Kenya is preparing for widespread protests in response to proposed tax hikes that have sparked outrage among citizens. The government’s plan to increase taxes on fuel, telephone services, and other goods has been met with fierce resistance from Kenyan residents. The upcoming demonstrations are expected to draw large crowds as people voice their opposition to the government’s financial policies.
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Afreximbank signs landmark hydropower project in Democratic Republic of Congo (DRC)
Afreximbank signed a project preparation facility financing agreement with Kipay Investments SAS for a renewable energy project in the DRC, supporting the development of a 200 MW hydropower project. This initiative aligns with Afreximbank's climate finance strategy and aims to provide clean energy to mining companies, expand electricity access to communities, and reduce greenhouse gas emissions. The project is expected to create over 2,000 direct jobs, generate tax revenues, and foster socio-economic development in the...
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