Investors vs “Investors”
Most “investors” in Kenya have no incentive to make money. None. To accelerate growth in Africa, we need capital—not deployed from a firehose—but strategically placed by skilled capital allocators incentivized [...]
Fintech Holds the Keys to Overcoming Kenya's Grey Listing
Kenya is a bastion of financial technology innovation, having led the global revolution in mobile money. When news hit the airwaves in February 2024 that Kenya had been ‘grey-listed’ by [...]
How Prosecutors have Weakened the War on Corruption in Kenya
The Director of Public Prosecutions (DPP) wants to drop KSh 7.6 billion fraud charges against Asian businessman Yagnesh Devani and his company, Triton Petroleum Company, in the latest attempt by [...]
CEOs Lament Q3’s Constraints to High Credit Costs, Low Consumer Demand- CBK Survey
A survey by the Central Bank of Kenya (CBK) reveals that only 34.4% of CEOs believe their companies recorded growth in Q3, while 19% of them stated the opposite. “A [...]Oil Prices Surge on Mounting Geopolitical Tensions
Oil prices surged by 9.1% last week, the biggest increase in a week since March 2023 following escalation of tensions in the Middle East that have spurred jitters of looming [...]Has Venture Capitalism (VC) in Africa Been a Force for Good
Sure, exuberant VCs have written cheques to people who should not have been allowed to hold their neighbour’s wallet for even one second, and surely, people may have been incentivised [...]
AfDB, USAID, Sign $600mn Deal for the Sahel Region
The African Development Bank (AfDB) and the United States Agency for International Development (USAID) have signed a development agreement to strengthen social and economic development in the Sahel. “This agreement [...]
In Defence of Leapfrogging
Regardless of the sector you look at, you will find compelling debates, essays and arguments that spell out why Africa cannot leapfrog, should not leapfrog, and is wasting time by [...]What Happens When a Startup Collapses?
Startups are precarious enterprises because they rely on equity funds and debts sourced from hawk-eyed investors. While many ideas are brilliant, implementing them remains a pipe dream. Either because they [...]US's Bridgewater Associates Calls Out Global Community For Not Investing in Africa
By the next decade, Africa’s working population could exceed China’s, presenting both an opportunity and a challenge. If properly managed, this demographic dividend could fuel economic growth and improve living [...]
Equatorial Guinea Begins New Oil and Gas Chapter After ExxonMobile Exit
By Antonio Oburu Ondo, Minister of Hydrocarbons and Mineral Development, Equatorial Guinea ExxonMobil has concluded its operations in Equatorial Guinea after almost three decades, fulfilling its intention, stated in 2022, [...]Libya to Resume Oil Exports after Resolving Central Bank Crisis
The United Nations Support Mission in Libya (UNSMIL) announced a consensual appointment of the Central Bank of Libya (CBL) acting governor, deputy governor and the Board of Directors. Last month, [...]
