ABUJA, Nigeria-As Africa’s public and external sovereign debt surges to a historic $1.8 trillion, economists and policymakers across the globe are sounding the alarm—and, in a surprising twist, some are calling for more borrowing, not less. New figures from the African Development Bank (AfDB) reveal the continent’s debt has grown by 170 percent since 2010,…
ABUJA, Nigeria –Africa has taken a significant leap toward financial independence with the launch of PAPSSCARD, the continent’s first Pan-African card scheme. Officially unveiled on June 27 during the 32nd Afreximbank Annual Meetings in Abuja, Nigeria, the PAPSSCARD initiative marks a crucial milestone in Africa’s pursuit of financial autonomy. It aims to build resilient, homegrown…
ABUJA, Nigeria, June 26th a remarkable testament to visionary leadership and strategic execution, the African Export-Import Bank (Afreximbank) has announced a tenfold growth in its total assets over the past decade, from $4 billion in 2015 to an impressive $40 billion in 2025. This landmark achievement was revealed during a press briefing in Abuja ahead of…
ABUJA, Nigeria, June 26th,– In a compelling call to action for Africa’s business and technology sectors, the African Continental Free Trade Area (AfCFTA) Secretariat has projected that the continent’s digital market will surpass a staggering $712 billion by 2035. This revelation, announced by AfCFTA Secretary-General Wamkele Mene, signals a seismic shift in Africa’s economic landscape—one…
Governor Nyong’o hosts UN delegation, unveils plans for green housing, slum upgrades, and lakeside development KISUMU, Kenya – Kisumu Governor Prof Anyang’ Nyong’o held high-level talks with a UN-Habitat delegation led by Ms Beryl Khanyile, Head of the Kenya Country Programme, to strengthen collaboration on urban development and affordable housing initiatives in the county. The…
CITY HALL, Kisumu– The County Government of Kisumu and Equity Bank have forged a strategic partnership to digitise farm input subsidies through an innovative E-Voucher program. The initiative seeks to streamline access to certified agricultural inputs for smallholder farmers while promoting efficiency, transparency, and economic growth across the region. Under the program, farmers will co-pay…
The County Executive Committee Members (CECM) for Gender, Youth, Sports, Culture and Social Services, Hon. Ann Desma, has called for an urgent young women empowerment initiative in Vihiga County. Speaking in a meeting of the executive committee members on June 17th, she highlighted the critical issue of young women struggling to cater for their children…
In a bold step towards strengthening its economic footprint across the continent, Kenya is fast-tracking the implementation of the African Continental Free Trade Area (AfCFTA) agreement. The move is aimed at unlocking new growth opportunities for Kenyan businesses within the broader African market. Kenya Business Roadshow Speaking at the Kenya IATF2025 Business Roadshow in Nairobi…
Kaganda Village-Nyando -Kisumu Governor Prof Anyang Nyong’o has called on national and county government officials to earnestly safeguard rural electrification projects. With reliable power access, he emphasised that this is key to unlocking various job opportunities and thus leads to economic growth in underserved areas. He made the remarks during the launch of the Kaganda…
KISUMU, Kenya -The Kisumu County Business Incubation and Innovation Centre has been launched to provide mentorship, market access support, and skills development as a major first for local start-ups and small enterprises. This initiative, by the county government of Kisumu, is aimed at accelerating its growth and enhancing competitiveness. To achieve this feat, the Prof…