies in China, has begun shifting towards purchasing oil...