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Intelligence for the New World Economy

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Intelligence for the New World Economy
Martin K.N Siele

Martin K.N Siele

Email Martin@gengetonedon

Martin K.N Siele is based in Nairobi, Kenya.

Kenyan banks want to enter Ethiopia despite the risks

A new World Bank report highlighted the challenges Kenya’s telco Safaricom has faced in the gradually opening Ethiopian economy.
A Kenya Commercial Bank logo is seen outside the Kencom branch in Nairobi on July 10, 2018. Picture taken July 10, 2018. Thomas Mukoya/File Photo/Reuters

Uber and Bolt’s bet on Kenyan safaris sparks price cut fears

The ride-hailing firms are entering the lucrative safari market for the first time.
Suzuki cars branded with Uber stickers in a showroom in Nairobi on Oct. 30, 2018. Baz Ratner/Reuters

Africa is on cusp of AI ‘data boom’: Helios Towers CEO

Data consumption will quintuple over the next five years, the CEO of Helios Towers, one of Africa’s largest telecoms infrastructure companies, told Semafor.
Tom Greenwood, CEO Helios TowersTom Greenwood, CEO Helios Towers. Semafor.

DR Congo minister says ‘you cannot look at Africa with American eyes’

At Semafor’s The Next 3 Billion summit, DR Congo’s minister of communications discussed how perceptions of conflict in the country impact investment.
Patrick Muyaya, Minister of Communication, DR Congo. Semafor

Why international schools are booming in Kenya

A growing middle class and expatriate population is driving demand and investment into the thriving sector.
Nairobi skyline.Steffen Trumpf/picture alliance via Getty Images

PFL Africa taps Kigali for semifinals event

It would mark the latest win for Rwanda in its push to attract major international sporting events to the country.
Francis Ngannou speaks during the Battle of the Giants press conference at The Anthem on Aug. 22, 2024, in Washington, DC. PFL Africa chairman Francis Ngannou. Cooper Neill/Getty Images.

Diageo faces tough choices in Kenya as new alcohol regulations bite

The British drinks giant is grappling with controversial new government proposals including raising the minimum drinking age from 18 to 21.

US hits Africa with new tariff rates

US President Donald Trump slapped a 30% duty on imports from South Africa after the continent’s largest economy failed to secure a trade deal.

African universities risk being left behind in AI era

Academics and researchers are calling for written policies on use of the tech.

Kenya unrest offers East African rivals an investment opportunity

Rwanda and Tanzania are among the neighboring countries trying to attract investors.

Kenya protests hit businesses, ward off investors

The rising political unrest is already impacting the economy, according to business leaders and investors.

Thousands of Kenyans protest against police brutality

The demonstrations coincide with the first anniversary of major protests against tax rises.

Kenya doubles down on labor export plan despite resistance

President William Ruto’s administration has signed overseas labor partnerships in a bid to cut soaring youth unemployment and drive up foreign remittances.

Francis Ngannou’s PFL Africa plans TV deals on the continent

The African version of the US-founded Professional Fighters League is getting ready for launch in July.

Kenya’s government tries to control the narrative on finance bill to avoid fresh protests

Nairobi blames misinformation for driving last year’s deadly demonstrations.

Nigerian record label Mavin pushes to unlock Africa’s touring market

One of the continent’s biggest music companies wants to bring more revenue from African stars to the continent.

African basketball league turns to NBA franchise model

Investors back NBA style model to help ensure “sustainable growth” for the Basketball Africa League.

Nigeria says it remains open to crypto despite $80B Binance lawsuit

The country’s information minister told Semafor crypto companies that respect local rules are welcome but concerns remain over illegality.