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magazine

Economy

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Ethiopia and Kenya have signed an electricity supply agreement.
13 Jul
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Ethiopia and Kenya have signed an electricity supply agreement.

Ethiopia and Kenya have entered into a new electric power supply agreement
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Oil prices surged by 3% following an escalation of strikes between the US and Iran in the Middle East
13 Jul
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Oil prices surged by 3% following an escalation of strikes between the US and Iran in the Middle East

Oil prices surged on Monday as Iran intensified strikes on Gulf states
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Tanzanian billionaire Dewji plans to invest Sh12.9 billion in the oil refinery in Lamu
12 Jul
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Tanzanian billionaire Dewji plans to invest Sh12.9 billion in the oil refinery in Lamu

Tanzania’s wealthiest entrepreneur, Mohammed Dewji, has committed to investing $100 million (Sh12.9
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Reuters research shows that the Meta AI picture detector can’t find some of its own cropped AI images
12 Jul
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Reuters research shows that the Meta AI picture detector can’t find some of its own cropped AI images

A new AI detection tool from Meta, which the tech company previewed
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Xi Calls for Responsibility Following Factory Blaze That Claims At Least 28 Lives in China’s Shoe Manufacturing Hub
11 Jul
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Xi Calls for Responsibility Following Factory Blaze That Claims At Least 28 Lives in China’s Shoe Manufacturing Hub

Chinese authorities have detained factory officials as President Xi calls for accountability
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Apple has filed a lawsuit against OpenAI and two former employees, alleging the theft of trade secrets
11 Jul
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Apple has filed a lawsuit against OpenAI and two former employees, alleging the theft of trade secrets

Apple, on Friday, initiated legal action against OpenAI and two former employees,
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Meta is set to invest C$13 billion in its inaugural AI data centre located in Alberta, Canada
10 Jul
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Meta is set to invest C$13 billion in its inaugural AI data centre located in Alberta, Canada

Meta plans to invest C$13 billion in Alberta to establish its first
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Volkswagen is embroiled in a legal dispute regarding its proposal to shut down four German plants and eliminate 100,000 jobs
10 Jul
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Volkswagen is embroiled in a legal dispute regarding its proposal to shut down four German plants and eliminate 100,000 jobs

Volkswagen is encountering strong opposition from unions as executives deliberate on the
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IMF Reduces 2026 Global Growth Projection to 3% Amid Ongoing War and Trade Risks
09 Jul
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IMF Reduces 2026 Global Growth Projection to 3% Amid Ongoing War and Trade Risks

The IMF has revised its 2026 global growth forecast down to 3%,
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NATO allies have pledged £37 billion towards a new long-range missile program
09 Jul
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NATO allies have pledged £37 billion towards a new long-range missile program

Twelve NATO allies, including the United Kingdom, have unveiled plans to invest
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