South Sudan Fastest Growing Economy in Sub-Saharan Africa

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In: Economy, National

(JUBA) – South Sudan is projected to record sub-Saharan Africa’s fastest economic growth in 2026, with gross domestic product expected to expand by 10.5%, according to the International Monetary Fund’s October 2026 World Economic Outlook. The projections are economic forecasts and do not confirm that living conditions have improved forContinue Reading

Nairobi Named Among Africa's Five Cities to Watch in $38bn Outlook

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In: Africa, Kenya

(NAIROBI, KENYA) – Kenya has overtaken Ethiopia to become East Africa’s largest economy, ending five years of Ethiopian dominance after a sharp devaluation of the birr reduced Ethiopia’s gross domestic product in dollar terms. Kenya’s GDP rose 13.7% to $135.92 billion (KES 17.57 trillion) in 2025, while Ethiopia’s fell 40%Continue Reading

KRA Staff Implicated in KES 42 Billion ($323 Million) VAT Fraud

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In: Kenya

(NAIROBI, KENYA) – Kenya’s tax authority has uncovered a value added tax fraud involving fictitious electronic invoices worth about KES 42 billion ($323 million / £247 million) over five years, exposing the exchequer to about KES 4 billion ($30.8 million / £23.5 million) in fake claims. Forensic investigators said threeContinue Reading

Petrol, Diesel Prices Jump as Kenya Withdraws Subsidy

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In: Kenya

(NAIROBI, KENYA) – Kenya has withdrawn its fuel subsidy for the first time since August 2025, pushing pump prices to their highest level in years. The Energy and Petroleum Regulatory Authority announced the decision on Wednesday evening. Petrol and diesel prices rose by KES 12.93 and KES 9.90 per litreContinue Reading

Court Clears Path for Ketraco Liquidation Over KES 10 Billion ($77 Million) Debt

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In: Kenya

(NAIROBI, KENYA) – Kenya’s High Court has cleared the way for a Spanish firm to pursue the liquidation of Kenya Electricity Transmission Company (Ketraco) over an unpaid award now valued at KES 10 billion ($77.1 million / £58.8 million). The court dismissed Ketraco’s preliminary objection, ruling that state ownership doesContinue Reading

South Sudan Pushes for Higher Oil Output and New Exploration

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In: Mining

(JUBA) – The Caretaker National Minister of Petroleum, Hon. Eng. Awow Daniel Chuang, has called for increased oil production and the replenishment of reserves through stronger exploration activities. The call came during a courtesy visit to the joint operating companies on Wednesday, 14th October 2026. The visit was aimed atContinue Reading

Othow Woos EAC Partners on Trade and Technology

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In: Banking and Finance, Technology

(BANGKOK) – BoSS Governor Hon. Dr. Addis Ababa Othow has called for deeper regional cooperation, technology sharing and increased investment to strengthen trade integration across the East African Community (EAC). Speaking at an EAC high-level discussion organised by the International Monetary Fund (IMF), Othow stressed the importance of learning fromContinue Reading