Author: Kiptoo Kosgei

On Tuesday, August 9, 2022, Kenyans went into the polls to elect their leaders in respective seats, from the member of the county assembly (MCA) to the president.

  • The 2022 General Election in Kenya was held on Tuesday, August 9, with voters electing leaders of their choice in six respective seats from the MCA to the president
  • With the election over, a new government will take over from the Jubilee administration as President Uhuru Kenyatta is set to retire after serving two constitutional terms
  • Some of the issues the new government are expected to tackle include corruption, high cost of living, high unemployment rate and huge debt

The Independent Electoral and Boundaries Commission (IEBC) chairman, Wafula Chebukati, announced that United Democratic Alliance (UDA) presidential candidate William Ruto emerged as the winner of the highly contested presidential race.

Chebukati noted that Ruto garnered 7,176,141 votes (50.49 per cent) against his fierce…

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Rwanda’s economy is one of the fastest growing in Africa. It has a ready market of over 12 million people with a rapidly growing middle class.

  • Rwanda’s economy is one of the fastest growing in Africa, with a ready market of over 12 million people and a rapidly growing middle class
  • Potential investment opportunities are in agriculture, infrastructure, energy, tourism, information and communication technology
  • Rwanda has an array of investment incentives for investors ready to invest in the key priority sectors, including a seven-year tax holiday for those investing over US$50 million
According to the African Development Bank Group, the country recorded a Gross Domestic Product (GDP) growth of 10 per cent in 2021. The growth was driven by expansion in services (12 per cent), industry (13 per cent), and agriculture (6 per cent). In 2022 and 2023, GDP growth is projected at 6.9 per cent and 7.9 per
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South Africa’s fintech market has been growing fast over the last five years.

According to German consumer data company Statista, it is projected that the largest segment will be digital payments, with a total transaction value of US$14,340 million in 2022.

  • With a population of over 60 million and a high mobile penetration rate of 180 per cent, there’s a ready market for the money lending business in South Africa
  • Financial inclusion in the country is still a challenge as 32 per cent of the population has no access to financial services, including bank accounts and loans
  • South Africa’s banking sector has largely been controlled by four major banks with a market share of over 80 per cent but digital lenders are catching up fast
South Africa’s Finance Minister Enoch Godongwana. NCA regulates digital lenders in the country. (Photo/Business Tech).

With a population of over 60 million and a high

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South Africa is the second richest country in Africa. It’s predicted that the country’s Gross Domestic Product (GDP) will cross the US$345 billion mark by the end of 2022.

Its economy is diversified with a growing and sizable middle class. South Africa’s services and financial sectors have grown rapidly since apartheid.

  • South Africa is placed at position 84 out of 190 in the ease of doing business ranking by the World Bank
  • The South African government, through the online Bizportal platform, has made it easier to start a business in the country
  • Bizportal platform, which was launched in 2019, is a one-stop shop for entrepreneurs to reserve a company name, register a new company, income tax, and withholding taxes

In 2020, South Africa was placed at position 84 out of 190 in the ease of doing business ranking by the World Bank. The country’s cities are working on reforms to

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Dubai-based Emirates Airlines has announced that it will suspend flights to Nigeria over the failure to repatriate money from the West African country.

The relationship between United Arab Emirates (UAE) and Nigeria worsened after Abuja restricted access to foreign exchange.

  • Emirates Airlines noted that its attempts to initiate talks with the Nigerian government to solve the impasse hit a dead end
  • The relationship between United Arab Emirates (UAE) and Nigeria worsened after Abuja restricted access to foreign exchange
  • In June 2022, the International Air Transport Association (IATA) revealed that Nigeria had not handed over US$ 450 million owed to different airlines
  • By July 2022, the money owed to foreign airlines had risen by US$14 million to US$464 million

BBC reported that the Nigerian government was yet to comment on the matter. In a statement, Emirates Airlines noted that its attempts to initiate talks with the Nigerian government to solve the

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Protests have rocked different countries across Africa over the high cost of living despite increased wealth as measured by the Gross Domestic Product (GDP).

In the last two decades, poverty has declined in the continent, with per capita income rising, but many people have expressed frustrations and taken to the streets to vent their anger.

  • In the last two decades, poverty has declined in the continent, with per capita income rising, but many people have expressed frustrations and taken to the streets to vent their anger
  • A report by the Organisation for Economic Co-operation and Development revealed that discontent was fueled by unequal distribution of resources
  • North Africa has been rocked by protests more than any other region on the continent, even though it recorded the greatest improvements in wealth

Why is this so? A report by the Organisation for Economic Co-operation and Development revealed that discontent was fueled by

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  • The African Fertiliser and Agribusiness Partnership (AFAP) notes that over 40 per cent of African soils face nutrient depletion because of failure to apply sufficient levels of fertilisers
  • Farmers in most countries are increasing their application levels, with the fertiliser application rate in Sub-Saharan Africa expected to increase to 22 kilograms per hectare by the end of 2022
  • In Africa, the production of the material is concentrated in the northern parts of the continent

A study by the African Development Bank Group in 2019 revealed that most African countries depend on imported fertilisers for agricultural production.

The imports are mainly due to the lack of low-cost raw materials for production, low utilisation and high capital requirements for investment in production facilities.

According to the African Fertiliser and Agribusiness Partnership (AFAP), over 40 per cent of African soils face nutrient depletion, partly because of a failure to apply sufficient levels of

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  • The annual Africa airport traffic report 2021 released by Airports Council International (ACI) Africa showed that 2.15 million metric tons of cargo transited through African airports
  • During the period under review, cargo traffic growth increased by 11.6 per cent compared to 2020
  • ACI Africa noted that JKIA handled 363,204 tons of cargo in 2021, leading other airlines in the continent in total cargo traffic

A new report has revealed the busiest airports in Africa in handling cargo traffic. The annual Africa airport traffic report 2021 released by Airports Council International (ACI) Africa on Monday, August 8, 2022, showed that 2.15 million metric tons of cargo transited through African airports. This represented around 1.7 per cent of the global cargo volume.

During the period under review, cargo traffic growth increased by 11.6 per cent compared to 2020. This came after airlines resumed operations following the devastating COVID-19 pandemic that had led

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  • In Africa, politicians fight for elected positions by tooth and nail, attracted by affluent lifestyles, huge allowances and medical cover
  • Cameroon president Paul Biya takes home the highest salary, followed by King Mohammed VI of Morocco and South Africa’s Cyril Ramaphosa
  • King Mohammed VI’s office maintenance costs taxpayers US$960,000 daily

Africa has 54 countries, according to the United Nations (UN).

The countries are headed by presidents or prime ministers, depending on their constitutions. African leaders are paid handsomely if their salaries are anything to go by. Even though the continent is still developing, its leaders take home fat cheques.

In Kenya, for instance, a New World wealth report revealed that people with political connections control half of the country’s wealth at the expense of ordinary citizens, some of whom live below a dollar per month.

In Africa, politicians fight for elected positions tooth and nail, attracted by affluent lifestyles, huge

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  • According to a report released by PriceWaterhouseCoopers, the Kenyan entertainment industry is ranked third in Africa in terms of revenue
  • Statista, a market and consumer data company, predicts that the entertainment revenues in Kenya will hit US$2.96 billion (Sh 353 billion) in 2023
  • Sauti Sol tops the list of the highest-paid musicians in Kenya, followed by Nyashinski

Kenya is home to some of the finest musicians in the continent who have taken the local and international industry by storm.

Two decades ago, music was not considered a serious career in Kenya. Over the years, artists have transitioned from selling their music on compact discs (CDs) to streaming on YouTube and holding live performances. The rising technology has played a big part in this.

According to a report released by PriceWaterhouseCoopers, the Kenyan entertainment industry is ranked third in Africa in revenue. In 2019, it was estimated that the industry raked

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