(LAGOS, Nigeria) – South African commercial interests in Nigeria worth an estimated N20.43 trillion face growing uncertainty as calls for economic retaliation mount over renewed xenophobic attacks on Nigerians living in South Africa. The valuation, drawn from publicly available market capitalisation figures, asset disclosures and property portfolio estimates, covers SouthContinue Reading
(NAIROBI, Kenya) – Reported insurance fraud cases in Kenya rose 48.6% in the first quarter of 2026, driven mainly by internal theft and organised schemes rather than document forgery on the street. Data from the Insurance Regulatory Authority show the Insurance Fraud Investigation Unit recorded 52 cases between January andContinue Reading
(MURMANSK, RUSSIA) – Russia has received its first seaborne shipment of AI-92 petrol from Morocco, according to two industry sources who spoke to Reuters on Friday. A Panama flagged tanker loaded the fuel at the Moroccan port of Tangier in mid July and is now discharging the cargo at theContinue Reading
(KYIV, UKRAINE) – Ukraine and Algeria are working to expand agricultural trade cooperation, with discussions focused on wheat supplies, dairy exports and possible access for Ukrainian meat products to the Algerian market. The talks were held between Ukraine’s Minister of Agrarian Policy and Food Taras Vysotskyi and Algeria’s Ambassador toContinue Reading
(NAIROBI, KENYA) – Nixon Azariah Ochieng’ Ooko, co-founder of Kenya’s first budget airline Fly540, died on 15 July 2026 in South Africa at the age of 76 following an illness. His death brings renewed focus on the rise and fall of a carrier that pioneered low cost flying in EastContinue Reading
(NAROBI, KENYA) – Kenya is developing new labour rules that would require major artificial intelligence companies, including OpenAI and Meta, to meet minimum pay standards and provide mental healthcare for local workers. The proposed policy from the ICT Ministry aims to establish protection guidelines for content moderators and data annotators,Continue Reading
(NAIROBI, KENYA) – Average annual commissions earned by M-Pesa agents in Kenya have fallen to a record low of KES 112,244 (USD 867, GBP 670), squeezed by a fast growing number of outlets competing for transactions. The figure, which works out to roughly KES 9,353 (USD 72, GBP 56) perContinue Reading
(NAIROBI, KENYA) – Imperial Bank, operating under receivership, has taken control of Salute Holdings Limited, one of East Africa’s largest authorised distributors of Apple products. The move is part of a wider push by the lender to recover billions of shillings owed by borrowers following its collapse in 2015. TheContinue Reading
(MOMBASA, KENYA) – A data entry mistake has cost a Finnish equipment maker a container handling contract worth KES 947 million (USD 7.31 million, GBP 5.6 million) from the Kenya Ports Authority. The Court of Appeal in Nairobi upheld the decision to disqualify Kalmar Finland Oy after the company changedContinue Reading
